As you probably know, real estate is an incredibly solid investment class. It’s been around for thousands of years and has a track record of consistently outperforming stocks, bonds, and other traditional investment vehicles over long periods. In fact, the S&P 500 hasn’t outperformed real estate since the 1960s! As such, it makes sense that many investors are looking for ways to maximize their returns on real estate investments.
One option is through a Real Estate Investment Trust (REIT), which allows investors to purchase shares in a pool of properties—and then collect regular dividends from those properties’ income streams. Since REITs are growing faster than ever, there will be more opportunities to work and massive earning potential.
As a result, today, so many people are getting interested in working in REITs, so if you are looking for opportunities to work in REITs, then you have come to the right place. In this article, we’ll discuss what REITs are and some of the best paying jobs in real investment trusts. Let’s get started-
What Are Real Investment Trusts?
Investment companies that own, operate, or finance income-generating properties are real estate investment trusts (REITs).
Real estate investment trusts (REITs) are structured like mutual funds, allowing individual investors to earn dividends from real estate investments without needing to buy, manage, or finance the properties themselves.
9 Best Paying Jobs In Real Investment Trusts
1. Real Estate Agent.
A real estate agent is a licensed professional who arranges real estate transactions, bringing buyers and sellers together and acting as their representatives in negotiations. Since real estate agents typically receive a commission, their income is based on the close of a deal. Real estate agents are almost always required to work for or be affiliated with a real estate broker (either an individual or a brokerage firm) who is more experienced and licensed.
The median national salary of real estate agents is around $48,930.
To be a real estate agent, you need a high school diploma or equivalent and a license. Take classes at an accredited college or university to learn the basics of housing finance and law; many states require this education before granting you your license to pass the required exam.
2. Real Estate Attorney.
Lawyers who specialize in real estate law, also known as real estate attorneys, have the knowledge and experience to advise parties involved in a real estates transaction, such as a home sale or short sale.
The average Real Estate Attorney salary in the United States is $157,078 as of 2022, but the range typically falls between $136,983 and $174,031.
In order to become a Real Estate Lawyer, one must complete a Bachelor’s degree, pass the Law School Admission Test, and complete a 3-year graduate program at a law school accredited by the American Bar Association.
3. Mortgage Loan Officer.
Mortgage loan officers are real estate professionals who help clients obtain mortgage loans. Mortgage loan officers are responsible for making sure that the mortgage loan process goes smoothly. They must be able to determine if a client is eligible for a home loan and also ensure that they receive adequate information on how much money they should spend on their home.
As of 2022, the average Mortgage Loan Officer salary in the United States is $46,304, but the range typically falls between $37,854 and $56,329.
In order to become a mortgage broker, a person must be at least 18 years old. A bachelor’s degree and some sales and finance experience are helpful but not essential.
4. Real Estate Broker.
Real estate brokers are licensed real estate professionals in addition to real estate agents. People can use a real estate broker’s expertise to make real estate transactions easier, and, like an agent, a broker can help them with buying and selling real estate. As opposed to an agent, a broker is responsible for ensuring all real estate transactions are legal, that all paperwork is correct and complete, as well as that all monies, such as funds in escrow accounts, are recorded and reported appropriately, regardless of whether he or she works for a brokerage or works for themselves.
The median real estate broker salary in the United States (as of 2022) is $120,229 yearly: $89,681 in base pay and $30,547 in additional pay.
Although real estate brokers can choose to earn undergraduate degrees related to real estate and finance, the United States Bureau of Labor Statistics (BLS) states that a high school diploma is the minimum educational requirement for this career field. However, most states require applicants to have completed postsecondary coursework in finance and real estate.
5. Compliance Specialist.
A compliance specialist is a financial professional who’s responsible for overseeing compliance programs and ensuring that employees follow them. They often work in investment banks and large companies, but they can also be found at smaller firms that handle individual funds or investments. In short, their job is to ensure that employees follow the rules set out by regulators and other governing bodies.
The average Compliance Specialist salary in the United States is $59,897 as of 2022, but the range typically falls between $53,488 and $68,025.
The minimum education required for compliance officers is a bachelor’s degree. There are no specific compliance officer degrees. Most compliance officers have Bachelor’s degrees in criminal justice, finance, and business.
6. Property Accountant
Property accountants are responsible for handling property accounting tasks for their company. In addition, they prepare regular reports (usually monthly) that are based on organizational objectives. They also conduct sound financial analysis, and balance sheet account reconciliation.
The average Property Accountant salary in the United States is $59,719 as of 2022, but the salary range typically falls between $54,095 and $66,075.
In order to become a property accountant, you must have a bachelor’s degree in accounting, finance, or business management. Many companies require a bachelor’s degree as a minimum requirement. In addition to four years of relevant accounting or financial experience in the real estate field, some companies will accept experience in property management.
7. New Home Sales Consultant.
As a New Home Sales Consultant, you’ll be responsible for marketing and selling newly constructed homes. You’ll work with potential buyers to find the perfect house on their budget and then negotiate with the builder to ensure they’re getting the best deal possible.
New Home Sales Consultants typically work on commission, so if you’re looking for an exciting job where you can make money quickly (and maybe even get rich), this could be it!
It is estimated that the average salary for a NEW HOME Sales Consultant in the United States is $62,387 a year. Using a salary calculator, this works out to approximately $29.99 an hour or $1,199 per week, or $5,198 per month.
The minimum requirement for becoming a new home sales consultant is a high school diploma or GED. Obtaining a bachelor’s degree in business, economics, or communications may increase your employment prospects. As a new home sales consultant, you can also obtain a real estate license, which you can learn more about by contacting your state’s department.
8. Real Estate Property Appraiser
A property appraiser is a professional who determines the value of real estate properties. The appraisal process includes gathering information on recent sales and interviews with local real estate agents and other sources to determine an appropriate price range for the property in question. In many cases, appraisers also perform additional research to verify that their estimates are accurate and unbiased.
The average real estate appraiser in the United States earns $44,415 per year or $21.35 per hour. At the bottom end, the bottom 10% of the spectrum earn roughly $29,000 annually, while those at the top earn $67,000.
In order to become a licensed real estate appraiser, you must pass the National Uniform Licensing and Certification Examination. Before taking the exam, you must meet the ABQ’s qualifying education requirements.
A Realtor is a licensed real estate agent who is a member of the National Association of Realtors®, the largest trade group in the nation. Not all real estate agents are Realtors, but most are.
The Realtor Code of Ethics also holds realtors to a higher ethical standard than real estate agents.
This means that homebuyers can be confident that they will receive fair and exceptional service from beginning to end when they hire a licensed real estate professional who is also a Realtor.
The national average salary of realtors is $48,930, but every agent has a different salary. They can earn anywhere from $25,000 to over $1,000,000 a year!
A college education is not required to become a realtor, but it can help you remain competitive. An associate’s or bachelor’s degree in business or finance is sufficient.
Benefits Of Real Estate Investment Trust
Real estate investment trusts (REITs) are a great way to diversify your portfolio. You can invest in real estate without actually owning any property, and you can do so without putting up all the money yourself.
In addition, REITs let you invest in real estate without having to manage it. This is especially appealing if you don’t have much experience managing properties or are not interested in taking on that responsibility.
At the end of the day, the real estate industry is a solid way to make money. It is growing faster than ever, and there are more opportunities and earning potential than ever before. Therefore, it is a good industry to begin your career in. We wish you the best of luck in finding your dream job.