Friday, November 21, 2014

Careers in real estate

Have you found yourself thinking any of these thoughts?

 “Why do I work at my current job?”

“What can I do for a living and be my own boss?”

“What careers offer flexibility and uncapped income?”

“Where can I work and get unlimited vacation time?”

If you have had any of these thoughts run through your head, a career in real estate might be for you!

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Like I have mentioned in my previous blog posts, it all starts with getting your real estate license. (If you need a refresher on how to do that, check out my blog post, “How to get started in real estate”). Once you get your license that opens the door to many possibilities for yourself.

Agent- This is the most common career that you can pursue in real estate. Want to be an independent contractor? Be your own boss? Make your own hours? Selling real estate would be the way to go.

Broker- After having your license a minimum of 3 years and learning as much as you can about the real estate industry, you can apply to be a real estate broker. See, all real estate transactions run through a brokerage, meaning salespersons do business on behalf of their broker. Being a broker adds more responsibility, but now you are officially your own boss!

*These careers require different licenses than a salesperson or brokers’ license*

Appraiser- Don’t want to sell real estate? How about get your appraisers’ license and figure out the values of houses. This is a very important job in real estate, as appraisers work with lenders, brokers and inspectors to determine the values of houses.

Inspector- This is another important career in real estate. Buyers will use inspectors to make sure their investment in a property is worth it. A real estate transaction is not cheap, so inspectors carry a lot of value in the real estate world.

Mortgage Broker/Lender- Can’t afford to pay cash for a home? That is where people in the mortgage industry come into play. Essentially, if you work on the mortgage side, you will be the most important part of the transaction. If someone cannot afford to pay for a home on their own, that deal is not happening!

Property Manager/Landlord- Want to own properties or work with someone that does? This could be an option for you.


Any of these potential careers seem interesting to you? If so, I highly recommend you check them out and consider a switch into the real estate industry!



4 comments:

  1. Matt,

    I enjoyed your Blog Post(s); way back in the early 1980's I sold Industrial Real Estate in Metro Detroit; a very tough business to make a good living.

    All My Best,
    CJC

    ReplyDelete
  2. Matt,

    Great post, as an appraiser I must say I would enjoy working with lenders more than the blood hungry appraisal management companies.

    Have a great week.

    ~Friar

    ReplyDelete
  3. It's interesting that the real estate industry supports such a variety of skills – from sales to inspection.

    ReplyDelete