Median Annual Wage: $40,990
Education: High school diploma or equivalent (32%); Less than high school diploma (29%); Post-secondary certificate (18%)
Projected Growth: Average (8% to 14%)
Related Job Titles: Sales Agent; Real Estate Broker; Associate Broker; Realtor; Broker Associate; Real Estate Agent; Real Estate Broker Associate; Broker in Charge; Real Estate Salesperson
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Source: O*NET OnLine information for Real Estate Sales Agents.
More Sales and Related Careers
- Act as an intermediary in negotiations between buyers and sellers, generally representing one or the other.
- Compare a property with similar properties that have recently sold to determine its competitive market price.
- Advise clients on market conditions, prices, mortgages, legal requirements and related matters.
- Promote sales of properties through advertisements, open houses, and participation in multiple listing services.
- Accompany buyers during visits to and inspections of property, advising them on the suitability and value of the homes they are visiting.
- Prepare documents such as representation contracts, purchase agreements, closing statements, deeds and leases.
- Confer with escrow companies, lenders, home inspectors, and pest control operators to ensure that terms and conditions of purchase agreements are met before closing dates.
- Interview clients to determine what kinds of properties they are seeking.
- Coordinate property closings, overseeing signing of documents and disbursement of funds.
- Generate lists of properties that are compatible with buyers' needs and financial resources.
- Arrange for title searches to determine whether clients have clear property titles.
- Display commercial, industrial, agricultural, and residential properties to clients and explain their features.
- Contact property owners and advertise services to solicit property sales listings.
- Review property listings, trade journals, and relevant literature, and attend conventions, seminars, and staff and association meetings to remain knowledgeable about real estate markets.
- Coordinate appointments to show homes to prospective buyers.
- Answer clients' questions regarding construction work, financing, maintenance, repairs, and appraisals.
- Advise sellers on how to make homes more appealing to potential buyers.
- Investigate clients' financial and credit status to determine eligibility for financing.
- Develop networks of attorneys, mortgage lenders, and contractors to whom clients may be referred.
- Inspect condition of premises, and arrange for necessary maintenance or notify owners of maintenance needs.
- Conduct seminars and training sessions for sales agents to improve sales techniques.
- Evaluate mortgage options to help clients obtain financing at the best prevailing rates and terms.
- Arrange meetings between buyers and sellers when details of transactions need to be negotiated.
Source: O*NET OnLine information for Real Estate Sales Agents.
- Negotiation - Bringing others together and trying to reconcile differences.
- Active Listening - Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.
- Speaking - Talking to others to convey information effectively.
- Coordination - Adjusting actions in relation to others' actions.
- Social Perceptiveness - Being aware of others' reactions and understanding why they react as they do.
- Service Orientation - Actively looking for ways to help people.
- Critical Thinking - Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
- Time Management - Managing one's own time and the time of others.
- Reading Comprehension - Understanding written sentences and paragraphs in work related documents.
Source: O*NET OnLine information for Real Estate Sales Agents.