This business is FEE Intensive. There have been a lot of realtors leaving the business over the past year. Getting your license is great! Keeping it active and being active in the business is another. This is a business of keeping on top of technology and trends, and with the internet, those trends and technology changing at record pace, it is almost overwhelming. But, my husband and I love it. We live, eat and breathe this business.
You have no other paycheck. The perception of many in the public realm is that realtors are paid a salary or an hourly wage and then also earn a commission. The public also feels we are overpaid. They NEVER see the breakdown of the commission. They never see any of the bills that related to the sale on the realtor's side. The buyers and sellers only see the figures they have to pay on the HUD 1 Settlement Statement for a closing. The public has no clue on what it cost to advertise a property, or the time invested, and they do not care. Their perception is that we only work a few hours a day. They are not aware that this business travels with us, with the 'earbud' connected to your ear, the laptop in your car, the long hours in the office working on marketing pieces or networking with the other realtors, the drivetime for showings, the real estate signs that get stolen or run over, vandalized or storm damaged. Directional signage always comes up missing.
THE Plus sides of the business is that you are always meeting new people. No transaction is the same. You are always learning. You can be creative! You can try to set your own hours, but be prepared to lose some customers because you are not available. I have been around the real estate business my whole life, or since I was 3. My mom went into the biz in 1964 and started her own company in 1966. I have seen the ups and downs, and back in those days, it was difficult for a woman to be in business, or self employed.