A real estate investment trust is a firm that deals with real estate properties and assets to profit from their sale. A real estate investment trust (REIT) is in control of all parts of a real estate project, from development to property maintenance and investment management.
For individuals interested in the sector, it is a lucrative industry with plenty of work prospects. We’ll take a look at some of the positions available in the REIT industry in this piece.
How many jobs are available in real estate investment trust (REIT)
REITs employ 308,000 employees full-time. Furthermore, real estate investment trusts support nearly 2.9 million full-time jobs indirectly. Listed below are some of the jobs available in Real Estate Investment Trust:
- Leasing Agents
- Real Estate Brokers
- Real Estate Lawyers
- Property Managers
- Real Estate Developers
- Real Estate Assistants
- Escrow Officers
Property owners might hire a leasing agent to assist them in selling their property. A leasing agent is a representative or liaison between a property owner and a renter who is responsible for the following tasks.
- Prospective tenants are screened to ensure they are qualified.
- Bringing the transaction to a close and preparing the relevant paperwork.
- Taking potential buyers on a tour of the property
- They are also responsible for marketing the house via various advertisement outlets and promotional equipment such as fliers.
- A leasing agent should be convincing, have strong negotiation abilities, and have a thorough knowledge of the property.
- The average income of a home inspector in a year is $66,950.
A mortgage banker is a professional banker who provides consumers with mortgage loans. They check potential clients’ financial standing to see if they qualify for a loan.
They can also provide consumers with mortgage advice to assist them in making their decision. Also, they make sure that the transactions follow all financial norms and regulations. The average compensation for a mortgage banker is $49,579, and earnings commissions can add up to a lot of money.
Real Estate Appraiser
A real estate appraiser is a professional who determines the market worth of a property, which could be land, a residential residence, or a commercial facility. They calculate the market worth depending on the structure’s condition, location, and intended purpose.
A real estate assessor and a real estate appraiser, on the other hand, are sometimes mistaken and used interchangeably. They both work in the same setting and have comparable responsibilities, but the main distinction is that the latter examines one building at a time, whilst the former evaluates many structures simultaneously.
The structures can be in the same area, community, or complex. Indeed.com claims that a real estate appraiser’s average compensation is $57,606.
Also, check out How to Apply for Jobs on Jobberman.
Real Estate Brokers
Real estate brokers are real estate agents who hold a special license that allows them to run a real estate firm or assemble a team of agents. They carry out the following tasks:
- Assisting clients in renting, leasing, or purchasing residential units, buildings, offices, or other properties
- Also, they handle the process of selling or leasing a property between the owner and the buyer.
- They write the contract agreements for the property’s sale or leasing.
- They provide clients with consultancy services.
- Overseeing and training a group of real estate agents
The national average compensation for a real estate broker, according to Glassdoor, is $101, 746 per year.
Real Estate Wholesalers
Real estate Wholesalers are real estate agents who specialize in finding people who are ready to sell their homes. They purchase it from them and resell it for a higher price than they paid for it.
They also collaborate with investors who are looking to buy foreclosed houses and help them get a better deal. Also, they work with brokers to help sell the properties they list. A real estate home wholesaler’s average pay is $74,062 per annum.
Real Estate Lawyer
A real estate lawyer is a licensed attorney who practices in the real estate market. They provide legal representation for concerns involving transaction disputes between sellers, real estate agents, and buyers.
Also, they’re in charge of creating and examining legal documents relating to sales, contracts, and ownership transfers.
They can also provide advice to their clients, which could include the seller, real estate brokers, or buyers. Real estate lawyers earn an average of $102,741 per year.
Property managers are in charge of overseeing the effective administration of residential and commercial properties for renters. They respond to tenant complaints and complete necessary maintenance and repair work. They are simply the property’s landlord’s representative.
Also, they are in charge of determining tenement rates and ensuring that vacant spaces are filled. A property manager can earn up to $30,000 to $76,000 in a year.
Also, check out How to Get Jobs on Fiverr.
Real Estate Developers
Real estate developers are pioneers who have put a lot of money into real estate developments. They buy land, plan and estimate the complete cost of a construction project, construct the project from beginning to end, and then sell or rent it to customers.
They are in charge of hiring architects, site engineers, contractors, and other members of the construction project team. Also, they are in charge of the project’s financing, which could come from bank loans or real estate investors. A real estate developer can earn between $62,000 and $164,000.
Real Estate Assistants
They collaborate with real estate brokers and agents on administrative chores such as responding to emails, taking phone calls, preparing paperwork, publishing listings, generating reports, and scheduling appointments. The average salary of a real estate assistant is $39,230.
Escrow officers are professionals that ensure that the terms of a real estate agreement are followed and that all legal documents are signed by both parties engaged in the transaction. The cash can only be issued after this agreement has been sealed and signed. Escrow officers make an average of $51, 289 per year.
Final Notes on How Many Jobs are in Real Estate Investment Trust
The real estate sector is one of the most thriving industries in the world; it has grown in popularity through time and has become a significant source of cash for the economy.
For people interested in managing and selling land properties and structures, the business is brimming with prospects. We have discussed some of the occupations that are available in this article.
Before you go, apply for Available Jobs.