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Real Estate Careers - Information about a Career in Real Estate

Real estate agents are independent licensedwould have to take in to consideration how
professionals. Many people call this a jobmany agents may be potentially leaving this
but it really is an entrepreneurial,industry, the amounts of properties for sale
independent position, IE: Business. It is&  the  current  market  (buyers or sellers).
better classified as a business because it
carries  the  following  characteristics:In 2006 in the US there were approximately
432,000 positions. You would also have to
1.  It  has  multiple  start  up  costs.take in consideration to what area you are
planning to business in. Generally if you are
2.  Licensed  by  State  or  Province.in a big city there will be more positions
available but also a lot of competition as
3.  Many agents operate under business names.well.
4. Expenses such as: Shuttling potentialWhat  does it take to succeed in real estate?
clients around, dinners & lunches with
potential clients, advertising costs & officeThe real estate agents who do extremely well
expenses  etc.are usually in the top 5 percent. You can
drive down any street in your neighbourhood &
5. Most agents right off most expenses as aplainly see the main names of these top
business  for  tax  reasons.earners almost everywhere. Most of these
people have one thing in common. They are
Jobs on the other hand are generally free toachievers & very good in sales. More than
find & get started. You do not have thethat, they are very good communicators, quick
opportunity to right off expenses because youthinkers, organizers, & excellent in customer
will  be  classified  as  an  employee.service. It takes a special breed to become a
top realtor. It all starts with a burning
How much can you make as a real estate agent?desire or passion for this business. Many
have gotten in to this industry & out just as
First of all real estate agents get paid byfast mainly because of the transition from
commission. They usually get paid anywhereemployee to entrepreneur. It takes a lot of
from 5 to 10 percent of the selling price ofcourage for anyone to make this transition
the home. This can be good for you if you arebecause of the whole principal behind this.
a good salesman. The more homes you sell, theMost people want job security & have a hard
more  income  you  can  make.time digesting the fact that their
commissions are not guaranteed. The flip side
Here are the 2006 US Estimates from theon this issue is that the top real estate
lowest  to  the  highest:earner has surpassed this level of thinking &
reaps  the  rewards of being an entrepreneur.
- The lowest 10 percent earned less than
approximately  $20,170.If you are considering real estate as a
career & are prepared to do what it takes to
- The average agent (25 - 50 %) earnedsucceed then this can be a very rewarding
approximately  between  $26,790  -  $39,760career move. If you are the type of person
who wants to stay safe with a steady pay
- The top 5 percent earned approximatelycheck this may not be for you. Please keep in
$111,500  +mind that anyone who makes $100,000 + per
year most likely has made a commitment to
How much does it cost to become a real estatetheir  business  &  themselves.
agent?
The top realtor's have gone the extra mile in
It may cost you anywhere from $2,000 tothis career & are highly compensated for
$5,000 to go through the full licensingtheir  efforts.
procedure depending on what state or province
you are located. This is only the bareOther  options  instead  of  real  estate:
requirements of obtaining a real estate
license. Find a licensed school near you for1.  Life  insurance  agents.
more detailed information on obtaining your
license.2.  Mortgage  specialists.
How  many  positions  are  there?3.  Car  Sales.
Based on the constant up & down real estate4.  Travel  Agents.
market, it would be very hard to say exactly
how many positions there are currently. You5.



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