The Covid-19 pandemic might’ve offered you the chance to reflect on your current career path. Immersed in a corporate job, you might be increasingly frustrated by long working hours, low job security and the lack of autonomy. Pre-determined hours, uninspiring pay, and a general daily thankless grind, might have you considering a career in real estate.
Offering unlimited earning potential, incredible flexibility and more, here are 7 perks to a career in real estate.
You’re The Boss
Working independently, Realtors truly act as their own boss. Often working as solopreneurs, agents wear many hats including heading up departments like marketing, finance, human resources, technology, and operations. Working with this level of autonomy offers many agents a greater sense of job satisfaction, higher levels of motivation, and increased morale.
Flexible Work Hours
Answering primarily to clients, a career in real estate results in the ability to create one’s own schedule. Ditching the traditional 9 to 5, working requirements might have you working over the weekend, into the evening or early morning too. So long as you serve your clients and keep their needs top-of-mind, you can curate the schedule that works best for you.
Limitless Earning Potential
The money you make is really up to you. If you’ve gotten looped into shows like Million Dollar Listing, you already know that a career in real estate offers uncapped earning potential. While more money generally means more time, many agents offset their workload and increase their revenue by hiring administrators, working in partnerships, or developing teams.
Work from Anywhere
Even as little as 10 years ago, agents used to rely quite heavily on their physical brokerages for scanning, printing, and *cough* *cough*, faxing too. With the major rise in digital signing software, home-office all-in-one scanner/printers, agents can do much of their work from nearly any place that offers them an internet connection.
Rewarding Networking Opportunities
Real estate will have you developing meaningful relationships with a wide variety of people. Not only meeting clients from all walks of life, but you’ll also need to develop relationships with other agents in addition to mortgage brokers, inspectors, developers, lawyers, and more.
With memberships in associations like BCREA (the British Columbia Real Estate Association), CREA (the Canadian Real Estate Association), and your local real estate board, you’ll need to meet annual education requirements. Continuously enhancing your knowledge, you’ll brush up on subjects like contract law, agency, technology, and more.
Operating your own business will offer you certain tax advantages. Falling under a CRA business schedule, things like transportation, meal and entertainment, office supplies and more become deductions to your overall income.
A career in real estate is incredibly rewarding. Offering incredible flexibility, plenty of autonomy, the ability to work from anywhere and an uncapped earning potential, it might be time for you to get started. To learn more about the opportunities at Westmar, contact us today.