Careers in Real Estate: Agent, Property Manager…

People sitting at a deskNearly all of us dream of having a place to call our own and almost every business needs a physical location. That is why real estate, land and the natural resources and physical building on or below them are bought, sold, rented, leased, assessed, developed and managed everyday.

 

For example:

According to the U.S. Census Bureau News and the U.S. Department of Housing and Urban Development, an estimated 428,000 new homes were sold in 2008 (http://www.census.gov/const/newressales_200812.pdf); new home sales make up a very small percent of all real estate transactions. When a property is sold, or rented and a loan is taken out on a property, several different professionals have to be involved in the transaction.

Traditionally, real estate has been one of the strongest industries in our economy, even during weak economic times. When we buy, sell and rent real estate, there are several different tasks that must be done to successfully complete a transaction. Consequently, whatever your interest and skill set, a real estate career may be right for you.

Here are a few opportunities along with a brief description:

Real Estate Broker/Agent

Acting as intermediaries in the sale, purchase or rent/lease of residential and commercial properties (office buildings, hotels, apartments and retail space), brokers and agents bring buyers and sellers or renters together. They negotiate deals and act as consultants on behalf of their client; they are generally paid a commission by the property owner/seller.

Real Estate Appraisers

Skilled at estimating the value of property, appraisers ensure that buyers do not overpay and lenders don’t over lend for a property. They establish a property’s market value based on several different criteria including – location, condition, features, recent sales near the property and property type. Appraisers study, complete coursework, and work as interns so they can get familiar with their areas market; upon completion they are licensed by the state.

Property Managers

Charged with maintaining and increasing the value of the owner’s real estate investment, property managers handle the day-to-day needs of the property, including:

  • Marketing vacant space
  • Collecting rents
  • Negotiating contracts
  • Maintenance of the property

Investment professionals and lenders

Focused on the financial aspects of real estate transactions, investment professionals review and examine proposed investments for their employers. With the information provided by the investment professionals, an employer can forecast how lucrative a perspective property can be.

So if you are looking for a promising career that can offer stability and a decent income, consider pursuing a career in real estate. You never know, you may help make a family’s dream come true.

See more:
Real Estate Brokers
Appraisal Institute
NARPM®
MBA

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About the Author

I am a Managing Partner, Internet Marketer and Blogger at New Homes Section. Follow me on Twitter or check out some articles I've submitted elsewhere online.