You Need to Know the Pros and Cons of a New Career in Real Estate

Published on: 02 February 2019 Last Updated on: 27 July 2022

Will a career in real estate work for you? It can be an exciting and challenging career change. Deciding on whether or not a real estate career will work for you depends on your personality. You will discover a new level of independence at work and there will always be new challenges.

Before you dive in, consider some of the pros and cons of a career in real estate.

Pros of Becoming a Real Estate Agent:

1) Money – Real estate agents work on a commission. Whenever you sell (or help your clients buy) property, you earn a percentage of that sale. Given that property is usually the most expensive purchase and investment the average family makes, that’s a large chunk of change. There’s no salary cap. If you can find a way to make a million dollars on commissions, there’s no one to put a cap on your earnings the way there would be in a salary job.

2) You’re Your Own Boss – Working as your own boss, you’ve got an unprecedented level of freedom to come and go as you please and vacation when you want.

3) Excitement – Real estate agents are constantly on the move. They’re always out there meeting new people and making new deals. If you’re the type to get bored at a desk job where every day feels the same, a real estate career will shake things up.

4) Knowledge & Experience Pay Off – The more you know, the more you sell. If you love to learn new things and experience more, it’s a career path that will pay off. You will have the chance to become an expert, not just on a neighborhood or types of property, but how to work with people and make sales.

Cons of a Real Estate Career:

1) Getting Started – The flipside of working in a commission-based industry is that it takes time to get started. If you’re working for yourself, there’s no one to pay your salary when you’re not making sales. It will take time before you can find clients and make sales, so be prepared financially to survive until you get the ball rolling. Many people start off part-time until their careers develop.

2) You Need Discipline – The downside to working as your own boss is that you need discipline. No one’s going to make sales and put money in your pocket if you’re spending all your time at the beach.

3) You Need to Know when to Take a Break – For others, the problem might be the exact opposite. If you’ve got a workaholic streak, you’ll need to discipline yourself to put the work away when it’s time to rest and recharge. Find a way to disconnect from your job and relax.

Real estate can be an incredibly rewarding career if you’ve got the personality to thrive in an environment where you’re independent and constantly meeting new challenges. Earning your real estate license is something you can do quickly and cheaply. With online real estate schools like RealEstateU, it doesn’t take long to start getting your real estate license.

Don’t worry if you’re not an expert in homes or home renovation. Your ability to tell whether a home has hard or soft water will not determine your success as an agent. The ability to work with people, work hard and go above and beyond for your clients will ultimately matter much more! However, the more knowledgeable you are in all facets of real estate, the better you will be at ensuring your clients make educated, long-term decisions.

Once you sign up for online real estate classes, you’re free to complete them at your own pace. They will prepare you for your state real estate license exam, and most states require you to complete the courses before you try writing the exam. With online real estate courses from real estate, you get all the resources you need to succeed at your exam, including video/audio lectures, a 200-page PDF textbook, and lessons from top real estate experts.

Get started on your career change today. Sign up for online real estate classes and be your own boss.

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How Many Jobs Are Available In Real Estate Investment Trusts?

How many jobs are available in real estate investment trusts? What are the best paying jobs in real estate investment trusts? Is real estate investment trusts a good career path? If you are searching for these queries, then you are at the right place! Real estate investment trusts are firms that hold finance producing real estate across many areas. This company is situated in almost every state of the United States. However, there are various conditions or requirements for a company to fulfill the basic terms and conditions of Real Estate Investment Trusts (REITs). Keep reading this article till the end to learn more about the same... Keep reading this article till the end to learn more about the same... How Many Jobs Are Available In Real Estate Investment Trusts? According to Indeed and LinkedIn, there are more than two thousand jobs available in real estate investment trusts. However, this number can increase or decrease as per the vacancy available in various sectors. REITs are a rapidly growing industry where many investors are willing to invest more and more due to their investing benefits. On the other hand, ranging from the back office to customer support, there are many jobs available in real estate investment trusts (REITs) but the United States is not hiring all individuals. You can apply for the post of real estate investment trusts (REITs jobs). The latest update shows that the total number of jobs in real estate investment trusts is as follows: New York - 130 Jobs Ashburn - 14 Jobs Scottsdale - 12 Jobs Milwaukee - 12 Jobs Virginia Beach - 12 Jobs Tampa - 13 Jobs Philadelphia - 16 Jobs Toledo - 17 Jobs San Diego - 18 Jobs Glendale - 13 Jobs Jersey - 20 Jobs Newark - 26 Jobs Austin - 26 Jobs San Francisco - 27 Jobs Washington - 28 Jobs Denver - 32 Jobs Atlanta - 42 Jobs Houston - 50 Jobs Los Angeles - 50 Jobs Dallas - 72 Jobs Chicago - 74 Jobs Is Real Estate Investment Trusts A Good Career Path? There are many queries regarding the opportunities of real estate investment trusts that it offers to its investors. REITs are a good career path but qualifying all the requirements of REITs may not be possible for every firm or individual. Real estate investment trusts are a good career path, and one of the main reasons is a high return on investment. On the other hand, there are some basic factors that you need to consider before choosing REITs as your career path. According to sources, in recent years, there has been a relatively steady increase in the number of real estate investment trusts (REITs) in the United States. There were 206 REITs in 2022, down from 217 the year before. The market cap increased significantly despite the decrease in the number of REITs. What Are The Best Paying Jobs in Real Estate Investment Trusts? To know how many jobs are available in real estate investment trusts, first, you need to know what are the best paying jobs in REITs. According to our research, the best paying jobs in real estate investment trusts (REITs) are salespeople, leasing agents, broker jobs, fund managers, and much more. The descriptions of all jobs differ and you need to understand the basics of each and then you can proceed to know the best ones for yourself. The benefits will increase more when you own your own real estate investments. Now, let’s discuss the top departments that get the highest salary in the real estate investment trusts. 1. Asset Manager Within REITs, the Asset Management function is responsible for the financial and operational performance of the portfolio. They manage client assets according to investment goals and preferences. Moreover, these managers develop, organize and maintain client portfolios. It is one of the highest-paying jobs, with salaries ranging from $70,000 to $1,000,000. They must monitor the financial and operational success of the business. In addition, they are in charge of marketing, locating investors, and verifying returns. Asset management can be a good career, especially for investment banking, finance students, and high-performing economics. At the end of 2019, BlackRock was the largest asset management firm all over the world, with managed assets of around 7043 trillion US dollars. Thus, this is really a huge amount! 2. Property Manager It will surprise you to learn that approximately 15,000 property managers are employed in the United States at the moment, and this number is growing. Engaging with clients and selling or renting property at the best prices are the responsibilities of a property manager. From leasing to collections and property upkeep, they take care of everything. The best part is that no minimum qualifications are required to apply for this position. The compensation for this occupation goes from $55,000 to $65,000 every year, and the featuring part is that the vocation development is very great. 3. Acquisitions Working for this job profile necessitates a significant amount of analysis because they must identify and evaluate potential acquisition targets. This industry offers a lot of job opportunities, and the good news is that it pays well—about $80,000 per year. They must be able to solve problems well and be aware of new investment opportunities to increase revenue. One of the best jobs in the real estate investment trust industry is this one. Acquisition departments provide paying jobs in real estate investment trusts. However, this is a pretty finance-heavy role within the real estate industry. 4. Investor Relations This department of real estate investment management manages all outward-facing communication with REIT shareholders. An average management investor earns up to $150,000. This is truly huge, and this is regarded as the best paying job role in REITs. If you're looking for a position in the finance and accounts department, this is it. The best part is that it pays very well and has good growth potential. The job of investor relations also includes organizing and preparing for the annual meeting, which includes writing a proxy statement and an annual report for the company. Now, to get this job role, you need an undergraduate degree with a background in finance or accounting. 5. Real Estate Investor This is one of the best jobs in the real estate investment trust industry because, in addition to the high salary, there are good chances of advancement in this industry. Their primary function is to assist individuals in achieving financial independence through real estate investments. This job requires extensive market research before investing and trading, which takes time. You will be required to perform a variety of tasks, including checking, maintaining, flipping, purchasing, and rehabilitating the properties, making it not only mentally but also physically demanding. All of this helps them increase the value of their investments. You need a degree in accounting, finance, or business to become a real investor because you need to come up with ways to make better investments for yourself and your clients. A real estate investor earns anywhere from $15,000 to $15,000 per year. How Many Jobs Are Available In Real Estate Investment Trusts? According to Indeed, there are more than two thousand jobs available in real estate investment trusts. However, this number can increase or decrease as per the vacancies available in various sectors. REITs are a rapidly growing industry where many investors are willing to invest more and more due to their investing benefits. On the other hand, ranging from the back office to customer support, there are many jobs available in real estate investment trusts (REITs). According to sources, in recent years, there has been a relatively steady increase in the number of real estate investment trusts (REITs) in the United States. There were 206 REITs in 2022, down from 217 the year before. The market cap increased significantly despite the decrease in the number of REITs Wrapping It Up! The above discussed are the best paying jobs in real estate investment trusts that you must know before investing in this asset. Besides, I have tried my best to provide you the detailed information about how many jobs are available in real estate investment trusts. Still, if you have any doubts, you can mention them in the comment section below. Read Also About: Is Energy A Good Career Path Is Business Services A Good Career Path Is Other Consumer Services A Good Career Path

Traditional Job Interviews Will Be Dead by 2020

A majority of companies use traditional job interviews when hiring. This involves having the interviewee coming in and meeting the interviewers face-to-face. This method doesn’t work, according to Simply, author of "10 Interview Questions To Ask To Find Your Next Retail Super Employee." To begin with, most people actually lie during interviews. They do it because, given the kind of environment created by traditional interviews, candidates are willing to do anything to get through. Take candidates during an interview for a position in your company, for example. You ask them if they have a certain skill that you probably deem important to the job they are interviewing for. The candidates obviously know that if they admit to not having that skill, they will not get the job. So, they will most likely skirt around the topic and give you the impression that they are more than qualified for the job. As an employer, many of your candidates are spoon-feeding you these dishonest answers and, if modern data is anything to go by, many employees are eating this misinformation up. We Have Too Many Biases : It’s not just about the lies that interviewees tell you during interviewers. It’s also about the inherent psychological biases you have that make you more likely to favor certain types of candidates over others. For starters, we tend to evaluate attractive people more favorably than others. We see them as being more intelligent than their less attractive peers, more competent and more qualified. The truth, however, is that this isn’t objectively true. We also evaluate taller people in a different way that we evaluate shorter ones. Height is associated with leadership skills, and so taller people are evaluated as having greater leadership skills. Just look at the presidents we’ve had for most of our history and a majority of the CEOs at large Fortune 500 companies. Taller people also seem to command higher salaries than their shorter counterparts. We tend to think of people with lower-pitched voices as more trustworthy and consider them to have more integrity and fortitude. None of the biases above are objectively true. Short people can be leaders just as great as tall people, unattractive people have often proven more intelligent and competent than their attractive counterparts and people with higher pitches can be just as trustworthy as those with lower pitches. It doesn’t help, however, because these biases are ingrained in most of us. If you somehow arrive at the conclusion that a candidate is an introvert, you will automatically assume they are incapable of leading teams, even though that isn’t necessarily so. Our inherent assumptions affect how we even question candidates. The Future of Job Interviews : This is why the future will contain very few traditional interviews. Instead, we will do more job auditions, where the candidates will be required to perform tasks related to the jobs they are applying for, much like the auditions musicians attend. You can get a sales representative to sell you a product or a software engineer to build you a simple product. These will prove much more effective going forward, especially for jobs where performance and hard skills matter the most. Read Also : Go For A Better Legal Job In 2018! Why Is Sleeping Well So Important For Job Performance? How Personal Branding Online Can Help Your Job Search

Voluntary Unemployment – Definition, Examples, Types & Reasons

Voluntary unemployment is a circumstance where the unemployed individual decides not to consider the job at the going wage rate. This can be due to various reasons that we will discuss in this article. This type of unemployment refers to voluntary non-working. Examples of this unemployment are people who refuse certain job offers because their benefits are not in line with expectations. On the other hand, voluntary unemployment contrasts with involuntary unemployment, which includes people who are prepared to work but are jobless. What Is Voluntary Unemployment? How Is It Different From Involuntary Unemployment? Voluntary unemployment describes the number of individuals in an economy without jobs because they choose to be unemployed. The primary reasons can be an incompatibility with open positions or low wages. On the other hand, involuntary unemployment means there are no types of job openings that fit your expertise. Or, you may not have the right qualifications that fulfill the employer’s expectations. So, I believe that both topics should not be overemphasized. In fact, most of the workers even have a chance of being employed at a certain wage level. Reasons For Voluntary Unemployment There can be specific reasons for voluntary unemployment and these are described below. i). Certain jobs are very boring, such as security guard, fruit picking, etc. ii). There are many individuals who are looking for a job as per their skills and qualifications. However, it is very difficult to find nowadays. iii). There are many unemployed benefits a person receives from the government when he/she has no way to feed their family. iv). High marginal tax rates also prevent people from looking for work. These tax rates minimize the salary they bring home. v). Most people think that they are financially prosperous with unemployment benefits rather than considering low wages. Voluntary Unemployment Relationship With Other Forms Of Unemployment Voluntary Unemployment is politically sensitive because it highlights that the unemployed are lazy and not willing to work due to low wages. It can also cause poverty in the long run if it is used as a reason for cutting unemployment advantages. So, there is a strong relationship between voluntary unemployment with other forms of unemployment. 1. Involuntary Unemployment Involuntary unemployment occurs when those who are able and ready to work at the going wage rate but are limited by factors beyond their control. These factors can be efficiency wage theory, implicit wage bargaining, labor market inflexibilities, and deficiency of aggregate demand. 2. Demand Deficient Unemployment Demand Deficient Unemployment occurs when a fall in economic growth leads to less demand for labor. A fall in aggregate demand means that fewer goods and services are in demand, and less labor is needed. For example, the demand deficient unemployment graph had increased during the Covid-19 pandemic. At the same time, the unemployment rate had also increased. 3. Structural Unemployment Structural unemployment is caused by a mismatch of skills between the available jobs and the unemployed. This is usually caused by changes in the economy. For example, skilled pilots would lose their jobs if airplanes became completely automated. Then, these pilots may struggle to start again in the new industry. 4. Frictional Unemployment Frictional unemployment is when employees decide to leave their current positions in order to find new ones and individuals entering the workforce for the very first time. Besides, this unemployment type has a very close relationship with voluntary unemployment, and it occurs naturally. Frequently Asked Questions (FAQs) 1. What Are The Six Types Of Unemployment? Ans: The six most common types of unemployment are Frictional unemployment, Institutional unemployment, Structural unemployment, Cyclical unemployment, Disguised unemployment, and Technological unemployment. 2. What Are The Examples Of Voluntary Unemployment? Ans: Voluntary unemployment refers to deciding not to be employed despite the availability of work. The best example of voluntary unemployment is quitting one’s job, and there can be various reasons for the same. 3. Is Voluntary Unemployment Not Considered As Unemployed? Ans: Voluntary unemployment is the situation where a person is able to work but denies to work due to many reasons. They are known as unemployed of their own will. Thus, they are not considered unemployed and will not be given any benefits by the government. 4. What Is The Difference Between Voluntary And Involuntary Unemployment? Ans: Voluntary unemployment is the situation where a person is able to work but denies to work due to many reasons. At the same time, involuntary unemployment occurs when a person is unemployed, notwithstanding being ready to work at the current wage. The Final Thoughts Voluntary unemployment is rising at present, and there are many reasons for the same. For example, a person looking for a job and not getting the desired job according to his skills and qualifications may reject the job opportunity. Thus, this is all about voluntary unemployment and how it affects your day-to-day life. Read Also: Most Common Misdemeanors You Could Be Accused Of The Ultimate Guide To Guest Posting: Scale Your Business Las Vegas Electricians Share Fun Lighting Ideas for Your Home

You Need to Know the Pros and Cons of a New Career in Real Estate

Pros of Becoming a Real Estate Agent:

Cons of a Real Estate Career:

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Content Rally wrapped around an online publication where you can publish your own intellectuals. It is a publishing platform designed to make great stories by content creators. This is your era, your place to be online. So come forward share your views, thoughts and ideas via Content Rally.

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How Many Jobs Are Available In Real Estate Investment Trusts?

Traditional Job Interviews Will Be Dead by 2020

Voluntary Unemployment – Definition, Examples, Types & Reasons

You Need to Know the Pros and Cons of a New Career in Real Estate

Pros of Becoming a Real Estate Agent:

Cons of a Real Estate Career:

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Content Rally wrapped around an online publication where you can publish your own intellectuals. It is a publishing platform designed to make great stories by content creators. This is your era, your place to be online. So come forward share your views, thoughts and ideas via Content Rally.

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Follow Us

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