Vantaggi
You will do a lot of transactions, all different, which affords newer or less experienced agents the opportunity to learn. No day is the same. Nice to have a company support you with all of the day to day costs associated with real estate; as an employee you don't have the start up costs.
Svantaggi
If you are used to doing everything yourself, it's very hard to let go of the tasks, such as contract to close, etc. But the way you will make more money is to do more transactions and only focus on those tasks which are yours. I had a hard time with this because I had been an agent for four years prior to starting. I felt very bogged down with so many active listings and buyers, but it was partially my fault for not completely following the model.