As you may have heard, real estate has been the subject of much discussion recently. Not because they understand what it involves, but because everyone around them appears to be involved in some capacity in the real estate business or investment. You won’t be left in the dark anymore when it comes to learning about the different high-paying careers in real estate finance and development because guess what!!, I’ve brought them right to your doorstep, making it quicker and more convenient for you to confidently declare which one you’re interested in.
What Is Real Estate?
Real estate can be defined as real, or physical properties like land, buildings, estates, underground rights below land, or even air rights above land, it differs from personal property, which is not attached to the land. Real Estate can also be defined as the buying, selling, and production of properties (Business-wise definition).
There are notably five main divisions of real estate; residential, commercial, industrial, raw land, and special use. Direct investment in real estate implies the buying, renting, or selling of a property. While indirect investment implies investments made via REITs or through pooled real estate.
Different Careers in Real Estate
Noting the wide range of career options in the real estate industry, with the industry always evolving, we will be bringing to light some of the different jobs and careers in real estate;
#1. Real Estate Investor.
Becoming a real estate investor entails active or passive investments in real estate. Real estate investors make sure they exploit their profits after buying properties and then sell the investment. They know how, why, and when to buy investment properties.
#2. Real Estate Agent.
A real estate agent is a career in real estate that entails the representation of buyers and sellers in real estate. There are two types of real estate agents; residential real estate agents and commercial real estate agents. Residential real estate agents help with the processes involved in the buying and selling of investment properties. While commercial real estate agents are very identical to residential real estate agents, they differ because of the sector they work in, Commercial real estate agents work in the commercial sector of the real estate industry.
#3. Real Estate Broker
A real estate broker is similar to a real estate agent in their occupation, but the difference is the fact that real estate agents work for real estate brokers by signing for a brokerage, while the real estate brokers are agents who have worked for 1-3 years and have obtained a broker license. Real estate brokers can work independently, or even choose to open a brokerage.
#4. Real Estate Developer.
A real estate developer is a career in real estate that involves the development of acquired lands by building a real estate property on it. They are involved in the planning and coordination of these properties, financing them, and bringing the necessary team to execute the laid plans.
#5. Real Estate Wholesaler.
A real estate wholesaler is a career in real estate that entails direct negotiation with the buyer, the real estate wholesaler meets with the seller and agrees on a price for the property, then meets the buyer and sells the property at a higher price than negotiated with the seller, thereby allowing him to keep the difference in price as profit.
#6. Property Manager.
A property manager is a career in real estate that involves the management of real estate investment properties that are owned by passive real estate investors. Property managers ensure that the financial and physical well-being of the real estate property is maintained.
#7. Real Estate Attorney.
A real estate attorney is a career in real estate that allows legal professionals to use their skills to the legalities behind real estate property disputes. To become a real estate attorney, you need to have graduated with a Bachelor’s degree, earned a Juris Doctor degree, and passed the bar exam.
#8. Home Inspector.
A Home inspector is a career in real estate that entails the inspection and examination of real estate properties for issues and defects that will disturb the process of buying and selling.
#9. Real Estate Appraiser.
A real estate appraiser is a professional who determines the cost value of real estate properties. To become a real estate appraiser, you will need to acquire an appraiser’s license.
#10. Leasing Agent.
A leasing agent is a career in real estate that entails you working together with property owners to aid them in finding the best tenant to lease out their property to. There are two types of leasing agents; the commercial leasing agent, and the residential leasing agent.
#11. Real Estate Consultant.
A real estate consultant is a career in real estate that allows trained professionals to provide advice and suggestions to real estate investors and companies.
#12. Real Estate Loan Officer
A real estate loan officer is a career in real estate that entails the loaning and aiding of buyers to finance their purchases. A real estate loan officer is registered with the Nationwide Mortgage Licensing System.
#13. Mortgage Broker.
A mortgage broker is a career in real estate that allows you to serve as the middleman between the lender and the borrower. A mortgage broker advises customers on loan products and availability after much analysis.
#14. Real Estate Manager.
A real estate manager is a career in real estate that entails the management of real estate properties, these properties include residential and commercial properties. They work to improve the cost value of the property and maintain records of the property.
#15. Real Estate Associate.
A real estate associate is a career in real estate that involves trained professionals aiding buyers find real estate properties, and helping sellers get their real estate properties purchased.
#16. Escrow Officer.
An escrow officer is a career path in the real estate sector that entails the officer processing the transactions, paperwork, and completion of legal requirements for the purchase or sale of a real estate property. An escrow officer is paid based on an agreed percentage of the final sale price.
#17. Foreclosure Specialist.
A foreclosure specialist is a career in real estate that affords specialists the ability to work on real estate properties at different levels of foreclosure. A foreclosure specialist is tasked with aiding clients to secure loans that will help them meet payments and prevent the foreclosure of real estate property. They also help buyers to find real estate properties that are foreclosed.
#18. Property accountant.
A property accountant is a trained professional that performs accounting tasks for real estate companies, brokers, or developers. They manage budgets, maintain accounts, and manage all financial records.
#19. Realtor.
A realtor is a career in real estate that involves professionals to aid buyers to find real estate properties, and also help sellers in finding buyers for their real estate properties. They are licensed by the National Association of Realtors.
#20. Compliance Specialist or Officer.
A compliance specialist is a career in real estate that involves professionals who have acquired knowledge of local regulations and ensure that real estate companies and brokerages follow all legal requirements for transactions and development.
Highest Paying Careers in Real Estate
There are a lot of careers available in the real estate sector. In this section of the article, we would be discussing in-depth, the highest-paying careers available in the real estate sector.
#1. Real Estate Manager
As a Real Estate Manager, you could earn on average, $52,273 per year.
#2. Property Manager
As a Property Manager, you could earn on average, $52,273 per year.
#3. Real Estate Associate.
As a Real Estate Associate, you could earn on average, $52,808 per year.
#4. Home Inspector.
As a Home Inspector, you could earn on average, $53,134 per year.
#5. Foreclosure Specialist.
As a foreclosure specialist, you could earn on average, $60,243 per year.
#6. Real Estate Appraiser
As a real estate appraiser, you could earn on average, $62,521 per year.
#7. Real Estate Consultant.
As a real estate consultant, you could earn on average, $62,824 per year.
#8. Escrow Officer.
As an escrow officer, you could earn on average, $58,746 per year.
#9. Property Accountant.
As a property accountant, you could earn on average, $65,832 per year.
#10. Real Estate Broker.
As a Real Estate Broker, you could earn on average, $72,626 per year.
#11. Realtor
As a realtor, you could earn on average, $78,447 per year.
#12. Compliance Specialist.
As a compliance specialist, you could earn on average, $82,644 per year.
#13. Real Estate Agent.
As a real estate agent, you could earn on average, $85,081 per year.
#14. Real Estate Attorney.
As a real estate attorney, you could earn on average, $95,701 per year.
#15. Real Estate Loan Officer
As a real estate loan officer, you could earn, on average, $152,639 per year, which is one of the highest paying careers in real estate.
#16. Mortgage Brokers.
As a mortgage broker, you could earn on average, $92,262 per year.
#17. Leasing Agents.
As a leasing agent, you could earn on average, $60,000 per year.
#18. Real Estate Wholesaler.
As a real estate wholesaler, you could earn on average, $86,310 per year.
#19. Real Estate Developer.
As a real estate developer, you could earn on average, $103,000 per year.
#20. Real Estate Investor
As a real estate investor, you could earn on average, $170,000 per year.
Above are listed a few of the highest-paying careers in real estate, this list does not follow any order.
Careers in Real Estate Development
There are varieties of careers available in the real estate development sector, below we would be mentioning a few of those careers.
- Real Estate Analyst Sales Associate, earning on average, $52,808 per year.
- Architectural Designer, earning on average, $64,398 per year.
- Asset Management Specialist, earning on average, $51,471 per year.
- Developer Analyst, earning on average, $115,000 per year.
- Project Manager, earning on average, $116,000 per year.
- Real Estate Analyst, earning on average, $ per year.
- Real Estate Broker, earning on average $ per year.
- Senior Consultant, earning on average $ per year.
- Principal product manager, earning on average $ per year.
- Chief Risk Officer, earning on average $ per year.
The above are the careers available in real estate development.
Careers in Real Estate Finance
There are varieties of careers available in the real estate finance sector, below we would be mentioning a few of those careers.
- Portfolio Manager, earning on average, $ per year.
- Commercial Real Estate Underwriter, earning on average, $ per year.
- Investor Services Associate, earning on average, $ per year.
- Commercial Property Mortgage Broker, earning on average, $ per year.
- Commercial Real Estate Loan Officer, earning on average, $ per year.
- Commercial Mortgage Loan Analyst, earning on average, $ per year are careers in real estate finance.
I’m confident that after reading about the many real estate finance careers listed above, you now have a better understanding of what’s out there.
Careers in Real Estate Investment
There are varieties of careers available in the real estate investment sector, below we would be mentioning a few of those careers.
- Acquisition Agent, earning on average, $ per year.
- Analyst, earning on average, $ per year.
- Real Estate Leasing Agent, $ per year
In Conclusion
There are different career paths in real estate with considerable high payment rates. This article covered the careers in real estate, highest paying careers in real estate, careers in real estate development, careers in real estate finance, and careers in real estate investment.
What Is the Highest Paying Job in Real Estate?
Real Estate Broker.
What are careers in the real estate development?
Real estate development careers include real estate analyst, sales associate, architectural designer, asset management specialist, developer analyst, etc.
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