Copyright
 

Real Estate Agent Careers

Real Estate Agent Careers Transcript

Real estate agents are salespeople who help others buy and sell houses. Real estate agents work closely with real estate brokers, appraisers and assessors. Real estate brokers are licensed to negotiate and arrange real estate transactions, manage real estate offices and hire real estate agents. Real estate appraisers and assessors are qualified to estimate the value of real property to determine a sales price or mortgage amount or to assess property taxes.

Description

Buying or selling a home or investment property is a complicated legal transaction involving a large amount of money. Most people seek the help of a real estate agent to guide them through the process.

Introduction

Real estate agents are salespeople who promote and facilitate the sales of homes and real estate properties. They work under the supervision of real estate brokers, who are the individuals licensed to actually negotiate and arrange the real estate transactions. In all U.S. states, real estate agents must complete classroom instruction and pass a written examination to become licensed.

Job Skills and Duties

Successful real estate agents are typically very enthusiastic and friendly people who present a neat and respectable appearance and have a good memory for faces and names. To build confidence in potential customers agents must be organized, pay attention to buyer and seller needs, and be very eager to meet with potential buyers to show them various properties. Real estate agents usually choose to specialize in residential, commercial, industrial or agricultural properties and become knowledgeable about the real estate laws, zoning and taxes that apply to their field.

Residential real estate agents are experts on their local housing markets and familiar with the different neighborhoods in their community. This knowledge will help them guide customers to houses that are likely to meet their needs and be within their budget. They also help potential home sellers find buyers who are interested in their properties. Agents use computer databases to locate potential properties and to list properties that are for sale.

When both the buyer and seller have signed a contract on a home the agent and broker act as intermediaries between the buyers and the sellers, making sure that all legal and procedural details are in order before the closing date. Agents and brokers also work with real estate appraisers and assessors, individuals who are licensed to make estimates of the value of real property. Appraisals can be used to justify a sales price, determine the amount of mortgage needed, set a liquidation value, or to assess property taxes. In return for selling a house, both the agent for the buyer and the agent for the seller get to keep a small negotiated percentage of the purchase price, called the commission.

Training Required

Real estate agents and real estate brokers must be licensed to work in each state. Both must attend a classroom training program, usually between 30 and 90 hours of instruction for agents and 60 and 90 hours for brokers, and pass a written examination. Brokers must also have several years of work experience. Many larger real estate offices offer agent training programs, as do community colleges and some universities. Associate's and bachelor's degree in Real Estate are available at some colleges, but are not required for agent or broker licensing.

Training requirements for real estate appraisers vary by state, type of property and amount of loan. Several options for licensing are available. All states require a combination of classroom instruction, written examination and on-the-job training.

Conclusion

Real estate agents, brokers and appraisers play important roles in home and real property transactions. Their knowledge, experience and advice continue to be valuable to both buyers and sellers.

Sources

http://www.bls.gov/oco/ocos120.htm

http://www.bls.gov/oco/ocos300.htm

Real Estate Agent Careers Related Articles

Schools you may like:

Popular Schools

The listings below may include sponsored content but are popular choices among our users.

    • BA: Criminal Justice
    • BA: Criminal Justice - Criminalistics
    • BA: Liberal Studies
    • BA: Psychology
    • BA: Psychology - General
    • BS: Computer Science
    • AA: Criminal Justice
    • AA: Liberal Arts
    • AA: Business Administration
    • AA: Information Technology
    • AA: Cybersecurity

    What is your highest level of education completed?

    • MA in Communication
    • Master of Liberal Arts
    • MA in Science Writing
    • MS in Applied Economics
    • MS in Geographic Information Systems
    • MS in Bioinformatics

    What is your highest level of education?

    • Master of Science in Nursing - Doctor of Nursing Practice Path, Executive Leader Specialization
    • Doctor of Nursing Practice
    • Master of Science in Nursing - Doctor of Nursing Practice Path
    • MS in Psychology - Forensic Psychology
    • Master of Science in Legal Studies
    • MS in Psychology
    • MBA
    • Master of Public Health
    • MBA - Human Resources
    • BS in Liberal Studies
    • BS in Business Administration
    • Bachelor of Science in Business Administration, Investment Career Focus Area
    • BS in Liberal Studies Leadership
    • BS in Nutrition Science
    • BSFIN in Accelerated MS Finance
    • AAS in Business Administration - Business
    • AAS in Legal Support and Services
    • AAS in Business Administration
    • AAS in Business Administration - Food & Hotel Management
    • AAS in Business Admin-Office Management
    • AAS in Criminal Justice
    • Medical Office Administration Certificate
    • Human Services Certificates in Child and Family Services
    • Graduate Certificate in Addictions
    • Graduate Certificate in Industrial/Organizational Psychology
    • Adult Gerontology Acute Care Nurse Practitioner Certificate
    • Pathway to Paralegal Postbaccalaureate Certificate

    What is your highest level of education completed?

  • What is your highest level of education?

    • Master of Science in Finance
    • Masters of Professional Studies in Technology Management
    • Master of Professional Studies in Real Estate

    What is your highest level of education completed?

    • Doctor of Business Administration - Management
    • Doctor of Nursing Practice (DNP)
    • EdD in Organizational Leadership - Health Care Administration
    • EdD in Organizational Leadership - Special Education
    • Ph.D. in General Psychology - Cognition and Instruction
    • Ph.D. in General Psychology - Industrial and Organizational Psychology
    • M.S. Psychology with an Emphasis in Gerontology
    • M.S. in Psychology with an Emphasis in Human Factors
    • MA in Curriculum and Instruction
    • MS in Criminal Justice: Legal Studies
    • MS in Psychology: General Psychology
    • M.A. in Communication with an Emphasis in Education
    • Bachelor of Science in Business for Secondary Education
    • BS in Psychology
    • B.S. in Psychology with an Emphasis in Performance and Sports Psychology
    • Bachelor of Science in Elementary Education
    • BS in Early Childhood
    • BS in Elementary Education / Special Education (Dual Major)

    What is your highest level of education?

    • MSHS Medical Laboratory Sciences
    • MSHS in Immunohematology and Biotechnology
    • MSHS in Molecular Diagnostic Sciences
    • MSHS in Translational Microbiology
    • MA in Education and Human Development in Secondary Special Education and Transition Services
    • MA in Education and Human Development in Special Education for Culturally and Linguistically Diverse Learners
    • BSHS in Clinical Operations and Healthcare Management
    • BSHS in Medical Laboratory Sciences
    • BSHS in Biomedical Informatics

    What is your highest level of education?

    • Doctor of Strategic Leadership - Healthcare Leadership
    • Ph.D. in Organizational Leadership
    • Ph.D. in Organizational Leadership - Ecclesial Leadership
    • Ph.D. in Organizational Leadership - Entrepreneurial Leadership
    • Ph.D. in Organizational Leadership - Individualized
    • Doctor of Strategic Leadership - Entrepreneurial Leadership
    • Master of Arts in Communication
    • Master of Arts in Communication - Political Communication
    • Master of Arts in Communication - Strategic Communication
    • Master of Arts in Government - Political Communication
    • Master of Arts in Journalism
    • Master of Arts in Law - Business
    • Bachelor of Applied Science in Criminal Justice
    • Bachelor of Arts in Communication Studies
    • Bachelor of Arts in Communication Studies - Journalism
    • Bachelor of Arts in Communication Studies - Rhetoric and Public Culture
    • Bachelor of Arts in Communication Studies - Strategic Communication
    • Bachelor of Arts in English - Communication

    What is your highest level of education completed?

  • What is your highest level of education?

    • MBA in Healthcare Management
    • MBA in Accounting
    • MBA in Human Resources
    • MBA in International Business
    • MBA in Operations Management
    • Master of Accountancy

    What is your highest level of education?

Find your perfect school

What is your highest level of education?