Why are there so many insurance agents but not as many property agents in today's market? - Seedly
 

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Asked by Anonymous

Asked 4w ago

Why are there so many insurance agents but not as many property agents in today's market?

Is being a real estate agent not as profitable? Which is more lucrative?

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Wilson Nid A Break
Wilson Nid A Break
Level 7. Grand Master
Answered 3w ago

Relative easieness to sell a policy than a property in general

When economy not doing well, its harder to convince people to part money to buy into an investment (property) whose return is not guranteed as compared to a guaranteed return (albeit much lower) by an insurance company

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Mark Chan
Mark Chan
Level 4. Prodigy
Answered 3w ago

To add on to the answers here, the Real Estate Salesperson (RES) course is known to be difficult (can you imagine having to understand Land Law?!) and has a relatively high failure rate. This may be one small factor why people are averse to taking up the profession.

Having said that, it's also a relief to know that the barriers to entry are high - and this helps to ensure that the quality of agents moving forward is kept high!

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The profitability of a career depends on the amount of hard work that you are willing and able to put in. At the end of the day, no lunch in the world in free.

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Not many property agents??? Every day I come home there is a couple of flyers stuffed against my door/gate for some property agent promising riches....

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