Career and Education Opportunities for Real Estate Agents in Louisville, Kentucky
There is a wide variety of career and education opportunities for real estate agents in the Louisville, Kentucky area. There are currently 5,730 working real estate agents in Kentucky; this should grow by 24% to 7,080 working real estate agents in the state by 2016. This is better than the nation as a whole, where employment opportunities for real estate agents are expected to grow by about 16.2%. In general, real estate agents rent, buy, or sell property for clients.
Income for real estate agents is about $11 per hour or $24,410 yearly on average in Kentucky. Nationally, their income is about $19 per hour or $40,150 annually. Incomes for real estate agents are better than in the overall category of Real Estate in Kentucky, and not quite as good as the overall Real Estate category nationally.
The Louisville area is home to thirty schools of higher education, including one within twenty-five miles of Louisville 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 Louisville include:
- 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
Jefferson Community and Technical College - Louisville, KY
Jefferson Community and Technical College, 109 E Broadway, Louisville, KY 40202-2005. Jefferson Community and Technical College is a large college located in Louisville, Kentucky. It is a public school with primarily 2-year programs and has 15,560 students. Jefferson Community and Technical College has a less than one year and an associate's degree program in Real Estate which graduated twenty-five and two students respectively 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.
Licensed Real Estate Sales Associate
Licensing agency: Kentucky Real Estate Commission
Address: 10200 Linn Station Road, Suite 201, Louisville, KY 40223
Phone: (502) 429-7250
Website: Kentucky Real Estate Commission
LOCATION INFORMATION: Louisville, Kentucky
Louisville is located in Jefferson County, Kentucky. It has a population of over 261,624. The cost of living index in Louisville, 84, is well below the national average. New single-family homes in Louisville are priced at $74,300 on average, which is far less than the state average. In 2002, one hundred forty-six new homes were built in Louisville, down from two hundred seventy-seven the previous year.
The three most popular industries for women in Louisville are health care, educational services, and accommodation and food services. For men, it is construction, accommodation and food services, and professional, scientific, and technical services. The average travel time to work is about 20 minutes. More than 21.3% of Louisville residents have a bachelor's degree, which is higher than the state average. The percentage of residents with a graduate degree, 8.7%, is higher than the state average.
About 21.6% of Louisville's residents are below the poverty line, which is worse than the state average.
The percentage of Louisville residents that are affiliated with a religious congregation, 54.6%, is more than the national average but less than the state average. Audubon Church, Expressway Church and Southern Baptist Seminary are some of the churches located in Louisville. The most prominent religious groups are the Catholic Church, the Southern Baptist Convention and the United Methodist Church.
Louisville is home to the Oak Saint Yards and the Brooklawn Childrens Home as well as Central Park and Taylor Memorial Park. Visitors to Louisville can choose from The Galt House, Seelbach Hilton and Best Western Airport East for temporary stays in the area.