Real Estate Agent / Realtor

How to Become a Real Estate Agent
Real Estate Agent Job Duties
Skills and Qualities Needed to Become a Real Estate Agent
Real Estate Agents Salaries
Influential Professionals in this Field
Leading Organizations in Real Estate
Top Cities for Real Estate Agent / Realtor Jobs
Other Careers of Interest

How to become a Real Estate Agent

A prospective real estate agent needs to be at least a high school graduate that is 18 years old. If the student is able to take classes specific to the real estate industry, it would be extremely beneficial to them. It would also be advantageous to take any business classes that might be available, such as marketing or general administration.

Today, it is becoming more common for real estate agents to have a college degree. This is because the complexity in the real estate market has increased over the years. This includes more complex laws, relating to real estate transactions, so taking courses in law specific to real estate will help to give the real estate agent candidate an edge.

There are numerous colleges and universities that offer real estate degrees. Some schools may even offer a graduate degree to potential real estate agents that would be particularly useful if the candidate was considering opening their own practice. During the course of study, the prospective real estate agent will want to take courses relating directly to real estate as well as math, economics, marketing, finance, and law.

On top of education, a real estate agent will need to obtain a license in order to practice. Every state will have its own specific requirements for a prospective real estate agent before taking the written exam. This can include a certain number of classroom hours relating to real estate. The examination will have questions, relating to real estate sales, laws, and similar material.

Depending on the state where the person may practice, the license will need to be renewed annually or, in some cases, every other year. It is more than likely that you will not have to retake the original licensing exam.

What does a Real Estate Agent do?

Real estate transactions are complex events. Because of that, people looking to buy a home or investment property usually request the help of a real estate agent to help them through the process. It will be up to the real estate agent to use their knowledge of the real estate market to assist potential buyers in securing the property that they desire.

A prospective buyer may come to a real estate agent with specific requirements for a house. This could include size and a budget. The real estate agent will then find the best area and properties on the market that meet the buyer's requirements. Together, the real estate agent and potential buyer will visit the properties until the right one is located.

People looking to sell their homes will also seek out a real estate agent. They can help to market the property by listing it in a general real estate directory of homes for sale. A real estate agent can also assist by drawing up a contract and negotiating the terms of a sale with a potential buyer.

A real estate agent will also make sure that all things related to the sale of a home are handled appropriately. This can include a title search to make sure there are no issues regarding the ownership of the property. If termite or mold inspections were required, then the real estate agent will verify that they were completed.

What skills or qualities do I need to become a Real Estate Agent?

A real estate agent will need to have great communication skills to be able coordinate the buying and selling of homes. It will be essential that they can clearly relay any information that is needed to their clients.

A real estate agent must be outgoing and pleasant as well as be willing to work unusual hours. It is likely that they may find themselves working in the evenings or on weekends.

Good personal hygiene will also be important for a real estate agent. They need to present themselves in a professional manner at all times.

How much does a Real Estate Agent make?

The median salary for a real estate agent in the United States was $39,760. In the 25th to 75th percentile, the salaries ranged between $26,790 and $65,270. Real estate agents in the top ten percentile earned more than $111,500 and in the bottom ten percentile they earned less than $20,170.

Real estate agents working in the residential building construction area typically earned the highest median salary. Salary for a real estate agent can fluctuate, depending on location and education. If the real estate agent owns his or her own company, then they might also see substantially higher earnings.

Who are some influential professionals in this field?

Jim Gillespie is the President and CEO of Coldwell Banker Real Estate LLC. The company is more than 100 years old and has donated more than $6 million to Habitat for Humanities. Gillespie has more than 30 years of experience and has been with Coldwell Banker since 1976.

Allen Tate Jr. founded Allen Tate Realtors back in 1957. It has since become one of the largest real estate companies in the Carolina region. He has served on numerous boards, including the Charlotte Chamber of Commerce. Tate has also been honored with numerous awards for his service in the industry.

What are some leading organizations in this field?

The National Association of Realtors, or NAR, represents over a million people, making it the largest trade association in the United States. Established in 1908, this organization has over a thousand chapters throughout the country. Each member adheres to a code of ethics that relate to their practice.

Re/Max is one of the leaders in the real estate industry. They also offer training for prospective real estate agents. Re/Max has a franchise opportunity for those looking to step out on their own under the umbrella of a well-known company.

What are the top cities for Real Estate Agent / Realtor jobs?

One of the top cities for real estate agent jobs is Chicago, Illinois. Other top cities with employment for a real estate agent are Dallas, Texas and Los Angeles, California. Charlotte, North Carolina and Indianapolis, Indiana also have a substantial amount of job opportunities for real estate agents.

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