Usually, those considering becoming a real estate agent who is older or younger wonder what the average age of a real estate agent is. Only 2% of real estate agents are under 30 years old, according to the National Association of Realtors® (NAR).
On average, real estate agents are about 57 years of age.
People have an image of what they expect a real estate broker to look like. With an average age of 57, it is easy for a young agent to stand out from the pack. Why do so many people assume that a gray-haired agent has a lot of experience?
New agents can be very young, but they can also be older. It’s not uncommon for someone to retire from a first job and become a real estate agent or to make a career change later in life, especially after becoming an empty nester.
To sell real estate, how old must a real estate agent be?
The requirements for becoming a licensed agent vary from state to state. Most states will require you to be at least 18 years old to get your real estate license, but a few states require you to be 21 years of age. Although most states require that you be 18 to get a real estate license, it’s often possible to take all the classes and even the exam before you turn 18.
As an 18-year-old, is it difficult to get a real estate license?
Obtaining a license to practice real estate can be a fairly straightforward process in certain states, involving only 40 hours of study. On the other hand, in Colorado, it’s an involved and lengthy procedure comprising 162 hours of instruction. Most states will require between 60 and 90 hours of pre-licensing courses before you can take the exam.
You can take most real estate pre-licensing courses online, which makes it very easy for an 18-year-old to become a real estate agent if they have enough drive.
Passing the licensing examination for real estate agents is also challenging for those unaccustomed to assessments intended to deceive them into selecting incorrect responses. Nevertheless, with determination and commitment, most people can pass these tests and complete their courses.
The difficulty of becoming a successful real estate agent often lies in discovering how to market properties and manage oneself effectively. Many may spend long hours as an agent; however, they may need to take the necessary steps that will actually bring in sales. Knowing what courses do not provide is just as important as knowing which ones do: while they inform on legal procedures, they need to instruct on marketing or finding clients.
Does starting as a real estate agent at a young age have any advantages?
Real estate sales careers are no different from starting your own business. It takes time to gain a client’s trust, as well as to learn the ins and outs of the business. If you had an early head start, you would have an advantage over those who joined the industry a few years later.
It is also difficult for many experienced salespeople to think outside the box because they are so used to the old way of doing business.
- Starting at a Younger Age: The best teacher is experience. The sooner you get started, the better off you will be. Investing in real estate while young has advantages, and being an agent gives you an advantage. The longer you are in the business, the more clients and connections you’ll have, leading to more profits.
- Technology: Young agents are usually more capable of using technology to get more clients, market themselves as being on top of the latest market trends, and use it to get more clients.
- More Time: It’s not uncommon for a younger agent to have more time to devote to their career. Without a family, you can get established as a real estate agent faster because you have more time to focus on your career.
What are the best ways for a young person to become a successful real estate agent?
Young people can succeed as real estate agents just like anyone else, provided they focus on the right things. Above all, it is essential to select the right broker. Many agents select brokers that offer the highest commission split and lowest costs; however, this frequently results in their failure since they have yet to prepare to sell homes.
A 100 percent commission split is only beneficial if you’re actually selling properties. Look for a broker who provides quality training and has a mentoring program to guide you.
It is imperative to have goals and focus, regardless of age. With goals, you will be able to plan the steps to reach them. Setting and sticking with goals can cause your career to skyrocket. At first, you might attempt to juggle several ventures, leading you down the path of mediocrity.
People don’t want a substandard real estate agent who is mediocre at five other things. Focusing on one goal and becoming an expert before considering other opportunities is best.
You don’t have to worry about being a young agent because some clients might think you don’t know what you’re doing due to your youth. There are only problems with being young if you believe they are, which affects how confident you are and how you interact with others.
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FAQs
If you're a senior considering going back to work, becoming a certified real estate agent is an excellent option. The average age of real estate agents actually skews older (53 years old in 2017), and the relatively low barrier to entry makes this an achievable goal in just a few months.
What age do people usually become a real estate agent? ›
If you're a senior considering going back to work, becoming a certified real estate agent is an excellent option. The average age of real estate agents actually skews older (53 years old in 2017), and the relatively low barrier to entry makes this an achievable goal in just a few months.
What is the best age to start real estate? ›
But it's the advantages of being in your 30s and 40s — the ability to secure credit, the professional influence, a work experience that can reduce the small-business learning curve — that makes starting a real estate career at this time an often perfect choice. This all depends on what your exact financial goals are.
Is 30 too old to start real estate? ›
In conclusion, it's never too late to start investing in real estate. Regardless of your age or stage in life, real estate investing can provide you or your business with opportunities for financial growth and security.
How likely are you to succeed as a real estate agent? ›
87% of Real Estate Agents Fail. Here's Why. While the real estate agent failure rate may seem shocking to some, it's the stark reality of the industry. However, this doesn't mean you should give up before you get started.
What age is the youngest real estate agent? ›
(Usually must be 18 years of age, be able to pass a background check, and have a high school diploma or GED) Complete the required Pre-Licensing coursework for your state and pass the exams. Schedule, take, and pass your state's real estate exam.
What gender are most real estate agents? ›
Demographic Characteristics of REALTORS®
62 percent of all REALTORS® are female, down from 66 percent last year. However, among members who are over 60 years old, this percentage falls slightly to 59 percent. Among broker licensees, 59 percent are female, compared with 64 percent of sales agent licensees.
How old are most real estate investors? ›
Real Estate Investor age breakdown
| Real Estate Investor Years | Percentages |
|---|
| 40+ years | 71% |
| 30-40 years | 22% |
| 20-30 years | 7% |
One of the most common ways to get involved in real estate investing is by house hacking, or living in the same property that you rent out. If you do this, you can buy the home as an owner occupant and can therefore put only 5% down, or even no money down with certain loans.
Can children invest in real estate? ›
Did you know that your child can be a property owner even at a young age? Yes, your Kidvestor can truly become a real estate investor! Although a child cannot legally be on title under the age of 18 (and it's also not a good idea to do so), they can be listed as a partner of an LLC of which the LLC owns property!
Contrary to popular belief, investing in real estate doesn't require you to be rich or an expert in the field. It's a common misconception that you must be either wealthy or a real estate expert to invest in real estate.
Can you be too old for a real estate agent? ›
There is a special certification provided by the National Association of Realtors for realtors of any age to specialize in real estate for seniors; however, there are many senior homebuyers who prefer to work with someone in their age range because of similar life experience.
What does 30 under 30 mean in real estate? ›
Every year, the National Association of Realtors creates a list of their “30 Under 30.” These are the 30 Realtors under the age of 30 who are doing exceptional work in their communities. They aren't necessarily the highest producing agents in their markets (although some of them are), but they all have unique stories.
How long do most realtors last? ›
You may have read online that many real estate agents fail. The National Association of Realtors (NAR) found that 75% of Realtors fail within the first year of being in the industry and 87% after five years.
What personality is best for a real estate agent? ›
An Engaging Personality
A good real estate agent doesn't just sell properties – they sell themselves. It's important to show your real personality. People will respond to you if you have a great attitude, are personable and honest, have confidence in your abilities, and are interested in helping them and others.
How many houses do most realtors sell a year? ›
According to NAR, the average Realtor completes a median of 12 residential transactions annually. However, it's important to keep in mind that this doesn't necessarily indicate how many houses the average Realtor sells. A completed transaction can mean the agent assisted on either the buyer's or seller's side.
Are male or female realtors more successful? ›
Women realtors dominate the industry
When compared to the male-dominated industry of the 20th century, this uptick is a big win for females in real estate. A typical realtor nowadays is a 54-year-old white female who is a homeowner and college educated.
How many realtors are in CT? ›
According to licensing data from the state Department of Consumer Protection, the number of real estate salespeople in the state rose from 17,100 in 2018 to 21,122 in 2022 – a 24% increase. While the number decreased slightly from 2019 to 2020, it increased steadily in 2021 and 2022.
What state has the most realtors? ›
The states with the most Realtors are Florida (225,563), California (204,678), and Texas (150,141). Vermont is the state has the fewest (1,787). The Virgin Islands (387) has the fewest of the U.S. Territories.
