Okay, ladies and gentlemen. Let’s look at the most lucrative jobs in the real estate industry, shall we? While a career in the real estate industry is oftentimes challenging and time-consuming, there is a massive potential for colossal income, even six-figures in some cases. Here are some career paths you can pursue in the real estate field. Some of them require a real estate broker license course or professional accreditation, others like the home inspector jobs, do not.
1. Home Inspector
If you already have a good main job and are looking for a part-time gig to maximize your income, you can work as a home inspector. Your job will entail inspecting the components and structures and providing relevant parties with a written report, including recommendations for additional evaluation.
Working as a home inspector can earn you somewhere between hundreds to thousands of dollars a month. You need to familiarize yourself with the components and structure of a house. You won’t need to take a real estate broker license course to work as a home inspector. Check with your state regulators about any licensing requirements.
2. Real Estate Lawyer
Fancy working as a lawyer in the real estate industry? Although it takes time to qualify, you can expect to make super dividends documenting and reviewing real estate dealings for your clients. You will be looking into purchase agreements, leases, appraisals, and inspections for your client. You will also help them resolve insurance-related and environmental issues.
Most experienced real estate lawyers make a six-figure income. Additionally, you get to forage into different areas; you can choose to represent tenants, owners, etc.
3. Real Estate Broker
A real estate broker is permitted under law to negotiate and organize real estate dealings. A career as a real estate broker is one of the highest paying and lucrative professions in the real estate industry. On average, experienced brokers take home a six-figure pay. You can only achieve this number once you get a significant amount of good reputation.
Keep in mind that a real estate broker is not the same as a real estate agent. While agents facilitate real estate dealings by bringing buyers and sellers together in exchange for commissions, they are not as qualified as brokers. Usually, a real estate broker is someone who has taken a real estate broker license course. They have the qualifications to manage a brokerage firm with several real estate agents.
4. Commercial Real Estate Agent
As a real estate agent, you can also work in the commercial sector, helping businesses lease, manage, or sell properties in exchange for substantial commissions. Many experienced commercial real estate agents make a six-figure income.
But commercial real estate agents must hone their skills. Helping businesses secure land requires in-depth statistical knowledge of the area’s property market. The advantage is that the commercial real estate industry is broad; very few businesses can also grow without leasing or buying more land or extra office space. So, if you have the experience, you will always have a business.
5. Property Manager
The advantage of getting a real estate license is that you have so many career paths to choose from. Apart from making a living as a real estate broker or agent, you can also start a career as a property manager. As a property manager, you will work with property owners ensuring their property makes money.
Most experienced property managers make a five-figure income. Some even earn upwards of $100,000, allowing them to live auspiciously. However, keep in mind that a career as a property manager is equally as challenging as it is rewarding. You will need various skills, including budget management and organization, marketing, analyzing property value, etc.
As an entry-level operative, you will most likely be working under someone who has taken a real estate broker license course or has a property manager’s license.
6. Corporate Real Estate Manager
You can also work as a property manager in the corporate world. You will be in charge of managing the real estate holding of large companies.
You will oversee the operational details of a company’s properties. You will also be responsible for maintaining their premises and making sure they grow in value.
Of course, working in the corporate field pays handsomely. Most experienced corporate real estate managers make a mid-six-figure salary. You can even earn more as you built a super good reputation for getting excellent results.
The real estate field is one of the most expansive fields, with many career options for those who find the property market interesting. Just choose a career path, get a license if you need to, and build a super reputation for getting things done. Contact us today for more information.