Real estate is a vast industry. Most of the time, individuals who are getting into the business do so because they have a specific career path in mind. One of the most important factors determining this path? Money.
Getting involved with real estate is often time-consuming and challenging. However, the monetary reward is often worth it for most at the end of the day. Depending on the specific career you take, you’ll often find yourself making a high amount of pay.
Here are six of the highest paying real estate careers with high earning potential:
1. Real Estate Broker Careers
Working as a broker is one of the most lucrative and highest paying real estate careers. However, it’s important to note that there is a huge distinction between being a real estate agent and real estate broker. The latter indicates that an individual getting involved in the industry has a huge ambition with where they want to be down the line. Most real estate brokers have taken further education, and are qualified enough to manage an office with a number of agents.
Experienced brokers, on average, can expect to make at least a six-figure salary. This number only develops once the broker becomes more proficient in their trade. Just be sure to have your real estate licence, should you choose to become one.
2. Commercial Real Estate Agent Careers
Those who want to engage in commercial developments can often find themselves being in a lucrative position. This occupation is just as rewarding as residential development, and can be suited to match the agent’s personal sales style as well. A commercial agent essentially helps other businesses secure locations that will monetarily augment their earnings.
Most veteran agents can anticipate a high five-figure salary, while some can even earn upwards of more than $100,000 if they manage their real estate commissions effectively. Commercial agents, however, have to thoroughly know their craft. Leasing portions of land for business often requires a lot of statistical knowledge to make transactions go smoothly.
3. Property Manager Careers
The benefits of acquiring a real estate licence is that you already have a plethora of career options to choose from. Becoming a property manager is one such option, and a lucrative one at that as well. Essentially, this profession involves an individual ensuring that the particular type of property is making money for the owner.
Like the previous two occupations, an experienced property manager can earn a high, five-figure salary. This is generally an average rate as well, allowing property managers to have a lucrative lifestyle. If you enjoy analyzing the upkeep of properties, this is one of the highest paying real estate careers suitable for you.
4. Real Estate Lawyer Careers
One of the most tried-and-tested career paths in regards to salary is getting involved with the law. For individuals looking to further their education and interest within real estate, becoming a real estate lawyer pays dividends. Although time-consuming in preparation, as all prospective legal professions are, you can expect to make a lot of money.
On average, real estate lawyers can earn a six-figure salary, making this one of the highest paying real estate careers in the market. As a bonus, individuals often have a great amount of flexibility as well, as real estate lawyers generally can go into different legal areas. For example, lawyers may choose to advocate for the rights of tenants or give advice before a major real estate purchase is made. You’ll never be short of career options here.
5. Corporate Real Estate Manager Careers
For those looking to get involved in the corporate world of real estate, you should aim to become a real estate manager. This profession entails an individual coming in to manage the real estate of a large brand. The particular details of this profession vary. Managers can, for example, expect to direct real estate holdings of a company.
The payout for becoming a corporate real estate manager is, as one would assume, very high. On average, managers can expect to earn a mid-range, six-figure salary. More experienced corporate real estate managers can earn a lot more, depending on their reputation and overall proficiency for getting the job done.
6. Home Inspector Careers
If you are already satisfied with your salary job, and are looking for a part-time, real estate gig to maximize income, try becoming a home inspector. Most of the time, a home inspector inspects properties for any issues that should be known to buyers, sellers, and other relevant parties.
The flexible nature of this job means that prospective home inspectors can choose their own clients and work their own hours. This means that they can earn hundreds, and potentially even thousands in terms of part-time income. Just be sure to familiarize yourself with roofing and wall structure, for example. You need to be at the top of your game to maximize earnings.
The real estate industry is always evolving in terms of careers offered. With enough practice, those involved in the business will usually earn an extremely lucrative salary. The more experience gained in this field results in financial freedom becoming that much more achievable!
