Is Real Estate For You - There is more than real estate

Even if you're sure you want to be a real estate agent, it's in your best interest to get a full picture of all the other jobs that are out there in related fields. Many other careers require some of the same skills as real estate and provide similar benefits. Remember that real estate is a very specialized field and that to succeed in it you need to have a set of finely tuned attributes that will place you in the class by yourself. A person who might not exceed in sales might be great at another related career.Lender

 Finance is one option. Because real estate involves borrowing large sums of other people's money to make transactions go through, real estate agents quite often need to be able to come up with creative financing that will make or break a deal. It's for this reason that many real estate agents find rewarding careers in finance related industries. Anyone considering working in real estate because they love working with large sums of money should also consider a career in mortgage or personal lending.

 Real estate people are often involved in appraising the value of property. It is part of the job to give advice on property values and the tools of the trade here are more about calculations than actually dealing with people. ApprasialFor the person who is more comfortable with a slide rule than the person next door, a career as a professional appraiser might be just the thing for you because appraising property involves more judgment and analytical skills. 

 Property management is another area that serves as an alternate to real estate. This is an area that deals with administrative skills and dealing with people. Most property managers understand the importance of paperwork and they enjoy it. These people generally have a different personality from the real estate agent, and they like to deal with people as they have tenants in residential and commercial properties that they need to deal with on a constant basis.

 The tasks of the rental agent and the real estate salesperson are closely related. Both involve finding people places to live in someone else's property. The biggest difference between the two lies in the amount of financial commitment that each asks the client to make. The amount of money involved can be daunting to some people when it comes to real estate and they might feel more comfortable with the rental side of the business.          

 

2 Comments on Is Real Estate For You - There is more than real estate

If you can get in and make aliving, there are few things better than real estate.

05/09/2008 03:23 PM by Heath Coker, Broker Owner (Cape Group Real Estate & REindex.com)


Thank you for your comment Heath - You are right! There are a few careers out there better then real estate.  According to NAR, the average real estate agent makes about $63,000.  While the US Department of Labor state that the average mortgage lender makes around $72,000 (they reported on the offices of real estate agents & brokers as having an annual income of $53,000)

05/10/2008 02:38 PM by Tracy Wilson (The Group, Inc)


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Real Estate Agent: Tracy Wilson (The Group, Inc)
Tracy Wilson
Loveland, CO
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