![]() On the other hand, brokers have the option to work either independently or to start their own brokerage. Real estate agents, therefore, work for real estate brokers. Essentially, real estate agents sign with a brokerage. The only difference, however, is who they work for. 3) Real Estate BrokerĪ broker and agent are very similar in their real estate jobs. However, according to the National Association of Realtors® (NAR), commercial real estate agents earned twice as much as residential agents in 2017. Meaning, agents who find more leads and close more deals make more money. So, they make a percentage of the amount of real estate property in the transaction. Regarding their salaries, both residential and commercial real estate agents work on commission. This is because commercial agents work with data like gross rent multipliers, capitalization rates, and internal rates of return. Moreover, this type of real estate careers requires you to have analytical knowledge in business and finance. So, instead of houses, commercial real estate agents sell properties to businesses. Related: 7 Characteristics of the Most Successful Real Estate Agents Commercial Real Estate AgentĬommercial real estate agents are similar to residential agents, but they work in the commercial sector of the real estate industry. ![]() Another requirement to succeed as an agent is having great customer service, networking, and marketing skills. In addition, before getting into a real estate agent career, you need to have a lead generation strategy. You’ll need a license to become a residential real estate agent, but your success depends on how well you meet your clients’ needs. You can be even more specialized by focusing on specific kinds of property like single-family homes, condos, luxury homes, vacation homes, or foreclosures. Residential real estate agents facilitate the home buying process between sellers and buyers. You can also be either a residential or a commercial agent: Residential Real Estate Agent Meaning, you can either be a buyers’ agent or a sellers’ agent. Real estate agents help people sell or buy properties. Getting a job in real estate as an agent is one of the best and most common real estate careers. Interested in starting a real estate investing career? Mashvisor will help you find and analyze investment opportunities in the US housing market to ensure that you are investing in lucrative properties! Click here to get 15% off your first subscription to any Mashvisor plan now. While there is no set salary for this job, the average annual salary for a real estate investor in the US is $124K, according to ZipRecruiter. On top of that, a real estate investor can make serious money. There are amazing benefits to starting a career in real estate as an investor, one of which is the fact that you can invest with little money! Also, you can invest in real estate passively – making money without having much involvement in the investment. To learn more about this type of real estate career, read: Becoming a Real Estate Investor: Here’s How Anyone Can Do It.
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