Should You Be a Real Estate Agent?

Be A Real Estate Agent

Employment information has become a very hot topic in the media in 2011 and the desire to be a real estate agent has started to grow nationwide as well. By analyzing trends and looking at the U.S. Department of Labor, Occupational Outlook Handbook, 2010-11 we can see that the interest by many to be a real estate agent is seeing an uptick. In fact according to the U.S. Department of Labor, the trends of employment of real estate brokers and agents nationwide is expected to grow faster then the usual growth rate of people looking to be a real estate agent in coming years. Of course, the last few years have been very hard on the industry, having many exit the industry between the years 2007 and 2010. Now, with this interest in people wanting to be a real estate agent has started to increase again they will be faced with the people who have “survived” the housing bust of the past few years. Many of those that are left are established, successful, and experienced agents. How will these new people wanting to be a real estate agent compete?

According to the US Department of Labor, Occupational Outlook Handbook, employment of real estate brokers and sales agents is expected to grow 14 percent during the 2008-18 decade, faster than average for all occupations. Home sales are already seeing an increase in most areas, and economists, NAR, and other researchers agree that home sales will continue to grow. Homeownership is still seen as a good investment, and as new first time home buyers, investors, and move up buyers enter back into the market will have a need for a real estate agent.

Technology has changed how real estate agents work. For those people looking at the opportunity to be a real estate agent it will be critical that new agents realize that the way prospective customers search for homes, or find a real estate agent has changed. That is why at Nextage Realty we are so aggressive with technology and ensure that all agents on our team nationwide are provided with the greatest technology. The choice to be real estate agent is exciting and with the right tools to help you be productive and to help you be visible to buyers and sellers will set you apart from the competition.

The U.S Department of Labor, Occupational Outlook handbook also says that in addition to job growth, a large number of job openings will arise from the need to replace workers who transfer to other occupations or leave the labor force. According to the U.S. Department of Labor, real estate brokers and sales agents are older and many are expected to leave the occupation over the next decade.

As we’ve seen over the last few years the desire for many to be a real estate agent is dependent on the economy. This recession has seen many real estate agents leave the industry, but as the market increases, the benefits of the industry and the desire to be a real estate agent will increase as volume of sales increase. Although becoming a real estate agent is relatively easy to get into, there are fairly complex legal and higher end technological advancements causing costs to maintain a real estate business more expensive and difficult.

At Nextage Realty we are committed to making these barriers as small as possible. If you are interested in exploring the opportunity and interested in looking at what it would take to be a real estate agent, you need to receive the best training, the best technology to ensure you have the best chance for success. If you are ambitious, enjoy people, and are connected well within your community going forward to be a real estate agent may be the best job for you.

Some of the data in this article was found:

Source: Bureau of Labor Statistics, U.S. Department of Labor, Occupational Outlook Handbook, 2010-11 Edition