Career in Real Estate

//Career in Real Estate
Career in Real Estate 2018-02-16T14:40:12+00:00

Picture yourself in a career you love

A career in real estate offers variety, flexibility, and unlimited earning potential!  You have the opportunity to build your own career: one where you make the decisions and set the schedule.

Most real estate agents are self-motivated, have a strong work ethic and enjoy working with people. They devote time to building their network, and have the motivation and flexibility to attend to their client’s needs.

If you are willing to invest in your education and work hard, you can develop a career in real estate. Check out some of the paths available.

Brokers help people buy, sell or rent residential real property within a reasonable time period and at a fair price. Brokers act as an intermediary between sellers and buyers during negotiations and help draw up the necessary legal paperwork to complete transactions.

Get the 90-hour broker pre-license online package   | Learn more about broker licensing

Leasing agent

Leasing agents help property owners find good tenants for their properties. They work with property owners to market and show properties, and they also work with renters to find and lease properties.

Get the 15-hour leasing agent pre-license home study course

Managing broker
Managing brokers work alone without supervision and may supervise other agents. Some managing brokers own or manage their own brokerage. To become a managing broker, you must first have held an active broker license for two of the previous three years and successfully complete the required coursework and pass the state licensing exam.  If you meet these requirements, you may enroll in Managing Broker Pre-License courses.

Get the 30-hour managing broker pre-license home study course  (must hold an active broker license and meet other minimum requirements)

Get the 15-hour Managing Broker Pre-License  webinar (must hold an active broker license and meet other minimum requirements)

Residential brokerage
When working with sellers, residential brokers help them get the best possible price for their home. When working with buyers, they help identify properties that appeal to the buyer and negotiate the best price.

Commercial brokerage
Individuals who work in commercial real estate specialize in income-producing properties such as apartments and office buildings, retail stores, shopping centers and industrial parks. Commercial brokers can assist buyers in determining if a property is a good investment or in the leasing and managing of commercial properties. Learn more about the commercial real estate specialty.

Appraisers provide expert opinions as to the value of properties. Real estate is appraised to determine many types of values, be it assessed value for tax purposes, insured value, book value for accounting purposes, present value for potential investors or rental value for income projections. They evaluate all factors that affect the potential use of the property at present and in the future. A separate license is needed here.

Farm and land brokerage
Land brokers not only deal with land for farming and recreation, they also deal with land for residential, commercial, and industrial expansion. Land brokers analyze the income potential for properties and determine a farm’s capacity to produce based on their knowledge of agriculture and the market.

Land developer
Land developers attempt to put land to its most profitable use through the construction of improvements. They organize and supervise the project from the acquisition of land all the way through construction and final sale, including site selection, planning and layout, and financing.

Urban planner
Urban planners work with local governments and other civic groups to develop productive and convenient ways to use land and water resources for urban renewal projects. They influence many aspects of community life as they try to accommodate the city’s future growth.

International real estate
Global transactions are becoming increasingly common to all kinds of business. Each of these real estate specialties can be pursued in a global arena. Real estate professionals can be a resource to consumers through assisting foreign investors or helping local buyers invest abroad. Certified International Property Specialist (CIPS) is a designation for those interested in global real estate transactions.

Professional real estate assistant
Some real estate brokers choose to hire a personal assistant to help them become more organized and efficient. Real estate assistants provide support including client follow-ups, preparing for listing presentations, coordinating schedules, marketing, performing clerical duties and more. Assistants can be licensed or unlicensed, but are limited in the services they can provide if not licensed.

Are you ready to get licensed?

Start by reviewing the pre-license requirements. You’ll find courses in the Illinois REALTORS® store and on our classroom calendar.

Already have your license?

Take your career to the next level with a designation or certification.