Real estate careers
Real estate careers
There’s plenty of different types of real estate jobs in the industry. With a real estate salesperson license, you can do more than sales. Sure, it’s one of the highest paying real estate jobs, but that doesn’t mean it’s your only career option.
For example, if you’ve ever wondered what do real estate agents do for a living, you’ll have a full grasp on the job description. Alternatively, you’ll learn the details on specific careers descriptions, such as a real estate broker description. We’ll also cover how to enter these jobs, and answer questions like: how to be a real estate broker in today’s industry?
Real Estate Jobs That Require A License
Residential Real Estate Salesperson
The residential real estate salesperson facilitates the home buying process between sellers and buyers. Having a mediator is a valuable part of the transaction, because, without one, the transaction will have a higher chance of dissolving.
The success of a residential real estate salesperson is dependent on how well they meet their clients needs. Along with this, agent’s conduct their own methods of finding clients. This is why having great customer service skills are detrimental to the agent’s success.
Since the agent’s income is commission based, they will earn more when they find more leads. That’s why growing your network as a salesperson and putting your client first are the most important parts of the job.
Commercial Real Estate Salesperson
Working in the commercial sector means you’ll need to have analytical knowledge in business and finance. This is because you will be working with gross rent multipliers, capitalization rates, and internal rates of return.
Real Estate Broker
A real estate broker and agent are very similar in their job. The only difference is who they work for. Real estate agents sign with a brokerage. Therefore, agents work for the head broker, also known as the broker of record.
Real Estate Property Manager
Similar to the real estate broker, property managers must also own a broker license. Along with this, they should have great customer service skills, managerial skills, and have the ability to problem solve while on the go.
If you’re interested in a property management position, you’ll need a fair understanding of finances, marketing, facility operations, and documenting important information. When you’re not managing the property, you’ll be managing your own time.
A leasing agent is responsible for finding the perfect tenant to lease a property. They work directly with the property owner. They also have the choice in choosing the sector of real estate they want to work in.
There’s plenty of face-to-face time with the client and tenant, so you’ll need to know how to navigate negotiations and conversations.
Real Estate Jobs Where Owning a License is Recommended
Real Estate Transaction Coordinator
Having great organization, scheduling skills, and attention to detail is a necessity for this job.
Transaction coordinators will also keep track of client information, and help grow relationships between the client and brokerages. This can be done by scheduling 30, 90, and 120 day customer service follow-ups.
Real Estate Assistant
You don’t need a real estate license to be an assistant. However, having one will help you perform in your job. That’s because real estate assistants are the administrative support to agents and brokers.
Most of the time, an assistant will be filing documents, answering phone calls, and posting property listings. On paper, the job doesn’t sound the most glamorous. However, they’re an important part to any real estate operation.
Agents and brokers both agree that assistants are irreplaceable. They’re a necessity if an agent or broker wants to grow their business. By tackling the administrative projects, agents and brokers can focus on finding clients, marketing their services, and other aspects of their business.
They’re the perfect resource for home buyers.
However, without a real estate license, they are limited with how they can interact with the client. For example, a showing assistant cannot discuss pricing or conduct a sale. They would need a salesperson license in order to do so.
Real Estate Financial Analyst and Consultant
Real estate financial analysts and consultants research current market trends and statistics to predict the future of the industry. Analysts and consultants will not commonly work in the commercial sector. These predictions help decide investments, sales, and lendings.
The financial analyst and consultant works behind the scenes.
Real Estate Investor or Entrepreneur
A real estate investor or entrepreneur is someone who invests in land and property. They try to maximize profits by buying then selling land. However, there’s more to the position than just transactions.
One of them is whether they purchased a dud piece of land. That’s why investors and entrepreneurs are dealing with high financial risk in their jobs. A person who is interested in becoming a real estate investor or entrepreneur can make serious money.
They may also want to force equity by improving the land they purchased. But, doing so will cost more money.
Becoming a real estate investor or entrepreneur has a high barrier of access. Not just anyone can walk into this position. Someone who wants to purchase and own land will need the property funding to do so. In this market, that can be a lot of money.
It helps to have the funds before trying to make a career out of it.
Real Estate Marketing Specialist
Real estate marketing specialists are the professionals who execute the marketing duties. They’re goal is to get a brand seen by the public. Without them, agents and brokerages will experience a dramatically less amount of clientele.
The marketing specialist will often manage social media, create digital content, develop printed materials, write campaign emails, and manage the overall brand.
In other words, they touch up the presence of the agent or broker’s business. The reason why this is necessary to so many agencies and brokerages is because, without marketing specialists, the business will have a hard time generating leads and clients.
The marketing specialist works behind the scenes. They don’t usually have the opportunity to interact with buyers or sellers. They will also need to have detailed knowledge in the industry they work. Without that, marketing specialist will have a hard time marketing to their target audience.
Real Estate Developer
Real estate developers create the buildings on any given property. This includes everything from office buildings to a 4-bedroom house for a family. They’re mission is to coordinate the construction of these buildings on raw land.
This means that real estate developers also have the opportunity to work with architects, engineers, and construction teams. They also work alongside the contractors, leasing agents, and lawyers surrounding the legal aspects of the property.
Having skills in multitasking, interpersonal communications, and project manage is a necessity to excel in this career.
Real Estate Jobs That Require Other Licenses
Real Estate Appraiser
They’re also able to determine the value by comparing it to other, similar, properties.
You’re not required to have a real estate salesperson license, however you are expected to own an appraisers license. This is done by completing 75 hours of basic appraiser education and passing an exam by the state.
You will also work in finance and economics, so having an educational background in these areas is helpful.
According to the national average, a real estate appraiser salary in 2018 was $52,512.
Real Estate Escrow Officer
Escrow officers serve the closing transaction in real estate by acting as the third, neutral party. A real estate escrow officer is familiar with the overwhelming headaches of closing a real estate transaction – and how to manage it. These professionals work closely with agents, lenders, and other service professionals.
You will need to be familiar with handling money on a large scale. Having a good attention to detail will help you keep track of fees, commissions, and payoffs. It also doesn’t hurt if you are familiar with the law surrounding escrows and funds management.
Real Estate Inspector
In the state of California, you do not need to be a licensed to become a real estate inspector. However, the requirements to be an inspector changes depending on your state. Therefore, you need to always check the requirements.
Real estate inspectors need to know every aspect of a house. This means they have to be familiar with roofings, wall structure, plumbing, and electricity – just to name a few. That’s why most home inspectors seek out trusted training before they jump into the career.
Real Estate Loan Officer
In order to become registered, you must meet the qualifications. In addition to becoming registered, you must also have knowledge in finance.
As a loan officer, you will need to help the client navigate the financial waters of their real estate purchase. You’re their guide through the stress that follows money problems. Along with having knowledge in real estate, loans, and finance you’ll need to have excellent customer service.
Real Estate Title Officer
Real estate title officers conduct searches on the title of a property. They look for problems associated with the house or land, that would deter a buyer’s purchase. After doing a background check on the title, they report their findings to the property buyer.
They also provide information and resources on the title insurance to protect the buyer.
To become a real estate title officer, you would have to earn a title agent license or a notary license. The requirements of becoming licensed depends on your state, however you should always expect a state exam.
Title officers are always detailed oriented people. Having attention to detail in writing, research, and communication is expected, if you want to be a successful title officer.
Real Estate Attorney
Real estate attorneys are professionals who apply their skills to the legalities behind property disputes. When there’s speculation or issues with the title, documentation, transfers, or other legal problems, the attorney’s job is to step in and settle the tension.
Attorneys are the most helpful when they’re providing their clients guidance during the transaction process.
To become a real estate attorney, you will have to undergo an extensive educational experience. You need to have graduated with a bachelors degrees, pass the LSAT, earn a Juris Doctor degree, and then pass the bar exam. In total, this process could take upwards to 6-8 years to complete. This is before you spend another 2 years accumulating experience as a lawyer.
Real Estate Paralegal
A real estate paralegal is similar to a real estate attorney. You can expect to find the paralegal working closely with the attorney and the real estate agent in the transaction process. Their responsible for preparing the proper documentation and drafting agreements, letters, and insurance.
To become a real estate paralegal, you will have to go through a certified paralegal training program. People interested in becoming a paralegal will have to take paralegal studies at an accredited school, college, or university.
Every week, we release in-depth videos to help viewers become successful real estate agents on our CA Realty Training YouTube Channel. You will also find videos on our free introduction classes into our courses.
SOURCE: SOURCE: REMMOMT.COM