Gold Coast Schools https://goldcoastschools.com/ Florida's Leader in Professional Education Tue, 26 Nov 2024 00:23:44 +0000 en-US hourly 1 https://wordpress.org/?v=6.6.2 Do You Need a Real Estate License To Invest? https://goldcoastschools.com/news/do-you-need-a-real-estate-license-to-invest/ Tue, 26 Nov 2024 00:23:44 +0000 https://goldcoastschools.com/?p=45847 Investing in Florida real estate offers lucrative opportunities for wealth building. If you’re interested in rental properties, wholesaling, or house flipping, you may wonder, “Do real estate investors need a […]

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Investing in Florida real estate offers lucrative opportunities for wealth building. If you’re interested in rental properties, wholesaling, or house flipping, you may wonder, “Do real estate investors need a license?”

While a license is optional for real estate investors in Florida, obtaining one can offer a substantial return on investment. When you weigh the potential cost of getting your license against the amount you can save in real estate agent fees, you’ll find that getting your license is worth the time and effort.

In this guide, we’ll discuss investment opportunities in Florida and outline the benefits of having a real estate license.

Key Takeaways

  • While not mandatory for real estate investing in Florida, having a license provides access to tools like the MLS, deeper market insights, and cost savings on commissions, making it a valuable asset for investors.
  • In Florida, wholesalers and house flippers don’t need a real estate license, but having one allows greater flexibility, such as marketing properties directly and accessing exclusive property data.
  • The state’s growing population, landlord-friendly laws, and high demand for housing create strong opportunities for rental properties, wholesaling, house flipping, and commercial real estate investments.
  • A real estate license helps investors build connections through access to industry events and professional networks, opening up additional investment opportunities and career paths in real estate sales.

Real Estate Investing in Florida

Florida’s real estate market offers various investment avenues that cater to different financial goals, risk levels, and interests.

1. Rental properties

Florida is an attractive market for rental property investment. The demand for rental properties in Florida is high — as Florida is the fastest-growing state in the U.S., and property prices are keeping many residents from being able to purchase a home of their own. Additionally, Florida is one of the most popular travel destinations, making vacation rental properties an attractive investment.

Also, Florida is considered a landlord-friendly state. Tenants can be evicted with just a three-day notice, and there’s no rent control in Florida. In addition, Florida has low property taxes and zero state income tax.

2. House flipping

For those with an eye for renovations, house flipping—buying properties to renovate and resell quickly—can be profitable in some of Florida’s competitive yet affordable markets. According to the Motley Fool, the average return on investment for house flipping in the second quarter of 2024 was 30.4%. Of course, some markets are more profitable than others.

For example, Jacksonville has been named one of the country’s best markets for fix-and-flips. According to Zillow, the average home value is $294,224. Like other cities in Florida, Jacksonville’s population is growing, meaning that the demand for housing will continue to rise.

Do you need a real estate license to flip houses in Florida?

You don’t need a real estate license to flip houses in the Sunshine State. However, having one can be advantageous, as it gives you direct access to MLS listings and could potentially lower transaction costs.

3. Real estate wholesaling

Wholesaling is an investment strategy that involves securing a property under contract and selling it to another investor for a profit. This often requires less upfront capital than other types of investments and can provide quick returns.

Florida’s increasing population and high demand for housing make it a good place for real estate wholesaling.

Do real estate wholesalers need a license in Florida?

Real estate wholesalers don’t need a license in Florida if they follow specific guidelines. For example, wholesalers must focus on marketing the purchase contract rather than the property itself and ensure all parties are aware of their role as contract holders.

In contrast, having a real estate license allows wholesalers more flexibility to market properties and assist other investors without risking compliance issues.

4. Commercial real estate

As in the rest of the country, commercial real estate investments are changing in Florida. Florida investors continue to do well with adaptive reuse projects and mixed-use developments. In addition, industrial properties remain in high demand, with rising rents and limited supply driving their continued success.

Do You Need a Real Estate License to Invest?

Although not mandatory, obtaining a real estate license as an investor offers significant advantages. It grants access to essential tools, valuable insights, and critical relationships, all of which can streamline the investment process and enhance profitability. In addition, even though you need to consider the cost of pre-license courses and other licensing expenses, you can save on real estate commissions by being licensed.

Benefits of Having a Real Estate License as an Investor

Why should you complete the process of getting a real estate license if you’re interested in investing in real estate? Here are some of the reasons it’s a good idea.

1. Having a real estate license may help you save money on real estate commissions.

You may save thousands on each deal by earning your real estate license. According to FastExpert, Florida’s average real estate commission rate is 5.53% of the sale price. The buyer’s and seller’s agents typically earn a portion, which they share with their respective brokerages. As a licensed real estate agent, you can work on your own transactions, enabling you to save on a portion of the real estate commissions. However, you’ll likely be required to pay a commission to your brokerage, as they are legally responsible for overseeing your transactions until you become a broker.

As you interview Florida brokerages, ask if they offer flexible commission arrangements for agents’ personal investments. Some may offer reduced fees or special terms.

2. Having a real estate license will give you a better understanding of local real estate market trends.

Licensed investors acquire a deeper understanding of Florida’s real estate market trends, empowering them to make well-informed investment decisions. With direct access to detailed data on property values, neighborhood development patterns, and market projections, you can identify promising opportunities early. This knowledge enables you to navigate the market strategically, reduce risks, and maximize investment returns.

3. Real estate agents in Florida have MLS access.

Holding a real estate license allows you to access the Multiple Listing Service (MLS), a comprehensive database of property listings. The MLS offers detailed information often unavailable on public platforms, enabling investors to quickly identify potential deals and gain a competitive edge in the market.

4. You’ll gain a deeper understanding of real estate laws and regulations in real estate school.

Are you wondering how to get a license in Florida? It’s a straightforward process – involving a 63-hour course and a real estate exam. You’ll learn more than you could ever imagine in real estate school, including how to assist real estate investors as an agent.

5. As a real estate agent, you’ll be better positioned to network with other agents, investors, and industry insiders.

Licensed investors gain increased access to industry events, professional networks, and real estate groups, helping them build valuable connections with agents, brokers, and fellow investors.

6. Real estate can be an excellent side gig.

If you’ve been an investor for long, you know that some deals do better than others. As a licensed real estate agent, you’ll have the opportunity to work a lucrative side hustle to boost your income. (You may be surprised to learn that the average income and commission starting out as a Florida agent is $92,250!)

Are you ready to learn more about investing by earning your real estate license? Gold Coast Schools has helped agent/investors in Florida since 1970. We offer at-your-own-pace online, in-person, and livestream courses. And our exam prep materials and courses can’t be beat! Enroll today.

Sources:

“2024 Commercial Real Estate Market Preview.” Florida Realtors, October 23, 2023. https://www.floridarealtors.org/news-media/news-articles/2023/10/2024-commercial-real-estate-market-preview.

“5 Best Places & Cities to Flip Houses in 2024.” real estate skills. Accessed November 21, 2024. https://www.realestateskills.com/blog/best-places-to-flip-houses.

Real Estate Experts. “Average Real Estate Commission Rate in Florida.” FastExpert, February 14, 2024. https://www.fastexpert.com/blog/real-estate-commission-florida/.

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Veterans to Agent: Become a Real Estate Agent in Florida https://goldcoastschools.com/news/veterans-become-real-estate-agent-florida/ Wed, 20 Nov 2024 17:39:04 +0000 https://goldcoastschools.com/?p=45761 Transitioning from military service to civilian life can be challenging for many veterans. One significant hurdle is finding a career that fits. Veterans are often natural problem solvers, highly goal-oriented, […]

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Transitioning from military service to civilian life can be challenging for many veterans. One significant hurdle is finding a career that fits. Veterans are often natural problem solvers, highly goal-oriented, possess a strong work ethic, and thrive when their work provides a clear sense of purpose. This is why you’ll see many veterans becoming real estate agents.

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®.

“I chose real estate for the freedom the career provides me to set my own schedule and goals and the ability to work with so many other veterans helping them achieve the dream of home ownership.  Approximately 80% of my business is with active duty or prior service members.” – Keith Turney, LPT Realty

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.
“The skills I built during my time in the service that most help me are my ability to listen closely to my clients’ needs and my ability to negotiate and not be afraid of hearing no. In this business, “no” often just means no to part of what we are asking for, not all of it.  It’s my job to find the yes answers in the deal and capitalize on those.” – Keith Turney, LPT Realty

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!

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Understanding Orlando Neighborhoods: Guide for Real Estate Agents https://goldcoastschools.com/news/understanding-orlando-neighborhoods-real-estate-agent/ Wed, 13 Nov 2024 18:15:47 +0000 https://goldcoastschools.com/?p=45676 How well do you know Orlando neighborhoods? To make it as an agent in the Theme Park Capital of the World, you need to know the best neighborhoods in Orlando […]

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How well do you know Orlando neighborhoods? To make it as an agent in the Theme Park Capital of the World, you need to know the best neighborhoods in Orlando for real estate.

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

Orlando, Florida Skyline Aerial

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

Monument of lake nona in the Lake Nona Town center in Orlando Florida, USA

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

Park Avenue in Downtown Winter Park Florida USA

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, Orlando, USA - May 18, 2024: Girls reading and relaxing under a large shade tree by Harbor Park.

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

Exterior Dr. Phillips Center in Orlando, Florida, USA.

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

Aerial View of Lake Down in Windermere, Florida

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

Aerial view of downtown Orlando

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

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

Sidewalk and road crossing in the historic residential Thornton Park district of downtown Orlando.

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

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Market Trends: Tampa Home Prices Forecast for 2025 https://goldcoastschools.com/news/tampa-housing-market-pricing-forecast-2025/ Fri, 08 Nov 2024 14:59:08 +0000 https://goldcoastschools.com/?p=45636 It’s a great time to become a real estate agent in Tampa, FL. Let’s look at the economic, demographic, and real estate-specific indicators to determine the Tampa housing market forecast […]

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It’s a great time to become a real estate agent in Tampa, FL. Let’s look at the economic, demographic, and real estate-specific indicators to determine the Tampa housing market forecast for 2025. Then, we’ll tell you how you can capitalize on this optimistic forecast by becoming a new agent in Tampa.

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

Davis Island real estate
Mansions in Davis Island Tampa FL USA

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

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Become a Part-Time Real Estate Agent: Is It Right for You? https://goldcoastschools.com/news/become-part-time-real-estate-agent-side-jobs/ Fri, 08 Nov 2024 14:45:38 +0000 https://goldcoastschools.com/?p=45631 Are you considering real estate as a side gig or part-time job? Real estate agents in Florida can earn impressive commissions working part time. However, you might be curious about […]

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Are you considering real estate as a side gig or part-time job? Real estate agents in Florida can earn impressive commissions working part time. However, you might be curious about what it’s like to be a part-time real estate agent. Here are some insights for those considering spending a few hours a week in the real estate industry.

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 Real Estate Agents

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

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How to Become a Plumber in Florida: A Complete Guide https://goldcoastschools.com/career-opportunities/construction-careers/how-to-become-a-plumber-in-florida-a-complete-guide/ Mon, 04 Nov 2024 22:59:33 +0000 https://goldcoastschools.com/?p=45578 How to Become a Plumber in Florida: A Complete Guide  Becoming a plumber can be a rewarding and diversified career with plenty of room for growth, especially in fast-growing states […]

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How to Become a Plumber in Florida: A Complete Guide 

Becoming a plumber can be a rewarding and diversified career with plenty of room for growth, especially in fast-growing states like Florida. However, you are required to have a plumbing license to work in Florida, and the licensing process can be complicated.  

The entire process takes a minimum of four years, but the time commitment is worth it. The Bureau of Labor Statistics reports a 6% job growth over the next decade, and Florida has the third highest demand for plumbers – behind California and Texas.  

In Florida, you will find certified plumbers who can work anywhere in the state and registered plumbers who are restricted to working in the local municipality where registered. The steps to becoming certified or registered are essentially the same and include a combination of work experience and education before taking and passing an exam.   

What Does a Plumber Do?  

Plumbers do a lot more than connect pipes—they install, maintain, repair, and design plumbing systems in residential and commercial spaces. Plumbers can perform any of these functions for sewer or storm drainage facilities, private water systems, septic tanks, swimming pool piping, irrigation, solar heating systems, gas line piping, and pneumatic control piping systems.   

Successful plumbers are expert problem-solvers with advanced troubleshooting skills, know how to read and interpret construction drawings and blueprints, and have technical and mechanical know-how to correctly install, fit, and connect piping to avoid leaks and maintain adequate flow.  

Plumbers work in residential and commercial settings. Within those settings, some plumbers choose to specialize in service or construction plumbing.   

Residential Plumbers  

Residential plumbers work on plumbing systems in single- and multifamily housing. The work entails installing, maintaining, and repairing water, drain, and sewer lines and installing and troubleshooting appliances such as dishwashers, toilets, bathtubs, and water heaters.    

Commercial Plumbers  

The scope of work for commercial plumbers is like that of residential plumbers, but on a much larger scale. They work with a complex network of water supply and drainage systems in commercial buildings, large multifamily dwellings, schools, retail outlets, and other public spaces. Commerical plumbing systems handle much larger volumes of flow, have more fixtures, and complex layouts.    

Service Plumbers  

Service plumbers are expert troubleshooters who spend most of their day making repairs to existing plumbing systems. These plumbers navigate the challenges of retrofitting older and outdated systems with new materials when replacing or repairing broken pipes and fixtures. Service plumbers also install new systems when the old one can no longer be patched.    

New Construction Plumbers 

Plumbers who specialize in new construction work with a blank slate. They are experts at reading and interpreting blueprints. They understand the construction process and where their role as plumbers fits into the overall project. New construction plumbers are excellent communicators and well-versed in all aspects of residential or commercial plumbing, depending on their setting of interest. 

Types of Plumbing Licenses in Florida 

There are two types of licensed plumbers in Florida:  

  • Registered Plumbers  

A certified plumber can work statewide. Their license is issued by the Department of Business and Professional Regulation (DBPR). To become certified, you must meet the education and experience requirements and pass a written test. Certified plumbing contractors must meet a background check, have adequate insurance, and pay licensing fees. Their occupation code is designated with the letter “C.”   

A registered plumbing contractor is restricted to working within the jurisdiction where the registration was issued. They are required to meet education and experience requirements and pass a test showing competency in the profession and local regulations where they intend to work. Registered plumbers are designated by the letter “R” on their license. 

These two designations apply to your license whether you’re a journeyman level or master level plumber. The same designation applies to those who get their plumbing contractor’s license.  

Basic Requirement to Becoming a Licensed Plumber in Florida 

Whether you’re going for a “C” or “R” on your license, the steps to becoming licensed in Florida are essentially the same. You must be physically fit enough to do the job, able to squeeze into tight spaces, and work in hot and humid conditions. You must also meet some basic requirements:   

  1. Be at least 18 years old with a high school diploma or GED.  
  1. Complete the required experience and education.  
  1. Verify on-the-job experience.  
  1. Pass an exam.  
  1. Acquire liability insurance.  
  1. Demonstrate financial responsibility.  
  1. Complete a criminal background check. 

Obtain the Required Education and Training  

Before you can get your license as a journeyman plumber, you need to prove you meet the education and experience requirements. While you’re not required to attend a vocational training program or community college, you are required to get a minimum of four years of documented experience before you can take the exam. However, education counts toward experience.  

Here is a look at the different methods you can use to qualify to sit for your journeyman plumbing license exam: 

  • A four-year construction related degree from an accredited college and one year of proven experience.  
  • Three years of credits from accredited college-level courses and one year of experience as a plumbing foreman.  
  • Two years of credits from accredited college-level courses, one year of experience as a plumbing foreman, and one year as a worker.  
  • One year of credits from accredited college-level courses, one year of experience as a plumbing foreman, and two years as a worker. 
  • Four years of documented experience with one of those years as a plumbing foreman.  

Journeyman plumbers work under the supervision of a master plumber. To obtain your master plumbing license, you need an additional two years of experience as a journeyman plumber and pass an exam. Master plumbers work independently. However, if you wish to hire employees, you will need your plumbing contractor’s license.  

To open a business where you intend to hire employees, you will apply for the Certified Plumbing Contractor Qualifying Business license. The requirements are the same for getting your journeyman license with the exception of carrying workers’ compensation insurance.  

How to Find a Vocational Training Program 

The state does not maintain a list of approved vocational training programs or colleges. So, when you’re searching for a program, you want to ensure you will get the training you need to excel as a plumber. Your coursework should include a mix of classroom and hands-on laboratory hours. Practical experience should include all phases of assembly, installation, and repair to pipes, fittings, and fixtures with an emphasis on safety. Many programs offer job placement assistance, which allows you to start working—and earning—while going to school. Tuition varies considerably, but most two-year programs cost roughly $5,000. 

Some of the top programs in Florida and their tuition costs at time of publication include:  

How to Find an Apprenticeship Program 

Apprenticeships combine work experience and classroom instruction. One of the benefits of joining an apprenticeship program is that you begin to make money right away without the costs of paying for an education. A plumbing apprenticeship program is offered through the UA Local 234 union in Jacksonville, Florida. To participate, you will be required to join the union. 

Gain On-the-Job Experience 

On-the-job experience is required to get your license. Most trade schools will offer job placement services. The benefits of beginning to work in the field include learning about the day-to-day work as a plumber and gaining valuable experience that will help you pass the written portion of your exam.  

Apprenticeship programs are an excellent way to start working right away. Another option is finding a master plumber or plumbing contractor willing to hire someone new to the industry. Keep in mind, apprenticeship programs often include an educational component. That doesn’t mean you can’t get your license without classroom hours; it just means that you will need four years or 8,000 hours of experience.  

The number of working hours you need to sit for your journeyman license depends on how many classroom credits you earn.  

Pass the Florida Plumbing Licensing Exams 

The two-part exam includes the Plumbing General Trade Knowledge test and the Business and Financial Management test. You’re required to pass both parts with a 70% or better. The Business and Financial Management exam has 120 questions and is completed at a testing center.  

The Plumbing General Trade Knowledge portion is a written test. The trade exam is divided into a morning session consisting of 45 equally weighted questions and five isometric drawings worth 10 points each and an afternoon session with 65 equally weighted questions. Both sessions have a four and a half hour time limit to complete. The exam tests your knowledge in: 

  • Drainage (20%) 
  • Water distribution (20%) 
  • Natural gas piping (15%) 
  • Medical gas piping (20%) 
  • Industrial piping (10%) 
  • Swimming pools, wells, and irrigation (5%) 
  • Solar (5%) 
  • Fire protection (5%) 

The trade exam covers reading and interpreting plans and specifications, interpreting codes, basic math, plumbing components and installation techniques, maintenance techniques, OSHA regulations, tools and equipment, and isometric drawing and interpretation.  

Only designated reference materials listed on the DBPR website are allowed. This includes bound pdf reference material or bound books. Referenced books can be permanently tabbed and highlighted; however, no removal tabs (Post-it™ notes) or handwritten notes are allowed. Additionally, test takers cannot take notes in the reference material during the examination.  

Test preparation courses, like ours, include bound, tabbed, and highlighted reference materials you can bring with you to the exam. Test prep courses also include multiple practice exams to help you study. Practice tests simulate testing conditions, so you are prepared on exam day. 

Applicants apply online to take the exam. Candidates are approved by Professional Testing, Inc. Once approved, you can set a date to take the business and finance portion at a Pearson VUE site. The in-person Plumbing General Trade Knowledge exam is offered in February, April, June, August, October, and December in Orlando, Florida.  

There are three fees associated with the exam, including $135 to Professional Testing, Inc., $80 payable to the Florida DBPR for the written exam, and $80 to Pearson VUE for the Business and Finance exam. 

Applying for a Plumbing License in Florida 

After passing the exam, you will submit an application to the DBPR showing proof of education and experience, financial stability, insurance, and criminal history. There is an application fee depending on when you submit your application and whether that is an even or odd year. The fee ranges from $95 to $245. Your license is valid for two years and renews every August of every even-numbered year. It should be noted that HB 1091 reduced licensure fees by 50% for Fiscal Years 2023/2024 and 2024/2025.  

Education and Experience 

On the application, you will document your work experience and education, indicating the method of qualification. You are required to list your employer(s) name, license number, and contact information.  

Financial Stability  

This is determined by submitting a credit report and showing a credit score of at least 660. If you do not meet the required credit score, you must show proof of completion of an approved 14-hour financial responsibility course.  

Insurance  

You’re required to carry general liability insurance of $100,000 and property damage of $25,000. If you’re applying for your plumbing contractor’s license and intend to have employees, you’re required to provide worker’s compensation insurance within 30 days of issuance of your license.  

Criminal History  

Your criminal history is obtained from the Florida Department of Law Enforcement (FDLE). The FDLE will take your fingerprints and process your criminal background for the state.   

Continuing Education and License Renewal 

Continuing education (CE) is part of maintaining your license—whether you’re a certified or registered journeyman or master plumber or have your plumbing contractor’s license.  

A total of 14 hours of CE are required with a minimum of one hour each of specialized or advanced training, workplace safety, business practices, worker’s compensation, and rules and laws. The remaining CE hours can be any board-approved construction-related courses 

If you applied for your license between September 1st of an even year and April 30th of an odd year, your license will renew the first August. If you apply between May 1st of an even year and August 31st of an odd year, your license will renew a year later. In these instances, your license will renew every two years after your first renewal.  

In all other instances, your license renews on August 31st of every even year. CE must be completed prior to renewing your license.  

The renewal fee is $130 or $180 with a qualified business. Note that these fees have also been reduced by 50% through Fiscal Year 2024/2025.   

Career Opportunities for Licensed Plumbers in Florida 

The plumbing field offers a range of career opportunities. As a journeyman or master plumber, you can work for small or large companies, or you can become a licensed plumbing contractor and call your own shots.   

Service plumbers can work irregular hours unclogging drains at the most inopportune times, but rake in extra spending money with after-hours pay. Construction plumbers maintain a fairly regular 40-hour week schedule and often work for large companies that offer competitive benefits packages.  

Starting your own plumbing business in Florida can be incredibly lucrative for a business savvy plumber. There are higher costs associated with owning your own business, but you are awarded with freedom to go after the jobs you want and build your legacy.  

How much you make depends on where in the state you work, what type of work you perform, and whether you have any additional experience or certifications, such as solar water heating or gas piping. The average salary for a journeyman plumber in Florida is $51,830, and the average annual salary for a master plumber is $102,000. How much you make as a licensed plumbing contractor depends a lot on how ambitious you are. 

Conclusion 

It takes some leg work to become a licensed plumber in Florida. But it starts with education and experience. When you’re ready to take your exam, it’s important to have the resources you need to pass. That’s where Gold Costs School of Construction comes in—we’re your partner to help you study and pass your plumbing contractor’s exam.  

Right now is an excellent time to become a licensed plumber in Florida. If you have any questions about how to get your plumbing license, please contact one of our career counselors (800-732-9140), or visit Gold Coast’s course info page to learn more about the plumbing program. We look forward to showing you why contractors trust Gold Coast School of Construction for all their educational needs. 

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Florida Real Estate Agent Demographics and Job Satisfaction: Insights from a Recent Survey https://goldcoastschools.com/news/florida-real-estate-agent-demographics-survey/ Fri, 01 Nov 2024 18:41:20 +0000 https://goldcoastschools.com/?p=45566 Making a career change can feel daunting, no matter your stage in life. However, if you’re considering a switch to real estate, it’s worth noting that most agents obtain their […]

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Making a career change can feel daunting, no matter your stage in life. However, if you’re considering a switch to real estate, it’s worth noting that most agents obtain their licenses after working in a different industry. A recent survey on real estate agent demographics has uncovered some compelling information that may ease your concerns about transitioning careers.

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

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Average Starting Salary for Real Estate Agent in Florida https://goldcoastschools.com/news/average-starting-salary-real-estate-agent/ Fri, 01 Nov 2024 14:24:30 +0000 https://goldcoastschools.com/?p=43608 As a person contemplates a new career, they first consider whether the career is in an industry they enjoy. (You may have already determined that real estate is the right industry […]

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As a person contemplates a new career, they first consider whether the career is in an industry they enjoy. (You may have already determined that real estate is the right industry for you. If so – get started!) Another top-of-mind question people consider when contemplating a career pivot: “What is the average salary for real estate agents?”

When it comes to salaries, real estate is a unique industry, as real estate agents typically work solely on negotiable commissions. Most people who go into real estate are excited with the prospect of unlimited income potential, especially if they have worked hard in previous jobs without receiving financial rewards.  However, with so many possibilities, it can be hard to predict the average salary for someone getting started in real estate. Let’s look at those income stats for beginning real estate agents in Florida.

Key Takeaways: Entry-Level Real Estate Agent Salary in Florida

  • The average starting salary for real estate agents in Florida is $92,250.
  • A real estate agent’s income depends on various factors, including location, expertise, brokerage commission split, and market conditions.
  • The entry-level real estate agent salary can be maximized by following best practices.

Overall Expectations for Real Estate Starting Salaries

Starting salaries in real estate can vary widely depending on several factors, including whether you work full-time or part-time, your location, your niche (residential, commercial, luxury, etc.), your company or brokerage, and your specific role. (After all, not all people in real estate work as commissioned salespersons. You may also work as an appraiser, a property manager, or work for a real estate developer.)

Let’s do a deep dive into these factors to see how they affect your income.

Average Starting Salaries for Real Estate Agents in Florida

The average starting salary for real estate agents in Florida is $92,250, according to the  2025 Florida Real Estate Salary Guide. Find out more interesting statistics, such as how income changes with the number of hours worked, by downloading this free report.

Factors Influencing Real Estate Agent Salaries

The salary we mentioned in the last section is the average of what first-year real estate agents make.  Here are some factors influencing an agent’s starting salary.

1. Location

The commission earned by a real estate agent typically depends on the property’s sale price, so it makes sense that salespeople working in Coral Gables make more per transaction than those working in areas with a lower cost of living.

However, location isn’t the only factor determining a first-year agent’s income. People who sell lots of residential properties or focus on the commercial niche can do well, regardless of location.

2. Experience and expertise

As you review the income report, you’ll notice that experienced real estate agents report having a higher income than those getting started. This shouldn’t be surprising since experienced real estate agents typically have a more extensive network and client base, so they don’t have to work as hard to find leads.

In addition to agents with experience, those specializing in condos report earning more than agents focused on other niches. This doesn’t necessarily mean that new agents in Florida should focus their energies on condos. However, it may mean that being laser-focused on a specific niche may be one way to increase your income.

3. Brokerage and commission structures

Another factor that plays a role in how much you’ll make the first year as a real estate agent is the agreement you sign with your brokerage. Beginning real estate agents are often required to give their brokerage a larger share of their commission in return for training and helpful resources. The percentage may decrease as you become more independent.

FAQ: How much do real estate agents make per sale?

There’s no set commission rate for real estate agents. It’s always been negotiable. But historically, buyer’s and seller’s agents have earned between two and three percent of the property’s sale price, which they share with their brokerages. Some real estate agents may charge a flat fee for their services instead of having their income based on the purchase price.

Related: Real Estate Agent Commission Calculator

4. Market conditions

Finally, market conditions also influence an entry-level real estate agent salary. Interest rates, inventory, world events, and home prices may affect your income. Like most industries, real estate experiences highs and lows. However, waiting for blue skies to earn your real estate license is not a good strategy. It’s best to have an established brand and connections so you are ready to work when the market becomes hot in your location. 

Strategies for Maximizing Earning Potential Your First Year

If you are starting your real estate license courses or have already passed your licensing exam, do yourself a favor and sign up to receive Gold Coast School’s Real Estate Career Starter Kit. Our kit contains actionable strategies to maximize your earning potential as you exit the gate.

Here are a few of the topics our starter kit covers:

  • Building a strong online presence. Building a professional online presence is easier said than done, but leveraging your existing contacts is a great way to get started in the industry.
  • Networking effectively. Networking not only helps you connect with potential clients, but it’s also essential to establish connections with other agents and industry professionals, leading to referrals and business opportunities.
  • Targeting niche markets. While there’s undoubtedly high income potential in residential real estate, you may focus on luxury, investment, or commercial properties.
  • Focusing on education and training. Gold Coast Schools offers the classes you need to get licensed, renew your license, and upgrade your license. But we also offer courses that help you grow your business. Gold Coast Schools offers in-person, livestream, and at-your-own-pace online courses. We have helped hundreds of thousands of agents from Tallahassee to Key West and everywhere in between.

Contact a career advisor today to learn more about how Gold Coast Schools can help you get your real estate license and earn more than the average starting salary for a real estate agent.

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Gold Coast Schools Alumni, Sasha Valdes, Named Finalist for Real Estate Rookie of the Year Program https://goldcoastschools.com/news/valdes-rookie-of-the-year/ Thu, 24 Oct 2024 17:56:41 +0000 https://goldcoastschools.com/?p=45509 Gold Coast Schools alumni Sasha Valdes was recently named a RISMedia Rookie of the Year award finalist. Valdes was a new mom living in Colorado when she visited a friend […]

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Gold Coast Schools alumni Sasha Valdes was recently named a RISMedia Rookie of the Year award finalist. Valdes was a new mom living in Colorado when she visited a friend in South Florida who was ecstatic about his real estate career. Valdes was working in an industry that didn’t excite her at the time. After that visit, she decided to leave her current job, move to the East Coast, and throw all her energy into a career in real estate.

RISMedia’s Rookie of the Year Program

The Rookie of the Year program aims to recognize real estate agents who are new to the field but have already made remarkable strides. Nominees for the Real Estate Rookie of the Year award were evaluated based on their 2023 sales volume and transaction data, commitment to professional education, technological skills, and community engagement. This marks the program’s third year, and 25 regional finalists were announced.

“We are delighted to again partner with RISMedia to recognize new agents who have demonstrated they are thriving in their careers and, as such, making a difference in their communities and in their profession,” said Jennifer Dixson Hoff, Colibri Real Estate’s General Manager, Professional Portfolio and Partnerships.

Why Valdes Was Drawn to Real Estate

While living in Colorado, Valdes had a newborn and a child less than a year old. It had been a difficult time for the young mom, both financially and emotionally.

“Postpartum had hit me like a train wreck, and I was just really grasping onto any little bit of light that I could find,” Valdes said.

After seeing how happy a friend was working in the Florida real estate industry, her family decided to make a change. It was then that Valdes began researching Florida real estate schools.

Valdes’ Experience With Gold Coast Schools

Valdes was still living in Colorado when she found Gold Coast Schools’ online prelicensing program. She purchased and completed the program in Colorado while caring for two babies.

“Gold Coast Schools was awesome!” Vales said. “It was so easy. I took the exam, and I passed it on the first try. So, thank you, Gold Coast! They did a phenomenal job with training.”

Valdes moved to Florida in February, passed her real estate exam in March, and was fully licensed and placed at a real estate brokerage by April.

“I took off running,” Valdes said.

She visited her local Gold Coast campus after moving to Florida.

“Gold Coast is a phenomenal company, and they’re phenomenal in person. When I went to visit them and told them I got certified online, they greeted me with the biggest, warmest smile, as if I had been walking through their doors day in and day out,” Valdes said.

Valdes’ Life as a Real Estate Agent

Although getting started wasn’t easy, Valdes found she was well-suited for the career. “It’s great that I get to be in an industry and get paid to do what I’m naturally very good at — helping people find solutions,” she said.

Valdes was also good at finding a solution to succeed in her new career.

“Many people said to drop $1,000, $2,000, $5,000 dollars in advertising, and you’ll be fine. I didn’t have that. But what I do have is people skills. I have the time, and I have the dedication.”

Valdes is now an open house specialist. She teaches open house techniques at a regional level in South Florida, which was a great honor for the new agent.

“In a few months, you can build a very substantial business,” Valdes said. “I really look forward to being a shining star for other moms who are looking at a career change and believe that they can make something beautiful happen. I just want to be that example of perseverance, God’s grace, belief, and self-love. It takes a lot of love to come out of places, find new beginnings, and not be completely scared. Truly, just know that you are enough to start over whenever you want in life. And real estate can be a wonderful new beginning,” she said.

Valdes currently works for Keller Williams Realty in Florida.

To All the Moms Out There Considering a Real Estate Career

Valdes offers these words of encouragement to young moms considering a career switch to real estate.

“I want you all to know this – you can do it if you believe you can do it. If you are looking for a career in real estate and you believe in yourself, you are one hundred percent capable of doing it and doing it with grace,” Valdes said.

Visit the Gold Coast Schools’ website to learn more about Florida real estate prelicensing packages. Like Valdes, you can become a real estate agent in Florida in just a few months.

“If you do believe that this is something that you’re called for, I highly suggest you give it a shot and really lean in on yourself,” Valdes said. “You’ve got this.”

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Community Association Manager vs. Property Manager: Understanding Key Differences in Florida https://goldcoastschools.com/news/differences-between-cam-property-manager-hoa/ Tue, 22 Oct 2024 00:21:45 +0000 https://goldcoastschools.com/?p=45453 When it comes to managing properties in Florida, the roles of a Community Association Manager (CAM) and a Property Manager can sometimes be confused. Although both careers involve overseeing properties, […]

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When it comes to managing properties in Florida, the roles of a Community Association Manager (CAM) and a Property Manager can sometimes be confused. Although both careers involve overseeing properties, each professional serves a different function. Here’s a closer look at what differentiates a community association manager vs property manager.

Key Takeaways

  • CAMs manage community associations like HOAs and condominiums, while property managers focus on rental or commercial properties.
  • CAMs handle community operations, work with HOA or condo boards, manage vendor contracts, enforce rules, and prepare budgets for the board.
  • Both CAMs and property managers must be licensed in Florida.
  • HOA Managers need a CAM license if they manage budgets, board meetings, or financial operations, highlighting a crucial distinction.
  • Neither role requires a degree, but both require specific licensing. Gold Coast Schools offer training and support for obtaining these licenses in Florida.

What is a Community Association Manager (CAM)?

A community association manager, commonly referred to as a CAM, helps oversee the operations of communities such as homeowner associations (HOAs) and condominiums. CAMs often work with the HOA or condo board to enforce the community’s rules and regulations and ensure that the community adheres to its bylaws.

Related Article: Learn the Average Salary of a Community Association Manager in Florida

Definition and role of a CAM

A CAM’s primary role is to support the boards of homeowner associations, condominiums, or other community-driven organizations in managing their day-to-day operations. Also, CAMs act as the liaison between the board and the residents.

Key responsibilities of a CAM

Some of the primary duties of a CAM include the following:

  • Managing the HOA or condo board
  • Overseeing community operations and maintenance of common areas
  • Handling vendor contracts for services like landscaping, repairs, or security
  • Enforcing community rules and policies
  • Coordinating meetings for the HOA or condo board
  • Preparing budgets and financial reports for the board

Types of properties CAMs typically manage

CAMs generally manage the following types of residential communities:

  • Condominium associations
  • Homeowner associations (HOAs)
  • Cooperatives and mobile home parks

Licensing and certification requirements for CAMs

In Florida, becoming a CAM requires obtaining a license from the Department of Business and Professional Regulation (DBPR). To become a Community Association Manager (CAM) in Florida, you must be at least 18 years old and have a high school diploma or equivalent. Here’s how to get your Florida CAM license:

Here’s a brief overview of the steps for licensure:

Step 1: Complete a CAM pre-licensing course.

Enroll in and complete a 16-hour pre-licensing course from a Florida-approved education provider. The course will cover topics such as Florida laws, community management, financial management, and ethical practices.

Step 2: Submit a license application.

Submit your CAM license application to the DBPR. You’ll be responsible for an application fee of around $223.

Step 3: Undergo a background check.

Get fingerprinted for a background check through an approved service provider. Ensure the fingerprinting is completed before taking the exam.

Step 4: Pass the CAM licensing exam.

Schedule and take the state-administered CAM exam through Pearson VUE.The exam tests your knowledge of Florida laws, financial management, community operations, and more.

Step 5: Complete continuing education.

Renew your CAM license every two years by completing at least 15 hours of continuing education courses.

What is a Property Manager?

A property manager focuses on managing individual rental properties, multifamily apartments, or commercial properties. Unlike CAMs, property managers typically work with individual property owners or companies rather than community associations.

Definition and role of a property manager

Property managers oversee the daily operations of rental or investment properties. Their role primarily involves dealing with tenants, maintaining the property, and ensuring rent is paid on time.

Key responsibilities of a property manager

A property manager’s duties include:

  • Handling tenant relations and lease management
  • Collecting rent
  • Handling property maintenance and repairs
  • Marketing rental units to potential tenants
  • Ensuring the property complies with local laws and regulations

Types of properties property managers typically oversee

Property managers usually oversee the following types of properties:

  • Single-family homes for rent
  • Apartment complexes
  • Commercial buildings
  • Office spaces

Licensing and Certification Requirements for Property Managers

In Florida, Property managers are required to have a real estate license if they engage in certain leasing or rental activities on behalf of the property owner. Here’s a quick overview of the Florida real estate licensing process:

Step 1: Complete a pre-licensing course.

In Florida, you’re required to complete a 63-hour pre-licensing course from a state-approved real estate school. This course will cover essential real estate principles, laws, and ethical practices.

Step 2: Submit your application.

Submit your real estate license application to the Florida Department of Business and Professional Regulation (DBPR). The application fee is around $83.75.

Step 3: Undergo a background check.

Get fingerprinted for a background check through an approved provider. Your fingerprints will be used to conduct a criminal background check. Make sure to complete this step before scheduling the exam.

Step 4: Pass the Florida real estate licensing exam.

Schedule and take the state-administered real estate licensing exam through Pearson VUE. The exam has 100 multiple-choice questions covering state and national real estate topics.

Step 5: Find a sponsoring broker.

You must be associated with a licensed broker before activating your real estate license in Florida.

Step 6: Complete post-licensing education.

Within the first 18 to 24 months of obtaining your license, you’re required to complete 45 hours of post-licensing education in Florida.

Step 7: Renew your license with continuing education.

In Florida, real estate licenses must be renewed every two years. To renew, you must complete 14 hours of continuing education, including updates on real estate laws and industry practices.

CAM vs. HOA Managers: Are They the Same?

The terms CAM and HOA manager are sometimes used interchangeably, but there is a key distinction. If an HOA manager’s responsibilities involve tasks such as managing budgets, conducting board meetings, and ensuring the association’s financial health, they must have a CAM license in Florida. Essentially, an HOA manager who fulfills the administrative and operational functions of the HOA board is considered a CAM.

Is a Degree Required to Become a CAM or Property Manager?

Neither role explicitly requires a college degree, although it can be beneficial in advancing your career. The more important factor is obtaining the necessary licenses for each role—CAM licensing for community association managers and real estate-related licensing for property managers.

While the roles of a community association manager and a property manager share some similarities, the difference between them lies in the type of properties they manage and the specific responsibilities they handle. CAMs work closely with community associations like HOAs, whereas property managers focus on managing rental or commercial properties. Additionally, Florida’s licensing requirements set clear distinctions between these two careers, ensuring that each professional is properly equipped to handle the specific challenges of their role.

Gold Coast Schools will also ensure you can handle the challenges of being a CAM or property manager. Turn to Gold Coast Schools for your Florida CAM license or real estate license.

Learn More

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