Real Estate Jobs - Real Estate Training Institute - Real Estate Training Institute

There are many real estate careers to choose from.

Examples of real estate jobs:

Closing Attorney
Escrow Coordinator
Office Receptionist
Unlicensed Personal Assistant
Licensed Personal Assistant
Mortgage Broker
Mortgage Banker
Mortgage Underwitrer
Property Manager
All construction trades
Planning and Zoning Department Employees
Inspectors
Inside Property Stagers
Landlord
Maintenance Person
Landscaper and maintenance
Model Home Greeter
Subleasing
Property flipper
Wholesaler
Painter
Decorator
Advertiser
and of course real estate agents and brokers

Generally, real estate brokers/ agents fall into four categories of representation:

Seller’s Agents, commonly called “listing brokers” or “listing agents,” are contracted by owners to assist with marketing property for sale and/or lease.
Buyer’s Agents are brokers or salespersons who assist buyers by helping them purchase property.
Dual Agents help both the buyer and the seller in the same transaction. To protect their license to practice, a real estate broker owes both parties fair and honest dealing and must request that both parties (seller and buyer) sign a dual agency agreement. Special laws/rules often apply to dual agents, especially in negotiating price. In dual agency situations, a conflict of interest is more likely to occur, typically resulting in the loss of advocacy for both parties .Individual state laws vary and interpret dual agency rather differently, with some no longer allowing it. In some states, Dual Agency can be practiced in situations where the same brokerage (but not agent) represent both the buyer and the seller. If one agent from the brokerage has a home listed and another agent from that brokerage has a buyer-brokerage agreement with a buyer who wishes to buy the listed property, dual agency occurs by allowing each agent to be designated as an “intra-company” agent. Only the broker himself is the Dual Agent.
Transaction Brokers provide the buyer and seller with a limited form of representation but without any fiduciary obligations. Having no more than a facilitator relationship, transaction brokers assist buyers, sellers, or both during the transaction without representing the interests of either party who may then be regarded as customers. The assistance provided are the legal documents for an agreement between the buyer and seller on how a particular transfer of property will happen.

A real estate broker typically receives a real estate commission for successfully completing a sale. Across the U.S. this commission can generally range between 5-6% of the property’s sale price for a full service broker but this percentage varies by state and even region. This commission can be divided up with other participating real estate brokers or agents. Flat-fee brokers and Fee-for-Service brokers can charge significantly less depending on the type of services offered.

Types of services that a broker can provide

Some examples:

Comparative Market Analysis (CMA) — an estimate of the home’s value compared with others. This differs from an appraisal in that property currently for sale may be taken into consideration. (competition for the subject property)
Total Market Overview — an objective method for determining a home’s value, where a CMA is subjective.
Broker’s Price Opinion — estimate of a property’s value or potential selling price
Real estate appraisal — in most states, only if the broker is also licensed as an appraiser.
Exposure — Marketing the real property to prospective buyers.
Facilitating a Purchase — guiding a buyer through the process.
Facilitating a Sale — guiding a seller through the selling process.
FSBO document preparation — preparing necessary paperwork for “For Sale By Owner” sellers.
Home Selling Kits — guides advising how to market and sell a property.
Hourly Consulting for a fee, based on the client’s needs.
Leasing for a fee or percentage of the gross lease value.
Property Management
Exchanging property.
Auctioning property.
Preparing contracts and leases. (not in all states)