Real Estate: Definition, Types, How to Invest in It

Real estate brokers and sales agents must be able to work independently, managing their own time and organizing, planning, and prioritizing their work. Because of the sales environment and the complexity of real estate deals, new agents may observe and work closely with more senior agents. Larger real estate companies may provide formal classroom training for new agents as a way to gain knowledge and experience, while others provide training to employees studying for their real estate licensing exam. Real estate brokers and sales agents often find new clients through referrals.

  • This treaty paved the way for western expansion and made the U.S. the owners of the “Louisiana Territory” as the land was bought from France for fifteen million, making each acre roughly 4 cents.
  • A grant deed, also known as a special warranty deed, is a legal document used to transfer ownership of real property.
  • Real estate is different from personal property, which is not permanently attached to the land, such as vehicles, boats, jewelry, furniture, tools and the rolling stock of a farm.
  • Many operate a real estate office, handling business details and overseeing the work of sales agents.

For most profiles, this tab has a table with wages in the major industries employing the occupation. Insurance Sales Agents Insurance sales agents contact potential customers and sell one or more types of insurance. Occupation Job Duties ENTRY-LEVEL EDUCATION 2021 MEDIAN PAY Advertising Sales Agents Advertising sales agents sell advertising space to businesses and individuals.

Many real estate brokers and sales agents work more than 40 hours per week. They often work evenings and weekends to accommodate clients’ schedules. Many brokers and sales agents spend a significant amount of time networking and attending community events to meet potential clients. Although they frequently work irregular hours, many can set their own schedules. Explore resources for employment and wages by state and area for real estate brokers and sales agents.

Best Deal

Information on licensing requirements for real estate brokers and sales agents is available from most local real estate organizations and from the state real estate commission or board. This table shows a list of occupations with job duties that are similar to those of real estate brokers and sales agents. Strong interpersonal skills are essential for real estate brokers and sales agents, because they spend much of their time interacting with clients and customers. To attract and keep clients, they must be pleasant, enthusiastic, and trustworthy. As independent businesspeople, brokers often sell real estate owned by others. In addition to helping clients buy and sell properties, they may help rent or manage properties for a fee.

Wholesale and Manufacturing Sales Representatives Wholesale and manufacturing sales representatives sell goods for wholesalers or manufacturers to businesses, government agencies, and other organizations. Sales Engineers Sales engineers sell complex scientific and technological products or services to businesses. Brokers intending to open their own company often take business courses, such as marketing and accounting.

Occupational employment projections are developed for all states by Labor Market Information or individual state Employment Projections offices. All state projections data are available at Information on this site allows projected employment growth for an occupation to be compared among states or to be compared within one state. In addition, states may produce projections for areas; there are links to each state’s websites where these data may be retrieved.

Retail Space

If you think you’ve been discriminated against based on race, religion, sex, marital status, use of public assistance, national origin, disability, or age, there are steps you can take. It differs from personal property, which is not permanently attached to the land, such as vehicles, boats, jewelry, furniture, and farm equipment. Trading a co-op for a single-family house in a different neighborhood solved the problems of a growing brood.