What are the pros and cons of being a real estate broker?

Pros:

• Limited Educational Requirements. Becoming a real estate broker does not have any set qualifications or a specific degree requirement, but it does require a specific skill set and on-the-job training, such as a background in sales or experience in real estate.

• Potential for Good Pay. Along with it being relatively easy to start, mortgage brokers also have the potential to make great money, especially if you live in an area with an active real estate market.

Cons:

• Cyclical Working. Real estate is a cyclical industry, which means that sometimes it is highly active and sometimes it is not. This can be frustrating if your livelihood depends on it. This can lead to big variances in salary from year to year.

• Stress with Working with Others. Real estate brokers often have to find their own clients, which means you need to be out, meeting new people and putting your work out there. This can be extremely uncomfortable and stressful for many people.