Here is the synopsis of our sample research paper on The Relevance of Economics for the Real Estate Agent. Have the paper e-mailed to you 24/7/365.
Essay / Research Paper Abstract
This 9 page paper argues that it is important for agents to comprehend general economics and how the economy affects real estate. Some information about the profession is relayed. Bibliography lists 8 sources.
Page Count:
9 pages (~225 words per page)
File: RT13_SA716re.rtf
Buy This Term Paper »
Unformatted sample text from the term paper:
is important for success. Of course, it is not only guiding clients that see economics as a topic of conversation, but also, the fact that commissions are directly tied to
sales is relevant. In order to be successful in the field, a real estate agent in respect to residential real estate, must understand what the difference is between a buyers
and sellers market and how that impacts sales in the field. In this changing economy, it is now a buyers market, so agents are well advised to secure listings. Hence,
the agents comprehension of the economy is vital to his or her success. Before examining the economy, which is important in the scheme of things, the role of the real
estate agent should be discussed. A real estate agent facilitates the purchasing or selling of a home or commercial property. With the exception of the District of Columbia, a real
estate license is required in every state ("Real estate brokers and sales agents," 2006). The hours are long and hard, and there is usually no salary or benefits involved. Agents
work on commission. Agents often work on the weekend and evenings to accommodate the needs of the public ("Real estate brokers and sales agents," 2006). Brokers hire agents as needed.
One observation about the business is tied to the economy, as follows: "Employment is sensitive to swings in the economy, especially interest rates; during periods of declining economic activity and
increasing interest rates, the volume of sales and the resulting demand for sales workers fall" ("Real estate brokers and sales agents," 2006). What is the difference between a buyers and
sellers market? How is that tied to the economy and interest rates? How is it tied to home prices? The current buyers market is a result of declining housing prices.
...