Real
Estate: Skills and Talents
Real estate employers are
looking for people with a combination of strong deal-making and
interpersonal skills. The skills involved include:
| Key Skill Area: |
Requirements |
| People Skills: |
High |
| Sales Skills: |
Very High |
| Communication Skills: |
High |
| Analytical Skills: |
medium |
| Ability to Synthesize: |
Low |
| Creative Ability: |
Medium |
| Initiative: |
High |
| Work Hours: |
20 - 70 / week |
Excellent Job
Opportunities
The field of real estate involves the sale, management and analysis of
land and properties. this is one of the largest parts of the economy
and offers excellent job opportunities.
Tough to Break In
It's relatively hard to break into investment banking. You need to
be prepared to pursue firms on your own after you have thoroughly prepared
yourself.
The Field is Highly Entrepreneurial
Real estate jobs tend to be more entrepreneurial and create opportunities
to become wealthy if you have the right mix of analytical skills and
entrepreneurial drive.
There are Many Ways to Play the Field
One of the exciting things about real estate is that it can be approached
from so many different ways. You can be a white-collar worker
projecting and analyzing cash flows from new developments with spreadsheet;
an agent in the field with heavy contact with customers on a day to day
basis; or an entrepreneurial property owner/manager looking for undervalued
real estate buys and strategies for creating value.
Multiple entry Points Available
There are a variety of ways to break into real estate. If you are
interested in the sales side you need to get licensed and should go to work
for a commercial or residential broker. If you would like to get
involved in property acquisition and analysis you should get a higher degree
with a specialization in real estate and go to work for a major property
management company. There are also many other ways to enter including
through corporate site selection departments, governmental entities and
banks.
