If you’re looking for a career – whether you’re fresh out of high school or college, or you are contemplating a change – there are a lot of great options out there. But one you may have not considered is getting into the world of real estate and becoming a real estate agent.
You’ve probably interacted with an agent at some point, or know someone who has. And you’ve definitely seen us around – whether in advertisements or on signs scattered in yards throughout the city.
But even though you’re familiar with agents – and may even know what an agent does – you may not be that familiar with the benefits of being a real estate agent and how it can be a fruitful, productive, lucrative, and fun (yes, fun) career option.
To help you make a career choice that suits you, here is why you’d want to be a real estate agent and work in a rapidly-growing field.
Be Your Own Boss
In life, you can either work for someone else, or you can be your own boss. Most people aren’t their own bosses – just 6.6 percent of the economy is self-employed.
As a real estate agent, you really can be your own boss because your practice is your business — even if you work with an agency. You have control over your time and your schedule. You influence how much you make. You aren’t chained to a desk, and you’re free to do what you need to do in order to get the job done.
This can be very liberating. In fact, that’s why many people get into the real estate field. Our agents here at LAH Real Estate are no different. Being your own boss is incredibly appealing. You control your success, and no one else. That’s the essence of freedom.
Earn More Money
Another benefit is that being a real estate agent can be a very lucrative career choice.
We won’t say that every real estate agent is a success and makes a great living – but the successful agents who work harder and smarter than the rest are doing very well, and are able to give themselves and their families the lifestyle they’ve always wanted.
In a place like Birmingham, where the metro population is just over 1,100,000 people, the potential to make a good living in real estate is high. The more of an expert you become, and the harder you work, the more you’ll make.
So, how much can you earn? Let’s take a home valued at $200,000. As an agent, you’ll typically collect a 3% commission. That results in $6,000 before the split with your agency. That, naturally, goes up with the home’s value, and there are plenty of homes at or above $200,000 in the Birmingham metro.
If you knew you could make thousands for each home you helped someone buy or sell, you’d quickly realize that the more effort you put in, the more you’ll earn – and you’d be incentivized in a big way to put in the hours and do a great job.
In this way, you may be able to earn more than you would at a 9-to-5 job that doesn’t have financial incentives to work harder. That appeals to many who get into the real estate field.
And if you want to just do real estate as a part-time job, you’ll find you can make far more money than with just about any other part-time job out there.
In short, the earning potential for a real estate agent – even one with just a high school diploma and no college degree – is virtually unlimited and not confined by a salary.
You’re the Expert
Most of us want to be known for being competent in our chosen area. And many of us want to be an expert who is trusted and relied upon by friends, family, co-workers, and strangers.
Being a real estate agent means you are the expert for anything associated with real estate. You’ll be able to give advice to anyone when it comes to buying or selling property. You’ll know the market better than anyone else – you’ll probably even know your community better than anyone else.
You’ll get to meet a lot of people and genuinely help them do something they can’t really do on their own. And you’ll have the knowledge and expertise that earns respect.
Should You Become an Agent?
Being a real estate agent isn’t a sure-fire way to riches. It involves hard work and often long hours. At times, it can be a grind. And it can be just as stressful as any other career.
But there are enormous benefits to being an agent in the real estate field. Find a successful agent and ask them why they got into the field and what they’ve gotten out of it. They will probably tell you that they earn a great living helping people as an expert and being in control of their own business.
If that appeals to you, becoming a real estate agent may be in the cards for you. Talk to us to learn more about moving forward with this exciting opportunity.