Occupations41-9022.00

Real Estate Sales Agents

Rent, buy, or sell property for clients.

Median annual pay
$56,320

BLS, 2024

Employment
420,900

U.S., 2024

Ten-year outlook
+3.1%

2024–34

Annual openings
36,600

Projected average

The work

Core tasks

  1. 01Prepare documents such as representation contracts, purchase agreements, closing statements, deeds, and leases.
  2. 02Present purchase offers to sellers for consideration.
  3. 03Act as an intermediary in negotiations between buyers and sellers, generally representing one or the other.
  4. 04Generate lists of properties that are compatible with buyers' needs and financial resources.
  5. 05Confer with escrow companies, lenders, home inspectors, and pest control operators to ensure that terms and conditions of purchase agreements are met before closing dates.
  6. 06Promote sales of properties through advertisements, open houses, and participation in multiple listing services.
  7. 07Compare a property with similar properties that have recently sold to determine its competitive market price.
  8. 08Coordinate property closings, overseeing signing of documents and disbursement of funds.
  9. 09Interview clients to determine what kinds of properties they are seeking.
  10. 10Contact previous clients for prospecting of referral business.
  11. 11Review property listings, trade journals, and relevant literature, and attend conventions, seminars, and staff and association meetings, to remain knowledgeable about real estate markets.
  12. 12Answer clients' questions regarding construction work, financing, maintenance, repairs, and appraisals.

Capabilities

Essential skills

Active ListeningSpeakingCritical ThinkingReading ComprehensionWritingMathematicsActive LearningMonitoringLearning StrategiesScience

Employment outlook

Where the role is heading

U.S. employment is projected to move from 420,900 in 2024 to 433,700 in 2034, a +3.1% change.

BLS projects an average of 36,600 openings each year over the period, including openings created by workers leaving the occupation.