- Working in real estate can be very financially rewarding, if you are a talented salesperson and work for the right brokerage. This page is a guide on how to find jobs as a real estate agent or salesperson. Keep in mind that you need a real estate license to practice as a real estate agent or salesperson. For more information, visit Mahalo's guide on How to Become a Real Estate Agent.
Step 1: Employee or Contractor
- Before starting to look for a job in real estate, consider if you want to freelance or work as an employee.
- Most real estate agents are independent contractors who work for a brokerage. This gives you much freedom and flexibility but also mean that you will have to pay for most work-related costs yourself. In return, you can receive significant payoff when a property sells.
- Real estate agents who are employed typically receive at least some of their income in commission.
- If you want to work as an independent contractor, remember that you are required to work for a broker in order to be a real estate agent, unless you apply for a broker license yourself.
- Are you considering becoming a real estate broker and building your own company? In many states, you will need a few years of experience before you can apply for a broker's license (called qualified broker in states where all sales agents are called brokers). Even if you qualify without experience, it's best to first learn more about the business before starting your own company.
Step 2: Where to Look
- There are a variety of resources available if you want to find a job in real estate.
- You can find real estate jobs through traditional job resources, such as job listings and Web sites.
- Often you will need to contact brokers on your own, especially if you are planning to work as an independent contractor.
- Consider contacting real estate brokers that are mentioned in local ads, TV commercials or news media.
- If a company is often named, it is most likely a large broker. Although this is not an indication of the work environment or quality of the broker, it usually mean they have wealthier clients, which can results in bigger payoffs on your sales.
- Remember that in most states you will need to work for a broker for your real estate license to remain active. If you don't, it becomes inactive after a certain time. It's therefore important that you focus on work in real estate after receiving your license.
Step 3: How to Evaluate a Broker/Job Offer
- When going for an interview, you should interview the broker as much as they interview you. These are some things to ask and consider:
- Does the company offer training for new agents?
- Would you be required to be at the office during certain times, or do you make your own schedule?
- Do the company pays for advertising costs of your services?
- When would you receive a commission on a sale and how much would you receive?
- Are you reimbursed for work-relatead costs such as calls or mail to clients?
- Are there any initial costs for you to join?
- Real estate can be a highly profitable career. It's also a career that offer much independence and flexibility. If you have a real estate license and want to find a job as a real estate agent, search for job openings and contact brokers and make sure to ask questions and evaluate the broker during the interview and if receiving a job offer.