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An improving job market and rising consumer spending drives demand for real estate brokers and sales agents to handle real estate transactions. With the millennial generation entering the prime working and household-forming age over the next decade, they will be entering the housing market with should increase demand for brokers and agents.
Employment in the area of real estate is projected to grow 6 percent from 2016 to 2026.
Real estate brokers and agents help clients buy, sell, and rent properties. Unlike agents, brokers are licensed and usually own their own businesses.
The work place environments for real estate employees can range from one person businesses to large firms with numerous branch office. Workers typically work in an office setting, with a few working out of their homes. Workers will also spend time away from their jobs showing properties to customers and meeting with prospective clients.
Brokers intending to own businesses often take business courses in marketing and accounting. Depending on how competitive the job market is, some employers may require that applicants hold a college degree. Some college programs offer degrees and certificate programs in real estate. Courses in finance, business administration, economics, and law are also useful.
For management positions, a bachelor’s in business law, management economics, finance, and statistics are beneficial.
The median annual salary for real estate is around $45,990. The lowest 25 percent earned less than $31,180 and the highest 25 percent earned more than $71,950.
Real estate brokers must complete some real estate courses to become licensed. For most states, brokers and agents must take state-accredited courses. All brokers and agents must be licensed. Requirements to be eligible varies from state to state.
To obtain a broker’s license, individuals generally need 1 to 3 years’ experience as an agent and take additional formal training courses. In some states a bachelor’s degree may be substituted in place of experience or training requirements.
Apart from requiring a license, other important qualities include business skills, especially for self-employed brokers so that they can manage every aspect of their business. Organizational skills are also important for managing their own time and organizing, planning, and prioritizing their work. Because agents and workers spend much of their time interacting with clients and customers, interpersonal skills are a must.
You can search for a real estate job listing through websites like CareerBuilder, Monster, Indeed, SimplyHired, and JobsInEachState.com. You can also check your local papers or do a general web search for your area for real estate jobs. Because many workers in this field tend to be self-employed, many brokers may advertise locally to gain potential clients; some may take out a local ad in the paper and have a website created to advertise their services.
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