This part of the industry helps people buy, sell or rent residential real property. Agents try to sell or rent property within a reasonable time period and at a fair price. They search for property desired by a client, also at a fair price. Buyers and sellers use agents because they are experts in the process of buying, selling and renting property, including financing and negotiating, and they save the clients time and money by facilitating the transaction. They also have access to a wider selection of properties and can expose a home to more buyers or renters.
Individuals who work in commercial real estate specialize in income-producing properties such as apartments and office buildings, retail stores, shopping centers and industrial parks. Commercial brokers can assist you in determining if a property is a good investment or in the leasing and managing of commercial properties.
Appraisers provide expert opinions as to the value of properties. Real estate is appraised to determine many types of values, be it assessed value for tax purposes, insured value, book value for accounting purposes, present value for potential investors or rental value for income projections. They evaluate all factors that affect the potential use of the property at present and in the future. A separate license is needed here.
Land brokers not only deal with land for farming and recreation, they also deal with land for residential, commercial, and industrial expansion. Land brokers analyze the income potential for properties and determine a farm’s capacity to produce based on their knowledge of agriculture and the market.
Land developers attempt to put land to its most profitable use through the construction of improvements. They organize and supervise the project from the acquisition of land all the way through construction and final sale, including site selection, planning and layout, and financing.
Urban planners work with local governments and other civic groups to develop productive and convenient ways to use land and water resources for urban renewal projects. They influence many aspects of community life as they try to accommodate the city’s future growth.
Global transactions are becoming increasingly common to all kinds of business. Each of these real estate specialties can be pursued in a global arena. Real estate professionals can be a resource to consumers through assisting foreign investors or helping local buyers invest abroad. Learn more.
Many real estate brokers choose to hire a personal assistant to help them become more organized and efficient. Real estate assistants provide support including client follow-ups, preparing for listing presentations, coordinating schedules, marketing, performing clerical duties and more. Assistants can be licensed or unlicensed, but are limited in the services they can provide if not licensed.