Why Become a Florida Real Estate Agent?
For those interested in a career in real estate, the Sunshine State is the land of opportunity, with one of the hottest real estate markets in the country! As a licensed real estate sales associate, most commonly known as a “real estate agent” to the public, your role will be to work with clients to buy or sell real estate according to their needs.
Here are just a few great reasons why you should become a licensed Florida real estate agent:
1. Location, Location, Location
There are so many reasons why Florida is the place to be, from the stunning beaches and temperate climate to the diverse range of properties. From single-family homes in quiet gated communities to luxury waterfront condominiums and beachside bungalows, the State of Florida truly has something for every buyer – and they need a licensed real estate agent to help them find the perfect property.
2. Population Growth
According to current data from the U.S. Census Bureau, Florida ranked No. 2 in the country for most residents gained between July 2020 and July 2021. With a population of 21,781,128 in July 2021, the State of Florida grew by 211,196 residents during that period – making it one of only three states with a population above 20 million in 2021. This means that Florida is truly the land of opportunity for real estate professionals.
3. Booming Property Value
The median home value has seen almost a 30% increase from last year. But while property in Florida is still steadily increasing in value, the Sunshine State still remains affordable when compared to other states that offer a warm climate and amazing beaches, such as California. As of March 2022, the average value in Florida is $356,349 – whereas the average home value in California is $758,360. The average effective property tax rate in Florida is 0.98% which is slightly below the U.S. average and much lower than other states. Florida also has no state income tax and an overall lower cost of living.
4. Concentrated Wealth
There are 70 resident billionaires worth a combined $245 billion. And Florida is fourth among states in terms of millionaire households, behind California (1.14 million), Texas (650,216), and New York (570,456), with 496,971 millionaires living in the Sunshine state. With so much concentrated wealth in the state, many invest in real estate. Florida’s promising real estate industry offers a wide range of properties in which to invest: tourism destinations, commercial properties, retail spaces, manufacturing, construction, and residential.
Florida real estate is becoming so lucrative that even international investors are taking notice. Real estate professionals have the unique opportunity to specialize in any real estate niche and develop a lucrative, flourishing business.
5. Earning Potential
Florida real estate professionals have tremendous earning potential. The average salary for a real estate sales associate in Florida is around $58,730 per year. As a real estate agent, your growth is often a direct result of investing time in finding, developing, and leveraging opportunities. For many Florida real estate agents, the $100,000 salary benchmark (and above) is absolutely within reason. You’ll find that a salary cap or hourly wage doesn’t limit your income potential but the effort you’re willing to put into your career.
6. Career Opportunities
A real estate license in Florida opens the door to many opportunities, including multiple career paths:
- Real Estate Agent (or Realtor® if you join the National Association of Realtors, NAR)
- Commercial Real Estate Agent
- Managing Broker
- Property Manager
- Real Estate Investor
Now is the time to become a licensed Florida real estate agent! Don’t miss out on this opportunity. Get started today with the Signature School of Real Estate.