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What is real estate and what types of activities would a real estate person be doing?
I'm a senior in highschool whom has already chosen a major besides real estate but I'm curious to know what someone who majors in real estate does.
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Robert’s Answer
I majored in real estate for undergrad and have worked in real estate for most of the last 30 years. There are a number of things you can do with real estate. Many companies have a real estate department. These group's do everything from simple day-to-day management to large acquisitions.
1. Real estate often overlaps with operations folks. If you like construction, you can gravitate to this end of things.
2. There are a number of specialist type positions where a real estate professional will do more customer service and accounting activities.
3. There are greater roles like VP's and managers who deal with items that pertain to items to real estate law, public outreach, and large transactions.
Having a real estate major has been unique for me. I have done everything from construction to site acquisition to regional real estate manager. Each has been fun and educating. I have learned a lot and have known relatively quickly what opportunities are available for growth. If you can, I would suggest double majoring in real estate (if it is available) as it is a good major to compliment something like finance.
1. Real estate often overlaps with operations folks. If you like construction, you can gravitate to this end of things.
2. There are a number of specialist type positions where a real estate professional will do more customer service and accounting activities.
3. There are greater roles like VP's and managers who deal with items that pertain to items to real estate law, public outreach, and large transactions.
Having a real estate major has been unique for me. I have done everything from construction to site acquisition to regional real estate manager. Each has been fun and educating. I have learned a lot and have known relatively quickly what opportunities are available for growth. If you can, I would suggest double majoring in real estate (if it is available) as it is a good major to compliment something like finance.
Updated
Coni J.’s Answer
Hello Philip,
There are so many different avenues you can go in real estate. A person doesn't necessarily 'major' in real estate. They would take courses if they want to learn about financing real estate, or selling real estate. There are also courses about investing in real estate. If you were to purchase your first home, you would need to take a class on understanding the steps it takes to buy a home.
When you asked about a real estate person and what they do, below is very basic information about different people in real estate:
A real estate person (agent) will help people buy and sell homes.
A mortgage loan officer will help people finance or provide money to buy the homes.
An Investor will buy a home, apartment building or office building to put a great deal of money in their pocket.
There are other people in real estate to assist with each process, but this will give you an idea.
There are so many different avenues you can go in real estate. A person doesn't necessarily 'major' in real estate. They would take courses if they want to learn about financing real estate, or selling real estate. There are also courses about investing in real estate. If you were to purchase your first home, you would need to take a class on understanding the steps it takes to buy a home.
When you asked about a real estate person and what they do, below is very basic information about different people in real estate:
A real estate person (agent) will help people buy and sell homes.
A mortgage loan officer will help people finance or provide money to buy the homes.
An Investor will buy a home, apartment building or office building to put a great deal of money in their pocket.
There are other people in real estate to assist with each process, but this will give you an idea.
Updated
Christine’s Answer
Real estate isn’t usually a college major. It’s more of a trade (though there are many majors that would support real estate!).
I recommend looking up the profession on Onet. You’ll learn what type of credentials/education you need and the difference between a realtor and a real estate agent. Then you can better decide if it’s a good fit for you.
Onet career lookup
Education requirements
Credentials needed
R.E agent vs realtor
Reassess fit for you
I recommend looking up the profession on Onet. You’ll learn what type of credentials/education you need and the difference between a realtor and a real estate agent. Then you can better decide if it’s a good fit for you.
Christine recommends the following next steps:
Updated
Elizabeth’s Answer
Hey Philip, I am not a real estate agent myself, but wanted to share this Youtuber I follow who posts tons of great content on real estate. I'm linking one below where she gives a general overview of how she studied, got her license, and sold her first home.
https://www.youtube.com/watch?v=TGDnmLV759c
https://www.youtube.com/watch?v=TGDnmLV759c