Getting your real estate license can be a game-changer, opening up a world of career opportunities. The real estate industry is vast, offering roles for various skills, from closing deals with clients to diving deep into market analysis. But what else can you do with a real estate license beyond being an agent or broker? Let’s explore some exciting career paths, average salaries, and the skills you’ll need to succeed in real estate.
Key Points To Remember:
- Career Options: With a real estate license, you can pursue roles such as appraiser, property manager, assistant, content creator, attorney, and more. Each job has unique skill requirements and offers different salary ranges.
- Skill Requirements: Some roles demand specialized skills. Identifying your strengths and weaknesses is crucial for finding the best real estate career path for you.
- Continuous Learning: Just because you get a license doesn’t mean you can keep it in real estate, as it requires licensees to continue education (CE) and stay informed about industry trends.
Real Estate Agent
Average Salary: $60,000-$90,000 per year
Required Skills: Communication, negotiation, persuasion, market knowledge, real estate license
Real estate agents help buyers and sellers navigate the property transaction process. They can work full-time or part-time, representing clients in negotiations, property showings, and contract finalizations.
- Buyer’s Agent: Assists buyers through the property search, selection, and negotiation processes.
- Seller’s Agent: Advises sellers on pricing, marketing strategies, and negotiations to secure a sale.
Real Estate Managing Broker
Average Salary: $104,418 per year
Required Skills: Leadership, management, mentoring, knowledge of real estate laws, real estate license
Managing brokers are often the next logical, evolutionary step after becoming a successful real estate agent. Real estate brokers oversee real estate agents, providing guidance, mentorship, and professional development to new agents and real estate professionals. They also handle office management tasks depending on the brokerage’s structure.
Real Estate Instructor
Average Salary: $63,144 per year
Required Skills: Communication, passion for teaching, deep knowledge of real estate principles
Instructors teach pre-licensing and continuing education courses, covering topics such as real estate laws, transaction processes, and ethics. You may or may not need a license to become one but, it’s always a good idea to have yours!
Real Estate Analyst
Average Salary: $86,818 per year
Required Skills: Market research, analytical skills, data analysis
Analysts examine market trends and data to provide insights and recommendations for property investments, developments, and other transactions. These real estate professionals are often the unsung heroes of the real estate companies or investors they work for.
Real Estate Writer
Average Salary: $81,001 per year
Required Skills: Research, writing, SEO, creativity
Writers produce content like articles, market reports, and MLS property listing descriptions for various audiences, including home buyers, sellers, and industry professionals.
Property Manager
Average Salary: $59,796 per year
Required Skills: Communication, financial management, problem-solving, knowledge of landlord-tenant laws, real estate license in most cases
Property managers oversee daily operations of rental properties, including tenant relations, maintenance, and financial management. They can also handle the day-to-day operations, as well as be in direct communication with employees and sub-contractors.
Real Estate Coach
Average Salary: $40,970 per year
Required Skills: Leadership, communication, coaching, mentoring
Coaches mentor real estate professionals, helping them enhance their skills and grow their businesses through personalized coaching sessions and workshops.
Real Estate Attorney
Average Salary: $140,845 per year
Required Skills: Expertise in real estate law, legal research, analytical skills, real estate license, attention to detail
Attorneys handle the legal aspects of property transactions, including preparing contracts and conducting title searches. Everything from basic paperwork and partition law to divorce and probate law will ultimately need an attorney that specializes in and is in-the-know when it comes to real estate.
Home Inspector
Average Salary: $50,000 -$70,000 per year
Required Skills: Knowledge of building codes, attention to detail, real estate license, additional real estate education
Home inspectors assess properties to ensure they meet safety standards, examining structural elements, electrical systems, plumbing, and more.
Real Estate Investor
Average Salary: $5,000 – $500,000 per year
Required Skills: Market research, risk assessment
Investors buy and sell properties for profit, often engaging in activities like renting properties or flipping houses.
Real Estate Appraiser
Average Salary: $65,000 – $100,00 per year
Required Skills: Market research, analytical skills, appraisal techniques
Appraisers evaluate property values before they are insured, mortgaged, or sold, considering various factors that impact property worth. For more advanced property types, such as commercial properties, require appraisers the have a more extensive level of education and experience (known as general appraisers). General appraisers tend to make more than residential appraisers.
Real Estate Assistant
Average Salary: $45,000 – $80,000 per year
Required Skills: Administrative, communication, organizational
Assistants support agents and brokers with tasks such as scheduling appointments, handling client inquiries, and organizing paperwork. The positive of considering this job as a starting point is you’ll get just about all the experience you need to take the next step to becoming an agent without feeling overwhelmed doing so. If you have the chance to consider it, it may not be the worst idea to assist a successful agent or broker first!
Real Estate Content Creator
Average Salary: $60,000-$95,000 per year
Required Skills: Creativity, storytelling, social media, video editing
If you love creating content and engaging with your audience, becoming a real estate content creator could be fun. You’ll produce social media content, including property listings and virtual tours, to attract and retain clients.
Now Many Be One Of The Best Times To Build Your Knowledge Up!
Choosing a real estate career involves assessing your skills, interests, and long-term goals. There are numerous paths you can take with a real estate license beyond the traditional roles of agent or broker. Explore these options to find the best fit for you. If you know of other career opportunities with a real estate license, please share them in the comments!
