Let’s discuss why becoming a real estate professional is a good fit for many veterans. We’ll tell you how to become a veteran real estate agent in Florida and if there’s a special real estate license for veterans. Finally, we’ll share information about a veterans-to-agents program in Florida that will help you complete the licensing process for free.

Key Takeaways

• Real estate offers veterans the freedom to set their own schedules and balance work and personal life. It also offers significant financial growth potential and the personal fulfillment of helping others achieve homeownership.
• The real estate industry leverages skills veterans often excel in, such as leadership, discipline, communication, and networking. It provides the opportunity to build a business, assist others, and thrive in a goal-oriented environment.
• Veterans can complete the licensing process by taking pre-licensing courses, passing a background check, submitting an application, passing the licensing exam, and joining a brokerage. Special benefits, including fee waivers and exam reimbursements, are available for veterans and their families.
• Gold Coast Schools provides a military scholarship covering the total cost of real estate pre-licensing courses and textbooks for veterans. This program is an excellent opportunity for veterans to transition into a new career without out-of-pocket expenses.

Why Real Estate Can Be a Rewarding New Career for Veterans

The real estate industry offers veterans a distinctive opportunity to build their own businesses, excel in a field that rewards dedication and exceptional service, and assist others in achieving their dreams. Veterans accustomed to working with structured plans and accomplishing missions can thrive in this dynamic, goal-driven environment. Moreover, a real estate agent career enables veterans to continue making a positive impact while also earning a significant income.

Keith Turney served 21.5 years on active duty in the Air Force and another 16 years as a MacDill Air Force Base civilian employee before becoming a REALTOR®.

Transferable skills from military service to real estate

Veterans who become real estate agents can use many skills and traits they developed in the military to succeed in their new careers.

• Knowledge of VA Benefits: Veterans’ in-depth understanding of military benefits, such as VA home loans, makes them better able to assist their clients.
• Discipline: The discipline cultivated in the military is a critical factor in achieving success in real estate. Veterans excel at staying motivated, managing their time well, and staying organized to build their careers.
• Leadership: Veterans are natural leaders, whether they led a team in the field or coordinated large operations. In real estate, leadership skills are essential when guiding clients through complex transactions and negotiations.
• Communication: Both military service and real estate require clear and effective communication. Veterans can relay important information with precision, which is vital for helping clients navigate the buying or selling process.
• Networking: Frequent moves during military life often require veterans and their families to form new connections quickly. This natural skill is invaluable for real estate agents in growing their client networks.
• Built-In Niche: Many veteran real estate agents focus on military relocation services and VA loans. The relationships built during military service provide a strong advantage in serving this specialized market.

FAQ: Can you be a real estate agent while in the military?

Yes, you can work as a part-time real estate agent while serving in the military. Real estate is a great part-time job for military members or their spouses.

Job flexibility and independence

One of the most appealing aspects of a career in real estate is the freedom and independence it provides. Unlike typical 9-to-5 roles, real estate agents can create their own schedules, allowing for a better balance between work, family, and personal commitments. This level of flexibility is especially attractive to veterans, who appreciate the autonomy to make their own decisions and steer their careers in the direction they choose.

Potential for financial growth

Real estate agents in Florida can make an excellent income. As a real estate agent, your earnings are often directly tied to effort, meaning veterans who apply their military work ethic may reap financial rewards.

While the average starting salary in this field is much higher than in other career fields, income depends on various factors, including location, expertise, brokerage, and more.

Few careers can match the sense of purpose that comes with military service. However, helping clients—particularly fellow servicemembers—achieve their goals by finding their dream homes or selling properties at the best price can also be deeply rewarding.

Steps to Become a Licensed Real Estate Agent in Florida

Are you intrigued by the idea of becoming a real estate agent? Here’s how to get your license in Florida.

Step 1: Complete pre-licensing courses.

Complete the 63-hour Florida real estate classes through a state-approved real estate school. Consider the school’s reputation, course format (online, livestream, or classroom), and exam prep tools. Some schools offer military discounts or scholarship programs to reduce the cost of a real estate license.

Step 2: Pass a background check.

You must undergo fingerprinting as a part of your background check. As a military member, your fingerprinting fee may be waived. Complete this step before submitting your license application.

Step 3: Submit your license application.

Submit your application to the Department of Business & Professional Regulation. Make sure you select the correct application, as there are special ones for military members.

Step 4: Pass the licensing exam

Schedule the Florida real estate exam through Pearson Vue. Veterans may be eligible to be reimbursed for the cost of the exam.

The test may be offered at Florida military sites. Active duty personnel and their spouses, federal contractors, and civilians working on base may be able to schedule exams at these locations.

Bring the required IDs and documents to the test center. Achieve a score of 75/100 or higher to pass.

Step 5: Join a real estate brokerage.

Real estate agents in Florida must operate under a brokerage. Many find opportunities by networking at career fairs hosted by real estate schools.

Real Estate Licensure Assistance for Active Servicemembers and Veterans in Florida

Is there a special real estate license for veterans in Florida? Florida offers many benefits for active-duty military members and veterans.

Your initial licensing fee is discounted if you are currently serving or formerly served as an active-duty member of the Armed Forces of the U.S. This benefit also extends to a spouse or surviving spouse. Currently, the discounted rate for a real estate license is $19.75. To receive this benefit, complete the Military Member/Veteran/Spouse Fee Waiver and Military Service Verification Form and submit the form along with your license application.

If you or your spouse (or a military member’s surviving spouse) currently hold a real estate license in another state besides Florida, you may not be required to pass the Florida license examination. Fingerprinting fees may also be waived for those who qualify.

Military service members and their spouses or surviving spouses may receive exemptions from fulfilling renewal requirements.

Visit this page to learn more about the benefits the Department of Business & Professional Regulation offers military servicemembers, veterans, and their families in Florida.

Veterans to Agents Program: Gold Coast School’s Military Scholarship

Gold Coast Schools offers the Real Estate Sales Associate Pre-License Course free of charge to veterans of the United States Armed Forces. This scholarship opportunity is available to individuals who were honorably discharged within three years of the start of class. Students must provide Gold Coast with their DD214 form to verify eligibility.

The scholarship will cover the full cost of the course and required textbooks. The school also offers the Community Association Manager (CAM) Pre-license Course for free and a discount on the Construction Exam Prep Course.

Gold Coast Schools has supported over a million students in launching new careers, and this scholarship offers recent veterans a fantastic opportunity to achieve similar success without any out-of-pocket costs for their education.

Real estate is an excellent career choice for veterans looking for a fresh challenge. Enroll today and take the first step toward your new career!

The post Veterans to Agent: Become a Real Estate Agent in Florida appeared first on Gold Coast Schools.

Use this guide as a primer, as we’ve provided critical data for a few neighborhoods and communities near Orlando. However, the only way to really get to know the best neighborhoods in the Orlando area is to spend time in each one, talking with business owners and residents and learning about its amenities—like the parks, walking trails, libraries, businesses, etc., of each one.

Best Neighborhoods in Orlando

We used the following criteria to analyze these best neighborhoods in Orlando:

• Home values
• Population growth
• Owner-occupied homes vs. renter-occupied homes
• School district ratings
• Crime rates

Here’s a breakdown of each Orlando neighborhood based on the criteria provided. We obtained information from the U.S. Census Bureau, Zillow, and Niche in November 2024.

Are you starting as an agent in Orlando? Here’s what you need to know about the market.

Downtown Orlando, FL

Downtown Orlando offers a vibrant urban lifestyle with easy access to dining, entertainment, and job opportunities.

• Home values: Home values are high due to the steadily growing demand for central urban living.
• Population growth: Downtown Orlando has grown about 4% from 2020 to 2023.
• Owner-occupied vs. renter-occupied homes: Most people rent their homes in Downtown Orlando. The median rent is $1,977.
• School district ratings: Downtown schools are well-rated, with notable magnet and charter options.
• Crime rates: Crime rates in Downtown Orlando are higher than in suburban areas but have improved with increased community and city initiatives.

Lake Nona South, FL

Lake Nona South is located in the southeastern part of Orlando. It offers easy access to downtown Orlando and Orlando International Airport. The community is part of the greater Lake Nona region, known for its proximity to the Lake Nona Medical City and numerous parks, trails, and luxury residences.

• Home Values: The average value of a home in Lake Nona South is $740,553, up 0.9% year over year (YoY).
• Population growth: The area has seen rapid growth due to the appeal of Lake Nona Medical City and the influx of tech-related opportunities. Niche labels this community as “sparse suburban.”
• Owner-occupied vs. renter-occupied homes: Lake Nona South is primarily owner-occupied, featuring luxury homes and estates. The median rent is $2,236.
• School district ratings: Schools in the area have excellent ratings and modern facilities.
• Crime Rates: Lake Nona South has low crime rates.

Winter Park, FL

Winter Park, FL, is located just north of downtown Orlando. It’s a picturesque and historic community known for its tree-lined streets, upscale boutiques, cultural institutions, and scenic lakes.

• Home values: The average home value in Winter Park, FL, is $461,403, up 2.7% YoY.
• Population growth: As an established and exclusive area, its population growth is steady but slower than that of other neighborhoods.
• Owner-occupied vs. renter-occupied homes: Most residents of Winter Park own their own homes. The median rent is $1,634.
• School district ratings: The area has top-rated schools, both public and private.
• Crime rates: The crime rate is low in Winter Park.

Baldwin Park, FL

Baldwin Park, FL, is a master-planned community located just east of downtown Orlando. It offers a mix of residential charm, parks, lakes, and a lively village center with shops and restaurants.

• Home values: Baldwin Park is a desirable, planned community, so the home values are high ($769,063 – up 4.4% YoY).
• Population growth: The neighborhood is experiencing moderate growth.
• Owner-occupied vs. renter-occupied homes: Niche says more people rent than own their home in Baldwin Park, FL. The average rent is $2,245.
• School district ratings: There are strong public school options in Baldwin Park.
• Crime rates: Crime rates are low, with community initiatives focused on safety.

Doctor Phillips, FL

Doctor Phillips, FL, is located southwest of Orlando near the famous theme parks. It’s a well-established community named after Dr. Phillip Phillips, a citrus magnate. Dr. Phillips offers upscale living, dining, and entertainment options.

• Home values: The average home value in Doctor Phillips, FL, is $543,073, up 3.0% YoY.
• Population growth: Doctor Phillips has experienced steady growth, as it’s attractive to families and retirees alike.
• Owner-occupied vs. renter-occupied homes: More residents of Doctor Phillips own their own home than rent (73% vs 27%).
• School district ratings: Doctor Phillips has sought-after schools that perform well.
• Crime rates: Crime rates are low in this area.

Windermere, FL

Windermere, FL, is an affluent town west of Orlando, located on a series of lakes. It’s known for its serene, scenic surroundings and luxurious lakefront estates.

• Home values: Some of the most luxurious homes in Orlando are located in Windermere, FL. The average home value is $711,066, which has increased by 3.6% YoY.
• Population growth: This area’s population growth is moderate. Windermere’s population consists primarily of affluent families and professionals.
• Owner-occupied vs. renter-occupied homes: There are very few renters in Windermere.
• School district ratings: Windermere has some of the highest-rated schools in the region.
• Crime rates: Crime rates are very low in this neighborhood.

College Park, FL

College Park, FL, is a charming Orlando neighborhood located just northwest of downtown, known for its vintage homes, vibrant local shops, and tree-lined streets.

• Home values: The home value of College Park, FL, is increasing. It’s currently $516,999, which is up 3% YoY.
• Population growth: College Park is experiencing moderate population growth. The population includes a mix of young professionals and families. Niche describes the neighborhood as dense suburban.
• Owner-occupied vs. renter-occupied homes: Most people in College Park own their own homes. The median rent is $1,670.
• School district ratings: The schools in College Park have a good rating.
• Crime rates: Although the area is generally considered safe, College Park has a moderate crime rate.

Audubon Park, FL

Audubon Park, FL, is a trendy Orlando neighborhood located northeast of downtown. It’s celebrated for its eco-conscious vibe, local markets, and unique mix of independent shops and eateries, making it a vibrant and creative community. Niche has named Audubon Park the #1 best neighborhood in Orlando.

• Home values: The average home value in Audubon Park, FL, is $470,348, showing 5% YoY growth.
• Population growth: The neighborhood appeals to young families and eco-conscious residents. Audubon Park has moderate population growth.
• Owner-occupied vs. renter-occupied homes: More people own than rent in Audubon Park, with the median rent listed at $2,031.
• School district ratings: There are good public school options in Audubon Park.
• Crime rates: The crime rate in Audubon Park is labeled low to moderate.

Thornton Park, FL

Thornton Park, located just east of downtown Orlando, is a stylish and historic neighborhood known for its charming bungalows, brick-lined streets, and vibrant dining and nightlife scene.

• Home values: Thornton Park’s historic charm comes with high home values. The average home in this Orlando neighborhood is $534,946.
• Population growth: Thornton Park is experiencing steady growth as the neighborhood appeals to young professionals.
• Owner-occupied vs. renter-occupied homes: While most residents of Thornton Park own their own homes, 32% are renters. The median rent is $1,869, according to Niche.
• School district ratings: Schools are rated high in this community.
• Crime rates: Crime rates for Thornton Park are listed as “moderate,” though crime has decreased with community and city improvements.

Are you interested in becoming a real estate agent in Orlando? It’s a great field and can be highly lucrative, as evidenced by the high home values increasing YoY in each of these Orlando communities. Career satisfaction for real estate agents remains high in Florida and the rest of the country. Join the ranks of esteemed professionals by enrolling in a highly-rated Florida real estate course.

Since opening in the 1970s, Gold Coast Schools has helped more than 1 million students earn their real estate licenses. We have a long history of providing real estate coursework and industry training. Get started on your pre-licensing coursework today.

Master Real Estate – Free Starter Kit Here

The post Understanding Orlando Neighborhoods: Guide for Real Estate Agents appeared first on Gold Coast Schools.

Current Tampa Housing Market Overview

Zillow ranked Tampa 10th on its list of hottest housing markets for 2024. The writers at Zillow surmised that Tampa’s diverse economy and 244 days of sunshine are two possible reasons the west central Florida city draws in local and out-of-state buyers.

But did Tampa live up to Zillow’s expectations? Yes, it did! Low inventory, high demand, and competitive bidding characterized the Tampa market this year.

Let’s look at the current data – as of November 2024.

• House prices in Tampa, Florida, were $375,947 (up 1.7% YoY).
• High demand: Quick sales with a median of 29 days to pending indicates strong buyer interest.
• Steady price growth: The median list price, at $433,800, shows sellers’ confidence that buyers would pay elevated prices.
• Sale-to-list ratios: On average, homes sold for 98.2% of the list price, with 18.6% selling over the list price, demonstrating a competitive market.

With that said, the number of closed sales in Tampa decreased from 2023 to 2024 – as did the dollar sales volume.

Economic Indicators Affecting the Housing Market in Tampa

Consider these broader economic indicators as you plan for your real estate career.

Job growth and employment rates

Tampa’s job growth has nearly doubled the national pace over the last decade. Jobs in healthcare, technology, insurance, and financial services drive the region.

This job growth attracts new residents and fuels housing demand, especially for higher-end properties.

Population growth and migration patterns

The current population of Tampa’s metro area is 3,009,000, a 1.07% increase from 2023. The Tampa/St. Petersburg/Clearwater region is the second-largest metropolitan area in Florida. With ongoing population growth and an influx of residents from high-cost states, Tampa’s housing demand shows no signs of slowing.

The population increase keeps competition high and contributes to price growth across property types.

Mortgage interest rates

Interest rates play a critical role in affordability. While rates have risen over the past few years, they may stabilize or slightly decrease in 2025, making homeownership more attainable and potentially increasing demand further.

Local developments and infrastructure improvements

Tampa is expected to build more homes in 2025 than any other major U.S. market.

In addition, several major developments are under construction in Tampa, including condos, a build-to-suit trophy office complex, and an entertainment destination in the Water Street Tampa development. Additionally, more affordable housing is planned for the Gasworx area. Plans are already in the works for a Tampa Riverwalk extension, which would provide a safe connection to downtown from surrounding neighborhoods.

These enhancements improve quality of life and drive demand for housing.

Expected Tampa Housing Market Trends for 2025

Tampa-St. Petersburg has been named in several reports as a housing market to watch for 2025. Here’s why.

Tampa home prices forecast

The forecast for 2025 suggests another increase in home prices in Tampa. The Tampa Bay Business Journal reports that median home values may rise to $386,630 by September 2025. Of course, as home values climb, affordability may become more of a concern, especially for first-time buyers.

Forecasted average home prices for various neighborhoods

Redfin provided this list of 15 popular Tampa, FL neighborhoods. While we cannot offer 2025 price projections for these neighborhoods, here are the current home values for these popular neighborhoods as of November 2024.

• Ballast Point: $578,763 (up 1.7% YoY)
• Bayshore Beautiful: $991,550 (up 2.6% YoY)
• Beach Park: $1,325,739 (up 4.1% YoY)
• Davis Island: $1,448,938 (up 4.9% YoY)
• Downtown Tampa: $491,901 (down 5.0% YoY)
• East Tampa: $264,219 (up 3.9% YoY)
• Forest Hills: $336,232 (up 4.1% YoY)
• Harbour Island: $592,212 (down 1.9% YoY)
• New Tampa: $490,422 (up 0.7% YoY)
• Old Seminole Heights: $379,890 (up 1.9% YoY)
• Palma Ceia: $931,875 (up 1.9% YoY)
• South Howard: $495,135 (up 0.1% YoY)
• Tampa Heights: $435,230 (up 1.2% YoY)
• Ybor City: $287,890 (down 0.1% YoY)

Source for home values: Zillow, November 2024

As you look at these home values, remember your Tampa real estate license income is based on a percentage of the sale price. You can earn up to 3% when assisting with a sale, which you must share with your brokerage. Real estate is a lucrative industry, even when you factor in the total cost of getting your license.

Breakdown of market trends for different property types

The Tampa-St. Petersburg metro area has shown strong performance as a real estate investment destination, with an 8.6% annualized total return over the past 10 years, according to the NCREIF Property Index (NPI).

This positive trend is expected to continue across various property types.

Single-family homes are likely to remain the most sought-after, particularly in family-friendly neighborhoods. Due to continued demand, price growth is anticipated.

Condos are also projected to see steady appreciation, especially in places popular with young professionals.

Meanwhile, townhomes are expected to grow in popularity as a more affordable alternative to single-family homes, with price increases forecasted at 3-4%.

Tampa’s housing market forecast for 2025 remains optimistic, with steady growth in home prices, ongoing demand, increased supply, and a robust economic foundation.

Don’t wait to get your real estate license in Tampa. Start your Florida real estate course today by enrolling in Gold Coast Schools.

Sources:

“2025 U.S. | Canada Emerging Trends in Real Estate.” Urban Land Institute. ETRE 2025 – Home page

Llovio, Louis. “Report: Tampa-St. Pete Housing Will Be a Top 5 US Market in 2025.” Business Observer, October 31, 2024. https://www.businessobserverfl.com/news/2024/oct/31/tampa-housing-market/.

Learn What You Can Earn

The post Market Trends: Tampa Home Prices Forecast for 2025 appeared first on Gold Coast Schools.

Key Takeaways

• Part-time real estate is an excellent choice for individuals seeking flexible hours and extra income. It’s ideal for those with other commitments, such as family or a full-time job.
• Many agents start part-time to gain experience and build a client base before transitioning to real estate as a full-time career.
• While building a real estate career part time, agents can explore related side jobs, like property management, real estate photography, or home staging, to supplement income during slower times.

5 Common Reasons to Consider Being a Part-Time Real Estate Agent

Being a part time real estate agent in Florida is popular for many reasons.

1. Real estate can supplement your household income.

Many individuals pursue real estate part-time to boost their household income. It can be a highly lucrative endeavor. Even a few sales per year can increase your income considerably, as real estate professionals typically earn between 5 and 6 percent of a property’s sales price.

Download our latest salary guide to learn the average salary of part-time real estate agents in Florida.

2. Real estate offers flexibility for those seeking work-life balance.

With flexible hours, being a part time real estate agent appeals to people with other full-time commitments or personal responsibilities. You can schedule client meetings around your own availability, allowing time for family activities or personal errands.

In real estate, there’s no one to answer to when you want to take a day off to go to the beach or have a leisurely lunch with a friend.

3. Some test the waters before going into real estate full time.

Many view part-time real estate as a stepping stone to a full-time career. Working part-time allows you to gain experience, build a client base, and grow your confidence while maintaining another job.

Keeping your full-time job also gives you a dependable income as you build your real estate business.

“The income potential in Florida real estate can be significant, but it’s important to have realistic expectations. New agents should be prepared for the possibility of a slow start. It’s wise to have a financial cushion to cover expenses during the initial months. Understanding the commission structures and the costs associated with marketing and licensing is essential.” Mehdi Khachani, CEO of JMK Property Management, said.

4. Real estate investors may work part-time to gain industry insights.

Some individuals work part-time in real estate due to a personal interest in properties, investment opportunities, or market trends. They may use this information and insight in their own investments as a way of increasing their passive income.

5. Real estate attracts people with an entrepreneurial spirit.

Real estate provides a sense of independence, allowing individuals to manage their time, clients, and workload at their own pace.

These reasons make part-time real estate a viable and appealing choice for people seeking flexibility and extra income without committing to a full-time role.

What’s drawing you to the real estate industry? Whether it’s the need for flexible work hours or the desire to supplement your household income with real estate commissions, remember that even as a part-time real estate agent, you’ll first need to obtain your real estate license.

Side Jobs for REALTORS®

Building your network and client base to secure your first client can take time. Some real estate agents report waiting several months before their first commission. Here are some side jobs for part-time real estate agents to bridge income gaps or add to their workload. Some are careers you can get with a real estate license, while others require other professional skills.

These related fields can help you grow as an agent and a professional:

• Residential or commercial property management
• Real estate photography
• Home staging
• Real estate consulting
• Teaching or tutoring
• Leasing agent
• Freelance marketing
• Social media management
• Blog writing
• Notary public
• Virtual assistant

Earning your license soon will provide multiple career options to help meet your income goals. In addition, they provide great experience for those new to the industry.

“I look for agents willing to take on rental leads in the beginning. It gets them experience and a little immediate income. Getting those “at bats” is key because they learn about different situations. If you only want to hold out for a million dollar sale off the bat, its a mistake. Pivot quickly but you have to get experience and rentals are great training grounds.”Jeff Lichtenstein, President & Broker of Echo Fine Properties, said.

Tips for Balancing a Part-Time Real Estate Career

Some part-time real estate agents struggle to work enough hours to grow their real estate side hustle. Others find it challenging to maintain a balance between work and personal life. Here are some tips for keeping a healthy balance as a part-time real estate agent.

Tip 1: Set clear boundaries.

Define your work hours and personal time to avoid letting real estate tasks take over your full-time job or personal life. Let clients know when you’re available so they have clear expectations.

Tip 2: Delegate tasks.

Consider outsourcing tasks like administrative work, marketing, or social media management. Virtual assistants can handle tasks that don’t require your direct attention, helping you save time.

Tip 3: Leverage technology.

Use digital tools and real estate apps to streamline your work. CRM systems, automated follow-ups, and online marketing platforms can help you manage clients and listings efficiently.

Tip 4: Practice self-care.

Make time for relaxation, exercise, and hobbies to recharge. Taking care of your physical and mental health is vital for long-term success.

Tip 5: Be realistic about your workload.

Don’t overextend yourself by taking on too many clients or responsibilities. Focus on quality over quantity, and only commit to what you can manage without sacrificing balance.

Tip 6: Work with a team.

Part-time agents often find success by working with a team. This setup ensures that clients receive immediate attention while agents work the hours that best fit their schedules.

By setting clear boundaries, prioritizing tasks, and maintaining a healthy work-life balance, part-time real estate agents can enjoy the flexibility of their careers without sacrificing personal well-being.

Steps to Becoming a Part-Time Real Estate Agent in Florida

Learn the details of how to become a real estate agent in Florida. Here’s a summary of the steps:

Step 1: Meet basic requirements to become a real estate agent in FL

To earn a real estate license in Florida, you must be at least 18 and have a U.S. Social Security Number and a high school diploma or equivalent (GED). Non-citizens must have legal permanent residency and a valid U.S. Social Security Number.

Step 2: Complete pre-licensing courses

Enroll in a 63-hour pre-licensing course from a state-approved real estate school

Step 3: Pass a background check

Complete fingerprinting at a LiveScan location and provide information about your legal history.

Step 4: Submit your license application

Complete an online application and pay the application fee.

Step 5: Pass the Florida real estate exam

Pass a standardized test covering state and national real estate laws and practices with a 75 percent or higher

Step 6: Connect with a real estate brokerage

Licensed agents in Florida must work under a broker’s supervision. Many new agents connect with brokers through career fairs at local real estate schools

Can You Be a Part Time Real Estate Agent in Florida?

Yes! Real estate makes a great part-time gig. Whether you plan to work part time or full time, enrolling in prelicensing courses is the first step to starting a career in real estate. Gold Coast Schools offers in-person, live online, and flexible self-paced online prelicensing classes in Florida. Taught by experienced instructors, these courses provide the knowledge you need to get your license soon and tools you need to succeed in your real estate career.

Get Your License Soon

The post Become a Part-Time Real Estate Agent: Is It Right for You? appeared first on Gold Coast Schools.

Here’s a breakdown of what characterizes individuals aiming to become real estate agents in Florida. Our data, collected at the end of 2023, reveals that new agents come from a range of age groups and educational backgrounds.

Key Takeaways

• People of all ages enter real estate. Many come from varied educational backgrounds, with 31% holding a bachelor’s degree and 25% having some college education without a degree.
• Most new real estate students come from industries outside of real estate, with 13% transitioning from healthcare. Most have no prior experience in the field before pursuing their licenses.
• Real estate agents report high job satisfaction. In fact, 73% are certain they will stay in the industry for at least two more years, and 51% rely on real estate as their primary household income source.
• People are drawn to real estate for its income potential, flexibility, and the opportunity to be their own boss, making it a popular career switch option.

Overview of Current Real Estate Agents’ Career Outlook and Job Satisfaction

Before diving into the survey results for those pivoting to real estate, let’s review the career outlook for active, experienced agents, as provided by the National Association of REALTORS® (NAR).

According to the 2024 NAR Member Profile Highlights, 73% of respondents were certain (and 19% somewhat certain) that they would remain active in the real estate profession for the next two years.

Additionally, 75% of those surveyed stated real estate was their primary occupation, with 51% indicating that real estate earnings were the primary income source for their household.

This data underscores that real estate agent job satisfaction remains high, even amidst recent changes brought on by the NAR lawsuit settlement.

Survey Overview of Prospective Real Estate Agents in Florida

A survey conducted in November 2023 among individuals who purchased or planned to purchase a real estate education program reveals that a broad range of age groups and career backgrounds are interested in entering the profession.

New Real Estate Agent Demographics in Florida

Here’s what we learned about aspiring real estate agents in Florida:

You’ll learn everything you need to know to succeed in real estate from pre-licensing courses and on-the-job training.

The majority of real estate students maintain full-time jobs, but only 20% are currently working in real estate in a role that doesn’t require a license. Interestingly, 13% of those exploring a career switch come from the healthcare industry.

You don’t need a college degree to become a real estate agent. However, you do need to complete a 63-hour course. Please note: The 63 hours are not college credit hours. Your qualifying education can be completed in person, through a livestream class, or at your own pace online.

You’re not too young or too old for real estate! Agents from many different age groups find success in the field.

Real Estate Career Plans

Many prospective or newly licensed real estate agents are uncertain whether they’ll pursue real estate as their sole source of income. Real estate can be a profitable part-time venture since much of the work can be done evenings and weekends. Download our free Florida salary guide to learn how part-time real estate agents’ earnings compare to those of full-time agents.

Reasons Why People Want to Earn a Florida Real Estate License

Why do current agents report high career satisfaction? What motivates Floridians to leave other industries and enroll in Florida real estate classes? According to our report, the top reasons include:

• Income potential (Check out the average first-year salary!)
• Flexibility
• Opportunity to be their own boss
• Love for homes
• Desire to help others
• Boost in career satisfaction

Why do you want to become a real estate agent in Florida?

Whatever your reasons, you get your license quickly by taking online real estate courses through Gold Coast Schools.

Master Real Estate – Free Starter Kit Here

The post Florida Real Estate Agent Demographics and Job Satisfaction: Insights from a Recent Survey appeared first on Gold Coast Schools.

En este artículo, examinaremos cómo se desempeñó el mercado inmobiliario de Orlando en 2023 y hacia dónde se dirige al entrar en la segunda mitad de 2024.

Desempeño del Mercado Inmobiliario de Orlando en 2023

El desempeño mediocre del mercado inmobiliario de Orlando el año pasado se debe principalmente a dos factores principales: bajo inventario y altas tasas hipotecarias.

Bajo Inventario

Según el Informe del Estado del Mercado de la Asociación Regional de REALTORS® de Orlando, el inventario de viviendas en Orlando en mayo de 2023 era de solo 5,149, lo que constituía solo alrededor de 1.63 meses de suministro (se considera óptimo un suministro de 6 meses). Este bajo inventario ejerció presión sobre el mercado, excluyendo a los compradores, especialmente a aquellos que buscaban ingresar al mercado por primera vez. Tampoco ayudó que la población de Orlando creciera más del 5% en solo tres años (de 2020 a 2023) debido en parte a la migración desde otras partes del país durante la pandemia. Este aumento de población ejerció presión adicional sobre un mercado inmobiliario ya estresado en Orlando.

Altas Tasas Hipotecarias

Además, la tasa hipotecaria promedio para los habitantes del centro de Florida en mayo de 2023 fue del 6.62%, un aumento del 25.4% respecto al año anterior. Esto significa que una vivienda de $400,000 a una tasa hipotecaria fija del 2.5% a 30 años, que muchos pudieron obtener durante el pico de la pandemia en 2020, con un 10% de pago inicial, costaría aproximadamente $1,400 por mes (sin incluir impuestos y seguro). Compara eso con la misma vivienda, pero con una tasa hipotecaria del 6.62%, y esa factura mensual aumenta a $2,300, un aumento del 64%. No es de extrañar por qué la gente estaba esperando al margen.

Afortunadamente para los habitantes de Orlando, esta presión sobre el mercado estaba comenzando a aliviarse.

Pronóstico del Mercado Inmobiliario de Orlando para 2024

Muchas cosas pueden suceder en solo un año, y de mayo de 2023 a mayo de 2024, muchas cosas sucedieron en el mercado inmobiliario de Orlando.

El Inventario de Viviendas en Orlando se Duplica

En mayo de 2024, el inventario de viviendas en Orlando creció a 10,282, casi el doble de su nivel del año anterior, constituyendo un suministro de 3.5 meses, el más alto desde 2016. Este aumento de inventario se debe en gran parte a la construcción de nuevas viviendas. Orlando es la cuarta ciudad del país en cuanto a nuevas viviendas por cada 100,000 personas. Aunque las interrupciones en la cadena de suministro han ralentizado la tasa de construcción de nuevas viviendas, se espera que la tasa de nuevas viviendas aumente drásticamente a medida que los materiales de construcción se vuelvan más disponibles (y menos costosos).

Las Tasas Hipotecarias tienden a la Baja

Al mismo tiempo, la tasa hipotecaria promedio para los habitantes del centro de Florida disminuyó del 6.62% al 6.58%, una disminución del 0.6% respecto al año anterior. Aunque esta tasa hipotecaria sigue siendo bastante alta, está tendiendo en la dirección correcta. Además, muchos esperan que la Reserva Federal reduzca las tasas de interés en los próximos meses, lo que podría reducir aún más las tasas hipotecarias.

Los Precios de Venta de Viviendas Aumentan más del 8%

Según Redfin, el precio medio de venta de viviendas en Orlando en mayo de 2024 fue de $407,440, un aumento del 8.7% respecto al año anterior. Si bien un precio de venta más alto puede excluir a algunos compradores, Orlando sigue siendo una ciudad relativamente asequible para comprar bienes raíces, con el precio medio de venta de viviendas en los EE.UU. situado en $420,800.

Factores Económicos Favorables

Además, la economía de Orlando ha tenido una notable recuperación desde el pico de la pandemia. La tasa de desempleo en Orlando pasó del 23.4% en mayo de 2020 al 2.9% en abril de 2024, más de un punto porcentual por debajo de la tasa de desempleo nacional. No solo hay más habitantes de Orlando trabajando, sino que también están ganando más. Si bien el ingreso medio de los hogares cayó tras la pandemia, superó los niveles previos a la pandemia para 2022 y sigue tendiendo al alza. Estos alentadores factores económicos sin duda ayudarán a más personas a salir del margen y entrar al mercado inmobiliario.

¿Qué significa esto para los agentes inmobiliarios?

A medida que más viviendas llegan al mercado y las tasas hipotecarias continúan bajando, más personas podrán ingresar al mercado inmobiliario de Orlando, haciendo que ahora sea un buen momento para involucrarse y convertirse en un agente inmobiliario con licencia.

¿Quieres saber más sobre cómo aprovechar el mercado inmobiliario caliente de Orlando?

El curso de Bienes Raíces de Orlando de Gold Coast School describe lo que necesitas saber para hacer de 2024 tu año.

The post Pronóstico del Mercado Inmobiliario de Verano 2024 en Orlando appeared first on Gold Coast Schools.

In this article, we’ll examine how the Orlando real estate market performed in 2023 and where it’s headed as we enter the second half of 2024.

Key Takeaways

• After a slow 2023, the Orlando housing market is showing signs of recovery with increased home inventory and a slight decrease in mortgage rates.
• High mortgage rates and low inventory led to a 20% decrease in home sales in 2023. Low inventory, exacerbated by a growing population, and high mortgage rates made homeownership less accessible.
• By May 2024, the home inventory in Orlando had nearly doubled, and mortgage rates slightly decreased, contributing to a more favorable market environment. Additionally, the median home sale price increased by over 8%, indicating a rising demand.
• Orlando’s economy has rebounded significantly since the pandemic, with a low unemployment rate and rising household incomes, which are expected to boost the real estate market further.

Orlando Real Estate Market Performance in 2023

The Orlando real estate market’s lackluster performance last year is due primarily to two main factors: low inventory and high mortgage rates.

Low inventory

According to the Orlando Regional REALTOR® Association State of the Market Report, the Orlando home inventory in May 2023 was a bleak 5,149, constituting only about 1.63 months of supply (6 months is considered optimal). This low inventory put pressure on the market, pricing out buyers, especially those looking to enter the market for the first time. It also didn’t help that Orlando’s population grew over 5% in just three years (from 2020-2023) due partly to migration from other parts of the country during the pandemic. This population increase put additional pressure on Orlando’s already stressed housing market.

High mortgage rates

Moreover, the average mortgage rate for central Floridians in May 2023 was 6.62%, a 25.4% increase from the previous year. This means that a $400,000 home at a fixed, 30-year 2.5% mortgage rate, which many could get during the height of the pandemic in 2020, with 10% down, would cost approximately $1,400 per month (not including taxes and insurance). Compare that to the same home but with a 6.62% mortgage rate, and that monthly bill increases to $2,300, a 64% increase. It’s no wonder why people were waiting on the sidelines.

Fortunately for Orlandians, this pressure on the market was starting to ease.

Orlando Real Estate Market Forecast for 2024

A lot can happen in just one year—and from May 2023 to May 2024, a lot happened in the Orlando real estate market.

Orlando’s home inventory doubles

In May 2024, Orlando’s home inventory grew to 10,282, almost double its level the previous year, constituting a 3.5-month supply, the highest since 2016. This increased inventory is due in large part to new home construction. Orlando boasts the number four city in the country for new homes per 100,000 people. Although supply chain disruptions have slowed the rate of new home construction, you can expect the rate of new homes to increase dramatically as building materials become more available (and less expensive).

Mortgage rates trend downward

At the same time, the average mortgage rate for central Floridians dropped from 6.62% to 6.58%, a 0.6% decrease from the previous year. While this mortgage rate is still relatively high, it is trending in the right direction. Moreover, many expect the Federal Reserve to cut interest rates in the coming months, potentially reducing mortgage rates even more.

Home sale costs increase by over 8%

According to Redfin, the median sale price for homes in Orlando in May 2024 was $407,440, an 8.7% increase from the previous year. While a higher sale price may exclude some buyers, Orlando remains a relatively affordable city to buy real estate, with the median sale price for homes in the U.S. sitting at $420,800.

Favorable economic factors

Additionally, the Orlando economy has made a striking comeback since the height of the pandemic. Orlando’s unemployment rate went from 23.4% in May 2020 to 2.9% in April 2024, more than a percentage point lower than the national unemployment rate. Not only are more Orlandians working, but they are earning more, too. While the median household income took a dive in the aftermath of the pandemic, it has surpassed pre-pandemic levels by 2022 and continues to trend upward. These encouraging economic factors will undoubtedly help more people get off the sidelines and into the real estate market.

Average Home Value by Orlando Neighborhood

July 2024

What Does This Mean for Florida Real Estate Agents?

As more homes come onto the market and mortgage rates continue to come down, more people will be able to enter the Orlando real estate market, making now a great time to get in on the action and become a licensed real estate agent.

Want to learn more about how to take advantage of Orlando’s hot real estate market? Gold Coast School’s Orlando Real Estate course outlines what you need to know to make 2024 your year!

Sources:

“Building and Construction Industry Face Supply Chain Disruptions, but There Is Hope.” Greenbuzz. Accessed July 5, 2024. https://greenbuzz.gatech.edu/news/building-and-construction-industry-face-supply-chain-disruptions-there-hope#:~:text=Over%20the%20past%20year%20and,ranging%20from%20contractors%20to%20insurers.

“Orlando Metro Area Population 1950-2024.” MacroTrends. Accessed July 5, 2024. https://www.macrotrends.net/global-metrics/cities/23091/orlando/population#:~:text=The%20metro%20area%20population%20of,a%201.93%25%20increase%20from%202020.

Warmoth, Justin. “Central Florida’s Housing Market Expected to Improve in 2024. Here’s Why.” WKMG, February 5, 2024. https://www.clickorlando.com/news/local/2024/02/05/central-floridas-housing-market-expected-to-improve-in-2024-heres-why/#:~:text=Home%20sales%20in%20Orlando%20region,in%202023%20compared%20to%202022&text=ORLANDO%2C%20Fla.,outlook%20will%20improve%20in%202024.

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Related article: Understanding the NAR Lawsuit Settlement and Its Impact

Key Takeaways

• Real estate commissions remain negotiable. Despite regulatory changes affecting how buyer agent compensation is listed on MLS following the settlement, the flexibility to negotiate commissions is unchanged. The settlement does not directly impact the fees that sellers and buyers pay for services.
• As home prices rise, even potential changes in commission percentages could be offset by the increasing total value of commissions.
• Despite speculation about the end of traditional real estate models due to digital platforms and discounted services, the majority of U.S. home sellers continue to use agents or brokers.

What You Need to Know About Real Estate Commissions

Here’s what you need to know about U.S. real estate commissions post-settlement.

1. Real estate commissions have always been negotiable.

Real estate commissions have always been and will continue to be negotiable. Typically, residential real estate commissions range between 5-6% of the price of the property. Traditionally, sellers would pay the entire commission, which would be shared among the seller’s agent, buyer’s agent, and the respective brokerages.  Before the settlement, it was common practice for the seller’s agent to share the buyer’s agent commission amount in the agent-only section of an MLS (multiple listing service.)

Following the settlement, the seller’s agents are restricted from posting the buyer agent compensation on the MLS. However, commissions will remain negotiable. The proposed settlement does not influence the actual fees that sellers and buyers will incur for services.

2. Commissions increase alongside home prices.

While commissions have varied regionally and been negotiable over time, home prices have been rising across nearly every U.S. market.
Should there be shifts in commission structures, agents might receive a smaller percentage of each sale. Nevertheless, as home prices climb, the total value of commissions is likely to increase.

3. Efforts by companies offering low-cost real estate services have generally not been successful.

Despite predictions about the decline of buyer’s agents with the rise of online property listings, attempts by firms like Purplebricks and Redfin to capture market share through flat fees or reduced commissions have largely not succeeded. According to a 2024 study by NAR, 89% of home sellers in the U.S. engaged an agent or broker.

Predicted Changes in Real Estate Commissions After the NAR Lawsuit Settlement

The future of real estate commissions post-settlement is still uncertain. Here are some thoughts about common predictions:

Related content: What Real Estate Professionals Need to Know About the NAR Settlement

More buyer’s agents may offer alternative payment structures.

Post-settlement, it’s anticipated that buyer agents might increasingly adopt reduced commission percentages, flat fees, or hourly rates. NAR member buyer agents will need to secure written buyer agency agreements prior to providing brokerage services, leading to more upfront discussions about compensation.

The traditional commission structure may continue to be the norm.

There is a possibility that the longstanding commission framework will continue, with buyers and sellers accustomed to the usual 5-6% commission for a seamless transaction process.

Buyer agent commissions might eventually be rolled into a mortgage.

Some first-time homebuyers would have difficulty coming up with a substantial amount of cash to pay their agent when putting money down on the loan and paying for moving expenses. For now, buyers aren’t allowed to roll buyer’s agent fees into their mortgage. However, according to NPR, a change in mortgage underwriting rules may allow this practice.

The need for smart, customer-focused real estate agents will continue post-settlement. Don’t wait to go through the licensing process. Get started today by enrolling in your pre-licensing courses with Gold Coast Schools.  Gold Coast Schools offers online, livestream, and in-person Florida real estate classes. Begin your real estate career in Florida with Gold Coast today.

Sources:
“2024 Home Buyers and Sellers Generational Trends Report.” National Association of REALTORS®. Accessed June 10, 2024. https://cdn.nar.realtor/sites/default/files/documents/2024-home-buyers-and-sellers-generational-trends-04-03-2024.pdf.
Horsley, Scott. “If You Recently Sold Your Home, You Might Get Part of Your Realtor Fee Back.” NPR, March 22, 2024. https://www.npr.org/2024/03/22/1239486107/realtor-fee-commission-homes-for-sale.

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Key Takeaways

• Real estate success relies heavily on building connections with various professionals in the industry, which can lead to business growth and personal development.
• Networking enhances industry knowledge, credibility, and access to leads while providing emotional support and guidance from experienced professionals.
• A strong network increases clients’ confidence in an agent’s ability to serve them well and expands the client base through referrals from local stakeholders.
• Strategies such as attending events, joining associations, participating in online communities, building relationships with vendors, and remembering special occasions can improve networking abilities.
• While networking is crucial, prioritizing client interests and delivering excellent customer service should always remain paramount for real estate agents.

Why Is Networking So Important In Florida Real Estate?

Networking is important for many reasons. Networking with the right people will increase your real estate knowledge, help you build credibility in the local industry, and give you access to more leads.  In addition, with a supportive network, you can seek emotional help and guidance from seasoned professionals as you navigate the ups and downs of a challenging but fulfilling career.

Here are some additional insights on why networking is important in real estate.

1. Networking allows you to increase your industry knowledge.

Real estate is a dynamic field. Through networking, real estate professionals can stay updated on the latest industry developments in Florida and at the national level, including regulatory changes and market trends. This knowledge will help you better advise your clients.

Additionally, by networking with peers and industry experts, real estate agents can gather market intelligence about specific locations, property types, and target demographics. This intelligence helps make data-driven decisions, a critical aspect of serving clients.

2. Networking allows you to build credibility in your local industry.

Consistent networking and positive relationships with industry leaders will help you build a strong reputation in the real estate community. With these relationships, a sales agent can prove themselves to be professional, ethical, and full of integrity.

Establishing this credibility and trust can help real estate agents become an authority in the Florida market. In addition, these relationships can lead to positive word-of-mouth marketing for your real estate business.

3. A strong network may increase your client’s confidence in your ability to serve them well.

Clients are more likely to entrust agents with solid relationships with other local stakeholders – such as appraisers, lenders, and home improvement contractors. Clients appreciate agents who can work effectively with a network of professionals to achieve successful outcomes.

4. Networking with local leaders can expand your knowledge and client base.

We’ve already established the importance of networking with professionals adjacent to the real estate industry. However, you must also get to know local leaders working outside of the profession. Discussions with business and civic leaders give agents insights into local market dynamics, trends, upcoming projects, and economic conditions. In addition, building relationships with these individuals will increase the likelihood of receiving referrals.

5. Networking can help you gain real estate leads.

Networking often leads to referrals and recommendations – and leads. Positive word-of-mouth marketing is the most effective and cost-effective marketing campaign because referrals are free and have higher credibility.

For more insight into why networking is critical for real estate agents, sign up for our Agent Blueprints for Success. Each week, you’ll receive a free ebook offering tips and strategies for growing your real estate business – including how to grow your network.

Top Tips for Real Estate Networking in Florida

Even if networking is out of your comfort zone, it’s an essential practice for establishing your real estate business. Here are a few strategies for improving your networking abilities.

1. Attend industry events.

Attend real estate conferences, trade shows, and other events as a top priority, as these offer opportunities to meet other industry professionals. Always bring business cards and be ready to start conversations. Follow up by connecting on LinkedIn, texting, or extending an invitation to meet for coffee. Stay in touch to maximize your networking opportunities.

2. Join professional associations.

Joining professional associations will help you learn more about the industry and give you access to events. However, don’t simply “join” your Florida real estate board or national association – get involved. Look for opportunities to join committees or volunteer for events. Be an active participant!

3. Participate in online communities.

Join online forums, social media groups, and other virtual communities focusing on your interests, niche, or local area. Be an active participant to establish your brand. Remember to stay positive when interacting online.

4. Build relationships with vendors and contractors.

You may find it simple to establish relationships with those working directly in the real estate industry, especially if you are active in your brokerage and join local associations. However, branching out into real estate-adjacent fields may require more work. In addition to establishing relationships with lenders, inspectors, and contractors, you can find the best house cleaners, painters, and movers in your Florida community.

Here are a few ideas on how to build relationships with vendors and contractors:

• Attend their industry events and trade shows.
• Provide referrals and recommendations to vendors based on positive experiences.
• Share and comment on their social media posts.
• Understand the contractors’ services, pricing, and availability.
• Negotiate preferred rates or discounts for your clients with vendors and contractors.

Follow up regularly with your contacts and tell them you greatly appreciate their referrals and leads.

5. Remember special occasions or milestones.

Birthdays, anniversaries, and other important dates can be an excellent opportunity to reach out to members of your network and strengthen those relationships. Post well wishes on their social media pages or text on important days.

6. Use social media to stay top-of-mind with your contacts.

Of course, social media makes it easier to connect with industry participants. However, there’s more to establishing a relationship than simply sending a request to connect. Comment on posts or (if applicable) share a review. Share articles and tag interested parties.

7. Be professional and responsive.

Remain professional when networking. If you have personal social media accounts, make sure they are set to private. Everything you do and say is a reflection of your business. Use your interaction with others to show that you are a responsive, knowledgeable, and ethical professional worthy of recommendations.

8. Prioritize your clients – and the rest will take care of itself.

As a real estate agent, you must put your client’s interest before your own. Take that duty seriously and prioritize customer service. Yes, networking is essential, but it should not supersede the crucial work you do for your clients.

There’s more to learn about networking in the real estate industry. Sign up to receive Gold Coast School’s Agent Blueprints for Success, which gives you access to a series of ebooks, including Networking Like a Pro. If you still need to earn your license, there’s no better real estate school in Florida than Gold Coast Schools. We offer Florida pre-licensing, continuing education, and reactivation courses. Contact a Gold Coast enrollment advisor to learn more.

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