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Source: Money —
There’s been a rising demand for real estate careers within the last few years.
With the increasing number of students in related programs, the competition for the best paying jobs in real estate is getting tougher. It’s no wonder either — according to ZipRecruiter, top-earning realtors can make over $200,000 annually.
To help you find the right role, we’ve compiled a list of high-paying real estate jobs along with their descriptions and average annual salaries.
Read on to learn more about the most important requirements and how you can succeed in the industry.
Our Top 7 Picks for the Best Paying Jobs in Real Estate
- Real estate agent
- Real estate broker
- Real estate attorney
- Real estate developer
- Property manager
- Real estate consultant
- Mortgage loan officer
Real estate agent
Real estate agents help clients sell, buy or rent land and buildings, usually for a preset commission. Their duties include creating listings, promoting and showing properties, mediating negotiations and preparing all necessary documents. Agents must be familiar with the most important landmarks, communities and statistics of the area they serve.
To pursue a real estate agent career, you’ll typically need to be 18 years old, take some courses and pass a licensing exam. While most employers prefer candidates with a degree, it’s usually not a requirement.
Real estate agent pay $61,480 on an annual average basis. Because of the nature of the job, earnings and work schedules can be pretty irregular. Being a real estate agent requires a great deal of flexibility, as most agents need to work on the weekends and evenings and spend a great deal of time away from their desks.
Real estate broker
Just like real estate agents, brokers represent buyers, sellers or renters of a real estate property during a real estate transaction. The main difference between the two professions is that real estate brokers can work independently, have their own real estate firms and employ real estate agents. To become a real estate broker, you must be over 18 years old, complete some relevant courses and pass an exam. In most states, you need at least one to three years of experience as a real estate sales agent and must take several additional courses.
According to the U.S. Bureau of Labor Statistics, real estate brokers earn an average of $86,490 annually. Some brokers are self-employed, while many manage a real estate office or work under a franchise agreement. Depending on the form of work, brokers usually need to be flexible regarding work schedules, ready to step in at any hour if or when a negotiation goes awry. They also bear a lot more legal responsibility than real estate agents.
