The career as a realto Essay
The career as a realtor involves looking into the different dimensions such as personal networks, educational requirements, and training. The term realtor involves selling real estate and properties from clients under different specifications. Seeing this, Coldwell Banker mentions that “a person licensed by the state who represents a broker in a real estate transactions” (p. 1). At the same time, the United States provides licenses to these individuals under the National Association of Realtors with their own standards and ethical standards.
Under this tenet, REALTOR mentions that: “Founded in 1908, NAR has grown from its original nucleus of 120 to today’s 720,000 members. NAR is composed of residential and commercial REALTORS®, who are brokers, salespeople, property managers, appraisers, counselors and others engaged in all aspects of the real estate industry. Members belong to one or more of some 1,700 local associations/boards and 54 state and territory associations of REALTORS®. They can join one of our many institutes, societies and councils” (p. 1).
Understanding this framework, it is important that potential realtors must have the sufficient educational background particularly in sales and marketing for them to be competent in their respective endeavors. At the same time, they must be aware and have the
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Seeing the relative complexity and number of competition among the real estate business, potential realtors must have the effective and efficient skills that can harness new perspectives in selling and administration. Since this industry varies in different ways and modes of practices, it is vital that realtors understand their classification so as to cater further growth and improvement. For example, the United States Department of Labor mentions that “selling or leasing property requires an understanding of leasing practices, business trends, and location of the property” (p.
415). One important skill required in this profession is the value of time management. One must have the necessary discipline and control over his/her time so as to actively design your objectives and have greater grasp of your environment and potential clients. Davis mentions that “working by objective, on the other hand, is having goals, designing who you are, determining your Next level, and living from that” (p. 2). Another vital skill that can determine the scope of the practice is the ability to negotiate among clients.
Seeing this, the realtor must try to convey and compound verbal and listening skills necessary for creating environments that are effective and efficient (Davis, 2002, p. 26) There are different associated careers in the profession of real estate. The United States Department of Labor argues that “other workers who provide or sell financial products or services include real estate sales agents and brokers; securities, commodities, and financial services, sales agents; financial analysts and personal financial advisors and financial managers” (p. 414).
Under employment salaries, the typical realtors can get their usual base pay plus their commissions depending on the quantity of property they are selling. On the other hand, salaries also depend on the nature of the profession and are dependent on the discretion of the company or institution. At the same time, the United States Department of Labor specifies that “employment is sensitive to swings in the economy especially interest rates during periods of declining economic activity and increasing interest rates, the volume of sales and the resulting demand for sales workers fall” (p.
414) Seeing this, the career ladder for a realtor is dependent on his/her capabilities to sell property among potential clients. Especially if this professional is affiliated to a large commercial entity, promotion is very likely to those individuals who sell. Mcgee argues that “Real estate can be a very lucrative market depending on which city or state you live in, and it’s important to know how to set your business up so that you will be successful for years to come” (p. 1).
With this background, I try to seek and pursue this endeavor by familiarizing and exposing myself to different theories and perspectives surrounding sales and marketing. I must initiate and enhance my communication skills to further my interests and develop new trends that I can apply when I get my license to become a competitive realtor. Similarly, my accreditation shall not stop me from becoming better. I must continue to seek further training and develop new avenues that can create better competition and increase in sales.
In the end, becoming a realtor is never an easy task to accomplish. I must have the necessary foundations, educational background, skills and increased training for you to become competent in your realm. At the same time, you must also create and establish a large network where you can promote and exercise your skills and provide the necessary sales and quota you need to earn and make money. Works Cited Coldwell Banker. ‘Glossary of Terms’ 2007 accessed 2 February 2009 from, <http://www. coldwellbankermoves. com/real-estate-glossary-of-terms.
aspx> Davis, Darryl. ‘How to be a Power Agent in Real Estate’ 2002 United States; McGraw Hill Professional. 1-28 McGee, Mike. How to become a realtor in ‘Associated Content’. 2006 accessed 2 February 2009 from <http://www. associatedcontent. com/article/34727/how_to_become_a_realtor. html> Realtor. com ‘What is REALTOR’ 2008. accessed 2 February 2009 from, <http://www. realtor. com/Basics/AllAbout/Realtors/WhatIs. asp> United States Department of Labor. ‘Occupational Outlook Handbook’ 2006 United States; McGraw Hill Professional. 414-417.