Career and Education Opportunities for Real Estate Agents in Reno, Nevada
Reno, Nevada provides a wide variety of opportunities, both career and educational, for real estate agents. There are currently 7,300 jobs for real estate agents in Nevada and this is projected to grow by 4% to 7,620 jobs by 2016. This is not quite as good as 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 $22 per hour or $46,570 annually on average in Nevada and about $19 hourly or $40,150 per year on average nationally. Real estate agents earn less than people working in the category of Real Estate generally in Nevada and less than people in the Real Estate category nationally.
There are eleven schools of higher education in the Reno area, including two within twenty-five miles of Reno where you can get a degree to start your career as a real estate agent. Real estate agents usually hold a high school diploma or GED, so it will take only a short time to learn 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 Reno 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.
EDUCATIONAL OPPORTUNITIES: Real Estate Agent Training
Western Nevada College - Carson City, NV
Western Nevada College, 2201 West College Parkway, Carson City, NV 89703-7399. Western Nevada College is a small college located in Carson City, Nevada. It is a public school with primarily 4-year or above programs and has 4,755 students. Western Nevada College has an associate's degree program in Real Estate which graduated three students in 2008.
Truckee Meadows Community College - Reno, NV
Truckee Meadows Community College, 7000 Dandini Blvd, Reno, NV 89512-3999. Truckee Meadows Community College is a large college located in Reno, Nevada. It is a public school with primarily 2-year programs and has 12,277 students. Truckee Meadows Community College has an associate's degree program in Real Estate.
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 Salesperson
Phone: (775) 687-4280
Website: Department of Business & Industry Real Estate Division
LOCATION INFORMATION: Reno, Nevada
Reno is situated in Washoe County, Nevada. It has a population of over 217,016, which has grown by 20.2% over the last ten years. The cost of living index in Reno, 93, is below the national average. New single-family homes in Reno are priced at $202,100 on average, which is well above the state average. In 2008, six hundred thirty-seven new homes were built in Reno, down from nine hundred ninety-seven the previous year.
The three big industries for women in Reno are arts, entertainment, and recreation, health care, and accommodation and food services. For men, it is arts, entertainment, and recreation, construction, and accommodation and food services. The average commute to work is about 18 minutes. More than 25.0% of Reno residents have a bachelor's degree, which is higher than the state average. The percentage of residents with a graduate degree, 8.4%, is higher than the state average.
The unemployment rate in Reno is 11.8%, which is less than Nevada's average of 12.6%.
The percentage of Reno residents that are affiliated with a religious congregation, 27.9%, is less than both the national and state average. The most common religious groups are the Catholic Church, the LDS (Mormon) Church and the Southern Baptist Convention.
Reno is home to the Short Ranch and the Keystone Square as well as Wilkinson Park and Paradise Park. Shopping centers in the area include Miraloma Park Shopping Center, Village Shopping Center and University Village East Shopping Center. Visitors to Reno can choose from Oxford Motel, Atlantis Casino Resort and Wayside Motel & Apartments for temporary stays in the area.