If you're looking for a new career path in 2023, real estate may be for you! Despite the challenges of the past few years, the housing market is still going strong, and demand for real estate agents remains high. With the potential for flexible scheduling, the ability to earn a good income, and the opportunity to help people achieve their homeownership dreams, becoming a real estate agent can be a fulfilling and rewarding career choice. But is a profession in real estate right for you?
Are you looking for flexibility? Are you driven or self-motivated to succeed? Do you enjoy helping fulfill people's dreams?
If you answered yes to these questions, real estate may be the perfect career for you. Lucky for you, our VanEd programs offer the fastest and most effective way to become a real estate agent. Sign up for the online real estate license course for your state and begin your real estate journey today!
If You've Been Thinking About a Career in Real Estate, NOW Is the Time!
The next best time to start your career in real estate is NOW. Despite the current frenzied market conditions, there are still numerous compelling reasons to pursue a career in real estate. Not only is it an excellent opportunity to earn a decent income, but it also allows for flexible scheduling. Additionally, being a real estate agent is a fulfilling profession that can positively impact people's lives.
While the market's instability may be intimidating, it is imperative not to let it dissuade you from pursuing your dream. Markets are cyclical, and they will inevitably change. However, the skills and connections you cultivate throughout your career will continue to grow and flourish. If you are confident that real estate is the right career path for you, it is time to take the next step and move forward.
Here are some positive outlooks for the real estate industry:
- According to projections from analysts and global macro models at Trading Economics, in the third quarter of 2022, the homeownership rate in the US jumped to 66% from 65.80% in the second quarter. This is projected to reach 65.50% by the end of the first quarter of 2023.
According to Orchard real estate statistics:
- There are over 140 million homes in the United States, and as developers continue to add housing, expect that number to rise significantly in the coming years.
- The average nationwide home price is projected to reach $385,800 in 2023, which is a 0.3% increase over 2022.
- In 2022, the real estate and brokerage market reached $202.6 billion.
Where Do I Get a Job After I Complete My Real Estate Training?
There are many career opportunities open to you once you are licensed. A real estate license will be required to sell residential, commercial, and industrial properties. In some cases, property managers are also required to be licensed. Graduates will find that there are various companies and areas of expertise that await them.
How Much Can I Expect to Make as a Real Estate Agent?
The amount of money you can make as a real estate agent can vary widely depending on a variety of factors, such as your location, the current state of the real estate market, your level of experience and expertise, and the brokerage you work for.
Real estate agents who work part-time or only assist friends and family with occasional sales typically earn a lower income, contributing to the perception that the average real estate agent doesn't make much money. However, for full-time real estate agents, the potential for growth and income is virtually limitless.
So, what is the average real estate agent salary? On average, according to the U.S. Bureau of Labor Statistics, the median annual wage for real estate brokers was $62,010 in May 2021 and the median annual wage for real estate sales agents was $48,340 in May 2021. However, top-performing agents can earn significantly more, sometimes exceeding six figures or more per year.
Real estate agents typically work on a commission basis, which means that they earn a percentage of the total sale price of a property. The commission rate can vary, but it is typically around 5-6% of the sale price.
Ultimately, the amount of money you can make as a real estate agent is largely determined by your own efforts and the time and energy you are willing to invest in your career. Building a strong network, developing your skills and expertise, and staying up to date on market trends can all help you achieve greater success as a real estate agent.
How Do I Get Started?
Begin your real estate career today with VanEd Real Estate School! You can begin your journey in real estate today for free. VanEd offers a free 5-day trial on all our pre-license coursework. Once you have decided to purchase the coursework, we activate your account and ship all exam prep materials and books directly to you.
Real Estate Agent Essentials