Real Estate Brokers and Sales Agents : Occupational Outlook Handbook: : U S. Bureau of Labor Statistics

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  • 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.
  • The What They Do tab describes the typical duties and responsibilities of workers in the occupation, including what tools and equipment they use and how closely they are supervised.
  • The Occupational Employment and Wage Statistics program produces employment and wage estimates annually for over 800 occupations.
  • However, the market is now only back to its 2019 price level, and still 25% below its 2014 peak.
  • There will be a continued demand for real estate brokers and sales agents because people turn to these workers when looking for a new home, relocating, or purchasing property for a business, among other reasons.

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Real estate brokers and sales agents show properties to prospective buyers. Sales agents often work for brokers on a contract basis, earning a portion of the commission from each property they sell. Each of these indicators tells a slightly different story about the health of the homebuilding industry. For example, it would take a toll on home sales if home sales were steady, but housing starts were to decline.

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About the Arizona Department of Real Estate

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.