3 answers

What's it like being a real estate agent?

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What's an average day like? What's the average pay and hours of a real estate agent? Do you enjoy your job?
#real-estate #house #career #home #sales #job #occupation #salary #average-day

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3 answers

Sergey A.’s Answer

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I have met a few people who work in the field. It includes a lot of hustling, moving from place to place, human interaction, as well as paperwork.

The advantages seem to be

  • you can make decent money without years of formal schooling
  • a large degree of independence
  • your social skills will improve quickly, which can be later helpful with other careers
  • you will acquire an intimate knowledge of a large and well-established industry that again can help you if e.g. you decide to become an entrepreneur, as you will know firsthand many needs and inefficiencies

The disadvantages seem to be

  • you can make no money, or struggle greatly and put in insane hours to barely make the minimum wage
  • you have to motivate yourself and constantly learn and improve your own efficiency, if you are to become successful
  • despite being independent, you will often have to cancel your other commitments to show an apartment or go sign paperwork, if you want to be truly successful
  • aside from getting better, there is limited opportunity for career progression.
  • as you get older, you may want something less stressful and more sustainable, particularly if you decide to start a family.
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stefan’s Answer

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Hi Christian,
Real estate agents are usually "independent contractors" (like being your own boss) and are sales people. As an agent, you are trying to get someone to buy or rent. The hours you work depend on how much you want to work. It could also depend on the season or market conditions. A busy season may be when college students looking for an apartment before the start of a new school year. You could be working long hours some days and none on others. Your pay depends on how many deals (leases or sales) you complete. You could be working long hours and still not close many deals. If so, you wont get paid very much. It can be enjoyable if you like working with people and helping them find the right house or apartment. Real estate agents that have worked for many years often become investors, buying properties for themselves to develop, rent, and/or sell.
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Jasmine’s Answer

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I know and work with a fair number of real estate agents - both on the residential and commercial side. How much money you make is a function of how hard you work/how much hustle you do. Be prepared to network, think creatively and expect that a lead today could be closed sale tomorrow. In the real estate world, where it be homes in a local neighborhood or office/store/industrial space in a small town or big city, there is someone looking to rent or buy and there are owners looking to sell and lease out. You're offering to solve their issue - finding the right place at the right price. The downside can be timing, can be fewer buyers than what's on the market hence affecting the 'stability' of your income. The upside is, if you work hard, network and are not afraid, you could make decent money with the work flexibility.

Your average could range from finding leads, to checking out the real estate, showing the real estate, closing, inspecting real estate w/ the buyer, and dealing w/ the title companies, inspectors and contractors (to help your buyer). You are your own boss in a way.

Jasmine recommends the following next steps:

  • I would suggest you find a local real estate agent in town for a chat to get a real in person understanding.
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