Warning: Trying to access array offset on value of type bool in /home/u946835615/domains/bestschoolnews.com/public_html/wp-content/themes/mh-magazine-lite/includes/mh-custom-functions.php on line 144
Warning: Attempt to read property "post_title" on null in /home/u946835615/domains/bestschoolnews.com/public_html/wp-content/themes/mh-magazine-lite/includes/mh-custom-functions.php on line 144
8 Promising Careers in Real Estate – Although a residential realtor is the most common type of career that is associated with the real estate industry, it is not the only career that presents rewarding challenges and compensation that ranks above average for real estate professionals. According to the property management experts at Utopia, eight promising careers in real estate offer rewarding career challenges, as well bonuses and base salaries that attract professionals to the real estate industry.
Mortgage Loan Officer
When someone applies for a mortgage, a mortgage loan originator (MLO) becomes a partner to help the applicant receive approval for the right type of loan. An MLO can work for a lending institution or as a mortgage broker who presents lending options submitted by several financial institutions.
A mortgage loan officer acts as an MLO by taking the information submitted by a homebuyer and then shopping for different loan options. After conducting research, a mortgage loan officer presents recommendations that match the homebuyer’s budget. Mortgage loan officers must earn a state license, as well as obtain a national accreditation, to earn the average annual salary of $152,639.
Compliance Specialist
Also referred to as a compliance officer, a compliance specialist typically works for a developer of commercial properties. This promising career in real estate requires a professional to possess a thorough knowledge of local real estate regulations, as well as verify that every transaction is legally valid. If a company is under investigation for committing fraudulent acts, a compliance specialist completes a formal audit and then releases the findings to the appropriate government agency.
The average annual salary for a compliance specialist working in the United States sits just above $82,000.
Real Estate Attorney
Earning an average annual salary of $95,701, a real estate attorney specializes in practicing real estate law. This career requires acquiring special licenses that go beyond the technical skills required to pass the state bar examination. Real estate lawyers act as facilitators that help homebuyers consummate real estate transactions. A professional who practices real estate law also can represent the seller of a property. One of the most important roles of a real estate attorney involves drafting legally valid contracts for the buyers and sellers of residential and commercial properties.
Real Estate Broker
By earning the same type of licenses that a real estate agent earns, a certified broker can accomplish all of the job responsibilities that a real estate agent accomplishes, such as processing paperwork, acting as the listing agent, and negotiating the details of a real estate transaction. However, a real estate broker also is responsible for ensuring every real estate transaction follows all laws. A broker can work for a brokerage or operate as a sole proprietor and earn an average annual salary of $72, 626
Property Accountant
Property management companies often employ more than one property accountant to maintain accurate records of financial transactions, as well as accounting data such as rental income and maintenance expenses. A property accountant must earn at least an undergraduate degree in accounting, with gaining an advanced degree in an accounting specialty opening more professional doors. Earning an average annual salary of $65,832, a property accountant can work in any niche within the real estate industry, including residential, commercial, and industrial.
New Home Sales Consultant
A new home sales consultant works on the selling side of residential real estate transactions. Working for a property developer, this real estate professional promotes the sale of new homes by giving tours of model houses and explaining every amenity available for potential homebuyers. A new home sales consultant must be outgoing when reaching out to potential clients. This means attending real estate networking events where prospective homebuyers meet with different representatives from residential real estate development companies. New home sales consultants build their businesses by receiving referrals from former clients.
This career carries an average annual salary of $78,952.
Real Estate Investment Consultant
Most real estate investors need advice when it comes to discovering the right properties that deliver the highest rate of return. This is the role of a real estate investment consultant who stays on top of the financial status of commercial and residential properties, as well as investment opportunities that are packaged under real estate investment trusts (REITs).
A real estate investment consultant, who earns an average annual salary of $62,824, researches the possible purchase of commercial and residential properties, as well as discovers the status of property construction projects.
Real Estate Appraiser
A real estate appraiser conducts inspections to provide potential investors with the value of a property. The information acquired by the real estate appraiser also helps potential investors make sound financial decisions. Novice real estate appraisers must work with a certified general appraiser until they earn the proper certifications.
Real estate appraisers earn an average annual salary of $62,521.
The Bottom Line
If you want to pursue a thriving career in the real estate industry, you are not limited to working as a realtor. The depth of career opportunities is one of the most impressive benefits of working in the real estate industry. After you earn the proper professional credentials, you can earn a salary that is above the average salary for many other types of real estate professionals.
Leave a Reply