Pros
- You’re an independent contractor - Control your own business - Make your own decisions. - Your income isn’t limited by an hourly wage or a corporate-dictated salary range. - The growth potential is huge.
Cons
- Real estate transactions generally are one of the most stressful times of a client’s life. - You will need to be confident in your skills and abilities when things don’t go as planned. - If a client leaves unhappy, whether it was due to your efforts or not, word-of-mouth spreads quickly and can affect your referral network and, ultimately, your bottom-line. - Having a flexible schedule in real estate means you have to be flexible to the client’s needs. - There is an investment in time, money, and effort required. - No guarantees. - Passing the state real estate licensing exam is difficult and demands an understanding of complex topics and a varied skill set.