Updated: Mar 22
Pros and Cons of a Real Estate Agent Career. Is this career suitable for you?
Many people assume that being successful as a real estate agent is easy.
Part of this misconception stems from the relatively short real estate salesperson course required to get a licence compared with other professional fields where years of study are required.
On top of that, survivorship bias means that only those who do well in the industry are remembered and sensationalised while drop-outs are soon forgotten.
But there is a lot more than meets the eye when it comes to succeeding in a real estate sales career.
Although there are countless perks that a real estate career can offer, there are always two sides to a coin, and this industry is no different.
Here are some of the pros and cons of a real estate agent career.
When You Manage Your Own Real Estate Business
You don’t have to report to anyone and you are in control of your own style of business.
This appeals to those who hate to be micro-managed and love to be in control of their own activities.
Independence is arguably one of the precious intangible benefits of the job.
Most of the time, being a real estate agent means a one-man-show.
You are in charge of sourcing for your own leads (Prospecting), maintaining relationships with your clients, marketing your business and managing all the nitty gritty administrative work such as invoicing, following up on renewals etc.
When everything is on your shoulders, it can get stressful.
Many new agents who join the industry fail to realise how much work and discipline it takes to become a successful real estate agent.
Experienced agents too get to a point where they have to learn about outsourcing and delegation of work in order to grow and maintain their business.
When Your Schedule is Flexible (Oh.. isn’t that nice?)