A career as a real estate agent is one of the highest paid and most lucrative professions in the real estate industry. On average, experienced brokers take home a six-figure salary. View job openings with matching years of experience on Indeed. This is an exciting time for both buyers and sellers, and they look to the real estate agent as the expert to help them through the process with attentive care.
If you've been thinking about a new career or starting a side business to earn extra money, you've probably thought about becoming a real estate agent. Although most people think of real estate agents when talking about earning potential in the property field, there are many other jobs that can earn you a good income. The amount of money an agent can expect to earn depends on their location and the property market in that area. We have outlined the pros and cons of a career in real estate, including real estate agent income, hours, career prospects, leadership opportunities and much more.
On the other hand, technology allows agents to market and conduct business on their social media platforms. Real estate agents liaise with clients, lawyers and other real estate professionals to negotiate the sale and rental of residential or commercial properties. Many jobs in real estate require licensing, such as real estate agent licensing, continuing education or other certifications or qualifications. Some sales agents get 2.5 the purchase price of the contract and offer the same to buyers' agents, but it varies.
Before you invest a significant amount of time and money in a real estate agent course, you could take an introductory course on Udemy about selling or investing in real estate. You are likely to have an induction into the business, which may last a week or two, and will give you an insight into the workings of the business and the legislation associated with estate agency work. Plan for annual real estate association and board dues, as well as membership fees to join the local Multiple Listing Service (MLS). NAEA Propertymark, the UK's leading professional body for estate agents, offers a range of short training and qualification courses for those working in England, Wales and Northern Ireland.
Estate agents are paid on a commission basis, which means that they will be paid each time they help a client buy or sell a property, rather than a weekly salary.