The real estate business offers multiple ways to make money, and being a real estate agent is one of them. What is a real estate agent?
To put it simple, it is a profession where you don’t have to endure the routine and tedious life of 9 to 5 working hours. It is a more liberating, exciting experience that allows you to help others (home buyers, real estate investors, etc.), while becoming a real estate expert at the same time. So, what is a real estate agent and is it the right job for you? This article will answer these two questions and give you a better insight of what a real estate agent job entails. You can also visit Mashvisor to learn more about all subjects related to investing in real estate and investment properties.
Related: How to Become a Successful Real Estate Agent
What Is a Real Estate Agent?
To begin, we need to answer the most essential question of this article: What is a real estate agent? A real estate agent is a real estate professional who is licensed to handle real estate transactions and deals between property buyers and property sellers. Real estate agents usually work for more qualified real estate professionals – realtors – who have more experience, certificates, and training.
What Is a Real Estate Agent: Is This the Right Job for You?
The real estate business is unpredictable, and it involves taking risks with your own money, time, and efforts. To succeed in the real estate world, you need to sharpen your skills and talents in fields like marketing and sales.
When everything goes according to plan, real estate careers can result in many benefits for the people involved. Thus, before you jump in the pool of real estate, you have to test its water.
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To help you figure if you’re suitable to be a real estate agent, we’ve compiled a list of reasons why people seek this kind of career.
What Is a Real Estate Agent: Perks of Becoming a Real Estate Agent
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You have more control over your work
Being a real estate agent allows you to work independently away from the stress of being bossed around. You make your own schedule in your own working place and use your own marketing strategies and management techniques. In addition, you make your own clients.
Eventually, you have two options: you either become a broker and work completely independently or you work for another broker. Working under a broker means he/she has to approve all legal and financial decisions that you make. Other than that, you are free to make your own decisions.
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No more wasting time on routine
When wondering what is a real estate agent and whether you should become one, there is another advantage you have to take into consideration. Instead of wasting valuable hours of the day behind a desk, you get to take advantage of the best times of the day by having flexible working hours. When you’re a real estate agent, you have the liberty to work wherever you want when you’re not with a client. Also, when you’re on duty, your time is spent socializing and building real estate networks with new people.
It is also easier to plan for a vacation; your relationship with your clients is more flexible which allows you to choose the time that suits you both to meet and do business.
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The real estate market’s never ending opportunities
When we talk about the real estate market, we talk about never-stopping transactions. People never really stop looking for real estate properties, thus, you won’t go out of work. You might not be able to sell properties for a while, depending on the real estate market conditions, but that doesn’t mean you won’t be able to sell any more properties.
Therefore, as a real estate agent, your business will be fine even during the slow season and the lowest points of the economy. However, you need to be the kind that adapts to the constant changes of the housing market.
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Exciting and satisfying job
If helping others is your passion, or if it brings you satisfaction and comfort, then a real estate agent is the right job for you. This career is all about meeting new people and building relationships that turn into social and financial rewards.
However, you need to be confident and remain calm in the time of stress. When something in a real estate transaction goes wrong at the last minute, the client is allowed to panic, but you’re not. Successful transactions come from confidence and good social skills on behalf of the real estate agent. When you help someone find his/her dream house and close a deal, that means so much to this person that you will feel a great joy and pride. That feeling alone can be better than the good money you get out of the deal itself.
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Great income
Maybe you are wondering “What is a real estate agent in terms of money?” When you’re a real estate agent, your income does not rely on hourly wages but on the time and effort you invest. Though, you need to be patient with your cash flow. As a new real estate agent, you will not receive your first transaction on a silver plate, unless luck decides to work for you. Therefore, you need to study the real estate market well and carefully and focus on building good relationships with your clients who in return can build a good reputation for you in the field. And with good reputation comes good money in the long run.
Most of your money, as a real estate agent, comes from commissions and selling real estate properties. According to the National Association of Realtors, the median annual income of full-time real estate agents can reach $55,000.
Related: How Much Do Real Estate Agents Make?
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Important experience and skills
When you become a real estate agent, you get to study the most important and sought after real estate areas. In the eyes of your clients, you are the reliable adviser that can help them find what they’re looking for in terms of real estate properties.
This kind of relationship with your clients can bring some kind of stress because someone is trusting you with his/her money and how he/she is spending it and investing it. Any mistake and miscalculation can lead to financial loss. That is why we are going to remind you again of the importance of being able to handle stress and work under pressure. Also, you need to be flexible and adaptable to the demands and needs of your clients as well as the state of the real estate market.
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Business growth
In the world of real estate, there is a great potential for business growth. As a real estate agent, you can quickly expand and grow your career. The right attitude and work ethics can do wonders for your real estate career. As you begin to gain more clients by sealing more real estate transactions, you can hire an assistant to help you better manage your growing work. Focusing on the right marketing methods will lead you faster on the road of independence and success in this real estate career.
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The time you invest in this field makes the growth limitless, which ensures a sustainable income and proper return on investment.
Related: A-Step-by-Step Guide on How to Become a Real Estate Agent
Bottom Line
If you’re looking to get out of your boring and regular working hours, asking yourself what is a real estate agent is a first step to change your life to the better in more than one aspect. It will, of course, be challenging at first to start a real estate career in this field, and things won’t always be easy even after you’ve got the hang of it. However, a career as a real estate agent can guarantee you your desired job independence and help you help others finding what they’re looking for. Thus, the reward is not only financial but also emotional. To learn more about what is a real estate agent and more related topics, visit Mashvisor.