Real Estate Career
Specialties
It’s More Than
Selling Homes
The real estate
industry has evolved into a highly specialized discipline and integrates
other specialties such as marketing, geography, economics, finance,
sociology, political science, art and law. You can decide to help people
buy and sell property, relocate, sell or develop land. In addition, real
estate professionals are typically involved members of their communities
helping to promote the overall well being of the community.
Broker vs. Salesperson
As a real estate salesperson you are affiliated with
a real estate broker. With more more courses and upon
passing an additional exam you can become a real estate broker. As a
broker you can become the principle member of a company that
engages in property sales and have the opportunity to employ other
salespeople or become affiliated with another broker. Brokers or salespersons may make sales presentations,
identify suitable properties, conduct open house tours, identify sources
of financing and coordinate the sales transaction. However, salespersons
and brokers affiliated with employing brokers may do so only in the name of
the employing broker.
With a career in
real estate, your opportunities are endless. Choose any specialty that
suits your style:
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Residential
Brokerage
This part of the industry helps people buy and sell residential property.
Agents try to sell 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 and selling 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.
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Commercial
Brokerage Individuals who work in commercial real estate specialize in income-producing properties such as
apartments and office building, 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.
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Industrial
Brokerage Individuals who specialize in industrial real estate
engage in developing, selling or leasing property that is
used for industry or manufacturing. Brokers consider variables such as
transportation, proximity to raw materials, labor availability, laws and
the community, and may even develop entire industrial parks.
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Farm and Land
Brokerage
Land brokers not
only deal with land for farming, as communities continue to grow, they
also deal with rural land for residential, commercial, and industrial
expansion. Land brokers establish income potential for properties and
determine a farm's capacity to produce based on their knowledge of
agriculture and the market.
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Appraiser
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.
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Land Developer
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.
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Urban Planner
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.
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Counselor
Real estate
counselors give advice on every phase of the real estate business
including income opportunities and productive uses of different kinds of
properties.
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Professional Real Estate Assistant
Many real
estate brokers and salespersons choose to hire a personal assistant to
help them become more organized and efficient. Real estate assistants
provide support including client follow-ups, prepare listing
presentations, prospecting, coordinate schedules, marketing, perform
clerical duties and more. Assistants can be licensed or unlicensed.
Formal coursework is available that leads to a professional designation.
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International Real
Estate
International
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 invests abroad.
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