Would Real Estate be a good career to go into?
What would I want to major in if I wanted to go into Real Estate?
Also what are the different roles or areas in real estate to work in, and a brief explination of them, and which ones are more benifiting?
How does recieving money work for the different areas in real estate?
There are a number of different fields that could be classified as Real Estate. Real Estate is simply the land and the permanent structures built on the land. Broadly speaking, you could be in the business of Building and Repairing the Structures, Buying Selling the Real Estate, or managing contracts with people that are renting or leasing the Real Estate or part of it. Phew that's a lot! I'm going to do my best to give you an overview and an idea about the majors you might like to choose. I'll also give links to several other articles I've written where you can get more information. Finally, if I still haven't nailed your question, then please use the comments field below to tell me more. And I'll take another shot. Deal?
Building and Repairing is typically the job of a construction company. Jobs in a Contruction company might be Engineer, Electrician, Plumber, Architect, Carpenter, Bookkeeper, project manager soon and so forth. I think you get the idea. Engineering, General Business, Marketing, Architecture are all majors you might choose depending on the job you wanted.
Here are a couple articles on construction that go deeper.
Buying and Selling the Real Estate is generally the job of a Real Estate Agent. This may be the easiest job to get into while going to college. Essentially you get your license and find a job as a real estate agent's assistant somewhere (work for free if you have to.) You'll learn the business as the assistant. Good majors for an agent are business with a particular focus on marketing, video editing, social media and entrepreneurial programs.
Here are a number of articles I've written about the subject of being an agent:
The last major grouping of Real Estate jobs falls into contract management or what's called in the industry "Property Management". A property manager prepares a house or a building or land for rent/lease by someone else. Then the property manager advertises the property, reviews the various applications, selects one to create a contract with. The property manager collects rent, repairs anything in the property that is covered under the contract. The property manager will evict any tenants that don't pay their rent and start the process over again! The majors for a property manager would typically business with a focus on marketing, law and perhaps some engineering.
Unfortunately, I haven't written anything on property management yet. Feel free to ask another question if this interests you.
In summary "Real Estate" is a big topic. Depending on what you want to do, there is a ton to dig into. Just about all parts of the industry would benefit from some kind of a business degree. My advice is to explore. Invest the time to find out about different parts of the industry and what fits you best. You want to make sure you work in a job that wakes you up in the morning excited to get started rather than hitting the snooze button 17 times in a row! :-)
Wishing lots of working hard and a little working smart,
John recommends the following next steps: