The real estate industry is booming and there are many jobs out there for those looking to ride the wave. These include inside sales, realtors administration, legal, probate, telesales and much more. To get a feel for which of these is for you, read on to learn about the five popular and profitable jobs in real estate industry:
1. Realtor
This is where the fun is and also a lot of the money if you have a strong enough work ethic. That really is the trick. You need to make sure that you have what it takes to make it in this very competitive environment. It is a grind that has more rejection than success, especially early on in your career, where you may have to rely on advance commissions while you wait to make your real estate sales.
The biggest problem that you face is that you need to build up a pipeline of leads in a short time. Once you are a few years in, you will be able to get a fair amount of business from referrals and second or third time home buyers. It is best that you find yourself a mentor, or better yet start working for a company that will send you leads. This may cost you a few bucks, but the tips and tricks that you pick up along the way will be invaluable.
The trick to getting started with your career as a realtor is to always keep your eyes on the prize. The books you need to study for the exam will probably be the thickest you have ever read. Keep thinking of your goals and power through until you have what you are looking for.
To become a realtor, there is a bit of a process that you will need to go through. It all starts with the real estate exam. You will need to work very diligently and study hard to pass this as there is a lot to study. Once you have passed this test, the real hard work begins. It’s a tough job, but the rewards can be significant.
2. Tele-sales
Many real estate companies will have a lead generation group that is largely telesales. This is a great way to get your foot in the door of the real estate industry and to learn from experienced realtors.
This will require a strong work ethic and a desire to learn. You will be reaching out to those who have shown interest in buying property so these leads are already pretty warm. The experience that you gain here will serve you well throughout your career in real estate.
This role will teach you a lot about perseverance and how to grind through the rejections until you reach the right person at the right time and you are able to close.
These are great jobs in the real estate industry when you are in the process of studying to be a realtor. You may even be able to transition into another role with the company after you pass your realtor exams. This will set you up very nicely for the start of your new career.
3. Probate
A probate agent is called in when a property owner dies and the asset needs to be listed and certain disclosures made. There is a great deal of responsibility on the probate agent as a mistake during the early stages of the process can cause it to be dragged out for months if not years.
If you are looking for an opportunity to help families out through the difficult process of probate law, then these are great jobs in real estate industry for you. At times, you will need a thick skin to make it in this field but it is 100% worth it in the end.
4. Property management
This is a fantastic way to supplement the income of a real estate agent. You will get a cut of the gross monthly rent and other fees that you negotiate. You may need to get licenced in order to perform this role. It can tie in perfectly with your career as a realtor as the owner of the property may one day sell, and the renters may be looking to buy a property once they can afford it.
5. Administrative work
Although you do not often think about the admin jobs in real estate industry, this can be a great way to enter the real estate game. You will learn the steps it takes to buy or sell a home and make some great contacts along the way. Just like a lead generation role you could be studying for the realtor exam while you are in this role. You may also find that you learn a great deal about the industry to the point where you know the specific area of the city that you want to specialize in.
This will give you an inside look at each and every stage of the process so that you are able to get your career off to a great start.
