The real estate sector employs millions of people in the world, including plenty of those in the United States. There are so many different roles within this industry that it can be hard to know where to start your career journey and what professions offer the highest salaries, on average.
Luckily, we’ve taken the time to compile this list of the top 10 highest paying real estate careers and accompanying information about them, so you can make an informed decision about your future career path.
1. Real Estate Lawyer
A Real Estate Lawyer earns around $144,000 a year which makes it the highest paying real estate career currently. There are two types of lawyers that you’ll meet when working with real estate: property attorneys and civil attorneys. Property attorneys, who generally have more experience in real estate law, handle all of a property owner’s transactions, from buying and selling to leasing space.
A civil attorney handles any disputes between parties with regard to land or properties. As a real estate lawyer, your job is to ensure that contracts remain valid and legal while negotiating and settling disputes between parties.
A Real Estate Lawyer earns around $144,000 a year. You’ll need a law degree and extensive knowledge of real estate laws to work as a lawyer in real estate. Most lawyers start out as assistants before they’re able to open their own practice. This can take anywhere from 2-to 10 years depending on where you live and your experience level.
2. Real Estate Investment Consultant
With a median salary of $87,140 per year, real estate investment consultants advise real estate developers and investors making it the second highesting paying real estate career to look out for.
A growing number of states allow people to earn a professional license through certification tests, but most jobs require a bachelor’s degree in business administration or real estate development.
Demand for housing and commercial properties is expected to grow by over 20 percent by 2024. Job prospects should be excellent due to ongoing demand coupled with new licensing requirements in many states.
3. Real Estate Broker
The term real estate broker encompasses a broad swath of job titles and roles. It is one of the most sorts after real estate careers out there. In general, real estate brokers help people buy, sell or rent property; they are middlemen who negotiate between buyers and sellers on commission.
Real estate brokers must have a license that varies from state to state, but requirements typically include having a degree in real estate or finance, completing an internship with a licensed broker, and passing an exam. A Real Estate Broker earns an average of $80,000 per year.
4. Real Estate Attorney
Real estate attorneys are well paid across the world. It’s a career many legal practitioners want to dive into. Depending on what state you live in, real estate attorneys can charge anywhere from $75-$150 per hour. For those looking to start their own business and manage it themselves, avoiding a hefty attorney fee can also save you a lot of money on your starting costs.
5. Property Accountant
The amount of money earned by a property accountant depends on their level of experience and if they are employed directly in an office or if they are working as a self-employed contractor.
The hourly rate of pay for an experienced property accountant is around £18 – £25 per hour. A senior account manager in a small practice can earn up to £32,000, with larger firms paying in excess of £40,000 making it one of the highest-paid real estate careers to consider taking.
6. Commercial Real Estate Agent
This career is perfect for those who have an interest in business and real estate sales. Commercial real estate agents can earn a six-figure salary, but it requires experience and a thorough knowledge of commercial buildings and sales and marketing skills.
In addition to selling and leasing buildings, these agents help businesses plan strategies for growth and work with their clients on construction projects. A Commercial Real Estate Agent earns an average annual salary of $79,000 (or $37 per hour).
7. Realtor
If you’re looking for a career with a high salary and a reasonable time commitment, real estate is an obvious choice. Realtors, who are also called real estate agents or brokers, have a job that is described as nothing if not challenging and exciting.
The median annual wage of $53,000 doesn’t sound like much compared to what some other top-paying careers make but when you factor in commission (usually 6 percent of your sales), it all adds up quickly.
8. Property Manager
Real estate property managers are responsible for rent collection. They also ensure that their clients’ properties (apartments, retail stores, etc.) are well-maintained. A Property Manager earns an average annual salary of $42,000 per year.
In fact, their primary role is often a combination of business development and hands-on maintenance work. Property managers should have good math skills and communication skills as they will be tasked with collecting rent from tenants in person as well as negotiating on behalf of clients to attract new tenants.
9. Home Inspector
A home inspector is one of the highest-paying jobs in the real estate sector. Home inspectors earn an average of $40,000 annually. As a home inspector, you will be on call during all hours of day and night to inspect properties that have been put up for sale. Due to your work schedule, it is important that you are reliable and dependable.
10. Mortgage Loan Officer
A mortgage loan officer, also known as a broker or originator, is a licensed professional who helps borrowers obtain home loans.
Loan officers source these mortgages from other lenders and execute deals in return for a one-time commission on top of an ongoing basis by providing referrals and pre-qualifying customers for mortgages.
Mortgage loan officers can earn commissions of several thousand dollars per deal, making them some of the highest-paid professionals in real estate.
FAQ
How Much Is a Real Estate Management Salary?
In Nigeria, estate managers with less than two years of experience on average earn 125,000 NGN monthly, while those with more experience, who have about two years, on average earn 250,000 NGN monthly.
However, globally, the average amount a real estate manager earn is estimated at around $40,000 per annum and can be more than that depending on the location and state.
How Much is a Real Estate Agent’s Salary Per Month?
An average U.S. real estate agent’s salary is $94,031 per year, but they earn on average $6,658 a month. A real estate agent is paid a commission, paid directly to a broker, after successfully completing a home sale.
How Much Is Real Estate Broker Salary?
A typical Real Estate Agent in Nigeria will earn around 294,000 NGN each month. Salaries start at 144,000 NGN per month and range up to 459,000 NGN. However, in the US, Real esta
How much is Estate Management Salary in Nigeria?
In Nigeria, inexperienced estate managers earn an average of 125,000 NGN a month while experienced estate managers who have two years of experience on the job earn 250,000.
Where Do Real Estate Agents Make the Most Money?
- New York: $111,800 (average real estate agent salary)
- Massachusetts: $84,180.
- Connecticut: $79,780.
- Alaska: $79,360.
- Colorado: $76,850.
- Utah: $75,170.
- California: $74,140.
- Texas: $72,830.
Conclusion
Some real estate careers pay much better than others. Not all real estate professionals have equal earning potential, but with little time and education, any career can be successful. Thanks for reading our list of top 10 highest paying real estate careers, We hope you learned something new about these lucrative real estate careers.
