Career and Education Opportunities for Real Estate Agents in Denver, Colorado
Real estate agent career and educational opportunities abound in Denver, Colorado. About 8,560 people are currently employed as real estate agents in Colorado. By 2016, this is expected to grow 19% to about 10,160 people employed. This is better than the national trend for real estate agents, which sees this job pool growing by about 16.2% over the next eight years. In general, real estate agents rent, buy, or sell property for clients.
Real estate agents earn about $24 hourly or $50,900 per year on average in Colorado and about $19 per hour or $40,150 per year on average nationally. Incomes for real estate agents are better than in the overall category of Real Estate in Colorado, and not quite as good as the overall Real Estate category nationally.
The Denver area is home to sixty-four schools of higher education, including four within twenty-five miles of Denver where you can get a degree as a real estate agent. Given that the most common education level for real estate agents is a high school diploma or GED, you can expect to spend only a short time studying to be a real estate agent if you already have a high school diploma.
CAREER DESCRIPTION: Real Estate Agent
In general, real estate agents rent, buy, or sell property for clients. They also perform duties, such as study property listings, interview prospective clients, accompany clients to property site, discuss conditions of sale, and draw up real estate contracts.
Real estate agents present purchase offers to sellers for consideration. They also design networks of attorneys and contractors to whom clients may be referred. Equally important, real estate agents have to advise sellers on how to make homes more appealing to potential buyers. They are often called upon to answer clients' questions regarding construction work and appraisals. They are expected to direct appointments to show homes to prospective buyers. Finally, real estate agents arrange meetings between buyers and sellers when specifics of transactions need to be negotiated.
Every day, real estate agents are expected to be able to see details at a very fine level of focus. They need to articulate ideas and problems. It is also important that they listen to and understand others in meetings.
It is important for real estate agents to direct property closings, overseeing signing of documents and disbursement of funds. They are often called upon to evaluate mortgage options to help clients obtain financing at the best prevailing rates and terms. They also locate and appraise undeveloped areas for building sites, on the basis of evaluations of area market conditions. They are sometimes expected to manage title searches to establish whether clients have clear property titles. Somewhat less frequently, real estate agents are also expected to direct appointments to show homes to prospective buyers.
Real estate agents sometimes are asked to visit properties to gauge them before showing them to clients. and secure construction or purchase financing with own firm or mortgage company. And finally, they sometimes have to evaluate mortgage options to help clients obtain financing at the best prevailing rates and terms.
Like many other jobs, real estate agents must have exceptional integrity and be reliable.
Similar jobs with educational opportunities in Denver include:
- Advertising Agent. Sell or solicit advertising, including graphic art, advertising space in publications, custom made signs, or TV and radio advertising time. May obtain leases for outdoor advertising sites or persuade retailer to use sales promotion display items.
- Real Estate Broker. Operate real estate offices, or work for commercial real estate firms, overseeing real estate transactions. Other duties usually include selling real estate or renting properties and arranging loans.
- Technical Service Representative. Sell goods for wholesalers or manufacturers where technical or scientific knowledge is required in such areas as biology, engineering, and electronics, normally obtained from at least 2 years of post-secondary education.
EDUCATIONAL OPPORTUNITIES: Real Estate Agent Training
Arapahoe Community College - Littleton, CO
Arapahoe Community College, 5900 S. Santa Fe Dr., Littleton, CO 80160-9002. Arapahoe Community College is a medium sized college located in Littleton, Colorado. It is a public school with primarily 2-year programs and has 7,088 students. Arapahoe Community College has a less than one year program in Real Estate which graduated twelve students in 2008.
University of Denver - Denver, CO
University of Denver, 2199 S. University Blvd, Denver, CO 80208. University of Denver is a large university located in Denver, Colorado. It is a private not-for-profit school with primarily 4-year or above programs. It has 11,409 students and an admission rate of 64%. University of Denver has a bachelor's degree and a master's degree program in Real Estate which graduated ten and twelve students respectively in 2008.
Red Rocks Community College - Lakewood, CO
Red Rocks Community College, 13300 W Sixth Ave, Lakewood, CO 80228-1255. Red Rocks Community College is a medium sized college located in Lakewood, Colorado. It is a public school with primarily 2-year programs and has 7,432 students. Red Rocks Community College has a less than one year program in Real Estate which graduated eighteen students in 2008.
Emily Griffith Opportunity School - Denver, CO
Emily Griffith Opportunity School, 1250 Welton Street, Denver, CO 80204-2197. Emily Griffith Opportunity School is a small school located in Denver, Colorado. It is a public school with primarily less-than 2-year programs and has 2,148 students. Emily Griffith Opportunity School has a less than one year program in Real Estate which graduated eight students in 2008.
Global Mobility Specialist: The purpose of Worldwide ERC's Certified Relocation Professional certification is to encourage members working in specific aspects of employee relocation to gain extensive and useful knowledge of all aspects of employee relocation.
For more information, see the Employee Relocation Council website.
Certified Relocation Professional: The purpose of Worldwide ERC Certified Relocation Professional program is to encourage members working in specific aspects of employee relocation to gain extensive and useful knowledge of all aspects of employee relocation.
For more information, see the Employee Relocation Council website.
Residential Certified Loan Officer: The Certified Loan Officer(CMT) designation creates a recognizable and meaningful seal of quality for residential loan officers.
For more information, see the Mortgage Bankers Association of America website.
Real Estate Agent
Licensing agency: Division of Real Estate
Address: 1900 Grant Ste. 600, Denver, CO 80203
Phone: (303) 894-2166
Website: Division of Real Estate
LOCATION INFORMATION: Denver, Colorado
Denver is located in Denver County, Colorado. It has a population of over 598,707, which has grown by 7.9% over the last ten years. The cost of living index in Denver, 102, is near the national average. New single-family homes in Denver are priced at $223,800 on average, which is below the state average. In 2008, eight hundred thirty-seven new homes were constructed in Denver, down from 1,215 the previous year.
The top three industries for women in Denver are health care, educational services, and professional, scientific, and technical services. For men, it is construction, professional, scientific, and technical services, and accommodation and food services. The average travel time to work is about 25 minutes. More than 34.5% of Denver residents have a bachelor's degree, which is higher than the state average. The percentage of residents with a graduate degree, 12.4%, is higher than the state average.
The percentage of Denver residents that are affiliated with a religious congregation, 53.0%, is more than both the national and state average. The most prominent religious groups are the Catholic Church, the American Baptist Churches in the USA and the Episcopal Church.
Denver is home to the J F Kennedy Municipal Golf Course and the North Marston Filtration Plant as well as Cheesman Park and Bear Creek Park. Shopping malls in the area include Alameda Square Shopping Center, Boulevard Shopping Center and Brentwood Plaza Shopping Center. Visitors to Denver can choose from Embassy Suites Hotel Denver Downtown, Intown Suites Aurora and Denver Marriott City Center for temporary stays in the area.