Career Options for Entry-Level Mortgage & Real Estate Jobs
Working in the real estate or mortgage industry is an excellent choice for those who are looking for an entry-level position. Whether you have just graduated with a high school diploma, a bachelor's degree, or are looking for a career change, there are many opportunities available. Learn more about some of the options for entry-level mortgage and real estate careers.
|Job Title||Median Salary (2016)*||Job Growth (2016-2026)*|
|Real estate brokers and sales agents||$46,410||6%|
|Insurance sales agents||$49,990||10%|
|Property, real estate, and community association managers||$57,040||10%|
|Appraisers and assessors of real estate||$51,850||14%|
Source: *U.S. Bureau of Labor Statistics
Career Information for Entry-Level Mortgage & Real Estate Jobs
Real estate brokers and sales agents
Those who enjoy the idea of helping clients find properties to rent or purchase should consider the entry-level position of a real estate broker or sales agent. Although the two positions both require a minimum of a high school diploma and share similar daily duties, there is one key difference. Real estate brokers are required to obtain a license, while sales agents must work with a licensed real estate broker. Individuals in both positions show potential buyers or renters various properties, host open houses, give relevant advice to their clients, and prepare contracts.
Insurance sales agents
Although they do not work directly with selling or showing homes, insurance sales agents who sell home insurance are immersed in the world of real estate. To become a home insurance sales agent, one must acquire a high school diploma, as well as required licensing. Insurance sales agents train on the job, and learn most of their duties from experienced sales agents. Daily duties include helping customers renew policies, reaching out to new clients, filling out necessary paperwork, and answering questions about new and existing insurance policies.
Property, real estate, and community association managers
Many apartment complexes and other properties require the work of a property, real estate, or community association manager. These managers are required to have a minimum of a high school diploma, with a few years of work experience in real estate. A sample of the daily duties performed by individuals in these positions include showing property to potential renters, scheduling needed repairs, collecting fees from current renters, and handling tenant complaints. While the specific duties of property, real estate, and community association managers can vary, they all have the goal of keeping their properties running smoothly and efficiently.
If you are looking for a job that combines both finance and real estate, becoming a loan officer is an appropriate position to consider. After earning a bachelor's degree in either finance or business and obtaining a Mortgage Loan Originator license, one can apply for most loan officer positions. Additional on-the-job training is also required once hired. Loan officers gather relevant personal and financial data from mortgage applicants, verify the information provided by applicants, and decide whether or not to approve mortgage loan applications.
Appraisers and assessors of real estate
After earning a bachelor's degree and the required certifications and licensing, an individual can qualify to work as an appraiser or assessor of real estate. Because appraisers and assessors work to estimate the value of all kinds of properties, this job is a flexible position for those who are looking at entry-level real estate positions. Although the nature of their daily duties is similar, appraisers and assessors have separate goals in their work. Appraisers determine the value of individual properties, while assessors seek an estimated value of a property for the purpose of tax assessments.