The pros and cons of being an estate agent UK are important to determine, especially if you are willing to join this industry.
Of course, every professional has its risks, advantages, and drawbacks. However, you have to be confident to deal with any situation and get solutions for various issues.
The life of a real estate agent is all about understanding the industry.
Moreover, you need to keep all updates about the new buildings and constructions, connecting the interested parties with the sellers. I have a close connection with this sector as my uncle works as an estate agent in London.
It is all about striving hard and making your place in the industry. If you can ignore the difficulties and a few negative concerns, an estate agency can give you more than your imagination.
The overall process to begin a career as an estate agent is not complex. Get through these pros and cons to get a thorough idea about the industry.
I hope this article answers most of your questions.
Is It Worth Becoming An Estate Agent UK?
I have seen that several people in the UK have a preference for estate agent jobs. In the initial phase, every agent gets a fixed salary as well as an incentive or commission for his performance.
The best part is the right to create personal schedules.
Therefore, the agents are free to accomplish their duties according to their convenience. The mandatory office hours are not for them.
Besides, this sector has tremendous competition. If you take my advice, I will always say to create a good profile before for this job role.
People get into a lot of complications and disturbances while searching for their dream home. Moreover, they even come across several fraudsters, thus leading to a considerable loss.
A reputed and genuine estate agent in the UK can resolve these matters. Therefore, you have to be capable of serving the UK public when you take such a big responsibility on your shoulders.
The pros and cons of being an estate agent UK will help you find out every relevant point. So it will be easy to decide whether it is suitable for your life or not.
Is An Estate Agent A Good Career in the UK?
The career of an estate agent is a promising one in terms of money. Furthermore, you can also run your own business in the UK and achieve amazing profits in the long run.
My uncle also started his career as an agent agent for a British multi-national Real Estate company. However, now he prefers to run his agency.
Pros and Cons of Being an Estate Agent in the UK
According to some of the reports and statistics, the average income of an independent real estate agent in the UK is 56,000 Sterling Pounds. Therefore, I will vouch for this profession as a good career option.
If you have interests in the real estate industry and property dealings, indeed, go for it.
The advantages of this career are as follows;-
- Creation of a personal work schedule
- Expert in valuation for properties in a region
- Coming across people from various backgrounds
- Receiving good recommendations
- Great opportunities to utilize your skills
- Chances for growth, promotion, and advancement in the career
- Be a guide for people searching for homes or other buildings
- It is a good start to a career with a promising amount of salary and commission
However, before you confidently go for joining this spectacular industry, let me warn you about some drawbacks.
You need to know the story from both sides of a coin. It holds for this profession too.
Some of the concerns that you should be careful about may include;-
- Long, stressful working hours
- Contacts of repeated clients
- Ups and downs while providing services
- Dealing with various complaints from clients
- Complications of legal regulations
- Less time for attending events and social occasions
Indeed, so many limitations are there, but the rewards are more than the concerns. If you want to grow in life, you have to be aware of all the pros and cons of being an estate agent UK.
Do Estate Agents Make Good Money UK?
Undoubtedly, estate agents earn a handsome amount while working with UK clients. Furthermore, they also deal globally and develop a friendly bond with other countries.
It takes only some months to get established in the UK. A good start to living awaits as you develop in your occupation and learn from every step. Around £33,000 can be the yearly earnings for the agents.
The newcomers may face various hurdles while getting accustomed to the job culture. However, with time, they will find it quite flexible and suitable for a happy living.
The salary at the Branch Manager level is outstanding. It guarantees a lavish living as you concentrate on your job. Besides, the commission structure is different for agents working at various levels.
Usually, the commission in the UK is about 1 to 3% of the property sale value. It can be around £10,000 to £20,000 on average. I came to know from my uncle that it is even possible to earn over £1,00,0000 a year.
So, I can undoubtedly say that estate agents in the UK earn a good amount of money.
Is Estate Agent A Stressful Job In The UK?
The stress of a job depends on your capacities and skills. Furthermore, if you do not find your job interesting, it will become more stressful for you.
Many of our family members doubted the ability of my uncle to be an estate agent. However, he was dedicated to his responsibilities.
On top of that, it was the job that my uncle loved from his heart. That is indeed the most crucial part of doing any task. If you enjoy it, you will undoubtedly be successful.
I have seen hundreds of people getting access to their dream homes with the help of my beloved uncle. The feeling is indeed great.
It is true, on the other side, that the estate agents give the hardest labour in the country.
The job almost does not have any breaks. It is like thinking about the opportunities for others the whole year round. Police officers are the most stressed-out workers.
If you are ready to cope with these situations, it is a perfect job to do. No license is required to become an estate agent.
Moreover, the criteria for application are also very liberal. No particular qualification is necessary for this profession.
FAQs
How much do UK estate agents get paid?
The payment of a UK estate agent depends on their experience, level, and consultation type. The residential agents earn around £41,000-42,000 as salary. The commission is over and above this figure.
The range of commission starts from a mere 0.75% of the sale value of the property. However, it can go up to 3% too. Therefore, it is not unnatural to earn around £50,000 to £1,00,000 during the year.
Is being a real estate agent hard UK?
The process of becoming a real estate agent in the UK is not a tough one. However, you need to know that it requires a lot of hard work and persistence. It is not about getting a job but maintaining it for a long period. You will get the required training after joining. It is important to adhere to the rules and regulations while dealing with several clients from all over the world.
What hours do estate agents work in the UK?
An estate agent working for a company generally has working hours from 9 a.m. to 5 p.m. However, it depends on the company culture and the employer’s terms and conditions. The schedules become flexible as you start working on your own. Most agents have the liberty to set their schedules, covering the working hours. Sometimes, the agents may have to work on weekends, as per the need.
Where do real estate agents make the most money UK?
According to the statistics from UK specialists, real estate agents in the UK make the highest amount from residential properties. Although commercial properties also provide good amounts, the demand for residential buildings is higher. Some of the highest-paying cities include London, Liverpool, Manchester, and Colchester.
Is estate agent a stressful job in the UK?
A new report has distinguished estate agents as one of the most unpleasant areas to work in, in the UK, revealing insight into the difficulties faced by experts in the business.
Conclusion
I hope you have now understood how the life of an estate agent is in the United Kingdom. On one side, there are numerous advantages, and on the other, some limitations may confuse you.
However, I will say that shed all the confusion when you are keen to join the sector.
The most important thing that any person will consider before a job is the monetary value. I can promise you that estate agency jobs in the UK can fetch you handsome amounts.
Therefore, be prepared to witness a harsh working time, along with happy hours.
Enjoy the flexibility and prepare your own work chart. No one has the right to interfere in your working style or work schedule, especially when you reach the higher ranks. Understand the pros and cons of being an estate agent UK and move on to a new life.
