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Why Estate Agents are Moving Toward Self-Employment

Self-employment has been on the rise in the UK for several years, with many people choosing to work for themselves rather than being employed by a company. According to the Office for National Statistics, there were 4.8 million self-employed workers in the UK in 2020, up from 3.3 million in 2001.

The reasons for this trend are varied, but some factors that have contributed to the growth of self-employment in the UK include changes in the labor market, advances in technology that make it easier to work remotely or start a business, and a desire for greater flexibility and control over one’s working life.

It is predicted that half of the United Kingdom’s working population will be self-employed in the next couple of years. And independent workers comprise the fastest-growing group in the European Union labor market.

There are several benefits to being a self-employed Estate Agent, including:

  1. Flexibility: As a self-employed Estate Agent, you have the flexibility to set your own schedule and work on your own terms. You can choose when and where to work, and have more control over your work-life balance.
  2. Unlimited earning potential: Estate Agents are typically paid on commission, which means the more you sell, the more you earn. As a self-employed Agent, you have the potential to earn more than a salaried agent, as you have more control over your workload and can take on more clients.
  3. Control over your business: As a self-employed Estate Agent, you have control over every aspect of your business, from marketing and branding to client acquisition and sales. You can set your own goals and strategies for success, and make decisions that align with your values and priorities.
  4. Independence: As a self-employed Agent, you are your own boss. You have the freedom to make your own decisions and take your career in the direction you choose.
  5. Personal fulfillment: For many people, working in Estate Agency is a rewarding and fulfilling career. As a self-employed Agent, you have the opportunity to help people find their dream homes and make one of the biggest purchases of their lives, which can be incredibly satisfying.

Keller Williams – Exeter is the fastest growing Estate Agency in Devon and allows Agents to work as independent contractors, which means that they are considered self-employed. Here’s how it works:

  1. Agents join the Keller Williams brokerage as independent contractors. This means that they are not employees of the company, but rather they work for themselves.
  2. Keller Williams provides agents with access to training, technology, and marketing resources to help them succeed in their Estate Agency businesses.
  3. Agents receive custom coaching for marketing, generating their own leads and building their own client base. They can do this through various marketing and networking strategies, such as social media, referrals, open houses, and more.
  4. Agents receive a higher commission on their sales with Keller Williams.

Overall, the trend toward self-employment in the UK is likely to continue, as more people seek out alternative forms of work and entrepreneurship becomes increasingly accessible to a wider range of individuals. For Estate Agents, that means many benefits, including flexibility, unlimited earning potential, control over your business, independence, and personal fulfillment. KW-Exeter provides Agents with the support and resources they need to succeed in their Estate Agency businesses, while allowing them to work as self-employed independent contractors.

Click here for more information on becoming a KW=Exeter Agent.