Are Real Estate Agents in demand in Canada
In this article, we would provide an answer to the question ‘are real estate agents in demand in Canada. Before then, it is important to know who a real estate agents is and what he or she does.
Who is a Real Estate Agent
A Real estate agent is a person who help other people buy, sell, and rent homes, land, and other properties as a profession. Wikipedia defines a real estate agent as a person who represents sellers or buyers of real estate or real property.
Real estate agents are sometimes called real estate brokers. These professionals are sometimes work independently or on behalf of a brokerage or another agent.
Responsibilities of a Real Estate Agent
According to the Better Team, some of the responsibilities of a real estate agent include;
- Generating client leads to buy, sell, and rent a property.
- Counseling clients on market conditions, prices, and mortgages.
- Developing a competitive market price by comparing properties.
- Creating lists for real estate sale properties, with information location, features, square footage, etc.
- Showing properties to potential buyers and renters.
- Presenting purchase offers to sellers.
- Facilitating negotiations between buyers and sellers.
- Reviewing purchase contracts to ensure terms are met.
- Promoting properties with ads, listings, and open houses.
- Preparing loyalty contracts, purchase agreements, rental agreements, deeds, and other documents for each real estate transaction.
- Maintaining your real estate license and knowledge.
Are Real Estate Agent in demand in Canada
There is no doubt that Canada is a land of great employment opportunities. Especially at this time where there is a great need of more workforce in the labour market.
So, are real estate agents in demand in Canada? Yes, real estate agents are in demand in Canada. However, we would rather rate the demand of real estate agents as average. According to the Canada Job Bank, For Real estate agents and salespersons, over the period 2022-2031, new job openings (arising from expansion demand and replacement demand) are expected to total 54,000 , while 44,900 new job seekersare expected to be available to fill them.
Salary of Real Estate Agents in Canada
According to Canada Job Bank, real estate agents in Canada can earn as low as $27,446 per year and as high as $134,743 per year. On average, real estate agents in Canada make up to $ 46,212 per year.
Conclusion
We have come to the end of this article on ‘are real estate in demand in Canada?’ Please, let’s know your thoughts in the comment section below.