The real estate industry has made a significant turnaround over the past few years, making it an outstanding industry to get involved in when looking for a career. Whether you want to be your own boss or support another company, there are plenty of opportunities out there that will allow you to put your real estate knowledge to good use. Below is a brief rundown of various career paths you can take within this industry.
Real Estate Agent
Likely one of the most common career choices in the real estate industry is a real estate agent. Your core responsibility is to assist interested parties in buying and/or selling homes. In order to become a real estate agent, you will need to have a license within the state you intend to work. You’ll need to check with your local government to find out what the certifications and criteria are for becoming an agent in your state.
Mortgage Loan Officer
Another choice in the real estate field with a bank or mortgage lender is a mortgage loan officer. Loan officers, as they are often called, specialize in property loans. They are regarded as intermediaries between the mortgage provider and the customer. Their main responsibilities are to solicit mortgages to interested buyers. They assist buyers in selecting the right loan, applying, and working with creditors to get the loan approved. The requirements needed will greatly depend on the company you choose to work for. While having a college degree is not necessary in all cases, it can prove beneficial along with other real estate licensing.
Property Management
Property managers are an ideal asset to property owners who simply don’t have the time, money, or resources to maintain a rental unit. As a property manager, you would be responsible for the upkeep up of the property as well as dealing with tenant relations. This can include but is not limited to collecting rent, the application process, advertising vacancies, and more. You will need to have a degree in management, real estate, or something closely related. You will also need to pass an exam with the Institute of Real Estate Management.
Real Estate Appraisal
As a real estate appraiser, you would be responsible for determining the value of a property. The value of a property can be necessary for reasons that include taxes, investment, rental value, and insurable value to name a few. You’ll need to have a bit of experience as an appraiser comprehending the principles of appraising. Knowledge in mathematics, accounting, and economics is also a plus. You will need to obtain a license in the state that you’re working and start as an appraiser trainee.
Real Estate Counseling
Do you love giving advice to others? Well as a real estate counselor you would be doing just that. You would provide advice about a property to investors that will help them to make informed decisions about investing in the property and its benefits in the future. Instead of actually selling real estate, as a counselor, you would be focused on the needs of the clients and helping them to make the best investment decision possible. Having a background in real estate is ideal including investing, property management, and real estate valuation.
As you can see, there are a lot of career opportunities in the real estate industry. While this article only names a few of the career paths you can take, there are numerous more that can include investing, brokerage, construction, and urban planning. All you need is a vision, a strategy, and the will to succeed and you can excel in this industry.
