Enter the complicated world of brokery


Real Estate Careers - Information about a Career in Real Estate

Real estate agents are independentcurrent market (buyers or sellers).
licensed professionals. Many people callIn 2006 in the US there were
this a job but it really is anapproximately 432,000 positions. You
entrepreneurial, independent position,would also have to take in consideration
IE: Business. It is better classified asto what area you are planning to
a business because it carries thebusiness in. Generally if you are in a
following characteristics:big city there will be more positions
1. It has multiple start up costs.available but also a lot of competition
2. Licensed by State or Province.as well.
3. Many agents operate under businessWhat does it take to succeed in real
names.estate?
4. Expenses such as: Shuttling potentialThe real estate agents who do extremely
clients around, dinners & lunches withwell are usually in the top 5 percent.
potential clients, advertising costs &You can drive down any street in your
office expenses etc.neighbourhood & plainly see the main
5. Most agents right off most expensesnames of these top earners almost
as a business for tax reasons.everywhere. Most of these people have
Jobs on the other hand are generallyone thing in common. They are achievers
free to find & get started. You do not& very good in sales. More than that,
have the opportunity to right offthey are very good communicators, quick
expenses because you will be classifiedthinkers, organizers, & excellent in
as an employee.customer service. It takes a special
How much can you make as a real estatebreed to become a top realtor. It all
agent?starts with a burning desire or passion
First of all real estate agents get paidfor this business. Many have gotten in
by commission. They usually get paidto this industry & out just as fast
anywhere from 5 to 10 percent of themainly because of the transition from
selling price of the home. This can beemployee to entrepreneur. It takes a lot
good for you if you are a good salesman.of courage for anyone to make this
The more homes you sell, the more incometransition because of the whole
you can make.principal behind this. Most people want
Here are the 2006 US Estimates from thejob security & have a hard time
lowest to the highest:digesting the fact that their
- The lowest 10 percent earned less thancommissions are not guaranteed. The flip
approximately $20,170.side on this issue is that the top real
- The average agent (25 - 50 %) earnedestate earner has surpassed this level
approximately between $26,790 - $39,760of thinking & reaps the rewards of being
- The top 5 percent earned approximatelyan entrepreneur.
$111,500 +If you are considering real estate as a
How much does it cost to become a realcareer & are prepared to do what it
estate agent?takes to succeed then this can be a very
It may cost you anywhere from $2,000 torewarding career move. If you are the
$5,000 to go through the full licensingtype of person who wants to stay safe
procedure depending on what state orwith a steady pay check this may not be
province you are located. This is onlyfor you. Please keep in mind that anyone
the bare requirements of obtaining awho makes $100,000 + per year most
real estate license. Find a licensedlikely has made a commitment to their
school near you for more detailedbusiness & themselves.
information on obtaining your license.The top realtor's have gone the extra
How many positions are there?mile in this career & are highly
Based on the constant up & down realcompensated for their efforts.
estate market, it would be very hard toOther options instead of real estate:
say exactly how many positions there are1. Life insurance agents.
currently. You would have to take in to2. Mortgage specialists.
consideration how many agents may be3. Car Sales.
potentially leaving this industry, the4. Travel Agents.
amounts of properties for sale & the5.



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