A career in real estate can be exciting and rewarding. The first step to success begins with education. A good real estate school will prepare you on the laws of agency, which explains who you work for and the basic understanding of the business. Additionally, real estate agents must work alongside a licensed broker, usually providing services on a contract basis in return for a portion of the commission earned from the sale. Choosing a reputable real estate school can also influence broker’s interest in you.
Many are attracted to this field because of the flexible work schedule and their desire to have an unlimited earning potential. The question is how do you determine if a career in real estate right for you? Take the quiz.
Real estate was recently named one of the best business jobs and has a 12% projected job growth by 2020. Ranked high in job satisfaction, real estate offers you an opportunity to meld flexible hours, an entrepreneurial spirit and the satisfaction of helping others.
What is my Earning Potential?
According to the Labor Department, the median annual salary for a real estate agent was $40,030 in 2010. The best-paid 10 percent made around $95,220, while the lowest-paid earned roughly $20,460 that year.
All real estate agents must be licensed and work under a licensed broker. To obtain the license, prospective agents must be 18 years or older, take the required courses and pass a written state exam. Although it isn’t necessary, a college or graduate degree can help prospective agents get ahead in the profession.
As you gain experience, agents will encounter many opportunities to advance within a firm, or they can earn a brokerage license and start their own business. The standard work week is 40 hours, although many real estate agents work longer weeks, and evening and weekend hours are common. However, real estate agents often have the opportunity to determine their own work schedules. This isn’t a typical office job: While agents will have to research properties and file paperwork, many aspects of the job—like analyzing and showing properties, meeting with clients, and researching the real estate market—take place away from the desk.
Offering a timely curriculum and instructors with real world experience, the Real Estate School at SABOR is your best place to launch a successful real estate career. The official real estate school of the San Antonio Board of REALTORS® is one of the oldest and most sought-after real estate pre-licensing schools in the state — with class times and a location convenient to you. It provides all the classes you require to fulfill and prepare for the licensing requirement tests and TREC examination.