Real Estate Broker Jobs
Overall employment of Real Estate Broker Jobs and sales agents is projected to grow 4 percent from 2020 to 2030, slower than the average for all occupations.Despite limited employment growth, about 47,500 openings for real estate brokers and sales agents are projected each year, on average, over the decade. Most of those openings are expected to result from the need to replace workers who transfer to different occupations or exit the labor force, such as to retire.
Employment
There will be a continued demand for real estate brokers and sales agents, because people turn to these workers when looking for a new home, relocating, or purchasing property for a business, among other reasons. Employment is projected to grow along with the real estate market.Tighter credit regulations and increasing real estate prices may force some people to continue renting as opposed to entering the housing market. Moreover, the younger portion of the millennial generation will enter the prime working-age and household-forming age group over the next decade. This generation has delayed home ownership because of financial and personal considerations. Therefore, their slower entry into the housing market should limit demand for real estate agents and brokers - Real Estate Broker Jobs
Real Estate Brokers and Sales Agents are older, on average, than most other workers. Historically, many homemakers and retired persons were attracted to real estate sales by the flexible and part-time work schedules characteristic of the field. These individuals could enter,leave,and later return to the occupation,depending on the strength of the real estate market,their family responsibilities,or other personal circumstances - Real Estate Broker Jobs
Nature of the Work
One of the most complex and significant financial events in peoples' lives is the purchase or sale of a home or investment property. Because of this complexity and significance,people typically seek the help of Real Estate Brokers and Sales Agents when buying or selling real estate.
Real Estate Brokers and Sales Agents have a thorough knowledge of the market in their communities. They know which neighborhoods will best fit clients' needs and budgets. They are familiar with local zoning and tax laws and know where to obtain financing. Agents and brokers also act as intermediaries in price negotiations between buyers and sellers - Real Estate Broker Jobs
Real Estate Agents usually are independent sales workers who provide their services to a licensed Real Estate Brokers on a contract basis. In return, the broker pays the agent a portion of the commission earned from the agent's sale of the property. Brokers are independent businesspeople who sell real estate owned by others; they also may rent or manage properties for a fee - Real Estate Broker Jobs
When selling real estate, brokers arrange for title searches and for meetings between buyers and sellers during which the details of the transactions are agreed upon and the new owners take possession of the property. A broker may help to arrange favorable financing from a lender for the prospective buyer; often,this makes the difference between success and failure in closing a sale. In some cases, brokers and agents assume primary responsibility for cosing sales; in others,lawyers or lenders do - Real Estate Broker Jobs
Education and Qualifications
In every State and the District of Columbia, Real Estate Brokers and Sales Agents must be licensed. Prospective agents must be high school graduates, be at least 18 years old, and pass a written test administered by the State. Agents and brokers must be high school graduates. In fact, as real estate transactions have become more legally complex, many firms have turned to college graduates to fill positions. A large number of agents and brokers have some college training - Real Estate Broker Jobs
Earnings
The median annual wage for real estate brokers was $62,010 in May 2021. The median wage is the wage at which half the workers in an occupation earned more than that amount and half earned less. The lowest 10 percent earned less than $30,470, and the highest 10 percent earned more than $176,080.The median annual wage for real estate sales agents was $48,340 in May 2021. The lowest 10 percent earned less than $28,270, and the highest 10 percent earned more than $102,170.Brokers and sales agents earn most of their income from commissions on sales. The commission varies by the type of property and its value. Commissions often are divided among the buying agent, selling agent, brokers, and firms.The information source: Bureau of Labor Statistics at http://www.bls.org
Real Estate Broker Jobs for Your Marketing Career
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Real Estate Broker Jobs Related Resources
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Century21
Century 21 Real Estate LLC is the franchisor of the world’s largest residential real estate sales organization, with more than 7,800 independently owned and operated franchised Real Estate offices in over 67 countries and territories worldwide. For more than 30 years, |
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The National association of Realtors
The NATIONAL ASSOCIATION OF REALTORS® was founded as the National Association of Real Estate Exchanges on May 12, 1908, at the YMCA Auditorium in Chicago, Il. |
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Marcus & Millichap
Since 1971, Marcus & Millichap Real Estate Investment Services has been the premier provider of investment real estate brokerage services. The foundation of our investment sales is the depth of our local market knowledge. Our 40-year history of maintaining investor relationships in local markets enables us to be the best information source and transaction service provider nationally |
