Careers in Real Estate
The real estate profession has expanded and offers one of the widest career selections in the business world today. Helping people buy and sell homes, office buildings, industrial property and corporation farmland, property management, land development, mortgage banking, urban planning, real estate counseling, appraisal and research are all aspects of a career in real estate. The average home price in California is much higher than the rest of the U.S. and more homes are purchased in California each year than in any other state.
Advantages and Rewards of a Career in Real Estate
A career in real estate provides flexibility and freedom to set your own pace. Income directly reflects your efforts, with no limits on what astute, hard-working men and women can earn. Successful people in real estate are goal-oriented, persevering, self-motivated, ambitious and people-oriented. The rewards of a real estate career are a potential for high earnings, status in the community, autonomy, time freedom, helping people, the intellectual challenge and the satisfaction from those accomplishments.
Working in real estate allows for independence and choices of environment in which to work, such as affiliation with a large or small firm as a licensed salesperson. With more experience, additional courses, and upon passing an additional state exam, becoming a real estate broker is the next step. Brokers can own their own businesses and employ other salespeople.
According to real estate experts, as the economy picks up, a rise in jobs will more than offset slightly higher interest rates; which in effect boosts consumer confidence in purchasing homes and keeps the housing market in record territory. The long-range growth in the San Joaquin Valley will further impact the market and the real estate industry. These factors combine to make a career in real estate an excellent opportunity for success.
Professional Requirements for a Career in Real Estate
Entry into the real estate profession takes preparation. As with other professions, licensing is required. California licensing requirements require completion of real estate courses, along with passing a written exam. Further information on licensing requirements is available on the California Department of Real Estate website at www.dre.ca.gov
Huston Assoc. Real Estate Inc. is proud to feature Anthony Schools® in licensing preparation courses and material.
Continuing Education in Real Estate
Formal education is available while working in real estate. The NATIONAL ASSOCIATION OF REALTORS® and its Institutes, Societies and Councils sponsor continuing education programs for members, and award designations for specialty areas of real estate. The Central Valley Association of Realtors, along with the California Association of Realtors offers continuing educational courses which will increase your knowledge and skills, enhance your earnings potential and promote opportunities for your success.
Huston Assoc. Real Estate Inc.
Along with membership in the National Association of Realtors, the California Association of Realtors, and the Central Valley Association of Realtors, we actively involve ourselves with Nor Cal Rental Property Association Nor Cal RPA, which is a part of the "Golden State Housing Providers." Residential Property Management, along with the listing and selling of homes, and income property are some of the specialities that our office has carved a niche for in our market.
Careers in Residential Brokerage
Helping people buy and sell homes is one of the most important and basic services a real estate agent performs. Agents are experts in the process of buying and selling property, financing, government programs, etc. The real estate agent's expertise facilitates the transaction, saving clients time, trouble and money. Real estate professionals need to have a thorough knowledge of such areas as real estate law, local economics, fair housing laws, types of financing, mortgages and government programs.
Careers in Property Management
The property manager's primary function is to maintain the property in order to produce the highest possible financial return over the longest period of time. More importantly, they are responsible for protecting the owner's investment. Managed commercial properties are likely to be office buildings and shopping centers. Residential properties might be apartment buildings, apartment developments, condominiums and groups of homes owned by a single investor. Property managers usually work for real estate firms. However, other opportunities are found in the real estate department of banks and trust companies. For large housing and commercial development, managers are often expected to maintain an office or residence of the premises and work with only one enterprise. When living on-site, property managers can expect to be on call for emergencies at all times, beyond maintaining standard working hours.
Careers in Commercial Brokerage
Commercial brokers specialize in income-producing properties, such as apartment and office buildings, retail stores and warehouses, shopping centers and industrial parks. To understand and explain why the properties are good investments, commercial brokers need to be aware of the growth possibilities of the area where the property is located, current income tax regulations and purchasing arrangements that give the buyer a greater return on investment. Commercial brokers may also have to arrange financing.