Associate's Degrees in Real Estate
Earn a degree in real estate from an accredited college
One of the best ways to prepare for a career in real estate is through a college education. An Associate's Degree will help you develop entry level skills, general real estate know how and the basic real estate experience you need to start your career off right. You may also consider a Bachelor's in Real Estate to help you take your education and career to the next level. Take the first step to success by selecting a real estate school below.
Why would I want a real estate degree?
A degree in real estate will give you the skills and knowledge you need to work in an exciting industry that is constantly on the move and can provide you with a lucrative salary. Real estate is not for the faint of heart, though. It can be very competitive, and you have to be able to deal with stiff competition while running your own business. If you work well independently, thrive off of competition, and like being in the heart of big business, then a degree in real estate would be a good fit for you.
What do people with real estate degrees do?
The vast majority of people who earn real estate degrees go on to become real estate agents (also known as real estate salespeople or realtors) and real estate brokers. Real estate agents and brokers help people buy and sell real estate. Their responsibilities are quite similar. The biggest difference is that real estate brokers are able to own and/or manage a real estate firm. Although real estate agents also run their own businesses, they must work under the management or supervision of a licensed broker as independent contractors.
Real estate agents and brokers often times specialize in a particular area in real estate. Some of the most common specialties that agents and brokers go into are listed below.
- Residential Homes: This is the biggest sector of real estate specialties. Many people who are looking to buy or sell homes often times don’t even know where to start. Real estate professionals help these people through the process of buying or selling their homes.
- Residential Building Construction: The process of building a home is much different than the process of buying an existing home. Real estate professionals who specialize in home construction have in depth knowledge of the building process and they are able to help buyers make critical decisions when going through the building process.
- Commercial Real Estate: Buying and selling commercial real estate is a much different process than buying and selling homes. There is generally much more money involved, and real estate professionals in this area must be familiar with investment lingo, rules, and practices.
- Land Subdivisions: Some real estate agents specialize in buying and selling vacant lots which are zoned for building homes, sometimes known as subdivisions.
- Farms and Ranches: Real estate professionals in this specialty know the things that are important in buying and selling farms and ranches. This may include anything from grazing land to stables. What’s important to farmers and ranchers are much different than what’s important to people who are looking to purchase a home, and real estate professionals in this niche need to know what those things are.
How much do real estate professionals make?
According to the Bureau of Labor Statistics, the median salary for real estate agents in 2008 was $40,150. The middle 50 percent earned between $27,390 and $64,820 a year. The lowest 10 percent earned less than $21,120, and the highest 10 percent earned more than $101,860.
The median salary for real estate brokers in 2008 was $57,500. The middle 50 percent earned between $36,420 and $93,970 a year.
Median salaries for full-time real estate agents and brokers are historically higher than what is shown above. These statistics were from 2008, right after the housing market crash.
How popular are real estate jobs?
Jobs in this industry are quite popular, and they will continue to be popular into the foreseeable future. Real estate agent and broker jobs are expected to grow by 14% through the year 2018, which is faster than the average growth rate among all jobs. Spurring this growth is a growing population of people who are looking to buy homes, as well as the growing perception that real estate will be a good investment over the long run.
How do I become a real estate professional?
In order to become a real estate agent or broker, you must be a high school graduate and have the proper licenses, which are granted on a state level. More and more companies, though, are turning to those who have college degrees, especially those who have degrees in real estate, as real estate transactions have become more legally complex.
Salary and career outlook data provided by the U.S. Bureau of Labor Statistics.
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