12.2 Percent Job Growth Projected for Real Estate Agents

New job forecasts are extremely positive for the real estate industry.

U.S. News just released its Best Business Jobs list, and real estate agents, boosted by new BLS stats, ranked quite highly in the list.

According to U.S. News, over the next few years, businesses in the U.S. are on track to add nearly 3.8 million jobs, and real estate agents, among the six occupations, are garnering particular attention, what with all the recent estimations of growth regarding the real estate sector’s many segments.

By 2020, the Bureau of Labor Statistics (BLS) is projecting a 12.2 percent employment growth for real estate agents, which U.S. News notes is slightly faster than the national average.

Though the median annual salary for agents in 2010 was $40,030, the median for the top 10 percent of agents was $95,220, and the lowest-paid bracket earned $20,460. The best-compensated agents, according to BLS data, work in Wilmington, N.C., Syracuse, N.Y. and the metropolitan area of Bridgeport, Conn. (For an interesting comparison, see how the BLS’ data stacks up with the findings in our 2011 Truth About Agents issue.)

U.S. News also included comments from Moe Veissi, the president of the National Association of Realtors, for agents expected to enter the field from now to 2020.

Education, Veissi said, is particularly important.

“The last thing you do is worry about commission and the first thing is education,” Veissi said. “Without that education upfront, you limit yourself initially.”

Numerous sources exist for a real estate education (and we covered quite a few of them in our recent education issue), but Veissi also highlighted the usefulness of other professionals.

“People within this business are willing to help you along, even though they are your competition,” he said.

And of course, a tenacious attitude is a good thing as well.

“A good real estate agent must be willing to accept both the stress and the rewards of sales,” Veissi said. “Anyone who interviews you wants to know that you want to be successful.”

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