Careers

Careers in Real Estate

A career like Real Estate has a lot to offer those young and ambitious people who dream of a prosperous life.

Real Estate Careers to Consider

The field of real estate is constantly evolving, keeping demand strong for many jobs and careers associated with it. In fact, the Association of Real Estate License Law Officials (ARELLO) estimates that there are nearly 2 million active real estate licensees in the U.S. alone. Real estate careers offer so many benefits for those who don’t want to. Work a traditional nine-to-five job.

There is a wide range of career options associated with the real estate industry; you may not even know some of them exist! As a result, one may find deciding the right career path overwhelming. So, if you’re looking for a job in real estate, you’ll need to do your research first. In this blog post, you will learn about different real estate careers along with their job description, salary, and requirements to make it easier to choose the right career path.

Real estate agent

Residential real estate agent

Residential real estate agents facilitate the home-buying process between sellers and buyers. You can specialize further by focusing on specific types of property, such as single-family homes, condominiums, luxury homes, vacation homes, or foreclosures. You will need a license to become a residential real estate agent, but your success depends on how well you meet your client’s needs. Additionally, before starting a career as a real estate agent, you should have a lead generation strategy. Another requirement to be successful as an agent is to have excellent customer service, networking, and marketing skills.

Commercial real estate agent

Commercial real estate agents are similar to residential agents, but they work in the retail sector of the real estate industry. So, instead of houses, commercial real estate agents sell properties to businesses. Additionally, this type of real estate career requires you to have analytical knowledge in business and finance. This is because commercial agents work with data such as gross income multipliers, capitalization rates, and internal rates of return.

Real Estate Broker

A broker and an agent are very similar in their real estate jobs. The only difference, however, is who they work for. Essentially, real estate agents sign with a brokerage firm. Real estate agents, therefore, work for real estate brokers. On the other hand, brokers have the option of working independently or starting their brokerage. Which of these real estate careers works best for you? If you have an entrepreneurial drive, consider a career in real estate as a broker.

Real Estate Developer

Real estate developers are those who buy land and build a property on it. This includes everything from a 4-bedroom single-family home to office buildings. A real estate developer is responsible for planning and coordinating the construction of these buildings, financing them, and bringing in a team to execute the plan. This means that real estate developers also work with architects, engineers, contractors, construction teams, leasing agents, lawyers, and other professionals related to different aspects of property.

Real Estate Marketing Specialist

Real Estate Consultant

Let’s say you have worked in one of the real estate careers mentioned above for many years, and you are sure that you have enough knowledge about the real estate industry. If you are looking for a new job, becoming a real estate advisor is your best option. Consultants are professionals who provide advice to real estate investors or companies interested in purchasing properties and earn $67K a year doing so! Their knowledge also allows them to notice trends and predict the future of real estate to provide valuable information that helps investors achieve their goals. Please note that you must take a licensing exam to become a real estate consultant.

Real Estate Loan Officer

A real estate loan officer helps clients obtain a loan to purchase a property. That is, they collaborate with buyers to finance their purchases within their budget. To get a job as a real estate loan officer, you must be registered with the National Mortgage Licensing System, and to register, you must meet the requirements. Additionally, you should also be knowledgeable in finance, as you will help clients navigate the financial waters of their real estate purchases. After all, you are their guide through the stress that follows money problems. Glassdoor estimates that the average real estate salary for a loan officer is $34,000.

Mortgage Broker

Are you good with people AND numbers? If he answered yes, you could have a future as a mortgage broker! A mortgage broker serves as an intermediary between the lender and the borrower and does not actually lend money. Mortgage brokers are contractors who analyze mortgage loan products and advise clients on loan availability, qualification requirements, interest rates, and terms.

Real Estate Appraiser

Some might think that an inspector and an appraiser do the same thing, but that is not the case. Appraisers are professionals who determine the value of commercial or residential real estate. Becoming a real estate appraiser means you need to know how to value properties based on their features location, and comparing the property to other similar properties.

Leasing Agent

If becoming a leasing agent is your career path in real estate, then you will work directly with landlords to find the perfect tenant to lease their rental properties. You will have the option of working in commercial real estate (leasing business) or residential real estate (individual tenant leasing).

Real Estate Assistant

Real estate assistants provide administrative support to agents and brokers. Typically, an assistant’s job includes filing documents, answering phone calls, and posting property listings. On paper, this real estate career isn’t the most glamorous option. However, assistants are an essential part of any real estate transaction! Real estate agents and brokers alike agree that assistants are irreplaceable and necessary to grow their business.

Real Estate Lawyer

Real estate attorneys are professionals who apply their skills to the legalities behind property disputes. For example, when there is a problem with title, documentation, transfers, or other legal issues, the attorney’s job is to step in and resolve the tension. Lawyers are most helpful when guiding clients during the transaction process to ensure that the sale of the home is legal.

Home inspector

A real estate inspector examines real estate properties for defects or problems that are causing problems for the buyer, seller, or agent. Inspections are a critical part of the transaction in the real estate industry. This is because a home inspector helps point out any flaws or defects that may go unnoticed. Glassdoor estimates the average base salary for a real estate inspector to be $38k/year.

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