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License applications double among realtors as market continues recovery

Today seems like the best time to become a real estate agent as reflected by an uptick in enrollment for real estate pre-licensing courses, a report on Tampa Bay Times said.

The report said that the number of aspiring realtors has climbed by as much as nearly 100 percent in states like Florida and California. In Florida alone, the number of license applicants has “almost doubled” from 23,863 in 2010 to 40,901 in 2013. California also saw its number of license takers double since 2012.

Nevada also had a 23 percent increase in real estate exam takers last year.

Citing data from the National Association of Realtors, the report also said that the association added 42,000 new member agents last year, marking a first-time increase in seven years.

Even though there are signs that the market have slowed down, the U.S. real estate market has strongly recovered from the housing crash that shook the economy. The Wall Street Journal reported that the Dow Jones U.S. Real Estate Index jumped 92 percent since 2009, even though it has failed to outpace S&P 500 index.

“But it's an impressive recovery for a sector devastated by a historic slump starting in mid-2007,” the Journal noted.

According to the Case-Shiller index, home prices in the country surged by 9.3 percent in May from last year, but that failed to exceed industry expectations.

Advantages and Disadvantages of Becoming a Realtor

Tampa Bay Times noted that aspiring real estate agents are enticed to enter the industry due to the job’s relatively easy requirements and short learning curve. Training to become an agent is also affordable with course and licensing fees averaging at no more than $1,000.

However, becoming an agent has its downsides as well, according to Tampa Bay Times. “Selling real estate is a difficult job with long hours. Studies show that most new agents quit with no or few sales,” the report said.

But for those who persevere, the returns are rewarding. NAR said that realtors earn $47,700 in 2013 on average, up from $43,500 in 2012.

Agents who are just starting out in the industry may have a lot to learn but thanks to online marketing technologies and real estate web sites, they don’t have to struggle that much. Agents seeking real estate marketing tips and advice can find Nestbuilder.com useful to become savvy on the job.

Nestbuilder.com is a property listings site where agents can create and upload professional virtual tours and videos to attract clients. The web site is also a place where agents can develop their brand and reputation, and learn from other agents in the field. The web site also offers real estate trends and updates as well as useful marketing strategies to help agents complete their first home sale.

Nestbuilder.com was developed by Florida-based company RealBiz Media Group, Inc. (OTCQB: RBIZ). The digital media company, which is a pioneer in virtual tour and video listings technology, is fast becoming top-of-mind among outstanding agents in the field. Agents from the nation’s top real estate companies such as Keller Williams, Era Real Estate, Century 21, and Prudential Select Properties rely on RealBiz Media’s suite of video marketing platforms to improve the visibility of their brands and listings.

Get started with Nestbuilder.com today. For more information on RealBiz Media’s products and services, contact RealBiz Media at 1.888.REAL.BIZ (888.732.5249) or email support@rbm.zendesk.com.