Real estate sales agents are much like real estate brokers. In some states real estate agents are known as real estate brokers. Generally, a real estate broker oversees a real estates agent, also known as a sales agent. Real estate sales agents generally need to work with a real estate broker for a specific amount of time until they are eligible to become a real estate broker. Real estate brokers are generally licensed and might own their own real estate brokerage. Like real estate brokers, real estate sales agents sell real estate on a commission basis. They generally share a portion of their commission with the broker they work with. They are responsible for listing properties for sale, showing properties, completing forms, assessing property values, preparing fliers and most other duties real estate brokers would perform.
What Skills and Abilities Do Real Estate Sales Agents Need to Have?
Like real estate brokers, the ability to have a flexible schedule and the ability to use their own vehicle is necessary. Good communication skills are necessary, as well as good sales skills. Knowledge of basic office equipment and technology is needed. Knowledge of real estate laws should be possessed. Good written and verbal skills are also needed.
How Much Do Real Estate Sales Agents Make?
Statistics show that in May 2017 the average annual income was $59,630 for real estate sales agents.
In May 2016, the average annual income was $59,360.
What’s in Store for Real Estate Sales Agents?
According to statistics, a growth of 5.8 percent in employment for real estate sales agents was expected between 2016 and 2026.
How Many Real Estate Sales Agents are Self-Employed?
In 2016, 56 percent of real estate sales agents were self-employed, per statistics.
What Training or Experience Do Real Estate Agents Need?
Lengthy on-the-job-training can be expected. Normally agents, brokers and salespeople in real estate need to complete state approved training through a course provider, as well as pass a state test to be licensed.
By Kimberly Hodgkins
All written content has been contributed by Kimberly Hodgkins, Author of Careers That Pay Up To $150,000 Per Year With No Degree.
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1 U.S. Department of Labor, Bureau of Labor Statistics. Occupational Employment Statistics: Occupational Employment and Wages. Retrieved from (http://www.bls.gov/oes).
2 U.S. Department of Labor, Bureau of Labor Statistics. Occupational Employment Statistics: Occupational Employment and Wages. Retrieved from (http://www.bls.gov/data) Employment Projections.