However, running a new business can be expensive, but we have good news: becoming a real estate agent can get you started in your own business at a very low relative cost.
The cost of a license exam course and the test is really all you need. Also, it's really quite easy to recruit new real estate agents. When a broker who loves the business talks with a potential agent candidate, you can feel the excitement building. From being their own boss to growing a lifelong business, there are so many reasons to choose a real estate career. There are six essential reasons why you may want to become a real estate agent - here they are, in no particular order.
Be your own boss
Most real estate agents are independent contractors, so they set their own work schedules, develop their client base, decide on their marketing methods, and grow their business as their own.
Your business growth is all up to you
Sky's the limit for growth of your real estate business. If you manage to develop a good attitude with a superior work ethic and you can realize fantastic rewards. You'll need to incorporate good business skills and develop effective marketing. It's all in your hands. One overlooked facet of the real estate profession is that this "independent contractor" status means you are in business for yourself. While the broker you choose often supplies you with an office space, support, training, and prospects, you should always be thinking of it as your business to grow and move as you see fit.
Excellent client service
This will definitely yield future rewards - the majority of home buyers say they would definitely use their real estate agent again or recommend the agent to others. It's a huge benefit of this business to be able to reap future business from the good will of past customers (clients). So, pay as much attention to the nuts and bolts of the job and to customer service as you do to marketing. You'll see great results later.
Your time is yours, so take that vacation!
Develop relationships with other agents in your office. Once you find someone with a similar style and work ethic, you can work with each other to set up off time and know that your clients will be handled the way that you want. You're in charge of your business and your time off.
Your business can be as large as you like
The real estate business offers huge potential for expansion from your "one-person show" beginnings. As an agent, your income is controlled in large part by the time you invest. Grow your business by adding an assistant, or several. Or you can get your broker license and build a brokerage, sponsoring agents to leverage your potential.
Develop a plan to provide the "good life" later
If you decide to develop a brokerage business, it's possible to structure it for sale at any point in the future. Using good business practices, the value of your brokerage business will grow and be a marketable retirement asset.