Do you wish to start a new career or a side business to supplement your income? You could consider the real estate industry. A New York Times study showed “how to become a real estate agent” among the most popular job-related searches on the internet in recent times. With a projected 7% real estate employment growth between 2018 and 2028, you may wonder what attracts many to the profession. Here are four reasons you should become a real estate agent this year.
Become your own boss
The idea of being your own boss is appealing to many people. Most real estate agents are self-employed, meaning they schedule their working hours and dictate how to manage their schedules and priorities. You may work from home, establish your own objectives, and profit from your accomplishments. You can decide to take a week off or go on a weeklong vacation or work 8 hours daily to get ahead and develop your skills in the industry. It is completely up to you.
Low entry requirement
You may not require a college degree to become a real estate agent. Not everyone is cut out for college; according to Forbes, over one million students drop out annually. Many people may not find college a good fit for many reasons, including financial stress, lack of support or the time required to complete a degree. College can be expensive, time-consuming, and socially undesirable for some, and getting a real estate education is a quick and affordable alternative. You can complete it on your own time from the comfort of your own home, business, or the local café. You can also check out online resources from professionals like Armand Candea to learn more about real estate.
Meet new people
One of the major benefits of obtaining a real estate license is the possibility to meet individuals you would not otherwise be able to interact with. A profession in real estate allows you to be sociable, create new connections, and learn about individuals from various walks of life. Networking is important to your success and profitability in the industry and life in general. As your sphere of influence expands, you will find yourself meeting more individuals, acquiring more leads, and potentially exposing yourself to other opportunities outside the industry.
Significant earning potential
A career in real estate can be rewarding since you are not restricted to a specific pay range or an hourly wage. Your career is ultimately your business, so your major threat will be how well you can establish your brand and grow it. According to a US study, real estate agents earn a median salary of $49,040, while those in the top 25% made $76,720 in 2020. However, consider paying more attention to clients’ needs than the money if you want to make more from the industry.
A career in real estate could be right for you if you are okay with the facts above and willing to put in the hard work. Overall, starting a real estate career is worth it, and you can make a comfortable living if you can sell enough.