When transitioning into the private sector, many veterans find that the valuable skills they picked up during their training don’t always get recognized in the job market or help when it comes to finding suitable careers for veterans. Fortunately, many of those same traits can actually help if you want to become a real estate agent. Continue reading
There is a direct correlation between a real estate agent’s salary and his or her experience. According to a recent survey conducted by the National Association of Realtors®, new real estate agent incomes were $40K lower than agents with more than 15 years of experience, averaging around $30K per year.
Meanwhile, as you are making less money on fewer transactions than your more seasoned competitors, you are likely working without any extras and benefits that other professionals have. According to the same NAR survey, just 5% of real estate agents receive health coverage from their brokerage and only 33% are provided with errors and omissions insurance. Continue reading
If you’re thinking about getting into real estate, you might find that real estate professionals’ titles can be somewhat confusing. Below is a cheat sheet for real estate career titles, along with a quick explanation of what you are responsible for within each position.
Note that each state regulates its own licensing requirements and titles, so you might find that they vary slightly from state-to-state, but in general you will find the following to be the most common real estate titles used: Continue reading
If you’re lucky, you come from a line of real estate agents in your family who have established a long track record of excellence in your service area, and selecting a brokerage firm is easy. However, if you are like most real estate agents today, before you can sell your first piece of property, you have to find a real estate brokerage firm that best suits your needs – a place to call home, if you will.
Choosing a broker is far more than a decision on where to hold your license. You’ll need to consider a number of components to ensure you’ve selected the right broker for your personal and financial goals.
Here we will walk you through the 5 things to consider when choosing a real estate broker or brokerage firm to work for. Continue reading