Many people think being a real estate agent is easy. They see these nicely dressed men and women showing beautiful homes and commercial properties and closing deals worth hundreds of thousands or even millions of dollars and they have no idea the amount of work it takes to get the job done. Many of them wonder how much do realtors make and think all you need to do is get your real estate license online, hang out your shingle, and become a realtor. But they do not see all the research and hard work that goes into becoming a real estate agent. Let’s look at 4 common misconceptions about working as a real estate agent.
This Job Is Easy
It is not easy working as a realtor. First of all it is commission based. If you do not make any sales, you do not make any money. That can be very stressful, especially in times when the housing market is unstable. Agents have to put in long hours researching properties and meeting with potential, managing current clients, and marketing difficult to sell properties. It is also essential for agents to find a steady flow of clients looking to buy and sell properties. Often this means going to a wide range of events, handing out business cards, and if they are fortunate fielding a high volume of calls.
All Real Estate Agents Makes Lots Of Money
Most real estate agents do not make obscene amounts of money. Many people’s perspective of what a real estate agent earns is based on the ones they see on reality TV driving fabulous cars and regularly closing deals worth hundreds of thousands. While there are some rich ones, the average real estate agent is not wealthy. According to the National Association of Realtors, the average real estate agent makes about $44,489 a year, but has to work about go hours a week to do so. When most people wonder how much do realtors make, less than $50,000 a year is not what they imagine.
There are some wealthy agents but they are the exception and not the norm. Real estate agents can earn a comfortable income. The reality is when you become a realtor you have to work hard if you want to live well.
Real Estate Agents Work When They Want
Many people wonder how to become real estate agent material because they seem to have very flexible schedules. While agents do have some flexibility, the needs and schedules of their clients play a large role in when they work and when they are free. In order to close the sale in a timeframe that suits the customer, real estate agents have to make time to meet with the client when the client is available.
Real estate agents must please their customers if they want to be successful. After you get your real estate license online, one of the first things you need is a calendar to start scheduling visits to see properties, meetings with clients, and time to do research. While the agent has some input about when they want to work, if they want to make money, a significant portion of their schedule is also determined by their clients. They are the ones that pay the agent.
I don’t need any training to do this job
Being a real estate agent looks easy. That’s why many people consider getting into real estate. It looks like all you have to do is simply get your real estate license online, register with a broker, make some business cards, and start making money hand over fist. Many people are shocked when realize the tremendous amount of training it takes to become a realtor. Some states require over 200 hours of training before you can take the test to become a real estate agent. You can take the classes online or in the classroom setting.
Being a real estate agent can be a lucrative profession. But it requires lots of hard work, study, preparation, and flexibility. Those willing to do the necessary work can find themselves making a good living and enjoying many of the great rewards they imagined.