If you're thinking about getting your real estate license, it's probably because you want to help people buy and sell properties. You may not be aware that there are a lot of other careers where a real estate license comes in handy. Becoming an agent isn't the only reason to get licensed. You'll use the same industry knowledge you get in real estate school to succeed in each of the careers listed below.
1. Property Manager
Property managers are the caretakers of an investment property, addressing maintenance needs and screening tenants. Good analytic skills and a keen eye for detail are useful skills here, and it's important to know local codes and ordinances.
2. Head of Marketing
Real estate companies need to advertise their business and oversee inbound and outbound leads.
"It's a plus for all marketing professionals to understand on a visceral level the business they're promoting," said Wendell Grayson, the Marketing Communication Manager for Peak Corporate Network. "That gives them the right tools to put marketing on the fast track."
3. Mortgage Broker
Mortgage brokers help individuals negotiate the best deal when getting a mortgage loan. If you are good at negotiating and crunching numbers, and you like to do so from the comfort of home or office, this real estate industry career could be more rewarding than buying and selling properties.
4. Commercial Real Estate Agent
Commercial real estate is a more technical career than buying and selling residential properties. You'll need to know tax laws, ordinances, and business concepts in order to thrive in this 9-5 career. You'll also need to have patience — deals can take much longer in commercial real estate, and there can be any number of moving parts.
5. Real Estate Investor
Investors don't fall in love with properties the way traditional buyers do. Instead, they analyze data and select properties that have the biggest potential for profit and cash flow. If you love business and finance, but you're short on people skills, this could be the real estate industry career for you.
6. Residential or Commercial Appraiser
Almost every time an individual needs to finance a mortgage loan, the lender requires an appraisal as part of the closing process. Good appraisers have a strong knowledge of the real estate market. Using local comparables, and assessing unique features, their job is to quickly assess a property's value.
7. Foreclosure Specialist
There is an entire industry devoted to the foreclosure market, which has specific rules and legal requirements that must be followed. Now that foreclosures are predicted to increase, this could be a good time to seek a career brokering foreclosures for buyers or helping people restructure their home mortgages.
8. Leasing Consultant
Leasing consultants help property owners and property management companies close the deal on their rentals. You'll need sales skills and a keen knowledge of local market conditions to excel at this real estate industry career.
9. Commercial Leasing Manager
Like a leasing consultant, a commercial leasing manager acts as a go-between to expedite the leasing process for commercial real estate owners. It's a more technical and high-stakes career, though, involving lots of paperwork and the ability to understand complex financial transactions.
Which Real Estate Industry Job Is Right for You?
Aceable Real Estate School wants everyone to find their perfect job in the real estate industry. That's why we've designed a Real Estate Career Quiz you can take to see which of the many jobs in the industry best matches your unique skill set. Stop by to take the quiz, then stick around to explore Aceable Real Estate School's entire Real Estate Career Resource Center. There are loads of helpful insights and information to help you in your real estate career.