Career Options for Jobs that Require a Real Estate License
Jobs that require a real estate license range from sales to management positions. The key job duties and outlooks for several positions are covered below.
|Job Title||Median Salary (2016)*||Job Outlook (2014-2024)*|
|Real Estate Sales Agent||$44,090||3%|
|Real Estate Broker||$56,790||2%|
|Real Estate Title Officer||$45,800 (Title Examiners, Abstractors, and Searchers)||-1% (Title Examiners, Abstractors, and Searchers)|
|Real Estate Appraiser||$51,850 (Assessors and appraisers of real estate)||8% (Assessors and appraisers of real estate)|
|Real Estate Manager||$57,040 (Property, real estate, and community association managers)||8% (Property, real estate, and community association managers)|
Source: *U.S. Bureau of Labor Statistics
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Career Information for Jobs that Require a Real Estate License
Real Estate Sales Agent
This career may appeal to those interested in a sales-oriented role. A real estate sales agent is responsible for assisting clients with buying, selling, or renting properties. They may be self-employed or work for an established real estate firm, but they must collaborate with real estate brokers during the sales process. Job responsibilities include serving as a liaison between sellers and buyers, marketing properties for sale through online listings and open houses, and providing buyers with guidance throughout the buying process. Agents will need a minimum of a high school diploma and obtain their real estate license. Basic licensing requirements include 18 years of age, completion of real estate classes, and successfully passing an exam.
Real Estate Broker
Those interested in working as a real estate agent may also want to consider working as a real estate broker. Both careers involve similar job responsibilities; however, real estate brokers are certified to operate their own business. One responsibility is working with sales agents. Other job responsibilities include maintaining and expanding their client base, analyzing properties to set a competitive price, and handling all necessary paperwork, such as deeds and purchase agreements. In addition to a real estate license, this career also requires a broker's license, which involves one to three years of experience as a sales agent and additional educational courses.
Real Estate Title Officer
A career as a real estate title officer may be suitable for individuals with a real estate license who are not interested in working in sales. A title officer specializes in examining the accuracy and legitimacy of property titles before sales can be finalized. They often work for title companies and spend most of their time in the field looking through property records. Title officers analyze documents like mortgages and maps, ascertain if any liens exist on property titles, and collaborate with realtors, financial institution employees, and surveyors on issues. Requirements for having title examiner certification or a real estate license may vary by state or employer; possessing those, along with computer and analytical skills, could benefit title officers in carrying out their duties.
Real Estate Appraiser
A career as a real estate appraiser may be suitable for people with a real estate license who are interested in determining properties' financial worth. Appraisers examine properties and related documentation to determine fair market estimates. They may work for local government agencies or be self-employed. Job responsibilities include ensuring property descriptions are accurate in public records, documenting properties through photographs, and utilizing adjacent properties to determine estimates. Appraisers can specialize in either commercial or residential properties. They will need a bachelor's degree and must meet licensing requirements set by their state, such as the Certified General Real Property Appraiser or the Certified Residential Real Property Appraiser.
Real Estate Manager
Those interested in a management role could consider a career as a real estate manager. They supervise residential or commercial properties that generate income. Job duties include overseeing the fiscal operations, such as paying taxes and bills and collecting rent, and keeping property owners advised of occupancy rates and other operating issues. Real estate managers may provide guidance to property owners on appropriate rental rates. They work in an office environment, but often spend time showing available properties or resolving issues reported by tenants. Employers usually require a bachelor's degree, with a real estate license required to buy or sell property.