Take this quiz to see how your strengths and interests line up. Whether you want to have a full-time Illinois real estate career, practice part-time, or simply to be able to conduct certain transactions, a real estate career offers many rewards.
Picture yourself in a career you love
A career in real estate can provide variety, independence, and unlimited earning potential! If you fantasize about going to a job you love, consider that many real estate agents report high job satisfaction.
Most real estate careers require a broker license to start. Here are some of the career paths available:
Brokers help individuals 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. Start your broker pre-license training now with the 90-hour Broker Pre-License Online Package.
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. Interested in becoming a leasing agent? Get the Leasing Agent Pre-License Home Study
Managing brokers work independently and may supervise other agents. Some managing brokers own or manage their own brokerage. Before taking the state exam to become a managing broker, you must first have held an active broker license for two of the previous three years and successfully complete 45 hours of required managing broker pre-license coursework: 30-hour Managing Broker Pre-License Home Study and 5-hour Managing Broker Pre-License Applied Management & Supervision webinar. (Note: 15-hour Managing Broker Pre-License webinar and classroom dates are extremely limited. If not listed in the store or on the classroom calendar, no classes are currently scheduled.)
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.
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 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 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 requirements to get an Illinois real estate license . You can search for courses in the Illinois REALTORS® Store and Education Calendar.
Do you already have your license and want to enhance your career?
Take your career to the next level with a designation or certification.