Thinking about becoming a real estate agent? You’ll be in good company. Estimates from the Association of Real Estate License Law Officials (ARELLO) show that there are about two million active real estate licensees in the U.S. today. One reason so many people pursue a career as a real estate agent is the earnings potential: The median annual pay is about $46,000, according to 2017 data (the most current available) from the U.S. Bureau of Labor Statistics. For real estate brokers – who have additional education, testing and experience requirements – that figure jumps to nearly $57,000. Overall, the highest 10% of agents earned more than $109,490 in 2017, and some agents earn much more than that.
Of course, working as a real estate agent has other, non-financial benefits. It offers a great deal of versatility, and with different clients and different homes you won’t be doing the same thing every day. You may also get to be your own boss, meet and work with lots of people, and enjoy the satisfaction of helping them through one of life’s major milestones. Another perk: It’s easy to get into. Compared to other careers with similar earnings potential, getting your real estate license is a relatively quick and inexpensive process – and you don’t need a college degree.
Still, if you want to become a real estate agent, you’re looking at an up-front investment of money and time, both of which will vary depending on where you get your license. To give you an idea of what to expect, here are five steps to becoming a real estate agent.
Read more: 5 Steps to Becoming a Real Estate Agent | Investopedia https://www.investopedia.com/investing/steps-becoming-real-estate-agent/#ixzz5XJ92gVNo
Follow us: Investopedia on Facebook