As there is always a possibility that the real estate market will fluctuate, professionals working in this sector should thrive on challenges.
Darryl Davis, who helps those in the real estate industry boost their productivity, says that one of the most important skills an agent should possess is the ability to "stay positive in the face of adversity".
Strong business acumen and communication skills are two more qualities he highlights, adding that it is more important than ever for real estate agents to be at the top of their game in the current housing market.
Part of the strategy for dealing with a buyer's market, Mr Davis explains, is creating a sense of urgency so that the buyer feels compelled to complete a deal without asking for a lower price.
There are over 1,000 real estate courses in the US, offering associate bachelor's and graduate degrees. Mortgage financing, property development and management, and business administration are some of the subjects that may be studied.
The majority of real estate brokers and sales agents are self-employed, according to the most recent data from the Department of Labor (DOL). Job opportunities in the profession are expected to grow by 11 per cent in the 10-year period ending in 2016.
According to the DOL, real estate brokers earn a median annual salary of $60,790 including commissions, while agents earn around $39,760.