Real estate, one of the most competitive and dynamic sectors, serves as an essential pillar of the world’s economy. Therefore, it offers several opportunities for a professional to develop, learn and make a successful career in the same field. However, there has been a significant shift in the framework of the real estate market post-pandemic.
On the one hand, the market’s reach broadened from urban to sub-urban as a result of the working population’s retreat due to a shift in work culture, allowing workers to work from anywhere without having to travel to the office. While on the other end, it also shook its foundation and made it more challenging and innovative.
So if you are looking for a regular 9 to 5 workstation job, this is not the profession you should be pursuing. Apart from providing immense scope to earn and grow, this profession is demanding, and you need to learn to handle the pressure that comes with it.
Your success in this profession will depend on your networking and marketing skills paired with your strong goodwill in the multi-billion dollar industry.
As a novice, you can choose from various career paths available in the industry. Let’s take a look at each one to see which one best meets your needs.
Real estate broker and agent
A real estate agent needs to have a professional license to offer services to their clients when it comes to buying, selling, renting, and collaborating. In comparison, a broker is more specialized and has additional expertise that they have acquired through industry-specific training and licenses.
The brokers may operate independently or buy a franchise real estate of an established developer and use their system and tools to expand their business with a ready real estate inventory while managing a team of agents.
Real estate attorney
Due to the nature of real estate deals that require lots of legal procedures and documentation. For the successful execution of the agreement, an expert legal attorney assures that all the parties’ interests are being taken care of when it comes to clear title of the property, clauses in the contract, insurance etc. Thus making it a promising career option.
Property Valuator and consultant
There is a considerable demand for evaluators and financial consultants whose services are integral to making investment decisions by individuals or corporates to park their funds. Their job is to offer sound financial advice to their clients that would reap the maximum returns in the future. They also help the buyers and developers to decide from the various options to finance their projects and help them with the paperwork and other formalities to avail loans.
Real estate developers
The steady demand in the infrastructure needs of the growing housing and corporate sector has created a growth platform for the real estate construction companies. You may start while undertaking a solo project and make your way to executing multiple small and large-scale projects depending on your goals and expansion plans.