If you’re looking for a career in real estate, Florida is the place to be. The Sunshine State is home to some of the most active real estate markets in the country, and it’s only going to get better over the next few years. The population is booming. Florida’s population is growing by leaps and bounds, and there’s no sign of it slowing down anytime soon. This means that the real estate market is constantly expanding, providing new opportunities for agents to get involved.
Location
Florida is smack in the country’s middle, making it easily accessible from both coasts. Plus, it has some of the most favorable tax laws in the country, which makes doing business that much more advantageous! Whether residential or commercial, one of the most significant factors in any property’s value is location. When we think of Florida, our minds directly think of the beach, so you can imagine how desirable beachfront bungalows are. Florida is also home to luxury urban high-rises, which are also in prime locations, making the property available for everyone’s taste. To find these locations, we need real estate agents. Now, becoming a real estate agent is not that hard, but you need to get the best education possible. America’s Real Estate School can help you achieve this goal and pass your test. After all, some of the top 10 expected places that are going to be popular in the housing market this year are in Florida:
- Tampa, Florida
- Jacksonville, Florida
- Orlando, Florida
Location, location, location; always remember how important this is.
Population and Wealth
Florida’s population is booming and has grown enormously in the last year alone. The US Census Bureau estimates show that Florida grew by 211,196 residents from July 1, 2020, to July 1, 2021, making it a population of 21,781,128. This is continuously growing, which means Florida is the land of opportunity for real estate agents. These people need a place to live, looking for locations to conduct businesses, and most importantly, need real estate agents to help them. Florida’s sunshine and warm weather are a big draw for people in new remote-work positions looking to escape high taxes, the hustle, and the bustle of harsh winters. Another great thing about Florida is the number of millionaires and billionaires in this state. Around 496 971 millionaires live in the state of Florida alone! That isn’t including the billionaires around here.
There are many people plus wealth in Florida, giving you an idea why it is one of the best places to be a real estate agent in 2022.
Making a Living
What’s more, real estate agents in Florida can make a killing. The average real estate agent makes approximately $40,940 per year; however, real estate agents in Florida can earn approximately $68,000 on average! Why? The reason is simple: demand for property is high and still rising. This isn’t going to change anytime. Five variables that affect your salary are the following:
- Location. We already discussed location and confirmed it to be very important. Luckily, living in Florida already gives you a fantastic location.
- Economy. If the area you live in is growing with jobs and people, then the need for houses will be greater. This will result in higher-priced housing, which is not bad because the economy is healthy, not depressed. If there were a lack of jobs and not many people coming in, this would be a factor because not many people would be able to afford a house. Thankfully, Florida’s population is growing, and jobs are getting plentiful.
- Expenses. When we talk about expenses, we are talking about what you as an independent contractor are responsible for. This includes your car expenses, gas, marketing, advertising, internet service, MLS fees, etc. Now, once you start making those sales, these aren’t going to be that big of a deal.
- Time. Time is an important thing to have if you are serious about becoming an agent. Now, this will mainly be a factor in how much you’re making a year. You can work an average of 21-38 hours a week per se, or 40-50 hours a week. Real estate needs your time; you need to know the market and what is happening.
- Connections. One of the most important things to build in real estate is relationships with people. Real estate is all about connections. The more people you communicate with and know, the more possibility you will refer or use you as an agent for their buying needs. It is advised that you talk to at least five people every day and let them know about what you do. This is a way of putting yourself out there and getting people a chance to know you.
There is no guarantee of how much anyone will make in any field. If you are interested in becoming a real estate agent, there is an enormous opportunity. As explained above, many factors determine the success of real estate agents and real estate sales in general. No worries, no one is born with a manual on all of this. That is why there are classes and courses we need to take to expand our knowledge in this matter before putting ourselves out there. Remember that you need to have a valid, active real estate license to make a sale and have part of any commission. Start your real estate class today at America’s Real Estate School by calling us at (800) 604-2737 or visiting our website.