Real Estate Associate
Real estate associates help clients sell or buy properties such as houses, condominiums, commercial buildings, land, and other real estate.
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Broker, Real Estate Agent, Real Estate Professional, Realtor, Salesperson
In Canada, the federal government groups and organizes occupations based on a National Occupational Classification (NOC) system. This alis occupation may not reflect the entire NOC group it is part of. Data for the NOC group can apply across multiple occupations.
The NOC system is updated every 5 years to reflect changes in the labour market. Government forms and labour market data may group and refer to an occupation differently, depending on the system used.
Here is how this occupation has been classified over time.
2006 NOC
2006 NOC-S
2011 NOC
2016 NOC
2021 NOC
2023 OaSIS
Most real estate associates represent people who are involved in selling or buying residential properties such as houses and condominiums. However, some specialize in selling and buying commercial, industrial, or retail properties, or land for future development. Others focus on leasing or managing residential, commercial, industrial, or retail properties.
Each specialty requires knowledge of the type of real estate and the local market. For example, those in residential real estate must be aware of local land-use bylaws, building restrictions, property taxes, and municipal development plans.
In general, real estate associates:
Working conditions for real estate associates vary. Although they generally work in offices, they spend a great deal of time outside the office. They show properties to clients, meet people, and research the market. They often work evenings and weekends. Most real estate associates work long hours and are almost always on call.
In Alberta, this occupation is part of 1 or more 2006 National Occupational Classification (NOC) groups. If there are multiple related NOC groups, select a NOC heading to learn about each one.
Interest in persuading to solicit property sales listings from prospective vendors; may rent or lease properties on behalf of clients
Interest in compiling information to advise clients on market conditions, prices, mortgages, legal requirements and related matters
Interest in assisting prospective buyers in selecting, visiting, inspecting and making offers to purchase on real estate properties
To identify or change your interest codes, complete the Interests Exercise in CAREERinsite.
The interest code helps you figure out if you’d like to work in a particular occupation.
It’s based on the Canadian Work Preference Inventory (CWPI), which measures 5 occupational interests: Directive, Innovative, Methodical, Objective, and Social.
Each set of 3 interest codes for this NOC group is listed in order of importance.
A code in capital letters means it’s a strong fit for the occupation.
A code in all lowercase letters means the fit is weaker.
To fill in or change the values for your abilities, complete the Abilities Exercise in CAREERinsite.
A Quick Guide
You are born with abilities that help you process certain types of information and turn it into action. These abilities influence which skills you can learn more easily.
The abilities or aptitudes shown for this NOC group come from the General Aptitude Test Battery (GATB). The GATB measures 9 aptitudes. It groups them into 3 categories: mental, visual, and physical.
The abilities scores range from 1 to 5, with 5 being stronger.
Real estate associates need:
They should enjoy helping people find homes. They should like taking a methodical approach to compiling information. They should enjoy working on their own in a highly competitive field.
In Alberta, this occupation is part of 1 or more 2016 National Occupational Classification (NOC) groups. If there are multiple related NOC groups, select a NOC heading to learn about each one.
This chart shows which job skills are currently in highest demand for this occupational group. It was created using this occupation's 12 most recent Alberta job postings, collected between Nov 15, 2021 and Nov 14, 2024.
Review these skills to learn:
Tasks: Assist prospective buyers in making offers of purchase on real estate properties | 5 |
---|---|
Conduct open houses for prospective buyers | 4 |
Use real estate software packages | 4 |
Financial benefits: Commission | 4 |
Tasks: Conduct open houses for prospective buyers | 4 |
Draw up sales agreements for purchaser's and seller's approval | 4 |
Assist prospective buyers in making offers of purchase on real estate properties | 4 |
Work under pressure | 4 |
Solicit property sales listings from prospective vendors | 4 |
Tasks: Assist prospective buyers in selecting, visiting and inspecting real estate properties | 4 |
To be successful, real estate associates need marketing and negotiating skills, computer skills, a driver’s licence, and reliable transportation.
To enter the profession in Alberta, they must complete all real estate pre-licensing courses as offered by the Real Estate Council of Alberta (RECA). For more information, see the Certification Requirements section.
The following schools offer programs or courses that are related to this occupation but are not required to enter the field.
To expand or narrow your program options, visit Post-Secondary Programs and start your search with:
Completing a program does not guarantee entrance into an occupation. Before enrolling in an education program, prospective students should look into various sources for education options and employment possibilities. For example, contact associations and employers in this field.
There are different licenses required in real estate based on the area that you wish to practice (such as residential, commercial, farm and acreage, etc.). Each area of real estate is very different from the next.
Certain professional titles or duties within this occupation are protected by provincial legislation. Requirements vary if you use these titles or perform these duties.
The related legislation is shown below. If there are multiple related legislations, select a certification heading to learn about each one.
Real estate licences allow holders to practice in 1 or more areas. They can help clients sell, buy, lease, or manage residential, commercial, or rural properties.
Under Alberta’s Real Estate Act [pdf] and Real Estate Exemption Regulation [pdf], you must hold a real estate licence from the Real Estate Council of Alberta (RECA) to trade in real estate or engage in property management.
For information on what you need and other details, visit the certification profile Real Estate Broker or Property Manager.
Source: 2021-2025 Alberta Regional Occupational Demand Outlook
Real estate associates are independent businesspeople. They work for and are supervised by licensed real estate brokers. Real estate is very competitive and turnover in the first few years can be high.
Experienced real estate associates with training in the brokers program may advance to help in managing the brokerage. With more time on the job, they may operate their own brokerage. Real estate associates may become licensed property managers if they wish to specialize in this area.
This section shows the industries where the majority of people in this occupation work. The data is based on the 2016 Census.
In Alberta, this occupation is part of 1 or more 2016 National Occupational Classification (NOC) groups.
Real estate agents and salespersons
2016 NOC: 6232
99.2% of people in this occupational group work in:
NOC groups often include several related occupations. Although there is labour market data for the larger NOC group, this occupation makes up only a part of that group. It means data for this occupation may be different than the data shown. For examples, see Note.
This section shows the short-term demand forecasted for this occupation in Alberta over a 3-year period. It also shows the number of people employed in the occupation.
In Alberta, this occupation is part of 1 or more 2021 National Occupational Classification (NOC) groups.
Source: 2023-2025 Alberta Short-Term Employment Forecast
NOC groups often include several related occupations. Although there is labour market data for the larger NOC group, this occupation makes up only a part of that group. It means data for this occupation may be different than the data shown. For examples, see Note.
To see data for all occupations, visit Occupations in Demand.
This section shows the employment outlook for this occupation in Alberta over a 5-year period.
Employment outlook is influenced by a wide variety of factors including:
In Alberta, this occupation is part of 1 or more 2016 National Occupational Classification (NOC) groups.
Source: 2021-2025 Alberta Regional Occupational Demand Outlook
Annual growth is from 2021 to 2025. New positions created each year are in addition to job openings created by employment turnover.
NOC groups often include several related occupations. Although there is labour market data for the larger NOC group, this occupation makes up only a part of that group. It means data for this occupation may be different than the data shown. For examples, see Note.
Employment turnover is expected to increase as members of the baby boom generation retire over the next few years.
Real estate associates work for brokerages. They work on commission and must pay many of their expenses from their gross commissions. For example, real estate brokers may give their associates office space, supplies, and clerical support on a fee-for-service basis.
Earnings vary greatly from month to month and from one associate to another. Commission-based income depends on the volume of transactions a real estate associate takes part in. It also depends on ups and downs in the real estate market. In general, the top-selling associates in any real estate office earn most of the total earnings for all real estate associates.
In Alberta, this occupation is part of 1 or more 2016 National Occupational Classification (NOC) groups. If there are multiple related NOC groups, select a NOC heading to learn about each one.
Unless otherwise noted, the data shown here is for all industries and all regions in Alberta.
All wage estimates are hourly except where otherwise indicated. Wages and salaries do not include overtime hours, tips, benefits, profit shares, bonuses (unrelated to production), and other forms of compensation.
To see the full survey data for this NOC group, visit the wage profile.
Other wage sources
To make an informed wage and salary decision, research other wage sources [pdf] to supplement this data.
Lower Reliability, represents a CV of between 15.01% and 33.00% and/or if fewer than 20 survey observations and/or if survey observations represent less than 33% of all estimated employment for the occupation.
Wages* | Low (5th percentile) | High (95th percentile) | Average | Median |
---|---|---|---|---|
Starting | $19.23 | $53.63 | $27.19 | $22.69 |
Overall | $23.08 | $55.48 | $37.87 | $38.46 |
Top | $23.08 | $76.92 | $58.25 | $60.10 |
Swipe left and right to view all data. Scroll left and right to view all data.
* All wage estimates are hourly except where otherwise indicated. Wages and salaries do not include overtime hours, tips, benefits, profit shares, bonuses (unrelated to production) and other forms of compensation.
Pay brackets for hourly wages
ALL INDUSTRIES | $86,205 |
---|---|
Construction | $76,813 |
Alberta Real Estate Association (AREA) website: www.albertarealtor.ca
Building Owners and Managers Association (BOMA) Canada website: bomacanada.ca
Real Estate Council of Alberta (RECA) website: www.reca.ca
Real Estate Institute of Canada (REIC) website: reic.ca
Get information and referrals about career, education, and employment options from Alberta Supports.
Updated Mar 31, 2022. The information contained in this profile is current as of the dates shown. Salary, employment outlook, and educational program information may change without notice. It is advised that you confirm this information before making any career decisions.