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Career and Education Opportunities for Real Estate Agents in New York

New York has a population of 19,541,453, which has grown by 2.98% over the past 10 years. Nicknamed the "Empire State," its capital is Albany, though its biggest city is New York.

About 34,260 people are currently employed as real estate agents in New York. By 2016, this is expected to grow 7% to about 36,710 people employed. This is not quite as good as the nation as a whole, where employment opportunities for real estate agents are expected to grow by about 16.2%. Real estate agents generally rent, buy, or sell property for clients.

Real estate agents earn about $30 per hour or $64,440 yearly on average in New York and about $19 hourly or $40,150 yearly on average nationally. Real estate agents earn less than people working in the category of Real Estate generally in New York and less than people in the Real Estate category nationally.

In 2008, there were a total of 11,289,001 jobs in New York. The average annual income was $48,809 in 2008, up from $47,628 the previous year. The unemployment rate in New York was 8.4% in 2009, which has grown by 3.1% since the previous year. Roughly 27.4% of New York residents have college degrees, which is higher than the national average.

The top industries in New York include securities contracts intermediation, investment banking dealing, and apparel, piece goods, and notions merchant wholesalers. Notable tourist attractions include the American Craft Museum, the Abigail Adams Smith Museum, and the 77 Gallery Limited.

CITIES WITH Real Estate Agent OPPORTUNITIES IN New York


JOB DESCRIPTION: Real Estate Agent

Real Estate Agent video from the State of New Jersey Dept. of Labor and Workforce Development

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.

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.

Similar jobs with educational opportunities in New York 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.
  • Insurance Agent. Sell life, property, or other types of insurance. May refer clients to independent brokers, work as independent broker, or be employed by an insurance company.
  • 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.

LOCATION INFORMATION: New York

New York
New York photo by William Warby

New York has a population of 19,541,453, which has grown by 2.98% over the past 10 years. Nicknamed the "Empire State," its capital is Albany, though its most populous city is New York. In 2008, there were a total of 11,289,001 jobs in New York. The average annual income was $48,809 in 2008, up from $47,628 the preceding year. The unemployment rate in New York was 8.4% in 2009, which has grown by 3.1% since the previous year. Approximately 27.4% of New York residents have college degrees, which is higher than the national average.

The top industries in New York include securities contracts intermediation, investment banking dealing, and apparel, piece goods, and notions merchant wholesalers. Notable tourist attractions include the Abigail Adams Smith Museum, the Asian American Arts Centre, and the Anthology Film Archives Administration.