Real estate offers a wide variety of professions, lots of which include the opportunity to earn great profits. Depending on region and training, top performers in this enterprise often make greater than $100,000 each year. But what are the best paying jobs in real estate investments trusts in 2023?
This industry offers many roles for those interested in investment or self-employment possibilities, several of which can be worthwhile sources of profits.
In this article, we provide an explanation for numerous money-making opportunities inside the real estate industry and a number of the best paying jobs in real estate investments trusts.
The real estate area is full of job opportunities for individuals who are inspired to be their bosses and set their schedules. But one aspect that sets real estate aside from most self-employment possibilities is that you have significant profit potential. Many jobs in particular places can pay properly over $100,000 per yr.
Before we get into the best paying jobs in real estate investments trusts, let’s understand how the real estate industry works, what are “real estate investment trusts and who should choose real estate investment as a career. You rather want a carreer in basic industries? Check our other article here!
How does the Real Estate Investment Industry Work?
A Real Estate Investment Trust (REIT) is an enterprise that owns, operates, or finances profits-generating properties.
REITs are modeled after mutual finances. They pool the capital of numerous investors. This makes it feasible for individual investors to earn dividends from real estate investments—while not having to buy, manipulate, or finance any houses themselves.
REITs put money into most real estate property types, such as rental buildings, cellular towers, data centers, hotels, medical centers, workplaces, retail centers, and warehouses.
Best paying jobs in real estate investmensts trusts
1. Mortgage Loan Officer – $215,661 per year
As a Mortgage Loan Officer, you will help clients find the right loan type and mortgage terms for you. A loan officer is such a key player in the process of finding a mortgage because they are essential in ensuring that one gets the best mortgage for him or her.
A Mortgage Loan Officer works for a bank or independent lender to help borrowers in applying for a mortgage. Since many purchasers work with mortgage officers for mortgages, they are often called mortgage loan officers, although many loan officers assist borrowers with other loans as well.
A few Mortgage loan officials are paid through commissions. Mortgage loans tend to result in the biggest commissions because of the size and workload related to the loan, however, commissions are often a negotiable prepaid rate. With all a mortgage loan officer can do for you, they are usually well really worth the fee.
2. Real Estate Attorney – $123,951 per year
As a Real Estate Lawyer, you will do everything from name search of a property to dispute resolution. You’ll need to conduct due diligence on the property to understand if the title is clear for development or sale.
Then you must make title search reports or title search certificates in keeping with your client’s necessities. And also check for pending mortgages and litigation at the property, to discover an affordable and amicable answer for their clients.
Aspiring real estate lawyers need to complete a long course of study ending with the bar examination. All these responsibilities and skills make Real Estate Attorney one of the best paying jobs in real estate investment trusts.
3. Real Estate Developer – $110,000 per year
They add to the value of a project in terms of design, functionality, price, and place. Aside from this, they work hard in studying international trends, delivering quality realty products, and examining customers’ expectations.
The developers shape an essential element of the real estate sector as they satisfy the crucial need for infrastructure in areas like housing, office space, retail, entertainment, etc.
A real estate developer must hold a bachelor’s degree in an associated field, such as management, enterprise, or even engineering. Many real estate builders additionally have current real estate licenses inside the states wherein they work.
All these roles and responsibilities make real estate development an extremely valuable industry, making it one of the highest paying jobs in Real Estate Investments.
4. Property manager – $104,942 per year
A property manager is an individual or entity hired by the property owner to supervise and control the day-by-day workings of their real estate investment. The duties of a Property manager consist of setting and gathering rent, managing maintenance requests, filling vacant units, and potentially setting the finances for the assets.
Property managers frequently deal with a property that real estate investors either do not stay near or do no longer desire to personally control. A property manager can be one character or an entire management organization, depending on the requirements of the owner.
To become a Property Manager, you’ll need a real estate broker’s license or you must work for an individual who has one to operate property manager. In some states such as California, you must demonstrate specific training in the field and pass a written examination administered by the state’s Department of Real Estate to get a broker’s license.
5. Real Estate Agent – $96,235 per year
Real estate agents are licensed to help people purchase, sell, and rent houses and other properties. each day is spent on active, profits-generating work, in addition to the administrative paperwork that the job involves.
A regular day may involve spending time at the workplace, meeting with clients, staging and showing houses, and scheduling appraisals and inspections. Other duties include producing leads, researching, marketing, and accompanying customers to property closings.
6. New Home Sales Consultant $84,470 per year
As a Home Sales Consultant, you will need to maintain knowledge of products, sell homes, secure contracts and consistently drive new sales from various sources including client referrals, realtors, and other professional networks. New home sales consultants engage visitors, establishing a relationship to determine their home-buying needs.
To improve your chances of employment as a New Home Sales Consultant, you should try to obtain a bachelor’s degree in business, economics, or communications.
You can also start a career as a new home sales consultant by earning a real estate license, which you can prepare for by contacting your state department to learn about the requirements which vary from state to state.
7. Real Estate Associate $81,895 per year
As a Real Estate Associate, you will help clients rent, buy, and sell properties. Other responsibilities include advertising clients’ properties to other realtors and potential buyers, as well as negotiating contracts with buyers and agents by acting on their behalf.
A Real Estate associate is accountable for supplying the best possible service to each customer. They’ll work closely with clients to determine their needs and answer any questions they may have about the goods and services their organization offers.
The qualifications you need to start working as a real estate sales associate include a license and knowledge of the real estate industry.
8. Real Estate Manager $81,682 per year
Real estate managers oversee the commercial and residential property operations and are liable for maintaining the premises at the same time as growing their curb appeal and value. They will provide services for more than one building or location and train and supervise a team of workers contributors and groundskeepers.
While some employers can also accept a candidate with a bachelor’s degree in commercial enterprise, most employers pick a candidate with a master’s degree in real estate management. It is one of the best paying jobs in real estate investment trusts, so you must own excellent control, leadership, and technical abilities, earning an average salary of $81,682 annually.
9. Real Estate Broker $80,721 per year
A real estate broker is a certified real estate expert in addition to being an authorized real estate agent. A real estate broker holds knowledge that can assist people with real estate transactions, and like an agent, a broker can also help with selling or buying real estate.
The large difference between a broker and an agent is that it is a broker’s responsibility – whether or not working for a brokerage or totally for themselves – to make sure the real estate transactions are lawful, that all paperwork is correct and complete, which include funds in escrow accounts, are recorded and mentioned properly.
Because of these vital responsibilities, Real Estate Broker is one of the best paying jobs in real estate investment trusts.
10. Property Accountant $64,778 per year
A property accountant handles the financial component of private, business, and industrial real estate sales, rentals, and purchases. They also perform real estate-associated accounting, asset management, and bookkeeping responsibilities for an enterprise.
As real estate accountants most often work with real estate specialists and take part in real estate transactions, you may try to discover an entry-level accounting job with a real estate firm.
This can help you learn about the enterprise and discover key procedures in real estate as well as accounting. And if you keep climbing the ladder, you’ll find yourself in an extremely rewarding career in Real Estate Investments.