Real Estate Jobs
The real estate industry offers a unique combination of elements involving economics, sales, moral principles, and human interaction. With the BLS projecting an increase of about 87,300 new real estate jobs within the next eight years, the real estate outlook is looking bright.
To easily navigate this vast area of opportunity, we managed to compile a filtered list of the top jobs for your convenience. In addition, beneath the job listing, you’ll find genuine insight into real estate, what it takes to work in this field, and the earning potential of this broad industry. So keep reading to find out everything you need to know about the real estate world.
A List of 2020’s Highest Paying Real Estate Jobs
Real Estate Financial AnalystEnterprise Community Investment, Inc. Raleigh, NC
Project ArchitectCox graae spack architects Washington, DC
ArchitectUS Department of Homeland Security Winchester, VA
Interior Designer/SalesWalter E. Smithe Furniture & Design Oak Brook, IL
Project Manager – Interior DesignNelson Worldwide, LLC Boston, MA, USA
About Real Estate Careers
What does real estate exactly mean? In simple language, real estate means dealing with leasing, selling, buying, and managing various types of properties. It also entails advertising for new tenants in a rental property. A career in this field would require knowledge of property transactions, appraisals, tax regulations, and financial clauses. It involves both residential and commercial properties, for which there are plenty of career opportunities to choose from. Some require a mandatory license, while others require certifications or college degrees.
We’ll begin by addressing these possibilities and then proceed to highlight the best jobs, their requirements, and salaries.
What Types of Jobs are There in the Real Estate Industry?
Real estate covers all aspects of property maintenance and management. It helps people buy and sell office space, industrial properties, or homes. This field also entails land development, urban planning, mortgage banking, appraisal, and real estate counseling.
A career in real estate offers the opportunity for freedom and flexibility to choose your own hours, clients, and amount of work. How much you’re going to earn will depend mostly on your efforts and goals. For those individuals who are hungry for success and are ready to stake their claim, the real estate field provides a broad range of options to suit each person’s skills and preferences.
1. Commercial Real Estate Jobs
Commercial real estate revolves around office buildings, hotels, warehouses, medical centers, industrial parks, and malls. One of the most lucrative jobs in commercial real estate is that of a commercial real estate agent.
The commercial real estate agent’s responsibilities are the same as the real estate agent. The only difference is that the commercial real estate agent is handling commercial properties, including malls, stores, offices, and industrial properties, while the real estate agent covers residential properties.
Other notable commercial real estate careers are marketing, sales, consulting, management, financing, and construction.
Working on commercial properties is deemed more difficult than residential properties due to the amount of paperwork. It is also required to provide insight into financial information and other relevant data. However, the financial benefits of handling commercial properties are considerably higher. This makes commercial real estate a step-up for many agents, brokers, realtors, and other individuals working in this industry.
2. Real Estate Development Jobs
Real estate development means the renovation of homes, buildings, raw land, or marketing of an already improved land. These tasks are usually given to a real estate developer, who is in charge of financing deals, purchasing land, and overseeing the complete process from start to finish. The developer is also responsible for generating ideas and planning strategies for project marketing.
Experience in property management is essential for these real estate developer jobs. Apart from experience, the developer will also need to be a skillful communicator with impeccable negotiation and sales skills. A Bachelor’s degree in finance, business administration, real estate, or a relevant field is also mandatory.
Many employers offer on-the-job training to further upgrade the skills and knowledge of their real estate developers. One such incentive is to acquire a valid license to have an authority to buy and sell properties.
3. Real Estate Analyst Jobs
A career as a real estate analyst involves a lot of research on the property market and housing market trends. To become an analyst, you would need to possess extensive knowledge of statistics, mathematics, economics, and accounting.
Employees generally prefer applicants to have some sort of experience or knowledge in the above-mentioned areas. However, it’s not all doom and gloom for those with little-to-no experience. There are many opportunities to become an analyst, as many employers offer entry-level work.
Entry-level is a great way to get hands-on experience and develop skills that will aid in understanding real estate procedures, valuation tools, and legal practices.
4. Real Estate Finance Jobs
Finance plays a crucial role in every industry, including real estate. For this particular industry, this means loans and financial consultation, among other financial services. Those in charge of finance are tasked with minimizing risks and maximizing profits, using knowledge of the real estate market. Daily activities include managing property portfolios, concluding financial reports, analyzing real estate deals, and providing a financial model for investments.
These are typical real estate office jobs, with working opportunities in investment companies, hedge funds, or banks. To work in real estate finance, you need to be a graduate with at least a Bachelor’s degree in finance, real estate, or business administration.
Entry-level positions and part-time opportunities are also available. They are a great way to get hands-on experience, which is a much-needed necessity in the real estate finance world. Obtaining a certificate must also be a priority, as is deemed mandatory by many employers.
5. Real Estate Investment Jobs
Real estate investment is not an everyday job. It requires patience, time, and a lot of background and experience in real estate. However, it can prove to be extremely rewarding if the proper methods are strategically applied.
The job of a real estate investor is simple — buy properties, improve, repair, and maintain purchased properties, and then sell them for an increased profit. Piece of cake, right? Well, not exactly. An investor will, firstly, need to have substantial capital to start this process. Then comes the market research and analysis part, and, of course, negotiations.
Investors need to have a network and extensive knowledge of the worth of each investment, which is why a background in real estate is vital.
6. Real Estate Transaction Coordinator Jobs
A real estate transaction coordinator has the role of an intermediary between real estate agents, brokers, and their clients. The primary duties of a transaction coordinator are to handle all administrative tasks. This includes picking up deposit amounts and overseeing sales closures. Oftentimes, coordinators would enlist deadlines upon agents to meet the sales quota. They are also subjected to specific activities and deadlines that they need to follow.
These careers in real estate don’t have a particular educational requirement. Any given degree would suffice, although it is generally best to have a Bachelor’s in business administration to tackle all administrative work successfully.
Other than education, an applicant would need to have outstanding leadership skills to apply for this position successfully. Analytical skills are also essential to possess, as are impeccable problem-solving abilities too. All of these skills, as well as education, will aid tremendously with all administrative duties.
7. Real Estate Accounting Jobs
Real estate accountants make periodic reports, help investors make the right investment, and provide various financial support. To become a real estate accountant, you would need to graduate with a Bachelor’s degree in accounting. Applicants must know how to prepare income statements, balance sheets, tax reports, and budget reports.
Experience is necessary, as many companies are even looking for at least three to five years of experience. This, alongside a Master’s degree, is considered a huge advantage over other applicants.
8. Real Estate Attorney Jobs
The real estate attorney is responsible for all real estate matters and legal issues. Organizations usually hire attorneys to provide legal advice and prepare resolution forms and agendas. Attorneys can work both ways — helping real estate investors or clients in all legal matters, with the intention for everyone to comply with federal regulations, requirements, and laws.
Applicants who’d love to get one of these high-paying real estate consulting jobs will need to have an education in law. With that in mind, a degree in law, preferably real estate and from a reputable school, is highly recommended. Formidable communication and interpersonal skills are essential, and the applicant must be aware of the different procedures and practices with real estate legal matters. Experience is also vital, as many employers look for applicants to have at least two years of experience in law.
9. Real Estate Marketing Jobs
Real estate marketing is all about improving the marketability of the real estate investment, and, of course, increasing the sales rates. Marketers help real estate investors to market their properties and investments in an efficient manner and to ensure sales. Some consider real estate marketers to be the same as sales agents as they receive a commission of each sale generated by their marketing efforts.
Given the nature of their work, real estate marketers may come in the form of remote real estate jobs. Nevertheless, frequent client meetings are quite common to present the investment material properly.
The basic requirements are a degree in marketing, with either graduation or post-graduation course. It is essential in order to possess the know-how and have the relevant skills. Analytical skills are also mandatory, as are communication and presentation skills. Many organizations require up to at least five years of experience and excellent knowledge of the real estate field.
10. Real Estate Photography Jobs
Real estate photographers assist in marketing homes and commercial buildings that are put up for sale. They work closely with other real estate marketers and agents to provide the best photographic shots for printed materials, social media posts, or online listings. There is no formal education requirement or training to become a real estate photographer. Companies and organizations judge talent based on their skills and past experiences.
Photographers are somewhat different than most jobs in real estate, primarily because they don’t need knowledge in this field. However, they do need experience with the camera to capture the best exterior and interior shots for presentation and promotion.
To become a real estate photographer, you would need to have a strong real estate portfolio. This means you should have experience and comprehensive knowledge of photography, especially buildings and various properties.
All You Need to Know About the Best Jobs in Real Estate
The real estate industry offers a wide variety of careers to choose from, depending on each person’s preferences and skill set. One of the most common career opportunities is that of a real estate sales agent. However, it is not the only one, even though the majority of working possibilities involve buying and selling properties.
This industry has a real depth. While many organizations require previous working experience, many entry-level real estate jobs are available to get you started. With an entry-level position, you can learn the ropes and gain valuable experience that will help you progress in your career. Coincidentally, most employers also offer on-the-job training, meaning you don’t have to worry about not knowing how to complete your daily tasks.
Once you gain experience, improve your skills, and find your true passion, you can apply for the job that suits you best.
Here is a list of the best career opportunities, their requirements, responsibilities, and salaries.
1. Real Estate Agent Jobs
Real estate agents act as intermediaries between buyers and sellers. They provide guidance and assist buyers and sellers with marketing listings. This is the perfect opportunity for those who want to grow their career in the real estate industry.
However, to do that, you would first need to have a pleasant persona and be trustworthy. Relationship building is ever more important in this game, and you need to top it off with a warm and friendly demeanor.
As we have said before, this is the most common type of real estate job. It’s not easy becoming a real estate agent, though, as you need to be assertive but not overly aggressive. There is a fine line of balance that needs to be respected. Besides, you would need to be extremely knowledgeable about the real estate market, the regulations, and the best practices. You’d also need a valid license to have the authority to buy and sell properties.
- Real Estate Agent’s License
Employment Growth Outlook:
- 7% – 10% increase by 2028
There aren’t many requirements for these highly sought-after careers in real estate. However, you’d still need to excel in the following skills and qualities:
The average salary of real estate agents is estimated to be about $4,233 per month. However, sales agents are commission-based, meaning the better they are at selling properties, the higher the balance on their bank accounts will be. Real estate sales agents may receive compensation from $79 up to a whopping $119,991 per year.
With the BLS projecting an increase in new jobs within the next eight years, and with the outstanding earning potential, it’s no wonder real estate sales agents are in high demand.
2. Real Estate Broker Jobs
Real estate brokers are assisting landlords in the promotion of properties they have for sale. They are also offering various advice to those buyers who show interest in purchasing. The goal of a broker is to forward the agreement and ensure mutual satisfaction. They are also in charge of conducting supervision on the work of real estate agents.
Speaking of which, real estate agents are often related to these jobs due to their similarities to help clients buy and sell properties. However, the difference is that brokers are managers or owners of brokerage firms, while sales agents are contractors who work under designated brokers.
Knowledge of the real estate market is, without a doubt, an essential trait to have. Other than that, brokers also need to be knowledgeable in marketing to promote the client’s properties successfully.
- Real Estate Broker’s License
Employment Growth Outlook:
- 7% – 10% increase by 2028
Not only are brokers similar to real estate sales jobs, but they also have similar requirements for skills and qualities. They do differ in terms of responsibilities, though.
A real estate salesperson salary is considerably lower than that of a real estate broker. Even though they are considered similar jobs, brokers are subjected to higher paychecks by a large margin. The average monthly wage for a broker amounts to a substantial sum of $6,350.
Brokers, just like sales agents, are commission-based. They may receive compensation ranging from $66 up to a mind-blowing sum of $276,814 per year, depending on their sales targets and quota.
3. Real Estate Appraiser Jobs
Real estate appraisers are responsible for analyzing and interpreting appraisal data and producing viable and credible results for all clients and users. This means that appraisers need to be diligent, as they will aggregate and report the information to all intended parties.
To work as an appraiser, you would need to be certified or licensed. However, you can still apply for work even without a license, but you’d be enlisted in one of the real estate appraiser trainee jobs until you successfully complete the course for license or certification.
Let’s take a look at the educational requirements first, and then proceed to delve into the skills, qualities, responsibilities, and earning potential.
- Bachelor’s degree in a relevant field
Employment Growth Outlook:
- 7% increase by 2028
The Bureau of Labor Statistics projects a 7% increase in new jobs within the next eight years. This means that about 5,600 new appraisal jobs in real estate will become available by 2028.
The salary for these real estate appraiser jobs is moderate, with reports indicating solid earnings. Namely, appraisers earn, on average, $4,261 per month. They may also receive additional cash compensation, ranging from $1,077 up to a staggering $45,721 per year.
4. Real Estate Property Manager Jobs
Real estate property managers are responsible for the management of commercial and residential properties. This type of direct oversight improves the asset’s value, maximizes it alongside its revenue, and improves the overall customer’s satisfaction.
Property management real estate jobs are truly an appealing choice. The manager is tasked with ensuring the commercial and residential properties are running smoothly, and also conducts occasional inspection and maintenance duties.
- Bachelor’s degree in a related field
- Real Estate Licence (Agent or Broker)
Employment Growth Outlook:
- 7% increase by 2028
The Bureau of Labor Statistics projects a steady growth rate for property managers. This 7% increase means there will be about 26,500 new jobs for the next eight years or roughly 3,312 per month. It’s positive news, especially for those who want to start their real estate careers as property managers.
The real estate salary for property managers isn’t as lucrative as other jobs in this field. Property managers earn a solid average monthly wage of $4,473. They may also receive additional cash compensation for performance-related bonuses, ranging from $1,200 up to a fantastic yearly sum of $16,980.
5. Leasing Agent & Consultant
A leasing agent and consultant presents and leases properties to potential clients on behalf of property owners. These real estate jobs require market exploration and scouting for opportunities and potential tenants. With successful advertising and finding clients, leasing agents then work to turn them into actual ones to achieve a high occupancy rate.
Let’s take a look at what you should know should you choose to become a leasing agent and consultant.
- Bachelor’s degree in real estate, property management, or similar
Employment Growth Outlook:
To apply for this real estate job, you would need to possess at least a Bachelor’s degree in property management or real estate. Apart from the educational requirements, here is a list of essential qualities you need to own to become a successful property manager.
Leasing agents and consultants are one of the lowest-paying jobs in real estate. Their monthly wage averages $2,553. However, additional cash compensation is also available for these jobs and ranges from a minimum of $587 up to a substantial sum of $21,890 per year.
The working environment for most positions in real estate is similar. Most of them work out of the office, presenting various properties, apartments, and buildings, meeting owners, clients, or potential buyers in the process.
Sales agents and brokers are the only ones who work irregular hours since they are self-employed. The other occupations are abiding by the standard business hours and days — Monday through Friday from 9 am to 5 pm.
Real estate employment opportunities are best within areas with the most active markets in real estate. Moreover, individuals who own a Bachelor’s degree in real estate or business administration may receive the best job opportunities.
The Bureau of Labor Statistics is projecting a steady growth rate for almost all occupations. An average increase of about 7% to 10% is likely to occur within the next eight years. Real estate statistics show that the demand for these individuals will continue to grow. People who look for homes are often turning toward real estate agents or brokers to aid them in their choice.
What are some careers in real estate?
The real estate industry is a broad field in terms of career opportunities. There are various types of jobs to fit in all kinds of individuals and their set of preferences and criteria.
Here is a list of the most common, best paying, and highly sought-after careers in this field:
- Commercial Real Estate
- Real Estate Development
- Real Estate Finance
- Real Estate Investment
- Real Estate Accounting
- Real Estate Marketing
- Real Estate Sales
- Real Estate Property Management
How do you make money as a real estate agent?
Real estate agents help people in the process of buying and selling various properties. For their help, they receive a flat fee or a percentage of the total selling price of the property. Since real estate agents work with a designated broker, they are prohibited from working independently, as well as receive commission directly from their clients.
Sales agents can receive payment in different ways. However, the most common method is commission. It depends primarily on the number of deals the agent has concluded, the fee that is split by the sponsoring broker, or the commission that is paid to the brokerage firm.
Is real estate a good career path?
Determining whether or not a career is good will depend on certain conditions. These may include the working environment, job outlook, and salary. As we break down each job, we can see that working in real estate is a good career choice. No other field offers as much flexibility and freedom, while also giving highly lucrative salaries.
There is no limit to success as long as you work hard and commit to your client’s needs at all times.
Do real estate agents have second jobs?
This is a bit of a subjective topic, as different people have different criteria for income, above all. The truth is, it will all depend on the skills and qualities of the sales agent. Most real estate agents find it hard to balance their assignments and schedules while reporting mind-blowing earnings.
On the other hand, many individuals choose to work in real estate as part-time to complement their primary income. These types of part-time real estate jobs enable them to see if they are the right fit for real estate. However, the bottom line is that full-time real estate agents usually don’t have second jobs.
Working in real estate is a huge step to take and requires genuine confidence and faith. Many choose to test the waters prior to entering this field. However, those who choose to work hard will reap the benefits of this vast field.
We’ve given you insight into the various real estate jobs, as well as what it takes to work in this field and the earning potential. To ease your job hunting worries, we also compiled a filtered list of the top jobs that real estate has to offer.
Scroll back to the beginning of this article, and check out the job listing.
Happy job hunting!