No doubt, real estate offers a wide range of professions with prospects of huge salaries. Some of the best-paying jobs in real estate offer more than $60,000 annually. Real estate professionals in highbrow areas and big cities may earn much more than that. However, training, clientele, and experience in the property markets often determine income.
Although investing in real estate careers has a lot of rewards, it also has its risks. For instance, at the early stage of a career, landing real estate jobs or opportunities may not come easily. An outstanding real estate resume will provide an edge. Read on to discover the best real estate careers, how to find real estate jobs, and more.
What Do Real Estate Jobs Pay?
The average annual salary for real estate jobs is $51,220, according to the US Bureau of Labor Statistics. Depending on the career, real estate professionals can easily earn more than twice the estimated average. Six-figure salaries aren’t uncommon.
Real Estate Job Outlook
According to the BLS, the employment growth of real estate jobs is a projected four percent from 2020 to 2030. Even though the job growth is a bit low, around 21,800 openings will be available each year for the next decade. Openings in the real estate industry are expected to be as a result of workers who transfer to other occupations, retire, or exit their current positions.
Real Estate Job Satisfaction
Real estate jobs offer some of the highest job satisfaction rates. They offer a flexible work schedule and limitless income potential. A good deal can earn a real estate agent or broker six digits. Moreover, some of the real estate contracts can be in the multi-million-dollar range. Meanwhile, most real estate jobs allow professionals to be their own bosses.
Real Estate Salaries: Lucrative Real Estate Careers
| Real Estate Careers | Real Estate Salaries | Job Outlook | Minimum Education |
|---|---|---|---|
| Real estate attorney | $126,930 | 9% | Doctoral or professional degree |
| Civil Engineers | $88,570 | 8% | Bachelor’s degree |
| Architect | $82,320 | 3% | Bachelor’s degree |
| Urban and Regional Planners | $75,950 | 7% | Master’s degree |
| Mortgage Loan Officer | $63,960 | 1% | Bachelor’s degree |
| Real Estate Manager | $59,660 | 3% | High school diploma or equivalent |
| Real Estate Appraisers and Assessors | $58,650 | 4% | Bachelor’s degree |
| Real Estate Broker | $51,220 | 4% | High school diploma |
| Real Estate Sales Agent | $51,220 | 4% | High school diploma |
| Construction Laborers and Helpers | $37,080 | 7% | None (on-the-job training) |
Best-Paying Jobs in Real Estate: In Detail
Real Estate Attorneys
Average Salary: $126,930
Real estate attorneys are actively involved in the real estate market even though it appears that their responsibility is tilted more toward litigation in courts. Attorneys prepare legal documents such as contracts and deeds to convey cases.
Civil Engineers
Average Salary: $88,570
Civil engineers are some of the brains behind beautifully constructed buildings. More so, they conceive, supervise, and plan the construction of a building. Aside from erecting buildings, civil engineers are involved in the building of tunnels, airports, high-rise buildings, and more. Some civil engineers also prefer to hold a supervisory or administrative position.
Architects
Average Salary: $82,320
Architects’ responsibilities mainly have to do with designing buildings, but they also design indoor and outdoor spaces. Usually, before a building design is completed, the architects discuss the project’s objective with potential clients. A commercial property, for example, has different features from a residential property.
Urban and Regional Planners
Average Salary: $75,950
The primary duties of urban and regional planners are to develop land-use plans and make sure property real estate developers comply. Their job also includes creating communities and revitalizing physical facilities in towns, cities, and counties. Urban and regional planners are also involved in social work, like housing homeless people in shelters designed for them.
Mortgage Loan Officer
Average Salary: $63,960
As the name implies, this career vets and scrutinizes the real estate collateral to obtain loans. Usually, mortgage loan officers work in the financial market or for mortgage lenders or real estate firms to ensure borrowers have the title to the property they seek to use as collateral and offer advice based on their findings of the eligibility of an individual to get a mortgage loan.
Real Estate Manager
Average Salary: $59,660
Real estate managers mainly take care of the office buildings and industrial properties to ensure they are well maintained, operate smoothly, and preserve their resale value. A property owner may prefer to hire a property manager because they lack the time or expertise to carry out this job. According to the BLS, property managers need a high school diploma or its equivalent.
Real Estate Appraisers and Assessors
Average Salary: $58,650
The job of a real estate appraiser or assessor is not limited to providing estimated values. They can also inspect, verify, and prepare written reports about their real estate findings. A bachelor’s degree is required to become an appraiser or assessor of real estate properties. Some in this industry choose to specialize in evaluating personal or commercial real estate.
Real Estate Broker
Average Salary: $51,220
Real estate brokers assist prospective homeowners in finding and purchasing suitable real estate properties. They are also involved in selling investment properties and wooing real estate investors. Experienced brokers can represent either a buyer or a seller, and should also be well-versed in real estate law.
Real Estate Sales Agent
Average Salary: $51,220
In some companies, the position of a real estate broker and sales agents are intertwined. But that’s not always the case. Agents often work for real estate brokerages as their eyes in the field. They are often paid on a commission basis for each property sale, but can also earn a fixed annual salary. Professionals will need to keep an active real estate license for this job.
Construction Laborers and Helpers
Average Salary: $37,080
Construction laborers and helpers are involved in various tasks that require physical labor at construction sites. A few of the job tasks are to dig trenches, clean, prepare, load, and unload building materials. A construction laborer’s job can be easy or extreme depending on the surroundings and requirements.
Resources to Find the Best-Paying Jobs in Real Estate
- Job boards. Top real estate firms always list openings on their job boards. Applying via the real estate company’s website is preferable because all the requirements for the job are outlined in detail.
- Website. Top real estate companies often post openings on their websites. Sometimes there may not be an opening in the real estate company, but job seekers can send an application and resume anyway via their official email found on the website.
- Social Media. Aside from posting job openings on their website or job boards, most companies also do the same via social media. It’s also a good idea to follow some of the top real estate companies on social media to sign up for job alerts.
- Internships. There are many paid internships in the real estate field. Some offer fairly reasonable pay. Also, the performance during the internship can earn a permanent position with the real estate company.
- Recruiters. Job recruiters are also very helpful when seeking a job in real estate. Some real estate companies actually prefer hiring applicants through these channels.
Is Real Estate a Good Career Path?
Yes, real estate is a good career path but it takes a lot of hard work. But keep in mind the key tips to becoming a real estate agent, broker, or related professional. For instance, self-promotion is important, as is tracking leads and being able to handle complex paperwork. A real estate developer tends to hire real estate agents who have a degree.
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There is a wide range of career opportunities in the industry, from building construction, negotiating a real estate transaction, or evaluating property values. Real estate jobs are some of the best-paying jobs as well. A great way to impress real estate clients is to have a good profile in property management, acquire managerial skills, and secure real property at reduced costs.
Best-Paying Jobs in Real Estate FAQ
Some of the most lucrative jobs in the real estate market are real estate brokers, attorneys, and property appraisers. An experienced real estate broker can easily earn an annual salary of six figures.
Yes, you should get into the real estate industry in 2022 because real estate is one of the most lucrative, flexible careers out there. It is a rewarding career choice because shelter is a necessity in life, so demand will always be there. Also, every real estate job has the potential to earn a solid living wage.
You can take real estate courses that will help you relaunch your career. You could also create a unique real estate website, start a podcast, or take advantage of social media networks for advertising.
To improve real estate sales, you can create a social media personality and showcase yourself as a real estate expert. Also, to draw customers, you might offer referral incentives or discounts to prospective clients. Fostering trust in your dealings with potential clients is also helpful.
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