Finding an apartment in your favorite town within your resources is not as easy as it may seem. However, there are some professionals who can help you.
What do Realtors Do?
Also known as real estate brokers and sales agents, realtors help clients find a home that meets their accommodation needs. Here are some of the things that these professionals do:
Advise clients on prices, mortgages, market conditions, and related information
Solicit potential clients to buy, sell, and rent properties
Generate lists of properties for sale
Take prospective buyers or renters to see properties
Mediate negotiations between the buyer and seller
Promote properties through advertisements
Prepare paperwork, such as purchase agreements, and deeds
Because of the complexity of buying or selling of properties, people often seek help from realtors who can guide them in making the right decisions.
Realtor - The Happiest Job
If you are thinking about a career and want one that would make you happy too, you must know that the happiest employees of all are not the commonly thought veterinarians or kindergarten teachers. In fact, they are realtors. These professionals were ranked on top as the happiest by Forbes in 2012. Being a realtor means enjoying what you do, and sharing a positive relationship with your peers and also benefiting from growth and a decent income. In other words, high Commissions equal to happy times!
How to Become a Realtor
Becoming a realtor does not necessarily require a college degree. Many real estate brokers and sales agents just hold a high school diploma. However pursuing undergraduate programs or certificates in property management, real estate and related fields can be useful to acquire the necessary skills to enter this field.
You can work toward an associate or bachelor’s program offered at colleges and universities. These programs will help you study a variety of courses ranging from finance to economics and business administration.
Licenses and Certifications
You must obtain a license in order to work as a realtor. The requirements for licensing vary by state, but mostly you need to:
be at least 18 years old
complete real estate courses
clear the exam
go through background checks
Business Skills. Aspiring realtors must have good business skills as many of them are self-employed and need to manage their own businesses, handling their finances, and advertising their services.
Interpersonal Skills. As this work involves dealing with lots of people, realtors must possessstrong interpersonal skills. The better you can deal with people the more successful you will be in your profession.
Problem-Solving Skills. Realtors should also be able to manage issues and address concerns of clients or potential customers regarding properties.
Realtors need to participate in continuing education programs in order to renew their licenses every 2 to 4 years. Going through continuing education programs will also help you stay informed about the developments and changes in the field.
How Much Can You Make?
According to O* Net Online, the median annual wage for realtors was $39,800 in 2013. These professionals earn most of their income from commissions on sales. The commission varies by the type of property and its value.
What Are The Working Conditions?
As a realtor, you may have to work over 40 hours a week. You may often have to work evenings and weekends to accommodate clients' schedules. Besides, you will be required to spend time networking and attending community events to meet potential clients. You may choose to work part time in case you wish to pursue another job.
While some realtors work in a typical office environment, others may telecommute and work out of their homes. It means you will have to spend lot of time away from your desks meeting with prospective clients, showing properties to customers and traveling to inspect properties for sale.
It means you need to deal with people, lots of people and then some more people.
What Is The Career Outlook?
Deciding upon a field such as real estate can be a suitable option as employment prospects for this profession looks bright. According to the Bureau of Labor Statistics, employment for realtors is expected to grow 11% from 2012 to 2022, about as fast as the average for all occupations.
What Are The Factors That Will Lead To An Increased Demand For Realtors?
There are a number of factors that have spurred the demand for realtors:
Where Can You Work?
People are increasingly using the services of realtors when purchasing homes
Real estate is perceived as a good long-term investment so many people want to own their homes, which in turn will result in an increased demand for realtors
An improving job market and rising consumer spending will also drive demand for these professionals
Population growth and relocation will also continue to fuel the need for new realtors
According to the Bureau of Labor Statistics, in 2012, there were about 422,000 job openings. Half of these professionals were self-employed while the other half worked in:
To Be A Realtor Or Not To Be A Realtor, That Is The Question…
Other real estate establishments
According to The Chicago Tribune, realtor can be a suitable profession for result oriented individuals. These professionals love to connect with others and help them buy and sell their single largest asset. It means that if you are somewhat shy and retiring, this perhaps in not where you would like to land.
Real estate is a 24/7/365 business. You should explore this career if you have stress management and organizational skills as you can be expected to spend a chunk of your week working, and working hard. Your client may give you a call and tell you to show him property at 7 p.m. So you should consider being a realtor if you do not mind working long hours (after all you will get your reward!)
Take the Plunge!
Hanging around with people from all walks of life, understanding their needs and helping them reach the right decision can be both fun and rewarding. A career in real estate can be exciting and challenging too. If you are smart enough you can certainly enjoy this profession, make money and be content helping people realize their dreams of having a piece of their own personal heaven.