The very common occupation in the real estate industry is being a real estate agent, but the industry itself is huge and there are various career options to choose from. For anyone looking to try out something else and make a profit, these maybe some of the options available to you.
Real Estate Managing Broker
Although this term is used interchangeably with real estate agent these two occupations are not the same. A broker is someone who is a licensed professional who has engaged in further education and has the qualification to manage an office with multiple agents; this might be a suitable career for you if you are looking to become a real estate agent and want to see how you can grow.
Commercial Real Estate Agents
This is different from residential real estate agents in that residential real estate agents are involved in the house buying process and are involved in finding properties related to houses like single-family homes and condos whereas commercial real estate agents work in the commercial sector involved in selling properties to businesses. Because they usually help businesses, they have to be involved with doing research handling data and statistics of the particular area before progressing with the transaction.
Real Estate Developer
This refers to the person buying the land to build a real estate property; this can be houses or buildings. So, he would be responsible for paying for this, planning and also bringing a team to manage and execute the plan, for anyone wishing to become a real estate developer he would need a degree in subjects like civil engineering, architecture, urban planning. He should have communicative, multi-tasking and project managing skills.
There are some investors who after investing in the property hire a team or body corporate Ballarat to help manage their property. A property manager you will be involved in managing the finances and the well-being of the property, have to be able to interact with the tenants and the property owner so everything is going smoothly.
Real Estate Attorney
These are people who use their legal background in solving issues with the property. So, if there is a problem with transferring, title, and document sort of problems they would be responsible to help tackle that.
It is very important to know as much detail as possible of the property, and this is the job of residential appraiser they would collect information on the property so they are able to give some feedback regarding the property, a private appraiser would determine the value of the property before they are sold whereas a pubic appraiser would evaluate the value of a home for taxes. The commercial appraiser is as same as the residential appraiser; usually, commercial appraiser teaches appraisers how to evaluate the value of the property.
They can work for the bank or to a private lender and are involved in the documentation and the processes that need to proceed for the property that needs to be foreclosed.