There are many reasons to choose real estate as a career in 2020. Students are opting various courses to secure license and earn more profit as a real estate professional in the coming years. While giving his speech at 2020 forecast event, George Ratiu, senior economist at realtor.com said real estate professionals should be throwing a party in 2020 (Source: CNBC).
The real estate market in Chicago was dragged down for a long time since the global recession hit the economy. However, the time has passed and things have changed. Millennials are graduating in real estate as the Chicago real estate market is slowly getting better with time. Real estate schools in Chicago are offering easy and incredible courses for students to help prepare them for their license examinations. Following are 5 main reasons why students should take up real estate as a career:
1.High demand for real estate professionals
As per the United States Bureau of Labour Statistics, in the next 10 years (from 2018 to 2028), employment in the real estate market will be expected to grow at the rate of 7%. This leads to a rise in some of the best real estate schools in Illinois and other parts of the US. Besides that, the 2020 forecast says, starting a career in real estate would bring forth a high level of profit if you run own agency because people will always go to professionals when it comes to buying their forever homes.
2.Profit-making – high pay
Another main reason to choose real estate as a career choice in 2020 is the pay scale in this industry. A skilled and experienced real estate broker earns around $50,000 (average) a year, reported by the United States Bureau of Labour Statistics. Payscale, overall, fluctuates based on experience, education, skill and training of the broker. However, employment in the real estate market still shows a higher rate than the average employment rate in other industries, stated by the United States Bureau of Labour Statistics. You attend the classes for preparation of the examination, sit for the license examination to get the license and can start earning immediately.
3.Flexible hours of work
The real estate market has flexible working hours compared to other industries. An independent broker can always choose their preferred time to meet their potential client. The real estate classes are designed with flexible timings for study as well such as online classes, webinars and home study. Click here to get details
4.Never stop learning
The real estate business has become bigger and better. As a real estate broker, people go beyond when it comes to selling a property. There exist drone shots, advertising, social media marketing and diverse innovative ways to promote the business. With each passing time innovations are getting better. These innovative ideas are allowing real estate professionals to learn more
5.Find people home with legal protection
When we talk about real estate, it comes with the legality of selling and buying. The professionals who coordinate all the transactions are responsible for handling the legal matters here. Neither the buyer nor the sellers want to be engaged in lawsuits. Hence, learning about property tax and law in the real estate courses ensure the thorough knowledge you’ll need to master every sector of the real estate field.
Lands cannot be created anymore. There will always be ups and downs in the real estate market. However, it does not matter what profession you end up pursuing, having a license as a real estate broker will always be a supportive tool for your career and your financial well-being.
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