3 Reasons There Will Always Be a Need for Real Estate Agents
There are many reasons to get yourself qualified and become a real estate agent. Real estate agent courses are short and inexpensive and there are low barriers of entry into the market, making it a popular option for those looking for a career change or starting out at a young age. If you work hard and you’re responsible, salaries are also very good and quite competitive with other lines of work specially for AU Real Estate market. As you read below you will see there should always be a need for real estate agents.
Some agents get high commission based on a percentage of the sale price. That’s really a lucrative career for any freshers to start in real estate. One of the other benefits is the fact that these services will be sought after for the foreseeable future. Let’s take a look at a few of the reasons why this is the case.
There’s Nearly Always Demand
While there’s no doubt that property prices will move around according to the movements of the economy, the number of properties being sold worldwide is quite stable, making real estate one of the more predictable markets. Agents fees and commissions are the least understood factors relating real estate market. For US real estate market, agents charge commission that varies for state, metro and regional areas. Usually, lawyers are involved in the transection process and extract and distribute the commission according to the deal.
Generally, lower property prices will cut into the profit margin of real estate agent businesses, but even when times are tough, a proportion of the population will be looking to sell off and liquidate assets. By the same token, opportunistic property investors will be eager to buy when prices are lower, meaning real estate services are still highly sought after.
The Job Simply Can’t Be Done by A Seller
When you consider the work that is required in order to put a property up for sale, market and advertise said property, attract potential buyers, negotiate the sale and ensure all the legal formalities are met, you can see why real estate agents exist. Here presenting a table showing how agent or broker are outnumbering FSBOs’ in last 10 years.
|Sold by Agent||85%||84%||85%||88%||87%||88%||88%||88%||89%||89%|
Info Source: National Association Of Realtors
But in addition to this, the fact remains that being a separate party that is not either looking to buy or sell a property for themselves, enables the real estate agent to step back, look at the needs of both sides and negotiate a deal that would be much more difficult to make if the buyer and seller were dealing with each other directly.
Skills Are Applicable In Other Industries
Real estate agents develop an ability to read and predict the movements of the market, which is a valuable skill that can be used in other industries. But there are a number of other skills that are picked up along the way. A real estate agent requires that one have the ability to sell, manage and offer advice to clients. It can take weeks, months or sometime years to sell. Holding upon houses and working relentlessly is the key of success for real estate market worldwide.
It is a position in which you must have good interpersonal skills, which transfer across to a multitude of other industries. Experience in the real estate industry is valuable and enables agents to change careers quite easily if need be. There will always be a need for keen and able negotiators when it comes to selling just about anything, so real estate agent skill will always be in demand.
If you’re thinking about getting yourself qualified, speak to REET (Real Estate Education & Training) today about our range of affordable real estate agent courses.
I’d like to thank our special guest Tony Hamilton for today’s post. Please give the article a good read and check out more information at Tony’s website.
Author Bio: Tony Hamilton, a real estate trainer at http://www.reet.net.au/. Where he provides real estate and property management training courses at NSW, Australia. Have long years of expertise and insights about real estate and property management. He is working as a licensed Real Estate Agent for 25 years.
Has Certificate IV in Training and Assessment. In addition, he has the local know-how to help making the best possible decision for the real estate market. He is the Chief Executive Officer of Online Consultancy & Investments, Registered Training Organisation 91242. These are our social media links