Whether you just obtained your real estate license or are simply considering a career change, looking into the potential job opportunities within the real estate industry is a great start! From helping people buy and sell residential and commercial spaces, to furthering your education to include appraisal and property management, the real estate industry is ripe with careers to fit any personality and skillset. You can even get designations and other licenses to expand the services you provide as a real estate professional. Keep reading to discover which real estate jobs career path is right for you!
Real Estate Sales: Agents and Brokers
After successfully obtaining your real estate license, you can begin the most important and basic service a real estate professional provides: helping people buy and sell houses. The National Association of Realtors (NAR) has many different options such as the Council of Residential Specialists which offers it’s CRS designation for professionals looking to get a leg up in this competitive industry. Including selling timeshares and luxury homes, residential selling is what most people think of when they hear “real estate job.” But the industry offers a wide variety of career paths outside of just home selling.
The real estate license itself is a general license. You may choose to specialize in an area and earn designations based on your experience. Below are some career options for which you can use your real estate license.
Licensees specializing in commercial properties help people buy, sell, lease and invest in income producing properties. This includes apartment and office buildings, retail stores and warehouses, shopping centers and industrial parks. Because commercial real estate sales has its own unique set of rules, the NAR® has a special designation for that practice of commercial real estate, the Certified Commercial Investment Member (CCIM) designation.
Not interested in commercial or residential sales, you could try your hand at becoming a property manager. Property managers maintain the property (homes, office buildings or shopping centers), collect rent, inspect between tenants and ensure the highest possible financial return over the longest period of time to the owner. Whether a residential or commercial property, the key part of the job is representing the owner and their interests while ensuring the highest and best use of the property.
Other Licenses: Appraisal + Mortgage Loan Originator + Home Inspection
Not interested in being a salesperson, but still like the idea of working in the real estate industry? No problem! You can become a real estate appraiser. A real estate appraiser determines the value of properties for sellers, buyers and agents. To succeed as a real estate appraiser, you will need to complete all the required education for a Registered Appraisal Trainee paired with practical experience, good judgement and some knowledge of mathematics, accounting and economics.
Outside of real estate sales, property management and appraisal, people interested in a career in real estate could consider becoming a mortgage loan originator (especially if you already have a background in finance). As an MLO, you connect potential borrowers with lenders. In other words, you facilitate the loan process for home buyers by helping them complete applications and assess which loans are the most appropriate and beneficial. The pre-license course to get your MLO license requires 8 hours of topics provided by the SAFE Act plus 12 hours of elective topics. Learn more about the education requirements here.
Want a more hands-on career in real estate? Becoming a home inspector could be the career for you! You can set your own hours, work outside and help people solve major issues with their future home. Over the course of the day you could be inspecting homes using your construction knowledge, writing reports of your findings, providing clarity and understanding to your clients and even marketing to clients and agents about your services. But first, you will need to complete the required 120 hour Principles & Practices of Home Inspection pre-license course. Learn more about the education requirements here.
Please note there are additional licensure requirements for each of these licenses so you will want to be sure you meet all of the criteria and know the different steps it takes to obtain each of these licenses.
So, which career path is right for you? At IFREC we want to be your go-to resource for all things real estate. From joining the industry through education to finding the job of your dreams, our faculty and staff are dedicated to helping you succeed in the real estate industry. Contact one of our dedicated expert career counselors today to talk through the many job opportunities available across Central Florida. You best-fit career path is closer to becoming a reality than you think!