Pros and Cons of Being a Real Estate Agent

Many real estate agents will tell you that they love their job and wish they had gotten their license sooner. But it’s not a career for everyone. Like any other profession, there are pros and cons of a real estate agent career.

You get to be your own boss . . .

Who doesn’t want to be their own boss calling the shots? Sure you have a broker, but as an agent you’re the boss of your business.

But that means handling a lot of extra managerial tasks.

Being the boss ain’t easy because there’s a lot of paperwork, email correspondence, etc. that has to be taken care of by somebody.

You’ll have complete control over the course of your career . . .

Because you’re the boss you alone get to control how your career progresses.

But you’ll have to figure out a lot on your own.

Since you’re your own boss there’s no one directing you along the way. Find yourself a mentor who can help you get your career on track.

You can make a lot of money at once . . .

When the commission check comes in it’s usually a large chunk of cash that makes your bank account a lot fatter.

But you may need to make that money last a while.

Of course, commission checks may not come on a regular basis so you need to be a good money manager.

Real estate is a relatively easy profession to get into . . .

You don’t need a college degree or special certification to get into the real estate business. As long as you’re a high school graduate you’re eligible.

But you will have to take 180 hours of required real estate courses.

You can’t just take the licensing exam and get handed a license. The Texas Real Estate Commission (TREC) requires that all applicants complete 180 hours of required real estate courses prior to testing. However, the education is worth it because...

You get to create your own schedule . . .

Say goodbye to the restrictive 9-5 schedule. As an agent you decide when work gets done.

But weekends aren’t guaranteed free time.

Since many other people do work a 9-5 schedule you’ll probably be working on the weekend.

You help people buy the home of their dreams . . .

There’s nothing more rewarding than helping someone achieve an item at the top of their bucket list.

But it can be an emotional rollercoaster along the way.

When there’s a lot of money and personal opinions involved, emotions are going to run high. As an agent you’ve got to mitigate emotions and get your clients through it.

You’re better prepared to invest in real estate yourself . . .

The required real estate education doesn’t just prepare you to be an agent. It also prepares you to be a better real estate investor yourself. Grow that wealth for clients and your family!

But you also have to be extra careful about disclosures.

Agents have to disclose their licensed status on every personal deal they handle. If you fail to do so you could get in some very hot water.

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