If you commonly confuse a buyer's agent with a listing agent, real estate agent, or similar, here's the main difference - a buyer's agent is legally bound to help the buyer. These professionals are there to help you find the right property and deals, connect you with trusted partners, and help you negotiate terms and work through setbacks.
With a thorough understanding of real estate, purchasing agreements, and the local buyers and seller's market, you're going to be the front line for incoming homeowners. You'll need excellent communication and negotiation skills. The more connections you make, the better. Having answers for new and experienced homeowners will make you a great asset to have on their team throughout their journey.
While some employers will accept a high school diploma/GED as long as you have the proper certifications and experience, many are looking for a bachelor's degree. Whether it's in real estate, business, marketing, or a similar field, having a bachelor's degree will not only make you more appealing to prospective employers but possibly to clients as well.
Your hours will depend on your client base and the research you'll need to conduct. Your hours could range from four to ten hours each day, depending on if you're looking for homes, clients, or helping close a deal. On average, Buyer's Agents make about $76,000 per year, but this will fluctuate with the possibility of commissions and bonuses.
There is more than meets the eye when it comes to being a buyers' agent. For example, did you know that they make an average of $40.67 an hour? That's $84,585 a year!
Between 2018 and 2028, the career is expected to grow 7% and produce 32,400 job opportunities across the U.S.
There are certain skills that many buyers' agents have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed business skills, interpersonal skills and organizational skills.
When it comes to the most important skills required to be a buyers' agent, we found that a lot of resumes listed 30.9% of buyers' agents included real estate, while 19.2% of resumes included buying process, and 16.8% of resumes included buyers. Hard skills like these are helpful to have when it comes to performing essential job responsibilities.
When it comes to searching for a job, many search for a key term or phrase. Instead, it might be more helpful to search by industry, as you might be missing jobs that you never thought about in industries that you didn't even think offered positions related to the buyers' agent job title. But what industry to start with? Most buyers' agents actually find jobs in the real estate and hospitality industries.
If you're interested in becoming a buyers' agent, one of the first things to consider is how much education you need. We've determined that 51.1% of buyers' agents have a bachelor's degree. In terms of higher education levels, we found that 4.6% of buyers' agents have master's degrees. Even though most buyers' agents have a college degree, it's possible to become one with only a high school degree or GED.
Choosing the right major is always an important step when researching how to become a buyers' agent. When we researched the most common majors for a buyers' agent, we found that they most commonly earn bachelor's degree degrees or associate degree degrees. Other degrees that we often see on buyers' agent resumes include high school diploma degrees or license degrees.
You may find that experience in other jobs will help you become a buyers' agent. In fact, many buyers' agent jobs require experience in a role such as realtor. Meanwhile, many buyers' agents also have previous career experience in roles such as sales associate or customer service representative.