At some point in your life, you would likely enlist the services of a realtor to help you acquire your dream home. However, the job of a realtor is a little more complicated than it seems. To illustrate, they are not only in charge of helping you find potential houses, but they are also responsible for communicating with sellers, taking care of the paperwork, coordinating with service providers (home inspectors, contractors, insurance agents, etc.), and maintaining accurate records.
Furthermore, a realtor will be the one to conduct tours of potential homes, helping clients find the best one that fits their needs, particularly when it comes to their budget.
If this sounds like a career that you want to pursue, you would have to pass a licensing exam, activate your real estate agent license, and become a member of the National Association of Realtors (NAR). Although the titles of a real estate agent and a realtor are generally the same, you can add to your credibility by joining the NAR.
In terms of salary, the average realtor makes around $36,000 a year. Beyond that, they earn more in commissions from every sale, which averages at 6% of the total sale price.
There is more than meets the eye when it comes to being a Realtor. For example, did you know that they make an average of $16.77 an hour? That's $34,883 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 Realtors 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, Problem-solving skills and Interpersonal skills.
If you're interested in becoming a Realtor, one of the first things to consider is how much education you need. We've determined that 59.7% of Realtors have a bachelor's degree. In terms of higher education levels, we found that 7.5% of Realtors have master's degrees. Even though most Realtors 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 Realtor. When we researched the most common majors for a Realtor, we found that they most commonly earn Bachelor's Degree degrees or Associate Degree degrees. Other degrees that we often see on Realtor resumes include Master's Degree degrees or High School Diploma degrees.
You may find that experience in other jobs will help you become a Realtor. In fact, many Realtor jobs require experience in a role such as Administrative Assistant. Meanwhile, many Realtors also have previous career experience in roles such as Office Manager or Sales Associate.