Overview
Outlook
Data
Training
Description
Real estate agents and salespersons act as agents for the sale or purchase of houses, apartments, commercial buildings, land and other real estate. They are employed in the real estate industry.
Job Titles
- Commercial real estate agent
- Real estate agent
- Real estate agent supervisor
- Real estate sales representative
- Residential real estate agent
Main Duties
- Solicit property sales listings from prospective vendors
- Assist vendors in selling property by establishing asking price, advertising the property, listing the property with listing services and conducting open houses for prospective buyers
- Assist prospective buyers in selecting, visiting, inspecting and making offers of purchase on real estate properties
- Advise clients on market conditions, prices, mortgages, legal requirements and related matters
- Draw up sales agreements for approval of purchaser and seller
- May rent or lease properties on behalf of clients.
Workplaces
- Real estate companies
Skills
- Negotiating
- Persuading
- Social Perceptiveness
- Coordinating
- Critical Thinking
Abilities
- Fluency of Ideas
- Speech Clarity
- Speech Recognition
- Verbal Ability
- Written Comprehension
Personal Attributes
- Attention to Detail
- Independence
- Active Learning
- Adaptability
- Concern for Others
Similar Occupations
- Insurance, real estate and financial brokerage managers (10020)
- Assessors, business valuators and appraisers (12203)
- Right-of-way agent (in 12102.00 Procurement and purchasing agents and officers)
- Rentals agent (in 13101.00 Property administrators)
- Mortgage brokers (11109.05)
Source: OaSIS
Employment Outlook
The employment outlook will be good for Real estate agents and salespersons (63101) in Prince Edward Island for the 2022-2024 period.
The following factors contributed to this outlook:
- Employment growth will lead to a moderate number of new positions.
- A moderate number of positions will become available due to retirements.
- There are a small number of unemployed workers with recent experience in this occupation.
- High employee turnover in this occupation could lead to additional employment opportunities.
Here are some key facts about Real estate agents and salespersons in Prince Edward Island:
- Approximately 250 people worked in this occupation in May 2021.
- Real estate agents and salespersons mainly work in the following sectors:
- Real Estate and rental and leasing (NAICS 53): more than 95%
- The distribution of full-time and part-time workers in this occupation is:
- Full-time workers: 76% compared to 84% for all occupations
- Part-time workers: 24% compared to 16% for all occupations
- 74% of real estate agents and salespersons work all year, while 26% work only part of the year, compared to 59% and 41% respectively among all occupations. Those who worked only part of the year did so for an average of 47 weeks compared to 41 weeks for all occupations.
- 77% of real estate agents and salespersons are self-employed compared to an average of 13% for all occupations.
- The gender distribution of people in this occupation is:
- Men: 61% compared to 51% for all occupations
- Women: 39% compared to 49% for all occupations
- The educational attainment of workers in this occupation is:
- no high school diploma: 6% compared to 11% for all occupations
- high school diploma or equivalent: 28% compared to 28% for all occupations
- apprenticeship or trades certificate or diploma: 11% compared to 11% for all occupations
- college certificate or diploma or university certificate below bachelor’s: 30% compared to 25% for all occupations
- bachelor’s degree: 15% compared to 17% for all occupations
- university certificate, degree or diploma above bachelor level: 11% compared to 8% for all occupations
Source: Job Bank
Prevailing Wages
| AREA | LOW | MEDIAN | HIGH |
|---|---|---|---|
| PEI | N/A | $32,323 | N/A |
| Canada | $30,847 | $58,400 | $178,000 |
Training
There are no known training programs for this occupation in PEI. If you are aware of a local training program, please contact us.
More Info
View the full occupational profile with details on work characteristics, interests, employment requirements and more on the Occupational and Skills Information System (OaSIS) website.
Related Jobs
There are currently no job listings for this occupation on WorkPEI.