Real Estate Agent

Real Estate Agent

NON – Apprenticeship

AT A GLANCE

Real estate agents and salespersons act as agents for the sale or purchase of houses, apartments, condominiums, commercial buildings, land and other real estate and are employed in the real estate industry. They may specialize in residential, commercial, industrial/institutional or rural real estate sales.

Real estate agents and salespersons perform some or all of the following duties:
  • Solicit property sales listings from prospective vendors/sellers
  • Assist vendors/sellers in selling property by establishing asking price, advertising the property, listing the property for sale and conducting showings and open houses for prospective buyers
  • Assist prospective buyers in selecting, visiting, inspecting and making offers of purchase on real estate properties
  • Advise clients on market conditions, prices, morgages, legal requirements and related matters
  • Draw up sales agreements for approval of purchaser and seller

Source: National Occupational Classification 2011, 6232 Real estate agents and salespersons

 

RELATED CAREER VIDEO(S)

Source: CareerTrekBC – Realtor (Episode 80)

RELATED CAREERS

Note: Additional training and/or certification may be required.
PROPERTY MANAGER/ADMINISTRATOR

WORK ENVIRONMENT

As a licensed real estate salesperson, you will most likely work on a commission basis. In addition, your work environment and schedule may include the following:

  • Work with a real estate agency or self-employed
  • Work in and outside an office
  • Spend a lot of time travelling by car to view properties and meet with clients
  • May work full-time or part-time*
  • Hours vary: 40 - 60 hours/week (full-time)
  • Flexibility is needed - work on weekends and evenings to show properties to clients, negotiate deals, etc.

*In Manitoba, you cannot work another job while working as a licensed real estate salesperson

Source: Careercruising.com, National Occupational Classification 2011, 6232 Real estate agents and salespersons

MINI SKILLS ASSESSMENT

If you answer YES to the questions below, then a career as a Real Estate Agent may be right for you!

  • Am I willing to invest time and effort now to gain income later?
  • Am I honest and trustworthy?
  • Am I willing to take ongoing education courses as required by my employer or as necessary to maintain my real estate license?
  • Do I want to be rewarded based on my efforts?
  • Is my family prepared to accept my busy schedule?
  • Do I possess good communication skills?
  • Do I enjoy meeting and talking to people?
  • Do I possess good computer skills?
  • Do I present myself professionally and with confidence?
  • Can I handle setbacks and the word "no"?
  • Can I solve problems as they arise, both large and small?
  • Am I prepared to ask for help when I need it?
  • Can I manage my personal finances?
  • Am I willing to be flexible to ensure that a client's needs are satisfied?
  • Am I an organized person who can handle details well?
  • Will I manage my time to get the job done?
  • Do I enjoy making decisions and helping others to do the same?
  • Am I prepared to work hard to reach my goals?
  • Do I have a good contacts base from which I can draw prospective buyers and sellers?

Source: Found here

ESSENTIAL SKILLS PROFILES

The Government of Canada Job Bank has identified Nine Literacy and Essential Skills (Reading, Writing, Document Use, Numeracy, Computer Use, Thinking, Oral Communication, Working with Others, and Continuous Learning).

Below you will find links to the Essential Skills Profiles for this occupation and/or related ones:

WAGES

According to jobbank.gc.ca, and their Labour Market Information for Manitoba, they list low, medium, and high wages for Real Estate Agents and Salespersons as the following:
LOW WAGE MEDIUM WAGE HIGH WAGE
$23,089 / year (average in MB)
$49,943 / year (average in MB)
$126,102 / year (average in MB)
$23,089 / year (Winnipeg)
$56,829 / year (Winnipeg)
$124,430 / year (Winnipeg)

TRAINING

If you are still in high school, here are some suggested subject areas to study that could help prepare you for further training in this field. Please check if these courses are available at your school and/or whether they will meet your graduation requirements. Some examples may include the following:

  • English
  • Mathematics, Probability & Statistics
  • Science
  • Social Studies
  • Accounting, Economics, Law
  • Business, Management & Marketing

Source: Careercruising.com

Now that you have decided that you want to become a real estate salesperson in Manitoba, you’ll need to become a licensed salesperson through the Manitoba Real Estate Association. Below you’ll find a snapshot view of the main steps and costs to become licensed.Visit MREA for the most up-to-date information.

ITEM COST/TIME
Suggested Prerequisites
  • Minimum age: 18 years old
  • Permanent resident of Manitoba/Canada or Canadian Citizen
Self-Assessment
Complete Online Self-Assessment:

Click Here
Registration, Modules, Exams
  • 4 Modules (Course Fee & Exam): approx. $2,795.00
Employment
  • Interview with brokerages
  • Secure employment within six months of completing Module 4
License
  • Completed and passed Module 4
  • Employed with good past record of financial responsibility
  • Apply to The Manitoba Securities Commission (MSC) to acquire your salesperson license (Need employer's signature)
  • Must apply to MSC within six months of completing Module 4
More information about licensing can be found at Real Estate Agent Licenses (REAL)
Career Guide
Download Career Guide for more info about this career and licensing process Click Here

ASSOCIATIONS

Click the links below for associations related to this career!