A real estate sales associate specializes in helping the buyer select and purchases a property. He provides the necessary information they need and guides them through the legal and contractual aspects of the purchase or sale. He arranges showings and negotiates transactions. Similarly, he drafts sales agreements and oversees the transaction to closing. Also, he assists in setting the asking price, suggesting necessary repairs and renovations, and marketing and selling the house. Additionally, he provides clients with financial analysis and underwriting of real estate investments.
Having a college degree in real estate, business, finance, or a related field makes getting the job easier compared to a high school diploma. That said, you will need problem-solving, persuasion, time management, negotiation, communication, and presentation skills. You must be proficient in Microsoft Office and Multiple Listing Service (MLS). These experts make an average salary of $48,463 per annum. This varies from $24,000 to $96,000.
There is more than meets the eye when it comes to being a real estate sales associate. For example, did you know that they make an average of $46.46 an hour? That's $96,633 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 real estate sales associates 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 real estate sales associate, we found that a lot of resumes listed 40.9% of real estate sales associates included real estate, while 13.8% of resumes included open houses, and 8.4% of resumes included customer service. 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 real estate sales associate job title. But what industry to start with? Most real estate sales associates actually find jobs in the real estate and professional industries.
If you're interested in becoming a real estate sales associate, one of the first things to consider is how much education you need. We've determined that 60.1% of real estate sales associates have a bachelor's degree. In terms of higher education levels, we found that 8.9% of real estate sales associates have master's degrees. Even though most real estate sales associates 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 real estate sales associate. When we researched the most common majors for a real estate sales associate, we found that they most commonly earn bachelor's degree degrees or associate degree degrees. Other degrees that we often see on real estate sales associate resumes include master's degree degrees or doctoral degree degrees.
You may find that experience in other jobs will help you become a real estate sales associate. In fact, many real estate sales associate jobs require experience in a role such as administrative assistant. Meanwhile, many real estate sales associates also have previous career experience in roles such as sales associate or office manager.