Real Estate AgentPrint
People usually seek the help of REAL ESTATE AGENTS when buying or selling houses. Real estate agents have a thorough knowledge of the housing market in their community. Real estate agents are familiar with local zoning and tax laws, and know where to obtain financing for the purchase. Agents act as an intermediary in price negotiations between buyers and sellers. Real estate agents are usually independent sales workers who provide their services to a licensed broker 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.
Salary, Size & Growth
- $52,500 average per year ($25.25 per hour)
- A large occupation (195,000 workers in 2010)
- Expected to grow moderately (1.4% per year)
All states require REAL ESTATE AGENTS to be licensed. Prospective agents must be a high school graduate, at least 18 years old, and pass a written test. The examination includes questions on basic real estate transactions and laws affecting the sale of property. Most states require candidates for the general sales license to complete between 30 and 90 hours of classroom instruction. State licenses generally must be renewed every one or two years, usually without reexamination. Many states, however, require continuing education for license renewal. A large number of real estate agents have some college training. College courses in real estate, finance, business administration, statistics, economics, law, and English are helpful.