Real Estate Jobs

Nov
2014
06

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Real Estate Jobs   

For those of you who want to get into the New York real estate business, there are a lot of questions you might need answers to. Questions such as what is involved in the training to be a real estate agent? What is required to get a license? Should you work for a realtor or for yourself? Let’s look at the process for becoming an agent as well as the outlook for real estate jobs today and in the next decade.

Training and Licensing

Training and requirements for licensing vary from state to state as each state regulates its own real estate industry. For all states however there are some general minimum requirements.

  • You must be a U.S. citizen.
  • You must be 18 years of age or older.
  • You must complete three courses which are at the college level. These courses are: Real Estate Practice, Real Estate Principles, and one elective chosen from a list of requirements.
  • Provide the Secretary of State in your state with your transcripts.
  • Take the Real Estate Board exam for your state.
  • Pay whatever fee is required in your state.

Many states require additional courses in order to take the Real Estate exam and become licensed. You need to check with the secretary of state or the Board of Realtors in your area.

Jobs in Large Metros and High Rise Buildings

In major cities there are high rise buildings that are managed by real estate agents in various capacities and with various experiences. This is just one example of the kind of jobs that are and will be available to agents in this decade.

These positions might not fit the norm for real estate agents today, but there is a growing demand for these professionals to fill these types of positions wherever there are high occupancy, high rise buildings whether they are rentals or owner occupied.

  • Leasing Administrator: This position acts as a liaison between the management company and the properties being managed. The leasing administrator collects and analyzes data then recommends policies, lease agreements, rental criteria and procedures. The average yearly income is $50,000.
  • Real Estate Coordinator: This position usually assists a Real Estate Manager, Director, or Property Manager. This is an entry level position and pays about $50,000 per year. The coordinator supports the manager or director by coordinating all the activities that pertain to the real estate function required for the building to be managed effectively. This includes lease administration, acquisitions and divestitures, and property management including SLAP’s – Site Location Approval Packages and any special activities or projects.
  • Real Estate Sales Associate: This is a position for an experienced real estate agent. This is one of the fastest growing areas of employment for agents. The associate lists residential and commercial real estate and makes the sale. It is an opportunity to develop your own clientele and take advantage of any training and support that the hiring company can offer. Salary runs around $70,000 a year.

So these are just an example of the new type of career opportunities that will be available to real estate agents in the future.

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