Have you ever wondered what else you can do with a real estate degree? There are numerous other jobs in the real estate field that you may not have thought of. Whether you're looking for more flexibility, a more structured job, exploring higher or lower positions, rest assured that you'll find the job you want in the real estate industry.
11 Real Estate Degree Jobs
Are you wondering what you can do with a real estate degree? Below is a list of jobs that you can consider with a real estate degree that you might not have considered before. These opportunities are challenging and have the potential to become profitable new careers for you!
1. Real Estate Management
Being a real estate agent is different from being a real estate broker, and these terms are often used interchangeably in an unofficial manner. The difference between an agent and a broker is that an agent is a real estate professional with a degree and training to manage a real estate office with multiple agents. Real estate management can be a career choice if you are in the process of becoming a broker and want to know how your career can continue to develop.
2. Commercial Real Estate Broker
When you think of a commercial real estate broker, you usually think of residential real estate brokers. However, commercial development can also have benefits similar to residential real estate and, in some cases, may be suitable for your style and strengths.
On a daily basis, a commercial real estate broker can learn more than a residential real estate broker. A commercial real estate broker helps businesses select and secure locations that will increase their revenue. Sometimes that means finding an excellent office space, and sometimes it can mean finding the perfect location for the next big coffee shop chain. Therefore, commercial brokers often need to focus more on researching statistics and data about an area before finalizing a deal.
3. Real Estate Investor
There are two different ways to become a real estate investor: active investing and passive investing. You can think of active investors as home buyers and sellers. These individuals will be purchasing and selling residential properties or assisting an investor or contractor who is purchasing a property to sell. Passive investors are those who invest in a real estate project without much involvement in the day-to-day management of the project. Even if you don't have a lot of money to invest, you can still become a real estate investor through crowdfunding.
Learn more about career opportunities in the real estate field by downloading our free career transition toolkit.
4. Residential Real Estate Appraiser
A residential real estate appraiser collects information about a residential property to provide an assessment of its value. Appraisers can work for themselves, such as assessing your home before selling or refinancing, or they can work for the government, such as assessing your home for tax purposes.
According to the US Bureau of Labor Statistics, the average salary for residential real estate appraisers in 2016 was around $51,850 per year or about $25 per hour.
5. Commercial Real Estate Appraiser
Similar to a residential appraiser, a commercial real estate appraiser spends part of their time in the office and part of their time in the field assessing properties. While residential appraisers may rely more on what they learned in their training courses, commercial appraisers heavily rely on experienced appraisers to help them determine the value of a property. Both fields require you to have a degree.
6. Property Manager
When it comes to exploring what you can do with a real estate degree, becoming a property manager is often an attractive choice. A property manager's job is to ensure that a property, whether residential or commercial, operates smoothly and ultimately benefits the owner. For residential properties, this may involve taking on various roles such as leasing agent or repair person. Depending on the size of the property and the strengths of the property manager, some or all of these tasks may be outsourced to third parties, and the property manager's role is simply to coordinate and ensure that the property is maintained. This often happens in commercial property management. If you're interested in property management, learn everything you need to know about the job.
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7. Leasing Consultant
The job of a leasing consultant is to ensure that there are tenants in the building. This job often requires you to work in the evenings and weekends, but the good thing is that it also often comes with a degree of flexibility. If you enjoy marketing and negotiating, this could be a great job for you. Leasing consultants need to be able to communicate promotions or vacancies in their buildings and often organize advertising events or update the latest digital marketing methods.
8. Commercial Property Manager
Often assigned to office spaces or retail stores, commercial property managers negotiate agreements and transactions with businesses. Commercial property managers can have career opportunities that require them to pay close attention to market changes, as this affects businesses' budgets for their real estate needs.
9. Bankruptcy Asset Expert
A bankruptcy asset expert can be hired by a bank or an individual lender and is responsible for all the documentation and processes required when an asset is being repossessed. They will review the client's financial records and handle repossession cases to sell the assets as quickly as possible. Bankruptcy asset experts need to be organized and adept at dealing with time constraints.
10. Real Estate Lawyer
If you enjoy studying and want to continue your education after obtaining a real estate degree, a career opportunity to consider is becoming a real estate lawyer. Real estate lawyers work in various fields and can fight for the rights of tenants or provide advice before significant real estate transactions.
11. Corporate Real Estate Manager
Companies often need to hire someone to join their team and manage real estate for the company. Big brands need office spaces and commercial spaces. Some companies own real estate and need someone in the company to manage it. If you're considering a job in corporate real estate, check out our complete guide on corporate real estate management jobs.
There are many more jobs in the real estate industry
The real estate industry is not just about residential real estate. It encompasses many different career opportunities that require strength. Once you have a real estate degree, you can choose from various career paths for your future!
