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Career and Education Opportunities for Real Estate Brokers in Plano, Texas

There are many career and education opportunities for real estate brokers in the Plano, Texas area. There are currently 7,620 working real estate brokers in Texas; this should grow by 8% to about 8,190 working real estate brokers in the state by 2016. This is not quite as good as the nation as a whole, where employment opportunities for real estate brokers are expected to grow by about 8.6%. Real estate brokers generally operate real estate offices, or work for commercial real estate firms, overseeing real estate transactions.

Real estate brokers earn about $31 hourly or $65,200 yearly on average in Texas and about $27 per hour or $57,500 yearly on average nationally. Compared with people working in the overall category of Real Estate, people working as real estate brokers in Texas earn more. They earn more than people working in the overall category of Real Estate nationally.

There are five schools within twenty-five miles of Plano where you can study to be a real estate broker, among seventy-nine schools of higher education total in the Plano area. Given that the most common education level for real estate brokers is some college courses, it will take a short time to learn to be a real estate broker if you already have a high school diploma.

CAREER DESCRIPTION: Real Estate Broker

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

In general, real estate brokers operate real estate offices, or work for commercial real estate firms, overseeing real estate transactions. They also other duties usually include selling real estate or renting properties and arranging loans.

Every day, real estate brokers 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 brokers to sell, for a fee, real estate owned by others. They are often called upon to maintain awareness of current income tax regulations, local zoning, building and tax laws, and growth possibilities of the area where a property is located. They also compare a property with similar properties that have recently sold, in order to establish its competitive market price. They are sometimes expected to generate records of properties for sale, their locations and descriptions, and available financing options, using computers. Somewhat less frequently, real estate brokers are also expected to oversee and operate real estate offices, handling associated business details.

Real estate brokers sometimes are asked to obtain agreements from property owners to place properties for sale with real estate firms. and check work completed by loan officers and other professionals to insure that it is performed properly. And finally, they sometimes have to manage financing of property purchases.

Like many other jobs, real estate brokers must have exceptional integrity and be thorough and dependable.

Similar jobs with educational opportunities in Plano include:

  • Real Estate Agent. Rent, buy, or sell property for clients. 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. Includes agents who represent buyer.

EDUCATIONAL OPPORTUNITIES: Real Estate Broker Training

University of North Texas - Denton, TX

University of North Texas, Chestnut Ave., Denton, TX 76203-1277. University of North Texas is a large university located in Denton, Texas. It is a public school with primarily 4-year or above programs. It has 34,795 students and an admission rate of 64%. University of North Texas has a bachelor's degree and a master's degree program in Real Estate which graduated four and zero students respectively in 2008.

Collin County Community College District - Plano, TX

Collin County Community College District, 4800 Preston Park Blvd., Plano, TX 75093. Collin County Community College District is a large college located in Plano, Texas. It is a public school with primarily 2-year programs and has 21,000 students. Collin County Community College District has a less than one year and an associate's degree program in Real Estate which graduated fourteen and three students respectively in 2008.

Southern Methodist University - Dallas, TX

Southern Methodist University, 6425 Boaz St, Dallas, TX 75275-0221. Southern Methodist University is a large university located in Dallas, Texas. It is a private not-for-profit school with primarily 4-year or above programs. It has 10,965 students and an admission rate of 50%. Southern Methodist University has a bachelor's degree program in Real Estate which graduated twenty-eight students in 2008.

Richland College - Dallas, TX

Richland College, 12800 Abrams Rd, Dallas, TX 75243-2199. Richland College is a large college located in Dallas, Texas. It is a public school with primarily 2-year programs and has 15,917 students. Richland College has a one to two year and an associate's degree program in Real Estate which graduated nineteen and seven students respectively in 2008.

North Lake College - Irving, TX

North Lake College, 5001 N MacArthur Blvd, Irving, TX 75038-3899. North Lake College is a large college located in Irving, Texas. It is a public school with primarily 2-year programs and has 10,174 students. North Lake College has a one to two year and an associate's degree program in Real Estate which graduated thirty and two students respectively 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.

Commercial Certified Mortgage Servicer: The Certified Mortgage Servicer (CMS) designation recognizes an individual's superior knowledge and experience in servicing practices, theories and applications.

For more information, see the Mortgage Bankers Association of America 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

REAL ESTATE BROKER/SALES AGENT

Licensing agency: Texas Real Estate Commission
Address: PO Box 12188, Austin, TX 78711-2188

Phone: (512) 459-6544
Website: Texas Real Estate Commission

LOCATION INFORMATION: Plano, Texas

Plano, Texas
Plano, Texas photo by Jmcstrav

Plano is situated in Collin County, Texas. It has a population of over 267,480, which has grown by 20.5% in the past ten years. The cost of living index in Plano, 91, is below the national average. New single-family homes in Plano are valued at $229,500 on average, which is far greater than the state average. In 2008, three hundred sixty-eight new homes were constructed in Plano, down from five hundred forty-six the previous year.

The three big industries for women in Plano are educational services, professional, scientific, and technical services, and health care. For men, it is professional, scientific, and technical services, computer and electronic products, and finance and insurance. The average travel time to work is about 28 minutes. More than 53.3% of Plano residents have a bachelor's degree, which is higher than the state average. The percentage of residents with a graduate degree, 17.6%, is higher than the state average.

The unemployment rate in Plano is 7.4%, which is less than Texas's average of 8.1%.

The percentage of Plano residents that are affiliated with a religious congregation, 53.7%, is more than the national average but less than the state average. Potters House Assembly of God Church, Central Baptist Church and Preston Meadow Lutheran Church are among the churches located in Plano. The most prominent religious groups are the Catholic Church, the Southern Baptist Convention and the United Methodist Church.

Plano is home to the Heritage Farmstead Museum and the The Shops at Willow Bend as well as Enfield Park and Buckhorn Park. Shopping malls in the area include Preston Shepard Place Shopping Center, Preston Towne Crossing Shopping Center and Collin Creek Shopping Center. Visitors to Plano can choose from Amerisuites Dallas Plano North, Best Western Park Suites Hotel and AmeriSuites Plano for temporary stays in the area.