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Career and Education Opportunities for Real Estate Agents in Philadelphia, Pennsylvania

For those living in the Philadelphia, Pennsylvania area, there are many career and education opportunities for real estate agents. There are currently 13,500 jobs for real estate agents in Pennsylvania and this is projected to shrink by 3% to 13,050 jobs by 2016. 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.

A person working as a real estate agent can expect to earn about $20 hourly or $43,290 annually on average in Pennsylvania and about $19 per hour or $40,150 yearly on average in the U.S. as a whole. Real estate agents earn the same as people working in the category of Real Estate generally in Pennsylvania and less than people in the Real Estate category nationally.

There are 156 schools of higher education in the Philadelphia area, including three within twenty-five miles of Philadelphia where you can get a degree to start your career as a real estate agent. The most common level of education for real estate agents is a high school diploma or GED. 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

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.

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 Philadelphia 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.

EDUCATIONAL OPPORTUNITIES: Real Estate Agent Training

Temple University - Philadelphia, PA

Temple University, 1801 North Broad Street, Philadelphia, PA 19122-6096. Temple University is a large university located in Philadelphia, Pennsylvania. It is a public school with primarily 4-year or above programs. It has 35,343 students and an admission rate of 61%. Temple University has a bachelor's degree program in Real Estate which graduated fourteen students in 2008.

University of Pennsylvania - Philadelphia, PA

University of Pennsylvania, 1 College Hall 34th and Spruce Sts, Philadelphia, PA 19104-6303. University of Pennsylvania is a large university located in Philadelphia, Pennsylvania. It is a private not-for-profit school with primarily 4-year or above programs. It has 24,060 students and an admission rate of 17%. University of Pennsylvania has bachelor's degree, postbaccalaureate certificate, master's degree, post-master's certificate, and doctor's degree programs in Real Estate which graduated twenty-six, eighteen, five, zero, and zero students respectively in 2008.

Montgomery County Community College-Central Campus - Blue Bell, PA

Montgomery County Community College-Central Campus, 340 Dekalb Pike, Blue Bell, PA 19422-0796. Montgomery County Community College-Central Campus is a medium sized college located in Blue Bell, Pennsylvania. It is a public school with primarily 2-year programs and has 9,641 students. Montgomery County Community College-Central Campus has an associate's degree program in Real Estate which graduated one student in 2008.

CERTIFICATIONS

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.

LICENSES

Builder-Owner Salesperson

Licensing agency: Department of State
Address: Bureau of Professional and Occupational Affairs, Real Estate Commission, 124 Pine Street, Harrisburg, PA 17101

Phone: (717) 783-3658
Website: Department of State Bureau of Professional and Occupational Affairs Real Estate Commission

Real Estate Campground Membership Salesperson

Licensing agency: Department of State
Address: Bureau of Professional and Occupational Affairs, Real Estate Commission, 124 Pine Street, Harrisburg, PA 17101

Phone: (717) 783-3658
Website: Department of State Bureau of Professional and Occupational Affairs Real Estate Commission

Real Estate Rental Listing Referral Agent

Licensing agency: Department of State
Address: Bureau of Professional and Occupational Affairs, Real Estate Commission, 124 Pine Street, Harrisburg, PA 17101

Phone: (717) 783-3658
Website: Department of State Bureau of Professional and Occupational Affairs Real Estate Commission

Real Estate Salesperson

Licensing agency: Department of State
Address: Bureau of Professional and Occupational Affairs, Real Estate Commission, 124 Pine Street, Harrisburg, PA 17101

Phone: (717) 783-3658
Website: Department of State Bureau of Professional and Occupational Affairs Real Estate Commission

LOCATION INFORMATION: Philadelphia, Pennsylvania

Philadelphia, Pennsylvania
Philadelphia, Pennsylvania photo by Apollo1758

Philadelphia is located in Philadelphia County, Pennsylvania. It has a population of over 1,447,395, which has shrunk by 4.6% in the past ten years. The cost of living index in Philadelphia, 102, is near the national average. New single-family homes in Philadelphia cost $212,900 on average, which is far greater than the state average. In 2008, five hundred forty-five new homes were constructed in Philadelphia, down from five hundred ninety-one the previous year.

The top three industries for women in Philadelphia are health care, educational services, and professional, scientific, and technical services. For men, it is construction, educational services, and health care. The average travel time to work is about 32 minutes. More than 17.9% of Philadelphia residents have a bachelor's degree, which is lower than the state average. The percentage of residents with a graduate degree, 7.5%, is lower than the state average.

The percentage of Philadelphia residents that are affiliated with a religious congregation, 53.4%, is more than the national average but less than the state average. Boulevard Church, Mount Herman Church and Saint Michael Mission Center are all churches located in Philadelphia. The most prominent religious groups are the Catholic Church, the American Baptist Churches in the USA and the Muslim Estimate.

Philadelphia is home to the Five Points and the Academy Gardens as well as Durham Park and Cloverly Park. Shopping malls in the area include Roosevelt Mall, Andorra Shopping Center and Red Lion Shopping Center. Visitors to Philadelphia can choose from Comfort Inn, Concordia Worldwide Hotel Reservations and Embassy Suites for temporary stays in the area.