7 Career Opportunities in Residential and Commercial Real Estate

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7 Career Opportunities in Residential and Commercial Real Estate

Real estate is one of India’s largest employers. The sector employs millions of people directly and indirectly. It offers many exciting career opportunities, with challenging job roles that put the abilities of its professionals to the test. Based on your skills, capabilities, and qualifications, you too may qualify for various career opportunities in residential and commercial real estate. Let’s look at some.

7 Prospering Career Opportunities in Commercial and Residential Real Estate

Commercial and residential real estate are two different ball games. Both have their set of unique specialists, well-versed with the respective technical and commercial aspects of the profession. But the following career opportunities would commonly be found in commercial and residential real estate.

  1. Real Estate Consultant

Of course, the most obvious is working as a realtor or a real estate broker. A real estate consultant’s job is to help people buy and sell properties. It could include commercial and residential, depending on the individual’s expertise, inventory access, and knowledge about the sector.

But a real estate consultant’s role isn’t confined to helping people buy suitable properties. It includes being by their side while negotiating with land owners and assisting customers in completing all the administrative and legal formalities and paperwork. Arranging site visits and walking prospects through the property is also the real estate consultant’s responsibility.

You may work as an individual/independent real estate consultant or at the office of another real estate consultant. Choosing the former depends on your skills, confidence to work independently, competition and market size.

  1. Business Development Executive/Manager

Many aspiring real estate professionals start their careers as business development executives and later climb the ladder to become business development managers. Both work towards developing sales, researching the market, identifying collaboration opportunities, etc., to help grow business.

It is a challenging position that requires excellent communication skills, extensive market intelligence, negotiation skills, the ability to convince people, etc. Working under pressure, deadlines, and fierce competition is part and parcel of routine!

  1. Designated Channel Partner

Designated channel partner, channel partner, or simply CP is another lucrative career opportunity. CPs are agencies or individuals who ensure the sale of a particular commercial or residential property in a specific timeframe. They devise their unique sales and marketing strategies to create sales. Thus, companies appoint channel partners to sell their inventory quickly and efficiently.

Again, working as a channel partner also requires excellent selling skills, extensive product knowledge, confidence to convince and sell, etc. Real estate developers are ready to pay higher commissions to channel partners who help them sell their properties. The more you sell, the higher you earn.

  1. Corporate Real Estate Manager

Who is a corporate real estate manager? Companies often appoint an in-house individual to manage their real estate. Larger companies need to lease office spaces across various cities. On the other hand, many companies have real estate holdings that require an in-house full-time professional to manage.

  1. Leasing Consultant

Leasing agents are primarily responsible for identifying the best tenants for their properties. They manage lease signings and act as landlords on the property owner’s behalf. While having outstanding communication skills, leasing consultants are required to have extensive knowledge of the real estate market, documentation, compliance, etc., concerning property leasing.

  1. Property Manager

Property managers are responsible for protecting their client’s assets by recruiting trustworthy people to look after them, offer timely feedback to investors and owners, and respond to emergencies promptly and appropriately. They may collaborate with real estate organizations or private investors.

But working as a property manager requires you to have enough experience by your side. It is a senior position that demands a certain level of maturity. So, you may consider working as a property manager later in your career.

  1. Project Manager

Civil engineers can become project managers, who handle various tasks and responsibilities. They oversee end-to-end development of construction projects. Real estate project managers work with various stakeholders, including architects, developers, contractors and property owners to complete the project as planned.

A project manager’s position is a highly critical one, as the progress of a project entirely depends on the project manager. In many cases, project managers are required to handle multiple projects at a time. Hence, working under pressure and adhering to strict timelines, while ensuring superior product quality and compliance are part of a project manager’s routines.

Kickstart Your Real Estate Career with IREF

While the choice of career matters, selecting the right institute is equally crucial. IREF can help you prosper as a real estate professional. India’s first institute dedicated to real estate education, IREF provides competent course curriculums and focuses on developing value-driven real estate professionals and entrepreneurs. The institute stays in line with the industry’s evolving needs and ensures competence across every aspect. Click here to connect with IREF.

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