Are you thinking about getting your real estate license but wondering if it's worth the investment? What all will you get in return, and is it enough to leave your current job? Here's a look at six of the top benefits of getting a real estate license to help you with your decision.
What Are the Key Benefits of a Real Estate License?
Compared to most career paths, getting started in real estate is quicker and more affordable. But what are the key benefits of a real estate license?
1. Having a New Revenue Stream
Once you have your license in hand, you are legally able to earn a commission when you help clients buy or sell properties. Whether you want to go full-time or earn some money on the side, real estate transactions can bring you a sizable income. According to Indeed, the average full-time real estate agent in the U.S. makes about $90,000 per year.
2. Getting Insider Deals
As a real estate agent, you'll have access to the MLS (Multiple Listing Service), so you can view properties as soon as they hit the market. If you see a property you want to buy, you can jump on it and make an offer immediately. This is one of the benefits of a real estate license you might not think about at first.
This access and ability to move on a deal instantly is an advantage if you are in the market for a home for yourself or if you are looking for investment properties. Essentially, you can remove the middleman between you and the deal and handle it for yourself. This can not only help you get first dibs but can save you on the commission you'd pay an agent.
3. Improving Your Resume
To become a successful real estate agent, you need a variety of skills from marketing and sales to negotiations and customer service. Many of the skills are transferable to other industries. So by getting your real estate license and learning the ropes, you can gain valuable experience on your resume that can help you land a job in the future.
4. Expanding Your Business Knowledge
Real estate agents are treated as self-employed individuals, meaning you are the owner of your own business. Although agents often need to partner with brokers, they are not technically employees of the brokerage. As a business owner, you'll learn a great deal about what it takes to run your own business which can help you if you want to start another business down the road.
5. Broadening Your Network
To be successful in real estate, you have to build your network. You need to get to know people in your area, and they need to know, like, and trust you. However, the benefits of that network don't end if you transition out of real estate. When you build a good reputation and many positive relationships, you can tap into that network in the future for a variety of reasons.
6. Enjoying a Flexible Schedule
Another one of the benefits of a real estate license is making your own schedule. This can be a huge plus for those who are tired of planning life around a work schedule their boss dictates. As your own boss, you can plan work around your life, which is especially helpful for parents of young children or those who are working as a real estate agent on the side.
Start the Path to Your Career in Real Estate!
As you can see, there are tons of benefits of a real estate license. You'll reap the rewards in your wallet, lifestyle, and future. It's a lucrative career path with a low barrier to entry and transferable skills. If you're ready to get started, you can do so online with a certified real estate course provider like Aceable Agent.