Top Reasons to Consider a Career in Commercial Real Estate
Becoming a commercial real estate agent is hard work, but totally worth it.
Real estate, particularly commercial real estate, can be a lucrative career. It’s a job that demands a lot of skill, time, and effort. While it can seem like a daunting career path, it’s also one that is incredibly rewarding. As businesses and individuals search for real estate properties, they need someone who can help them to find exactly what they need. If you’ve thought about getting into the real estate market, here are 5 reasons to consider a career in commercial real estate.
Work for Yourself
One of the biggest draws for anyone getting into the real estate field is that you get to be your own boss. As an agent, you will need to be under a commercial real estate brokerage. The brokerage provides you with guidance and the tools you need to become a successful agent. Your brokerage also reviews your contracts. Otherwise, you’re on your own. You choose how many clients you want to handle and how to market yourself.
As a part of being your own boss, you are afforded much more freedom. You’re not tethered to the normal 9 to 5 in the same old office; you pick your hours. If you stay under a brokerage, you likely have to net a minimum number of hours a week, but those hours are up to you. If you choose to, you can take an exam to become a licensed broker yourself and become an independent agent. This provides you with even more freedom when it comes to setting your hours.
You also get to pick your office location. You can set up an office in a spare room of your home or you can rent a Washington DC office space to do business. You’re not confined to a small cubicle in an office building. This can be quite freeing.
Real Estate is Constantly Changing
The bad thing about many office jobs is that they’re stagnant. You do the same thing day in and day out. This can get pretty boring very quickly. Real estate (including commercial real estate) is constantly changing. New trends develop. Demographics shift. Industry needs evolve. You’ll constantly be learning new things, which provides you with new challenges. As you learn to adapt to meet the needs of your clients, you improve your skills. This can make you even more versatile and helps you to work with a broader pool of people.
The Work is Hard but Rewarding
There’s no getting around the fact that being a commercial real estate agent requires a lot of hard work. It’s a common misconception that becoming a real estate agent is easy money — that all you need to do is put your name out there and people come running to you. Unfortunately, it doesn’t work that way.
You have to work hard to bring in clients and help them to find the properties they need and want. This isn’t a bad thing. Yes, you work hard, but the work you do is rewarding. You get to help your clients find their ideal properties. Their satisfaction with your work can give you a boost. Additionally, the work you put in with your current clients can help to lead to more business. Satisfied clients are more likely to recommend you to others.
Greater Earning Potential
Real estate agents have great earning potential. The harder you work and the more satisfied clients you have, the more you can earn. Under a brokerage, you can net quite a bit just in commissions. As you grow, you can decide to get your brokerage license and open your own commercial real estate business, and your earning potential can grow significantly. While money shouldn’t be your biggest motivating factor for getting into commercial real estate, it is a major perk.
Becoming a commercial real estate agent is hard work. That doesn’t mean it’s not worth it. If you have the drive and ambition, you can achieve incredible success in the career while assisting your clients in finding their perfect properties.