Management and Marketing Program: Career Facts - Real Estate Agent/ Broker
Other Careers:
Sales/Marketing Specialist
Business
Manager/Administrator
Credit
Union Manager
Human
Resource Manager
International Business Manager,
Labor Relations Specialist,
Marketing Manager
Real Estate Agent/ Broker
What is a real estate agent/broker?
Real estate agents are involved in the sale and purchase of
single family homes, apartments, condominiums, office buildings,
industrial parks and recreation property. Land development, financing
and counseling are growing specialties. Real estate brokers handle the
management of transactions for a large number of agents. The growth of
real estate occupations are economically dependent. However, a related
occupation of property and real estate manager is projected to grow at
about 34 percent in the next 15 years.
What types of skills are required?
Skills and knowledge in urban planning, investment and
securities, mortgage banking, property management, investment
counseling, property appraisal and research are required to succeed in
the real estate field. Skills in communication, buyer behavior, human
relations, business management, accounting and economics are also
required.
Where are they employed?
Real estate agents/brokers may work in real estate offices, land
development agencies, property management firms, and other related
businesses and agencies.
What are the certification/licensure requirements?
The State of Michigan has licensure requirements set for this
occupation consisting of an initial exam and annual renewal.
What certificate and degree is available?
A certificate of completion is offered in real estate. Also
offered is an associate degree in business in real estate.
What is the salary range?
Locally, the average annual earnings at start range from $12,000
to $20,000. Nationally, agents can expect to earn $25,000 per year on
average and brokers can expect to earn an average of approximately
$40,000.
Business and Economics Department
Gannon Bldg, Room 131
Phone: (517) 483-1522
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