What Can a Career in Real Estate Involve? (With 11 Examples)
By Indeed Editorial Team
Published 24 October 2022
The Indeed Editorial Team comprises a diverse and talented team of writers, researchers and subject matter experts equipped with Indeed's data and insights to deliver useful tips to help guide your career journey.
Real estate industry roles can involve managing property finance and legalities, overseeing property paperwork and helping clients buy and sell properties. These roles have different educational, experience and skill requirements. If you're interested in working in real estate and require more information on your options, knowing what different careers in real estate can involve can help you choose the best path for your interests and aptitudes. In this article, we define a career in real estate career, list reasons to work in the field and share 11 real estate careers that exist with details on their responsibilities and required education.
What is a career in real estate?
A career in real estate can involve working with physical properties and structures that occupy a section of land. It can include working with undeveloped land or with the design, building, upkeep and sales of residential, commercial or industrial buildings. Real estate careers can include roles where a person helps develop land or zone it for appropriate use. This can involve constructing single-family homes or apartments for individuals, shopping centres, office buildings for businesses and factories and warehouses for industrial manufacturers.
Reasons to work in real estate
Here are a few advantages of working in real estate:
Fast-paced: Careers in real estate can involve working on deadlines to ensure that you design, develop, build or sell a property by a predetermined time to meet a client's expectations. This type of real estate job can actively engage you and help keep you involved and interested in the role.
Allows for growth: Real estate roles can involve you working independently or for commission, even if you work in an agency or business. This means you can control how much work you accomplish, helping you to control your career's progress.
Flexible: Real estate roles can involve working outside traditional office hours and outside a traditional office environment. This can give you more flexibility over your schedule and how or when you meet your work responsibilities.
Social: Working in real estate can involve working alongside many other real estate professionals or those involved in the property construction, financing and marketing process. This can make it a social job that involves interactions with a diverse range of people.
11 real estate positions
Here are some different roles you might have if you're interested in a career in real estate:
1. Real estate agent
Real estate agents help clients find, buy and sell properties. They can work on commission, earning a percentage of each transaction's value independently or for an agency or brokerage. Becoming a real estate agent doesn't require a specific qualification but can require you to work in the real estate industry for a specific number of years depending on your state or territory. It can also require you to obtain and annually renew a real estate licence.
2. Real estate developer
Real estate developers source and purchase suitable land, build properties on them and sell them for a profit. Real estate developers plan, coordinate and oversee a building's construction according to a schedule. This can involve finding someone to finance the construction, architects to create a building plan and crews to manage the building's plumbing, electricity and design. You can prepare for a real estate development career by completing a qualification in property development, real estate, architecture, urban planning or civil engineering.
3. Real estate investor
Individuals who finance property purchases are real estate investors. They work with a property developer to build and sell properties for profit or oversee the development process themselves. Real estate developers can invest their money into property or make an investment on a client's behalf.
Finding success as a real estate investor can require creating and adhering to a budget or strategy that produces favourable investment yields. It can require in-depth knowledge of property, finance and population trends.
4. Property manager
When a client invests in a rental property, they can hire a property manager to manage it and liaise with tenants. Property managers help keep rental properties in good condition and ensure it meets any legal or structural requirements. They can help capture and manage property rental paperwork and act as an intermediary between investors and tenants. Becoming a property manager can require the completion of a licensing program, certificate of registration or Certificate IV, depending on your state or territory.
5. Building inspector
Building inspectors evaluate properties for defects or weaknesses that could create health, safety and structural risks. They ensure properties comply with local laws and regulations and can advise on, issue and certify building plans.
Working as a building inspector can require knowledge of local building and construction codes, ordinances or zoning regulations. It can also require that you complete a relevant building surveying or construction management qualification and apply for a White Card for on-site work.
6. Real estate marketing specialist
A property investor, developer or leasing agent can work with a real estate marketing specialist to help generate public awareness of a property with a specific target market. They can run time-limited campaigns to market a vacant building or building space for businesses and residents based on the building's unique qualities.
Real estate marketing specialists can have communications, social media or public relations qualifications. They can work independently or in an agency. When helping market a property, they can also create and share digital images and copy on social media and help to plan and execute newspaper or pamphlet adverts.
Conveyancers can help property buyers and sellers draft, negotiate and submit the relevant documents and contracts involved in a property transaction. The role can involve conducting searches to determine if the property has future construction plans, is at risk for natural disasters or has had pest infestation issues or structural problems in the past.
Conveyancers can also help buyers or sellers finalise a property settlement by verifying its ownership and determining if any debts exist on the property. To become a conveyancer, you can complete an approved qualification and apply for a conveyancing licence in your state or territory.
8. Mortgage broker
Mortgage brokers can help clients to secure complete or partial funding for their desired property purchase. They have a credit licence and Australian Securities and Investments Commission certification. This allows them to compare and recommend loan products from various financial institutions to find one that suits a client's needs and budget while offering a competitive interest rate.
Mortgage brokers can also help clients prepare for home loan applications to improve their chances of approval. They can make the application process easier and less time-consuming by helping clients prepare for and adhere to a financial institution's unique lending requirements.
9. Property valuer
Property valuers can determine a property's market and investment value to determine its ideal buying or selling price. They do this by researching and analysing a property's purchase history, the popularity of the area it's in and any features that make it attractive or unique compared to similar properties on the market.
Property valuers can complete an undergraduate degree in property economics or valuation. Becoming a certified practising valuer can require they become a member of the Australian Property Institute or the Australian Valuers Institute to keep up to date with industry valuation standards and abide by its code of conduct.
10. Property lawyer
Property lawyers manage the legalities of selling, buying, dividing or transferring a property. They're familiar with the property laws, restrictions, covenants or easements applying to property sales and purchases. Property lawyers can advise on the inheritance and taxation aspects of a property. If they have litigation experience, they can also help clients settle property-related disputes.
You can become a lawyer by completing a Bachelor of Law or a Juris Doctor degree, completing practical legal training, gaining admission from your state or territory, applying for a practising certificate from your local law society and completing several months of supervised legal practice.
You can become an architect if you're interested in conceptualising and designing buildings for clients. Architects use hand drafting and computer-aided design applications to plan potential builds. They consider the client's specific requirements while accounting for external factors, including town planning laws and local sustainability requirements. Architects can help draft reports and proposals for clients on a building project's feasibility and guide them throughout the building process.
You can become an architect by completing an architecture undergraduate and master's degree, gaining relevant experience, passing an Architectural Practice Examination and registering with your state or territory Architect Registration Board.
Please note that none of the companies, institutions or organisations mentioned in this article are affiliated with Indeed.
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