If you’re interested in becoming a real estate agent with Coldwell Banker Fairbairn Realty, we’ve put together some information that may help you make a better-informed decision.
Quick Facts
- Employment of real estate agents and brokers is projected to grow 5 percent from 2022 through 2031 (bls.gov).
- The required education level is a high school diploma or equivalent.
- In the State of Michigan, real estate agents are required to be licensed. This means completing a 40-hour course and passing the state licensing exam.
Real estate agents learn on the job
Coldwell Banker agents are offered stellar learning resources through Coldwell Banker University and Coldwell Banker Fairbairn Realty agents are further trained through customized programs unique to their needs.
Be Your Own Boss
- Agents are “self-employed” independent contractors of a brokerage (their office). They receive a 1099 at the end of the year for tax purposes and are paid commissions based on sales. Agents must keep track of their own expenses including their Real Estate Board dues, advertising costs, and fuel expenses.
- Agents must be prepared to conduct themselves as a small business; marketing, creating an organizational system, and presenting themselves professionally.
A Service Based Career
“Helping people buy and sell homes is one of the most important and basic services a real estate agent performs. Agents are experts in the process of buying and selling property, financing, government programs, etc. The real estate agent’s expertise facilitates the transaction, saving clients time, trouble and money. Real estate professionals need to have a thorough knowledge of such areas as real estate law, local economics, fair housing laws, types of financing, mortgages and government programs, ” – National Association of Realtors.
