When people are thinking about the kinds of careers they can have in the real estate industry most are just picturing the stereotypical salesmen and think that it’s the end of the line as far as careers go. As it happens, that couldn’t be further from the truth as the real estate industry has dozens of interesting careers to choose from, and so here is a look a few real estate careers one can choose from.
Indeed, every kind of property needs to be evaluated, whether it’s a brand new or previously-owned house. They need to closely look at the various systems in the home, such as the plumbing and electrical wiring to make sure everything is working to perfection and there are no weak points to take into account. They are the ones who let buyers know about the problems a home could bear for them in advance, helping them to make an educated decision. Home inspectors are one of the basic pillars on which the real estate industry holds on, not to mention that it leaves people more freedom in the sense that they can choose to go on their own as private home inspectors and still make a nice living.
The mortgage broker serves as the middle point between those who are borrowing the mortgage and those who are lending it. However, a mortgage broker never uses his or her funds for a mortgage as they mostly gather paperwork from the borrower and evaluate them. After having gained the necessary information they pass it on down to the lender. The mortgage broker gets how to start your real estate career in the form of an origination fee, and perhaps a yield spread premium from the lender as a form of compensation. Basically, the mortgage lender is the one who makes it possible for buyers to borrow a mortgage without too much hassle.
As the job title indicates it, a real estate appraiser has the job to investigate every single corner of the house in order to determine its official value for purchase, sale, investment, mortgage and loan purposes. Contrary to the inspector who actually does the job for the clients, the appraiser is there to set the official numbers into place. Someone who is to do this job needs to have good knowledge of economics as they need to provide an estimate for how much the property would sell under current market conditions.
The escrow officer has fiduciary duty when it comes to transferring property. In other words, they are an impartial third party who keeps hold of the property and is required by the law to hand it over once the required transactions have been performed and approved. Naturally, an escrow officer will conduct his or her own investigation and make sure that the terms of the sale are met by both parties. In essence, they are basically there to make sure that the deal does go down as was intended, serving both parties without any prejudice.
One of the more popular real estate careers is that of the real estate transaction coordinator as it is one of the jobs which many people use to get into the business. The real estate transaction coordinator manages pretty much all the necessary proceedings up until closing. This position entails a lot of responsibility and liability as the coordinator has the duty to make sure that every single transaction has gone through. He or she also needs to check on the numbers during these transactions to make sure they are indeed for the amount that was agreed on… not to mention that the coordinator is responsible for making sure that the payments arrive in time. All in all, as I said before, a very though job with many responsibilities and even liability, not to mention that you have to complete the course to get your real estate license.
All in all, as you can see, there are numerous real estate careers to choose from and there are many more which I simply will not have the time to talk about here. But do take a look into them anyways because this industry, contrarily to what some people think, has job openings for pretty much any kind of person, whether you prefer to work quietly on your own or are a social animal and crave human interaction. Of course, you should keep in mind that any kind of real estate career will require you to complete an education program specific to it.