Watch the 5 Minutes to College episode all about careers in real estate!
As the economy continues to be in flux, you’ve probably heard a lot about how the housing market is effected. As a real estate agent, you will not only use your knowledge of architecture and design, but you will also take note of a buyers interests, style, and perhaps most importantly, budget. If you are a jack-of-all-trades who is an excellent negotiator and salesperson then you might want to consider majoring in real estate.
Education
This major is typically earned at the associate’s level, however, a degree is not necessary as long as you earn your certification. In high school, it’s helpful to take courses such as economics, business, English and statistics. If you do decide to earn a degree, be prepared to take courses like real estate appraisal, finance, investments, law, and real estate principles and practices. To prepare for your certification and licensing, make sure you are well-versed on both commercial and residential forms or real estate and be up-to-date on real estate laws and economics.
What to know before you apply
As a real estate agent, you typically are not required to hold a degree. However, having general knowledge about law and economics is essential to being a successful real estate agent. Consider some related careers such as accounting, business or marketing if you’re interested in become a more well-rounded employee, even though this is not distinctly required.
Salary
Unfortunately, we cannot all be the Donald Trumps of the world. While investing in real estate can make a select few very rich, working in real estate comes at a very different price point. However, agents and brokers often make a very livable wage, especially if the market is in a boom. According to BLS.gov, real estate brokers earned an average of $41,990 per year as of 2012.
