{"id":69173,"date":"2021-05-07T04:30:18","date_gmt":"2021-05-07T09:30:18","guid":{"rendered":"https:\/\/www.zilculator.com\/blog\/?p=69173"},"modified":"2021-05-07T04:30:21","modified_gmt":"2021-05-07T09:30:21","slug":"how-to-work-in-real-estate-16-real-estate-careers-analyzed","status":"publish","type":"post","link":"https:\/\/www.zilculator.com\/blog\/how-to-work-in-real-estate-16-real-estate-careers-analyzed\/","title":{"rendered":"How To Work In Real Estate? 16 Real Estate Careers Analyzed."},"content":{"rendered":"\n<p>There are a variety of different career options in the property industry, some of which you may not even be aware of! Subsequently, you might feel overwhelmed when choosing a proper career path. If you are interested in a real estate career, some due diligence will need to be done on your part. This article will talk about various careers in real estate, as well as a brief job description, average salary, and professional requirements that come with them.<\/p>\n\n\n\n<div id=\"toc_container\" class=\"toc_white no_bullets\"><p class=\"toc_title\">Contents<\/p><ul class=\"toc_list\"><li><a href=\"#Real_Estate_Investors\"><span class=\"toc_number toc_depth_1\">1<\/span> Real Estate Investors<\/a><\/li><li><a href=\"#Real_Estate_Wholesalers\"><span class=\"toc_number toc_depth_1\">2<\/span> Real Estate Wholesalers<\/a><\/li><li><a href=\"#Residential_Real_Estate_Agents\"><span class=\"toc_number toc_depth_1\">3<\/span> Residential Real Estate Agents<\/a><\/li><li><a href=\"#Commercial_Real_Estate_Agents\"><span class=\"toc_number toc_depth_1\">4<\/span> Commercial Real Estate Agents<\/a><\/li><li><a href=\"#Real_Estate_Brokers\"><span class=\"toc_number toc_depth_1\">5<\/span> Real Estate Brokers<\/a><\/li><li><a href=\"#Leasing_Agents\"><span class=\"toc_number toc_depth_1\">6<\/span> Leasing Agents<\/a><\/li><li><a href=\"#Property_Managers\"><span class=\"toc_number toc_depth_1\">7<\/span> Property Managers<\/a><\/li><li><a href=\"#Real_Estate_Developers\"><span class=\"toc_number toc_depth_1\">8<\/span> Real Estate Developers<\/a><\/li><li><a href=\"#Real_Estate_Attorneys\"><span class=\"toc_number toc_depth_1\">9<\/span> Real Estate Attorneys<\/a><\/li><li><a href=\"#Home_Inspectors\"><span class=\"toc_number toc_depth_1\">10<\/span> Home Inspectors<\/a><\/li><li><a href=\"#Real_Estate_Appraisers\"><span class=\"toc_number toc_depth_1\">11<\/span> Real Estate Appraisers<\/a><\/li><li><a href=\"#Real_Estate_Assistants\"><span class=\"toc_number toc_depth_1\">12<\/span> Real Estate Assistants<\/a><\/li><li><a href=\"#Real_Estate_Marketing_Specialists\"><span class=\"toc_number toc_depth_1\">13<\/span> Real Estate Marketing Specialists<\/a><\/li><li><a href=\"#Real_Estate_Consultants\"><span class=\"toc_number toc_depth_1\">14<\/span> Real Estate Consultants<\/a><\/li><li><a href=\"#Real_Estate_Loan_Officers\"><span class=\"toc_number toc_depth_1\">15<\/span> Real Estate Loan Officers<\/a><\/li><li><a href=\"#Mortgage_Brokers\"><span class=\"toc_number toc_depth_1\">16<\/span> Mortgage Brokers<\/a><\/li><\/ul><\/div>\n<h2><span id=\"Real_Estate_Investors\">Real Estate Investors<\/span><\/h2>\n\n\n\n<p>Being a property investor can be a very rewarding career. Property investors purchase real estate or land. Their goal is to optimize profits and resell their investments. With that said, this job involves more than transactions. Successful property investors understand where and when to purchase real estate investments. They need to be knowledgeable about the property market if they want to make money from it. Making blind purchases could result in a loss of an investment. There are other requirements involved with a career in property investment, including the following:<\/p>\n\n\n\n<ul><li>Being okay with taking risks.<\/li><li>Having money on hand to purchase land or real estate.<\/li><li>Knowing where to find good investment properties, as well as the ability to analyze how profitable they can be.<\/li><li>Understanding various property investment strategies (rentals, fix\/flip, buy\/hold, etc.), along with the different kinds of properties (commercial vs. residential real estate).<\/li><\/ul>\n\n\n\n<p>Being a property investor comes with many benefits. One of the perks of this career involves investing with minimal cash! Real estate can be invested in passively \u2013 you\u2019ll have the ability to make money without a lot of involvement. Although no universal salary exists for this career, ZipRecruiter claims that property investors in America make about $124,000 a year, on average.<\/p>\n\n\n\n<p>Is a career in real estate something you are interested in? If so, Zilculator can help you with potential investment opportunities within the American housing market. We can make sure that the properties you invest in are lucrative.<\/p>\n\n\n\n<h2><span id=\"Real_Estate_Wholesalers\">Real Estate Wholesalers<\/span><\/h2>\n\n\n\n<p>Property wholesaling is a great career in this industry, and it gives you an opportunity to make money fairly quickly. This is what wholesale property work entails:<\/p>\n\n\n\n<ul><li>Find distressed properties owned by people who want to sell as quickly as possible.<\/li><li>Convince property owners to part ways with the property.<\/li><li>Convince them to sign a contract.<\/li><li>Evaluate the renovation needs of the property, as well as its after repair value (ARV). <\/li><li>Find buyers, then sell your property to one of them for a profit.<\/li><\/ul>\n\n\n\n<p><strong>Note: <\/strong>Zilculator.com is the leading <a href=\"https:\/\/www.zilculator.com\">real estate wholesaling software <\/a>that can help you with estimating ARV, Maximum Allowable offer and mainly it will get your deal sold to investors quickly, with the comprehensive property reports and the <a href=\"https:\/\/www.zilculator.com\/marketplace\">Off-Market Property Marketplace<\/a><\/p>\n\n\n\n<p>Some people mistake wholesaling with fix\/flip strategies, but those two things are very different. For starters, house flippers purchase distressed properties before conducting renovations on them. Conversely, real estate wholesalers must know the ARV and renovation costs, and then give those figures to investors. After all, these people need to see what kind of profits they will receive from the property.<\/p>\n\n\n\n<p>Wholesaling lets you engage with real estate, regardless of whether you can afford to or not. This will be a great real estate career opportunity if distressed properties are something you spot easily. If your negotiation skills are strong, that won\u2019t hurt, either. Success will not happen overnight, but if you do things right, the rewards you get will be significant.<\/p>\n\n\n\n<h2><span id=\"Residential_Real_Estate_Agents\">Residential Real Estate Agents<\/span><\/h2>\n\n\n\n<p>Being a real estate agent is a very common career in this industry. Agents specialize in helping people buy and\/or sell properties. An agent can represent either a seller or a buyer.<\/p>\n\n\n\n<p>An agent that specializes in residential properties facilitates the buying process for everyone involved. Consider specializing in specific property types, such as foreclosures, vacation homes, luxury homes, condos, and single-family units. A license will be necessary to be a residential real estate agent. Your success will be contingent on your ability to meet clients\u2019 needs. Further, you\u2019ll need to develop a strategy for lead generation. You should have natural marketing, customer service, and networking skills.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.zilculator.com\">Zilculator <\/a>is serving thousands of real estate agents and realtors since 2010. Our property reports will give your buyers the confidence they need to win the deal!<\/p>\n\n\n\n<h2><span id=\"Commercial_Real_Estate_Agents\">Commercial Real Estate Agents<\/span><\/h2>\n\n\n\n<p>A commercial agent specializes in properties people do not live in. Commercial real estate focuses on selling properties to companies. This kind of career warrants analytical finance and business knowledge. That\u2019s because commercial real estate agents use all sorts of data, including internal rates of return, gross rent multipliers, and capitalization rates.<\/p>\n\n\n\n<p>As far as salaries go, both commercial and residential real estate agents are paid by commission. As such, they will learn a set percentage of whatever the property sells for. Agents that are able to find a lot of leads are ones that end up closing more deals, and therefore, generate a lucrative income. As far as salaries go, the NAR (National Association of Realtors) claims that commercial agents earned double the amount that residential agents did in 2017.<\/p>\n\n\n\n<h2><span id=\"Real_Estate_Brokers\">Real Estate Brokers<\/span><\/h2>\n\n\n\n<p>An agent and a broker have very similar jobs. What separates one from the other are the people they represent. Real estate agents tend to sign with brokerages, so they work for brokers. Conversely, brokers are free to work independently or begin a brokerage of their own. If you consider yourself an entrepreneur, becoming a real estate broker is something you should consider.<\/p>\n\n\n\n<p>Curious about how one becomes a broker? Based on the requirements of your state, between 1 and 3 years\u2019 worth of experience as an agent will need to be earned to qualify for a broker\u2019s license. You might have to pass a broker licensing exam or complete some kind of training course. A broker is a great career if you are an agent already and want to expand your career. Glassdoor claims that USA-based real estate brokers earn a salary of just over $72,000 a year, on average.<\/p>\n\n\n\n<h2><span id=\"Leasing_Agents\">Leasing Agents<\/span><\/h2>\n\n\n\n<p>Leasing agents work with various property owners directly. They do so to find quality tenants willing to lease a rental property. You can work with residential properties and lease to individual tenants, or work with commercial properties, leasing space to businesses.<\/p>\n\n\n\n<p>Since you will be working alongside both potential tenants and clients, communication skills must be something you are strong at. There will be plenty of in-person meetings with both the tenant and client. As such, you\u2019ll have to understand how to go about navigating conversations and negotiations. A strong understanding of promotion and marketing can help you achieve success with this kind of career.<\/p>\n\n\n\n<h2><span id=\"Property_Managers\">Property Managers<\/span><\/h2>\n\n\n\n<p>Some property investors only passively invest. Others invest in real estate rentals, hiring people to manage the properties for them. Property managers ensure the physical and financial health of a property. You\u2019ll need to make sure that tenants living in the property are content. You\u2019ll also need to work alongside the owner of the property to keep things running smoothly.<\/p>\n<!-- WP QUADS Content Ad Plugin v. 2.0.17 -->\n<div class=\"quads-location quads-ad2\" id=\"quads-ad2\" style=\"float:none;margin:0px;\">\n\n <!-- WP QUADS - Quick AdSense Reloaded v.2.0.17 Content AdSense async --> \n\n\n<script type=\"text\/javascript\" >\nvar quads_screen_width = document.body.clientWidth;\nif ( quads_screen_width >= 1140 ) {document.write('<ins class=\"adsbygoogle\" style=\"display:inline-block;width:550px;height:90px;\" data-ad-client=\"pub-3164542121802998\" data-ad-slot=\"4497930067\" ><\/ins>');\r\n            (adsbygoogle = window.adsbygoogle || []).push({});\r\n            }if ( quads_screen_width >= 1024  && quads_screen_width < 1140 ) {document.write('<ins class=\"adsbygoogle\" style=\"display:inline-block;width:550px;height:90px;\" data-ad-client=\"pub-3164542121802998\" data-ad-slot=\"4497930067\" ><\/ins>');\r\n            (adsbygoogle = window.adsbygoogle || []).push({});\r\n            }if ( quads_screen_width >= 768  && quads_screen_width < 1024 ) {document.write('<ins class=\"adsbygoogle\" style=\"display:inline-block;width:550px;height:90px;\" data-ad-client=\"pub-3164542121802998\" data-ad-slot=\"4497930067\" ><\/ins>');\r\n            (adsbygoogle = window.adsbygoogle || []).push({});\r\n            }if ( quads_screen_width < 768 ) {document.write('<ins class=\"adsbygoogle\" style=\"display:inline-block;width:550px;height:90px;\" data-ad-client=\"pub-3164542121802998\" data-ad-slot=\"4497930067\" ><\/ins>');\r\n            (adsbygoogle = window.adsbygoogle || []).push({});\r\n            }\n<\/script>\n\n <!-- end WP QUADS --> \n\n\n<\/div>\n\n\n\n\n<p>Property managers need broker licenses. If this career interests you, you\u2019ll need a certain skill set, which is comprised of quick thinking, problem-solving, customer service, and managerial skills. Further, a career in property management will require a strong understanding of facility operations, marketing, and finances. You\u2019ll also need to document important details. Glassdoor claims that the average salary for a property manager in America is about $54,000 annually.<\/p>\n\n\n\n<h2><span id=\"Real_Estate_Developers\">Real Estate Developers<\/span><\/h2>\n\n\n\n<p>Property developers purchase land, then build real estate on it. Such real estate may take the form of an office building, or it may be space for a three-bedroom house. Real estate developers are responsible for coordinating and planning the development of buildings like these, financing the project, then putting a team together to bring the plan to fruition. As such, a real estate developer will have close connections with various professionals, including lawyers, leasing agents, construction teams, contractors, engineers, and architects.<\/p>\n\n\n\n<p>If you want to be a property developer, you\u2019ll require a 4-year degree studying either commercial real estate, urban planning, architecture, or civil engineering. You\u2019ll need to be knowledgeable about finances, planning processes, the property market, and the economy as a whole. If you are able to multitask, have strong project management skills, and are interpersonal in business, you will do well with a career path like this. A developer\u2019s salary will be contingent on several things, including where you work, the properties you produce, and the amount of experience you have.<\/p>\n\n\n\n<h2><span id=\"Real_Estate_Attorneys\">Real Estate Attorneys<\/span><\/h2>\n\n\n\n<p>These professionals apply skills they\u2019ve learned to legalities surrounding property disputes. As an example, anytime an issue comes up with transfers, documentation, or the title, the job of the attorney will be to settle such tensions. Attorneys can guide clients through a transaction process. They can make sure that everything is on the level.<\/p>\n\n\n\n<p>If you are interested in becoming a real estate attorney, your educational experience must be extensive. You must graduate with multiple bachelor\u2019s degrees, pass the LSAT, earn a Juris Doctor degree, then pass a bar exam. You can expect this to take up between 6 and 8 years of your life to complete. You\u2019ll then spend another couple of years gaining experience. Becoming an attorney in this industry will come with a strong salary. Glassdoor claims that real estate attorneys make $111,000 annually, on average.<\/p>\n\n\n\n<h2><span id=\"Home_Inspectors\">Home Inspectors<\/span><\/h2>\n\n\n\n<p>Real estate inspectors examine properties to see if there are any issues or defects capable of causing issues for the agent, buyer, or seller. These inspections happen to be a key aspect of real estate transactions. That\u2019s because home inspectors isolate blemishes and flaws that others might not notice. According to Glassdoor, the base salary that a property inspector earns each year is about $38,000 on average.<\/p>\n\n\n\n<p>For this type of career, the requirements will vary depending on where you reside. For example, in the state of California, no license is needed to be a property inspector. You will, however, need sufficient real estate training to accommodate clients\u2019 expectations and needs. Home inspectors also need to have a strong understanding of electricity, plumbing, wall structure, and roofing, among other things.<\/p>\n\n\n\n<h2><span id=\"Real_Estate_Appraisers\">Real Estate Appraisers<\/span><\/h2>\n\n\n\n<p>Some people think appraisers and inspectors do the exact same thing. However, this is just not true. Appraisers can be described as professionals who establish a residential or commercial property\u2019s value. Real estate appraisers must understand how properties are valued based on location, characteristics, and comparisons to similar properties.<\/p>\n\n\n\n<p>An appraisal license will be necessary if you\u2019re interested in this kind of career. 75 hours\u2019 worth of appraiser education will need to be completed, and you\u2019ll also need to pass a state exam. Because economics and finance are involved with this kind of career, a background in education will go a long way. Further, you can choose to work with a large business <em>or<\/em> by yourself to appraise commercial real estate. Glassdoor claims that the average salary for a real estate appraiser is about $53,000 annually.<\/p>\n\n\n\n<h2><span id=\"Real_Estate_Assistants\">Real Estate Assistants<\/span><\/h2>\n\n\n\n<p>A real estate assistant offers administrative support directly to brokers and agents. For the most part, this job involves promoting property listings, filing documents, and answering telephone calls. While this kind of career does not sound very glamorous, real estate assistants happen to be an integral aspect of any property transaction. Real estate brokers and agents alike will tell you the same thing \u2013 an assistant cannot be replaced and is needed for their firm\u2019s growth.<\/p>\n\n\n\n<p>A license isn\u2019t necessary if you want to be a real estate assistant. You must understand how the industry works. Being knowledgeable can help you accomplish tasks efficiently and quickly. Glassdoor claims that the average salary for a real estate assistant is $42,000 annually. If you\u2019re interested in working with agents and gaining experience directly, this is definitely a career worth considering.<\/p>\n\n\n\n<h2><span id=\"Real_Estate_Marketing_Specialists\">Real Estate Marketing Specialists<\/span><\/h2>\n\n\n\n<p>Would you like to start a career in real estate that does not involve engaging with sellers or buyers? Think about becoming a real estate marketing specialist. Such professionals execute marketing tasks for both brokers and agents. Their objective is to get the brand noticed by people. Their duties involve brand management, authoring campaign emails, developing print materials, writing digital content, and managing social networks. Real estate marketing specialists enhance the broker or agent\u2019s business presence. They help brokers and agents generate leads.<\/p>\n\n\n\n<h2><span id=\"Real_Estate_Consultants\">Real Estate Consultants<\/span><\/h2>\n\n\n\n<p>Once you have a lot of experience and knowledge in this industry, you may be interested in becoming a consultant. These professionals offer advice to property investors and organizations that are interested in purchasing property. The average salary for a real estate consultant is about $67,000 a year. You\u2019ll need to predict future real estate trends to help various investors accomplish their goals. If you want to get into this profession, a licensing exam will need to be taken.<\/p>\n\n\n\n<h2><span id=\"Real_Estate_Loan_Officers\">Real Estate Loan Officers<\/span><\/h2>\n\n\n\n<p>These people help clients get a loan so they can purchase a property. Real estate loan officers work with buyers so they can finance their purchases and remain within budget. To become a loan officer, you\u2019ll need to register with the NMLS (Nationwide Mortgage Licensing System), but only <em>if<\/em> you qualify. Financial knowledge will help you assist clients \u2013 you can guide them through the financial aspect of their purchase. According to Glassdoor, $34,000 is the annual salary for real estate loan officers, on average.<\/p>\n\n\n\n<h2><span id=\"Mortgage_Brokers\">Mortgage Brokers<\/span><\/h2>\n\n\n\n<p>Are numbers and people something you are good with? Consider becoming a mortgage broker. These specialists act as intermediaries between a borrower and lender. They don\u2019t actually lend anybody money. A mortgage broker is essentially a contractor that analyzes mortgage loan items before advising customers on a loan\u2019s terms, interest rates, qualification requirements, and availability. Realtor.com claims that the average annual salary for American mortgage brokers is approximately $51,000. If this career is one you want to pursue, you will need to do the following:<\/p>\n\n\n\n<ul><li>Undergo licensing broker training.<\/li><li>Take the SAFE MLOT (Mortgage Loan Originator Test) and pass it.<\/li><li>Apply for a mortgage broker license.<\/li><li>Get a mortgage broker bond.<\/li><li>Establish a buyer and lender network.<\/li><li>Continue your mortgage lending education.<\/li><\/ul>\n\n\n\n<p>Getting into the real estate industry can be quite rewarding. However, the career path you choose should be one that you are comfortable with. Which of the above careers interests you the most?\n","protected":false},"excerpt":{"rendered":"<p>There are a variety of different career options in the property industry, some of which you may not even be aware of! Subsequently, you might feel overwhelmed when choosing a&#8230;<\/p>\n","protected":false},"author":3,"featured_media":68959,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[159],"tags":[216,249,223,250],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v15.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How To Work In Real Estate? 16 Real Estate Careers Analyzed. | Zilculator: Real Estate Investment Analysis blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zilculator.com\/blog\/how-to-work-in-real-estate-16-real-estate-careers-analyzed\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How To Work In Real Estate? 16 Real Estate Careers Analyzed. | Zilculator: Real Estate Investment Analysis blog\" \/>\n<meta property=\"og:description\" content=\"There are a variety of different career options in the property industry, some of which you may not even be aware of! 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