Small Business Product Liability

Ever Wondered What a Real Estate Salespersons Career Is Like?

If someone desires a career in real estate, it is the job as a real estate salesperson that comes into everyone’s mind. It is real estate salesperson we all should think of. To discuss what it meant for real estate salesperson, the job of a licensed real estate salesperson includes showing real property such as the house and bridges together the owner and the customer for the respective property.

Did You Know? – 33% of Home Buyers in 2017 Were Millennials!

The specialization of a real estate salesperson should include sounding knowledge in residential or commercial properties.

It is even good to find some salespersons that are even specialized in certain types of real estate fields namely industrial or agricultural.

Continue reading this article if you are really serious about a career in the field of real estate.

A real estate salesperson drum up potential customers to buy, sell or rent the properties. After a thorough negotiation between a buyer and a seller, the salesperson arranges a deal between them. In continuation to this, a real salesperson must be up to date on prices, mortgages, market condition and other information related to the sales, rental of a property such that, if he/she will be able to advise the client on the respective issues.

This is because it is the right of the clients to get help from the salesperson to determine the right price for the sale or rental of their properties. Hence, the salesperson is always expected to keep an eye on property values.

Now, coming to the advertising criteria with a real estate salesperson, advertising through ads, listing services, open houses, and social media are the variety of sources that help to promote the business and acquire more clients.

Luxury Real Estate - Home for Sale
The national median days on market for luxury properties for 2017 was 116 days

The main reason behind this advertising is that it is the general condition of the buyers and renters to see the listed properties before making a decision to purchase or rent.

In addition to this, a salesperson must always be ready to answer the questions of a client concerning local community which include the quality of schools, the amount of crime rate, the quality, and availability of medical facilities along with the shopping and service facilities.

So, to discuss as a summary, it is the salespersons who will present the offer for purchase to the seller or the lease to the landlord. Then, all the negotiation between a buyer and seller or the renter and a landlord will be facilitated by the salesperson.

In addition to this, the preparations for the documents related to a sale or lease, like contracts purchase agreements and deeds will be taken care of by the salesperson.

Though it is the salesperson who involves more in the negotiation between the client and the customer, they must work through a broker. However, a salesperson is likely to consider as a self-employed person where the income can vary greatly because most of the income is driven in the form of sales commissions and not as a salary.

Coming to the average work hours of a salesperson, on an average a real estate salesperson works about 40 hours a week of which most of the times they spend on evening and weekends.

Almost all the salespersons work part time yet 80% will list real estate sales as their only occupation. To stand as a professional, the salesperson must spend significant time networking, accepting community events to get more leads.

In the beginning, a part-time salesperson might receive only a few thousand dollars as a salary in the form of commissions per year whereas, a seasoned sales person with a huge set of listings and contacts may earn hundreds of thousands of dollars in the same year.

To discuss the situation of a real estate salesperson in Texas, a real estate salesperson must be licensed by the state. A licensee must belong to the US or legal resident of US and must be a resident of Texas. A minimum age requirement of 18 is required to become a salesperson with a high school diploma or equivalent and must receive 180 hours of classroom instruction from a well reputed Texas real estate license education provider such as CELI.