J.P.
I'd say if you don't mind working for free ...... then go for it. People who have been realtors for MANY years are probably doing alright but they have many referrals to count on from previous years. My husband is in his 6th year and he is not getting many closings even though we have friends and family, they don't move often and they don't always use family to begin with. Needless to say.... then there are not many checks coming our way.
It sure sounds like a great job, doesn't it? But in reality, my husband takes people out and shows them so LOTS of houses and then they decide sometimes to stop looking. You'll do TONS of research for people and then their ideas change and the deals slip through and the houses go back on the market and you'll have to start all over again or maybe even just lose the client. The market is in bad shape and I just talked to a loan officer who said so many people are getting denied on loans. There's a lot to deal with with foreclosures and short sales and they make up A LOT of the properties on sale right now.
Here's a link to a question similar to yours that I answered back in June. You may want to read all of the responses. http://www.mamapedia.com/questions/18142064826908803073