Real Estate Agent By: Bailey Sauder

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I have chosen a real estate agent because I love buying and selling things. This job involves both buying and selling houses and helping other people which I also enjoy. Some of the movies I watch have real estate agents in them as one or two of the characters and their job has always seemed fun and interesting to me.

Nature of Work

Real estate agents have to help find the perfect home for their client whether they seeking to rent or buy a house, apartment, or vacation property.
Real estate agents must inspect the must property going up for sale and determine a fair and reasonable price.
Agents must show homes for sale to potential buyers and also track down new properties whose owners agree to list their homes with the firm while even locating new buyers to help out.
Real estate agents supervise the writing and signing of contracts between the sellers and buyers to ensure promises are kept after the sale is made.
Real estate agents must help their clients find financing with banks or mortgage companies.
Real estate agent's workplaces can range from a one person business to a large firm with many agents.
Some agents work in a typical office environment while others work out of their own houses.
Some time is spent at a desk while most is spent showing properties, traveling to see properties for sale, or meeting with clients.
Real estate agents often work more than 40 hours a week, evenings, and weekends to work with their clients schedules.
The dress for real estate agents is business casual. You must pay for your own cloths usually.

All real estate agents must have licenses which include:

  • Must be over 18
  • Must have a high school diploma
  • Must have taken an exam on real estate and property laws and passed
  • Must have 30-90 hours of classroom instruction

Local associations that are members of of the National Association of Realtors sponsor introductory real estate courses covering subjects about selling techniques to legal concerns.

Many community colleges offer courses in real estate with subjects like marketing, statistics, finance, and law.

Most real estate firms offer training programs for beginners.

Internships and summer jobs with real estate firms working as an assistant is a very good training.

Earnings

Fixed salaries for agents are low to nonexistent. Their money comes from the commission they make on sales. Salaried agents make between $20,000 and $53,000 a year, including the commissions they receive. The top ten percent of real estate agents make over $80,000 per year.

Advancement

A way to advance in the real estate career is to earn their broker's license and open their own offices.

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Job Outlook

Currently their are 333,400 real estate agents. This number is expected to increase by three percent by 2024 ending up with 346,800 agents.

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This job will definitely still be around in 15 to 20 years. Some of that has to do with all of the technology coming out. Real estate agents can now show clients properties, home features, and prices online. Because of the growing population also real estate agents will become more of a demand as more people will need houses.

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Related Occupations

Advertising Sales Agents

Advertising sales agents sell advertising space to businesses and individuals. They contact potential clients, make sales presentations, and maintain client accounts. Only a high school diploma is needed.

Appraisers and Assessors of Real Estate

Appraisers and assessors of real estate provide an estimate of the value of land and the buildings on the land usually before it is sold, mortgaged, taxed, insured, or developed. Only a bachelor's degree is needed.

Property, Real Estate, and community Association Managers

Property, real estate, and community association managers take care of the many aspects of residential, commercial, or industrial properties. They make sure the property is well maintained, has a nice appearance, and preserves its resale or leasing value. Only a high school diploma is needed.

I think the job of a real estate agent is very fitting for me. For one thing, the salary and commissions are right in the range that I would be able to live comfortably. There is not too much extra schooling involved so I would not have to waste money on college and I would be able to start working soon after graduating. Also I love that I would be helping people pick out the perfect house that they will be able to create lots of memories in.

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Sources

Beco, A. (2007). Cool careers without college: Cool careers without college for people who love houses. New York City, NY: Rosen.

U.S. Department of Labor. (2015, December 17). Real estate brokers and sales agents. In Bureau of Labor Statistics (Author), Occupational outlook handbook. Retrieved February 8, 2017, from https://www.bls.gov/ooh/sales/real-estate-brokers-and-sales-agents.htm

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