There’s a common misconception when it comes to a career in Real Estate — that pursuing a career in this industry means you’re going to become a residential Real Estate Agent. While it’s true that 67% of Real Estate Agents are in residential Real Estate, there are many different career paths within Real Estate to choose from. Here are some common ones:
Real Estate Agent - A licensed professional who represents buyers and sellers in residential real estate transactions.
Real Estate Managing Broker - A licensed real estate pro with a higher license level than an agent. Has the responsibility to manage a real estate office or agency, all aspects of operation, and its agents.
Commercial Real Estate Agent - A licensed professional who represents buyers and sellers in commercial real estate transactions.
Real Estate Investor - Actively or passively invest in real estate. An active investor may buy properties, make repairs and sell it later for profit (commonly known as house flipping); an inactive investor may hire a real estate firm to find and manage investment properties for them.
Residential Appraiser - Estimate the value of residential properties.
Commercial Appraiser - Estimate the value of residential or commercial properties.
Property Manager - Manage tenants or renters, including dealing with complaints, initiating evictions, and marketing the property to fill vacancies.
Leasing Consultant - Work on behalf of landlords and property management companies to collect rent and provide customer service to renters and tenants.
Commercial Leasing Manager - Manage leasing functions such as reviewing and negotiating lease transactions and agreements.
Foreclosure Specialist - Help mortgage lenders take back and sell the homes of consumers who don't make their mortgage payments.
Real Estate Attorney - Act as litigators or handle the legal aspects of real estate transactions and deal in real property and mediate the real estate transactions gone sour.
Transaction Coordinator - handles the administrative work of the real estate transaction. This can include preparing and submitting purchase documentation, gathering information or documentation from the buyer or seller, communicating with other real estate agents, and more.
Showing Agent - Help Buyer's Agents throughout the homebuying process. They identify homes that meet buyers’ criteria and show homes to prospective home buyer clients.
BPO Specialist - Works with a neutral third party to determine the current fair market value of a specific property.