Would you like a flexible career with an annual income of $100,000 or more? Well, then real estate could be the career for you. However, before you decide though you should consider the positives, as well as the cons of being a realtor. We took the liberty to write out some of the most popular factors when considering real estate as a career for you.
The Transition Process
Pros: If you are looking at becoming a realtor in Ontario the process will only take 2-6 months depending on how fast you go through the exams. Switching to a career in real estate full time can easily be down easily within the year. You can also do the courses, and prepare everything while working your original job.
Cons: However this does require that you invest time, money, and energy. There is a variety of courses that you need to complete which means there is also more than one exam that you will need to pass in order to become a licensed realtor.
You Are Your Own Boss
Pros: You are your own boss when you are a realtor. This means you choose the hours, how and where to market yourself, and how much you want to earn for the year.
Cons: Being an independent contractor requires discipline, and commitment. Starting your own business means you need to make the leap from being paid every two weeks, to having to find your own income. Realtors also have to work on weekends, and evenings as that is when most clients can go out to do showings.
Pros: It comes as no surprise that realtors make a good income. Due to the knowledge, and expertise that is required to assist in helping clients make responsible decisions in real estate realtors are paid relatively well.
Cons: The tough side of real estate is that your income is dependent on your ability to find clients, and market yourself right. Realtors are not paid by the hour which means that there is a lot of work that goes into being a realtor that is not paid for.
You Get To Assist Your Clients in The Largest Transactions In Your Life
Pros: One of the greatest benefits to being a realtor is watching your clients jump up and down in their new home from excitement. This is the reason most realtors continue to be a realtor rather than work in another industry.
Cons: For some moving can be a very stressful time. Especially for sellers that are attached to their home. You will need to deal with calming down stressed clients from time to time and help them see the bigger picture in real estate.
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