Climbing The Success Ladder With A Real Estate Degree
Real estate is an industry that is very integral and essential in our society. A graduate in a real estate degree can look forward to working in a dynamic field that provides fulfilling opportunities and lucrative professions.
Real estate or real property is a piece of land and encompasses anything permanently fixed to that land. The real estate industry covers mortgage banking, construction, title insurance, appraising, property management, brokerage and leasing, and real estate development.
If you are in the pool of people who have good people skills, sales skills and communications skills, you can kick start a career in real estate since employers are looking for graduates that have the combinations of strong deal-making and interpersonal skills.
This degree prepares graduates for a variety of property and asset management positions as well as skills to develop, buy, sell, appraise and manage real property.
The degree covers topics such as land use development policy, real estate law, real estate marketing procedures, agency management, brokerage, property inspection and appraisal, real estate investigating, leased and rental properties, commercial real estate and property management.
Not only does a real estate degree cover the above mentioned topics, it serves to equip its students with other values that are essential in the industry. Values such as Ethics & Integrity, Leadership, fundamentals, courts and torts, trend-spotting, market analysis and industry citizenship.
These values are important because real estate dealers need to meet the requirements of their clients with the accordance to the local laws and regulations. Students who wish to enroll in a real estate degree should have basic knowledge in economics, business applications, computer skills as well as mathematics and geography.
A graduate can look forward to fill in positions such as Real Estate Broker, Real Estate Appraisal, Property Management, Real Estate Advisory, Investment Banking, Construction and Development and Real Estate Entrepreneur. There are several designations or ranks in the real estate industry. These designations can be seen through the credentials or acronyms that come together with the dealer’s names. For example, ABR stands for Accredited Buyer Representative.
These agents work as a listing agent or a buyer's agent and are a member of the National Association of Realtors and The Real Estate Buyer's Agent Council. In order to receive this acronym, dealers have to sit for an online self-pace course and pass the exam. Consultation fees from this type of dealer are $300.
ACRE stands for Accredited Consultant in Real Estate. This designation is offered through a private company formed by Realtors, which is the Accredited Consultant in Real Estate. Agents download the course book, read it and take the exam online. Consultation fees from this dealer is about $500.
CRE - Counselor of Real Estate is one of the highest paid dealers with consultations fees of $2500 during initiation and $1500 annually thereafter. The other certified dealer with high consultation fees is with the designation GRI - Graduate Realtor Institute.
Dealers with this credential are recognized by the National Association of Realtors. Dealers who want a GRI designation must complete a minimum of 90 to 95 hours of coursework pertaining to the state that licenses them, and pass the exams. Consultation charges for GRI dealers are about $1900.