There are several career options if you are interested in real estate. The most obvious real estate career is that of an agent or broker. The income from these positions is generally based on sales commissions and can vary widely.

Real estate agents and brokers are licensed by the state and must meet certain educational requirements for the initial license, as well as continuing education requirements. There are two basic sources of real estate commissions: listings and sales.

When a property is sold, both the listing agent and the selling agent receive a substantial commission, based on the dollar amount of the sale. While this generates an impressive paycheck, it can take weeks or months to close a single sale, so earnings can be unpredictable.

Some successful agents within a company may be allowed a "draw" against future commissions, but most are subject to commission uncertainty.

Each real estate office has support staff who enjoy a more regular income. These include administrative and administrative support staff, personal assistants, and may include property managers or support staff for associated financing, appraisal, or inspection departments within the company.

Some offices may offer promising new agent sales training in addition to subsidizing license training. In return, they may have hoped to maintain regular office hours to greet customers without an appointment.

Most real estate offices also hold weekly sales meetings and new listing tours that agents must attend. Some offices may hold periodic listing or sales contests and offer recognition for outstanding achievement.

You need great people skills to be a real estate agent. You may have to deal with difficult situations. A real estate agent had a client who wanted to buy a new home with his "guaranteed earnings" from a direct mail lottery. Still other potential buyers may have serious credit problems or impossible claims.

Legally required inspections and disclosures may sour a promising deal, or there may be a sudden change of heart.

Different real estate companies have a different "culture". Some may be more "commercial" while others are more "fun". Finding a good match for your personal style is important. While a mentor can help show you the ropes, a mentor whose natural style is similar to yours will help you develop your unique talent to its fullest potential.

Author's Bio: 

Legally required inspections and disclosures may sour a promising deal, or there may be a sudden change of heart.