Real Estate Agent

    Finance, Banking & Insurance

    CIP Name: Real Estate Agent|CIP Code: 52.1501
    SOC Codes: 41-9021, 41-9022, 11-9141

    Develop, buy, sell, appraise, and manage real estate.

    $67K
    Median Salary
    +3.3%
    Job Growth
    6mo-1.5yr
    Training
    36.6K
    Jobs/Year

    What Real Estate Agents Do

    Develop, buy, sell, appraise, and manage real estate.

    Common Tasks

    Real Estate Brokers

    • 1Sell, for a fee, real estate owned by others.
    • 2Obtain agreements from property owners to place properties for sale with real estate firms.
    • 3Act as an intermediary in negotiations between buyers and sellers over property prices and settlement details and during the closing of sales.
    • 4Generate lists of properties for sale, their locations, descriptions, and available financing options, using computers.
    • 5Manage or operate real estate offices, handling associated business details.

    What You'll Learn

    land use development policyreal estate lawreal estate marketing proceduresagency managementbrokerageproperty inspection and appraisalreal estate investingleased and rental propertiescommercial real estateproperty management

    Types of Real Estate Agents

    BrokerBroker AssociateDesignated BrokerManaging BrokerReal Estate AssociateReal Estate BrokerReal Estate Sales AssociateRealtorReal Estate AgentReal Estate SalespersonRealtor AssociateSales AgentApartment ManagerCommunity Association ManagerCommunity ManagerLease Administration SupervisorLeasing ManagerOccupancy DirectorOn-Site ManagerProperty ManagerReal Estate ManagerResident Manager

    Work Environment

    Locations

    • • Real estate brokerages
    • • Property management offices
    • • Apartment and condominium communities
    • • Commercial real estate offices
    • • Client homes and property sites

    Schedule

    Schedules often include evenings and weekends and can vary week to week based on client needs, showings, and closing deadlines.

    Physical Demands

    Work is mostly sedentary with significant time sitting, phone/computer use, and driving between properties. Expect moderate walking and standing during showings, inspections, and site visits, with generally low heavy-lifting demands.

    Salary & Job Outlook

    Median $66,700
    $36,920$141,044+
    Entry Level
    10th percentile
    $36,920
    Early Career
    25th percentile
    $48,193
    Median
    50th percentile
    $66,700
    Experienced
    75th percentile
    $95,763
    Top Earners
    90th percentile
    $141,044+

    National Employment: 998,300 jobs

    Top Paying States

    Why Demand May Grow

    Population growth, household formation, and ongoing turnover in housing can keep demand steady for agents, brokers, and property managers. More rental and community-association properties also increases the need for professionals to manage budgets, maintenance, and compliance.

    Skills You'll Need

    Sales and lead generationNegotiation and persuasionKnowledge of real estate law and contractsMarket analysis and pricing strategyCustomer service and relationship buildingOrganization and time managementFinancial literacy (budgets, fees, commissions)Clear written and verbal communication

    Pros & Cons

    Pros

    • Potential for high earnings through commissions and bonuses
    • Varied work with frequent client interaction and site visits
    • Transferable business, sales, and negotiation skills
    • Opportunities to specialize (residential, commercial, property management)
    • Pathway to self-employment or brokerage ownership

    Cons

    • Income can be unpredictable and tied to market conditions
    • Evenings/weekends and last-minute schedule changes are common
    • High time pressure around offers, deadlines, and closings
    • Requires strong customer service with difficult negotiations at times
    • Licensing, fees, and ongoing continuing education may be required
    FAQ

    Common Questions About the Real Estate Agent Trade

    Not Sure This Trade is Right?

    Take our free career quiz to discover trades that match your interests and skills.

    Take the Career Quiz