[Guest Post]
Making decisions regarding your career is something where you need to be extra cautious. It is because your career is all about several vital choices you need to take that affect your life in the long term.
Especially when it comes to the real estate industry, you need to take each step carefully. Do you know why? -this industry is relatively prosperous on one hand while risky on the other.
Are you willing to develop a career in the real estate sector? Then everything you need to know about it is there in this guide. So read it till the end.
Are Real Estate Industry Jobs Safe?
If you think that Real Estate Agent is the only job in the real estate industry, you are wrong. There are endless career opportunities here; all you have to do is select one according to your skills and abilities.
I do not mean to scare you, but please note the ever-changing real estate investment market. Moreover, after the COVID 19 pandemic in 2020, the real estate market fluctuations have increased more than ever. In this challenging situation, a majority of the real estate marketers experienced a record dip in interest rates.
But still, we are recommending you to go for it if you are confident enough about this sector. Although, if you are expecting that you would come across immediate results or profits, I would say you are on the wrong track.
Even after immense hard work and knowledge, people do not get desired results and decide to quit. But as per our research, the primary component here is Patience because it is not an immediate game plan.
What Are Some Career Opportunities In The Real Estate Industry?
As we said earlier, there is no end to the number of career opportunities in the Real Estate Industry. Now, if you are searching for more structured jobs, there is no issue in finding the perfect career option for you in Real Estate.
Do you want to know some career options here? Let us have a look below.
1. Commercial Real Estate Agent
Commercial real estate agents communicate with the clients like business managers or owners. This is to identify the new opportunities and sales generation. It is a “must” for them to derive statistical information and properties and revenues. In other words, if you select this career, you will be a ‘revenue-maker.’
2. Real Estate Investor
A real estate investor strategizes, plans, and regulates the wide range of activities in the real estate market. This includes leasing, buying, selling, or managing the residential/commercial/industrial real estate properties. His primary career goal is to derive as much profit as he can.
3. Real Estate Analyst
So what does a real estate analyst do? He occupies a pivotal position in the real estate sector. His sole responsibility is to research and examine the market conditions for extracting crucial data required to make investment decisions.
4. Leasing Consultant
A leasing agent or leasing consultant closely deals with the tenants and detects the locations of potential rental properties. The key responsibilities of a leasing consultant are to overview various properties, communicating terms and prices to potential clients through sales negotiation.
5. Real Estate Managing Broker
A real estate managing broker is an authorized professional who is eligible to govern a real-estate office. He has multiple agents under him. This career is the best option if you already have solid experience as an agent.
What Are Some Jobs In Real Estate Investment Trusts (REITs)?
If your idea is not very clear about Real Estate Investment Trusts, these are corporations managing real high-end portfolios of mortgages and properties. There are also some jobs in Real Estate Investment Trusts that you might not know. We have brought here a list of high-paying jobs for your ease. Check out each of them below.
- Transactions: The transaction team comprises exchanging real estate in terms of money. Can you imagine how much money you would make if your deal goes right?
- C-Suite: Roles like Chief Investment Officer, Chief Financial Officer, and Chief Executive Officer offer excellent salary packages under the C-suite.
- Finance: Financial team has considerable power in their hands. A large part of the organizational finances relies on their decisions. Therefore, their pay packages are simply fantastic!
- Development: The importance of the development team in REITs is beyond imagination concerning building and maintaining the properties. So they get paid well.
How Much Salary Can You Expect From The Real Estate Industry?
Most of the real estate jobs pay you a handsome amount, but we have shortlisted a few positions with the highest pay packages.
- Appraiser Commercial: The median average salary is $67,626/year
- Commercial Real Estate Broker: The median average salary is $72,626/year
- Real Estate Manager: The average median wage is $51,497/year
- Property Manager: The average median wage is $52,273/year
- Home Inspector: The median average salary is $53,134/year
- Foreclosure specialist: The median average salary is $60,243/year
- Real Estate Investment Consultant: The median average salary is $62,824/year
- Property Accountant: The median average salary is $65,832/year
Summary
I hope we have become able to clear a significant part of your confusion regarding career directions in the real estate industry. Indeed, a career in real estate is a roller coaster ride as you will come across a series of undulations in your career. But if you can play your card well, then you will rock the stage.
Here is one pro tip for you. Do not try to step into this world without having sound knowledge about the tips, tricks, and hacks. You do not need to be a pro but having solid ideas is quite advantageous for you.
Do you need any more clarifications? We are listening; drop a comment below, and we will reply to you back soon. So stay tuned with us to get more interesting guides on topics like education level with highest ROI.
Author Bio:
Jais Frank is a freelance content writer and enthusiastic blogger. He is the co-founder of Dream Land Estate. He contributes to many authority blogs such as RSLonline and Emblem Wealth. He also likes to write in many international magazines and journals.