A career as a real estate agent offers a lot of opportunity for ambitious individuals who are motivated and who have both the social skills and the business acumen required to close deals. The job requires a strong work ethic and a willingness to work with others; it can be tremendously rewarding to individuals with the right qualities. Here are some of the many benefits that you can get from a career as a real estate agent:
The Satisfaction That Comes From Doing an Important Job
The first and most important thing to realize about being a real estate agent is that the stakes are high. A home is the most expensive purchase most people ever make and you will be entrusted with selling it to them. You will inform your client about neighborhoods,
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What it even more exciting is the fact that the rewards do not stop with one sale. Homeowners often resell their homes and good service with the initial sale can bring them right back to you. This is one of the few industries where good will from past clients can bring you benefits over and over again. There are not a lot of business opportunities aside from real estate that allow you to be successful based solely on the quality of the service that you provide to …show more content…
As such, you get to set your own hours and find your own clients. You alone will determine your marketing methods, which means that you get to be in charge of the growth of your business. When it comes to growth in the real estate business, there are relatively few limits. Your business can be as large as you can make it. You can add as many assistants as you need or even get a brokerage license and start a brokerage. A good work ethic can bring sizable rewards. Your success comes down to how well you market your brand and the business skills you have developed.
The Real Estate Market Never Goes Away
While real estate is like any other industry in that it undergoes ebbs and flows, it never goes away. Sales may fall but sales rarely ever stop completely. Historically speaking, there have always been homeowners wanting to sell and prospective buyers seeking to buy. This has held true even in the deepest economic slumps. The rule that keeps real estate agents going even in trying times is this: people always want homes.
It is a Social
The housing market is very unique as unlike other goods and services, houses have permanence, it is a fixed location good causing the rules of supply and demand to be taken to new extremes. In the case of the Toronto housing market we can view in almost real time the role supply and demand play on he ever increasing house prices, additionally the fundamental economic issue of scarcity is made extremely apparent by the limited size of the city of Toronto.
“The housing market will get worse before it gets better” –James Wilson. The collapse of the United States housing market in in 2008 was one of the most devastating moments for the world economy. The United Sates being arguably the most important and powerful nation in the world really brought everyone down with this event. Canada was very lucky, thanks to good planning and proper preventatives to avoid what happened to the United States. There were many precursor events that occurred that showed a distinct path that led to the collapse of the housing market. People were buying house way out of their range because of low interest rates, the banks seemingly easily giving out massive loans and banks betting against the housing market. There were
Although the study concentrated on the behaviors of clients' influence in Nigeria, the USA and New Zealand were a part of the experience. The findings from the behavioral experiments used in the survey may or may not be a reality of what is happening in the real world of real estate—as noted by the authors; however, the findings could serve as a framework for improving the way the surveyors and valuers conduct business. Real estate is a lucrative business, and measures should be taken to ensure that customers are receiving accurate information regarding the values of properties. This behavior affects personal and business transactions, especially when companies and or people are willing to invest in communities by renovating existing properties and building new homes or facilities. It is difficult for businesses that are contemplating providing consultation services on real estate renovations, recycling issues if the valuation information is skewed.
Demographic factors – if there is an increase in the birth rate, average life expectancy, immigration, and number of divorces there will be an increase in the demand for house purchases as there is a higher proportion of people in the population that
"Real Estate Agents and Brokers." Encyclopedia of Careers and Vocational Guidance. 15th ed. Vol. 5. Chicago: Ferguson's, 2010. 235-44. Print. Ferguson's.
Such as needing a license, the time and energy you need to become the best Broker possible. The guaranty of always having a job, within a matter of years becoming your own boos by starting your own company,and what you will earn in return for making peoples lives a whole lot better. The things I already know about Real Estate are as follows. I know that you will never lose your job. The reason why you will never lose your job is because people are always trying to buy a house or sell a house,or a piece of their property etc..
All good things must come to and end. In late 2005, the housing bubble burst, and housing began to decline in price. People who refinanced, particularly those who financed with variable interest rates suddenly found their homes were valued at much less. The housing market became flooded with homes for sale, because the homeowners with variable rates and interest only loans could not continue to make their payments. (Greenspan) The rise in the number of homes for sale caused further lowering of home values.
Even a person like me who has no experience in the housing-market and limited knowledge of the economy is able to tell something somewhere is wrong. When in 2001 my parents purchased a brand new house in the western sydney suburbs for around $340,000-dollars. The expected value now in 15-years is estimated to be just under a million-dollars, three-times its original value. However by looking at the ABS-reports you can see the average wage in NSW has almost doubled-since-2001. This must mean that home buyers are allocating more of their money than ever before towards buying a house.
The first step to buying your home is assessing your financial situation. A person must evaluate how much exactly they can afford and borrow. Most people hire a real estate agent to find a home. A real estate agent can help in finding different homes that suit the person’s needs. At the Department of Housing and Urban Development’s website, “You'll want to start searching for a broker as soon as you decide to buy a home. Talk to several and find someone you think you'll be comfortable working closely with”(1) Having a wide range of options is always helpful. An agent can also help in negotiating the price, and showing what the potential buyer needs after finding a home. A buyer might also need the services of a lawyer, a loan officer, insurance agents, and an accountant. In all purchasing your own home is a daunting task if you plan on doing it alone.
Entry into the real estate industry is almost free (Goolsbee, 2005, Online) and there are many agencies that operate within the industry. The products sold by real estate agencies are not homogenous products (Coiacetto, 2006, Online). Each product is as unique as the next, in terms of its location, features, building and financing.
This career is also incredibly rewarding because you get to see and experience your work. You can see its progress and how it looks once it is finished and then even after that you can still experience it and see how other people react to your building or the place that you have designed. Only after seeing how other people interact with your building will you know if it is a success or not which is like no other profession. Lots of professions are very instantaneous, did you save someone, did you teach properly or have you added correctly but architecture is something that lives on even after you are gone. It is something that can immortalise a person which is incredibly poetic.
what you can help them achieve. You will also encounter those clients that are there
Introduction Real estate is a fixed, tangible and immovable asset in the form of houses or commercial property (Seldin & Richard 1985). Real estate market involves developing, renting, selling/purchasing and renovating of these assets (houses). Market participants include developers (contractors, engineers, and so on), facilitators (mortgage companies, real estate brokers, banks, management agents and so on), owners, renters (leasers) and renovators (Seldin & Richard 1985). Like other economic markets, real estate markets have internal and external forces that impact the market (Seldin & Richard 1985). Demand and supply forces have the major impact on the industry as they determine growth or decline in the market (Seldin & Richard 1985).
Consulting the community will be a two way interaction where the intentions are to make the people well informed and understand about the development plan. Other than that, is to receive feedback and getting rough ideas on what the thing that the community really want to see in their neighbourhood. This stage is also important in advising the people that their input will influenced the decision making process at the end. Rather than the usual meeting where everyone sit behind the tab...
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