What Jobs Can You Get with a Real Estate License in 2024?
This article takes a look at the highest paying jobs you can get with a real estate license according to industry experts.
Whether you are an agent looking for part-time jobs that you can do with a real estate license or only considering starting a real estate career, this article will suggest options to choose from.
First, let’s look at the stats.
Among the jobs for real estate license holders, which one is the best besides being a real estate salesperson?
Property Developer
Property developers are the ones who form layouts of towns and cities and affect their economies through construction.
A property developer can do as little as buy raw land, improve it (prepare for construction) for another developer, and sell it.
But they can also design and build a whole residential neighborhood or commercial or industrial center that consists of multiple buildings forming an infrastructure.
A real estate developer must possess knowledge about real estate market analysis, economy, construction, and financing.
If you are looking into this profession, we have a guide to real estate developer marketing strategies that you may find helpful.
A property developer role is appealing for real estate agents because it goes beyond traditional sales, allowing them to shape and enhance communities through construction projects.
This job provides a more hands-on approach to real estate, involving land acquisition, project management, and financial analysis.
The diverse skill set required, combined with market expertise, positions licensed professionals to excel in this dynamic and rewarding field, contributing significantly to both personal and community development.
When I was 24, one of my buyers (now my husband) asked me to buy a tract of land with him. At the time I was broke, newly divorced and living at home with my parents.
I hadn’t grown up thinking about investing in real estate. I was able to talk my parents into buying this land with him and we made an AMAZING amount of money by dividing it up.
After that, I was hooked. Now 25 years later, financially I am in a position I could retire at 50! Developing was the second stream of income that is responsible for that achievement.
I would LOVE to be a developer! I would create the cutest little neighborhoods with amenities that people will love.
It takes a lot of money and a lot of time to develop a neighborhood or any commercial space. Honestly, I don’t think I would have the patience in dealing with sites, permits, zoning, etc.
If you are licensed as a salesperson and actively practicing working on new developments gives you a whole other set of insights and experience which will only make you a better agent for your customers.
It is exciting and creative, and investing in real estate is really the only way to make enough money to retire in the real estate industry.
This is the next level. When you have experience as a real estate agent, becoming a developer will bring you long-time wealth.
Working with a developer, you are required to understand all aspects of a city’s codes and zoning and how that affects what types of projects will work.
You can learn other facets of the industry that people value greatly and it will give you an advantage.
You develop property or land and make the most amount of money.
Real Estate Attorney
With a real estate license and additional training and qualifications, you can become a real estate attorney.
Real estate attorneys work on property transactions as well as handle various real estate-related disputes and lawsuits.
Licensed attorneys can also work as real estate agents provided they’ve met the real estate licensing requirements of the state they operate in.
However, you should check with your state laws whether or not you may work as a real estate attorney and agent on the same transaction.
Real estate attorney stands out as one of the top jobs for licensed real estate agents due to their specialized legal expertise in real estate matters.
Their in-depth knowledge of property laws, regulations, and contracts can be invaluable in navigating complex real estate transactions and resolving disputes.
Real estate attorneys can provide crucial guidance on issues such as title defects, zoning regulations, and contract negotiations, ensuring that clients are protected and well-informed articles throughout the process.
Moreover, real estate attorneys offer a level of legal protection and assurance that other professionals may not be able to provide.
They can help identify potential risks or liabilities in a real estate deal and offer solutions to mitigate them, ultimately safeguarding their clients’ interests.
By having a real estate attorney on board, real estate license holders can access a wealth of legal expertise and resources that can enhance their credibility and effectiveness in the industry.
In conclusion, the role of a real estate attorney for real estate license holders is highly beneficial due to their legal acumen, risk management capabilities, and ability to provide comprehensive legal support throughout various real estate transactions.
Their expertise adds a layer of protection and professionalism that can significantly benefit both clients and license holders in the dynamic world of real estate.
I believe the real estate attorney is the best among all the jobs because the hours can be short and the pay is very good.
For example, when one attends closings, the attorney’s office actually nets the highest closing fees and does not have a cap but set fees from day number one.
Real estate is one of the largest assets in most people’s portfolios. It has long-term ramifications and legal documents which require thorough examination.
I believe the future agent will need legal expertise such as estate planning.
Valued highly and is able to complete the job of a real estate agent along with using their law credentials to advise.
Real Estate Appraiser
Other than the buying and selling side of real estate, determining the value of a property is a good job opportunity to explore for someone with a real estate license.
Real estate appraisers are often hired to conduct property assessments before the sale or listing of a property.
Their work involves appraising residential or commercial properties and even vacant or unimproved land.
Their appraisals are used for the purposes of determining property tax, real estate investment due diligence, and property development or redevelopment.
As a real estate appraiser, your task includes conducting site visits, collecting and analyzing data to compare with other similar properties, updating property records, and preparing written reports.
Whether you’re thinking of dabbling in residential or commercial property appraisal work, the following tools can help you in carrying out your duties with efficiency:
Being a real estate appraiser will complement the skills needed to be a real estate salesperson.
You can build your business by networking with lenders who work with agents in your office or in your sphere.
You have complete control over your schedule to work around your business as a real estate salesperson.
Appraisers and real estate agents will belong to the same associations and use very similar market searches.
The appraisal field requires more in-depth market knowledge that will translate to buyers and sellers.
Real estate appraisers will always be needed and are sometimes in short supply with high demand.
In this role, an agent is basically being paid well for their time and it doesn’t take a tremendous amount to appraise most properties.
Being an appraiser gives you unique insight into the real estate market. It helps you stay in the real estate field while offering a schedule you have some control over.
Property Manager
Among the jobs that require a real estate license, and specifically realtor side hustles, property manager is a very popular profession.
A property manager is in charge of the day-to-day operations and management of rental units.
Investors hire property managers to collect rent from tenants, handle maintenance requests, and fill vacancies, among other duties. Read this article to know what property managers do.
There are property management software tools that are available to streamline managers’ duties and responsibilities.
You may want to explore a variety of apps for landlords to collect rent to efficiently keep track of rental income and expenses.
To effectively handle rental taxes and cash flow, it’s a good idea to use accounting software for property management companies.
To ensure the stability of cash flow, you can check out rent guarantor insurance companies.
Property managers develop relationships and trust with homeowners (landlords).
These relationships can be leveraged to help those managers list their landlords’ homes when they are ready and also help those real estate investors to buy more homes.
In addition, many landlords will allow their property managers to market to tenants in order to help them become homeowners.
All of these benefits allow property managers to earn an income while drumming up real estate sales leads!
You could teach those tenants how they should be buying real estate instead of renting… good pool of potential buyers!
Real Estate Auctioneer
One of the jobs you can have with a real estate license is being a real estate auctioneer.
These professionals conduct public real estate auctions that mostly involve foreclosed properties.
On top of your real estate license, you must be an accredited auctioneer to qualify for this profession.
Less competition and higher commissions. 1.3 mil agents in the US. Less than 5,000 members of the National Auctioneers Association.
And, while I can’t quote commissions, earnings are a lot higher in the auction world.
Asset Manager
Asset management is a good niche to explore when thinking of what types of jobs there are for people with a real estate license. Asset managers are hired by investors to manage and grow their portfolios.
An asset manager must be proficient in real estate investment due diligence to ensure a property they acquire brings the maximum value and profit to a portfolio.
To help you automate this process, there exist real estate investment analysis tools and commercial real estate analytics platforms.
Besides acquisition, you may also be responsible for disposition. Using property listing syndication services will help you maximize the reach for your listings.
For the same reason, you have to learn how to market commercial real estate and become an expert on this, if you deal with commercial property assets.
Let’s see what our expert says about why being an asset manager is one of the best jobs you can do with a real estate license.
I started out as an asset manager before I went into real estate brokerage.
As an AM, you have to know and do everything. You have to know everything about each different type of commercial real estate you are assigned to. You do it all.
Appraisals, analysis, and underwriting everything, from a small lease to a major expansion of the asset, property business plans, PM decisions, renovations, development, leasing, marketing, risk management, sales, layman’s interpretation of legal documents, reporting to portfolio managers both domestic and foreign JV partners, pension funds, REITS, all sorts of challenges, even issues that involve the public.
An AM is a great source of education that any former asset manager will use if they enter brokerage. Again, this is from a CRE standpoint.
Notary (RON)
A remote online notary (RON) is a public officer authorized to notarize a variety of documents through electronic means.
Other than real estate contracts, the RON provider can sign and notarize documents used in insurance, financial services, law and government, HR, and business.
To become one, you must be at least 18, a legal resident of your state, and must not possess any felony convictions.
You will have to send an application, sit for the exam, and pay the appropriate fees. This is one of the easiest part-time jobs with a real estate license.
Notary should be on everyone’s agenda, as it takes little to get started and is needed on a regular basis.
Mortgage Loan Officer
Working as a mortgage loan officer is beneficial for people with a real estate license who work as realtors as it allows them to be in contact with a larger pool of potential clients.
Mortgage loan officers usually work for banks, credit unions, or other financial institutions, assisting borrowers in their mortgage loan applications.
As a mortgage loan officer, you must know the right lending marketing strategies in order to generate more clients and grow your income.
We have articles on mortgage social media posts and social media marketing for mortgage companies to help you get insight from industry professionals.
I say mortgage loan officer because they are able to process loans in multiple states, giving them a much larger pool of customers.
A realtor is limited to wherever they can drive; loan officers can do deals in multiple locations just over the internet or the phone. The more customers you have, the more deals can be done.
Transaction Coordinator
Transaction coordinators are responsible for completing the documentation involved in a real estate transaction.
You are tasked to communicate with clients, prepare contracts, and schedule and coordinate property inspections.
Providing transaction management support to agents and brokers is not just about rendering administrative support.
You are responsible for ensuring the real estate transaction pushes through, so it’s important to take advantage of the latest transaction management tools to make you more efficient.
A transaction coordinator gets to see various deals and become familiar with the unpredictability of real estate.
You also get to make many relationships that will be beneficial in the future. Transaction coordinating is mainly repetitive if a person has a good process in place.
Team Agent
If you’re a team agent, this means you are part of a real estate team and benefit from the knowledge and resources shared with you by more experienced agents.
This is one of the best jobs a real estate license can get you if you’re just starting off in real estate.
As a team agent, by joining a real estate team, you will get great real estate coaching and access to listings and buyers that you might not get if you’re a solo agent and just starting out in your career.
It takes time to build your sphere and understand what’s required to be a successful real estate agent. Best to learn alongside a seasoned agent or a real estate team.
If you are reading this article trying to decide whether or not a real estate license is worth getting, we also have this list of real estate jobs without a license required. Perhaps, it makes more sense for you to start from there.
When you’re on your way to earning your real estate license, our helpful resource on how to pass a real estate exam can give you useful tips on how to ace the test.
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