The world of real estate is brimming with opportunities for a career-oriented person to make a comfortable and rewarding living.
But what are the highest paying real estate careers in 2021? Keep reading to find out!
While some people believe that all real estate jobs are the same, careers in this industry offer wildly different balances of responsibilities and income.
You’re in luck if you want to know more about the wide range of real estate career paths, roles, and annual income.
Our guide will list the highest-paying jobs in real estate and provide you with some valuable information about each career path.
Why Work in the Real Estate Industry?
It’s rewarding to help others find homes, manage properties, etc., and the schedule flexibility is much easier to maintain than other career paths.
The flexibility doesn’t stop at scheduling, though, as each role in real estate can offer professionals distinct career paths that are best suited to their lifestyle and career goals.
Also, managing or selling real estate investments can pay out much more than most industries, so this is a big draw for someone looking to secure a higher income level.
However, there can be some drawbacks depending on what real estate job you choose to take on.
The highest paying jobs in the real estate industry are often coupled with mountains of responsibility, so real estate agents tend to work exceptionally long hours.
That being said, if the upsides to working in real estate sound like a good match, keep reading to find out more about lucrative career paths within real estate.
Highest Paying Real Estate Careers
Below we list some of the highest-paying real estate careers, what they entail, and what they typically pay.
Luxury Broker
The highest-paid real-estate agent is a luxury broker, who earns an average salary of $142K per year with commissions reaching up to $10M annually!
They help clients find properties for sale or rent in exclusive neighborhoods like Beverly Hills or New York City.
Luxury brokers often specialize in multimillion-dollar deals and work closely with developers, architects, and designers.
Luxury brokers also work with high-net-worth individuals who may need assistance finding a property, overseeing construction and decoration.
If you have a talent for problem-solving and are interested in real estate, this could be the best career for you!
High-End Property Manager
A high-end property manager earns an average salary of $121K per year.
Their main role is to oversee rental properties owned by investment companies or individuals who want to rent out their homes when they travel.
A high-end property manager’s job includes working with tenants and real estate companies, ensuring properties are kept in excellent condition, and resolving any complaints or problems that may arise.
If you have a lot of experience renting out your own home on websites like Airbnb or if you’ve managed rental properties before, this might be the perfect career for you!
Real Estate Broker Assistant
A real estate broker assistant earns an average salary of $92K per year.
Their main role is to handle all the administrative tasks for a realtor, including answering phone calls and emails from clients, organizing paperwork, and keeping records up to date.
This career may be perfect for someone who wants to work in the field but doesn’t want to be in the spotlight.
If you have an eye for detail and are interested in real estate, this could be a great fit!
Real-Estate Appraiser
A real-estate appraiser earns an average salary of $85K per year.
Their main responsibility is to estimate how much property should sell for at auctions or when being sold privately.
Roles of this real estate position often include analyzing properties, getting information from owners, and obtaining records of previous sales in the area.
This career may be perfect for someone who likes working with numbers or has an interest in real estate!
Sales Manager
The highest-paid sales manager in the real estate industry makes an average of $138K per year.
Job responsibilities include selling properties, maintaining relationships with clients, and generating revenue for their organization.
Sales managers develop marketing plans that help them achieve goals as well as supervise employees who are responsible for making deals from start to finish.
Property Manager
The highest-paid property managers make an average of $102K per year and oversee the operations at large residential, commercial, or industrial properties like apartment buildings or shopping malls.
They hire staff members to meet specific needs and maximize building revenue through effective management practices that include tenant relations and repairs/maintenance procedures.
While this job can pay $102K out the gate, there’s potential to earn over $200K!
This career may be perfect for someone who likes working with numbers or has an interest in real estate!
Real Estate Investment Specialist
A real estate investment specialist earns an average of $91K per year, with the highest potential earnings at around $185K!
They typically work alongside brokers to find properties for purchase or sell large portfolios to investors.
These real estate specialists are also responsible for listing assets on websites like Zillow and Trulia.
Commercial Leasing Manager
A commercial leasing manager earns an average of $89K per year and is responsible for finding new tenants, negotiating lease terms, and helping to maintain the highest occupancy rate possible.
Their job will also include overseeing maintenance staff members who are tasked with keeping properties in good condition between leases.
If you have strong negotiation skills or if you’re interested in real estate investing, this may be the perfect career for you!
Real Estate Sales Agent
A real estate sales agent earns an average of $73K per year.
Their main responsibility is to list and sell properties, as well as procure new listings from clients.
They typically work under a broker and receive commissions based on the number of deals they make — commission rates vary but agents can potentially make six figures annually.
If you want to make even more money, you can become a commercial real estate agent who deals mostly with commercial properties.
This could be the perfect fit for someone interested in being their own boss or who wants more flexibility about when they can work.
More on the Real Estate Agent Career
They also help tenants find the space they need and may be involved in negotiations between brokers for both sides of a deal to work out terms such as leasing price and contract length.
This career is perfect for someone who likes working independently or wants flexibility outside of traditional office hours.
Starting as an agent is also good practice if you plan on running your own real estate business in the future.
Community Development Manager
A community development manager earns an average of $61K per year and is responsible for developing communities, managing budgets, and encouraging sustainable practices.
They typically work alongside local government officials to ensure that their projects are efficient while remaining in line with city plans or zoning regulations.
This role requires several skills including financial analysis, project management skills, and effective communication.
Senior Real Estate Professionals
The highest-paid senior real-estate agent earns around $71K per year with the highest potential earnings at $104K!
They typically work in commercial properties, managing leases, and supervising leasing agents.
These professionals are also responsible for providing advice to clients on how to increase revenue through renovations or advertising campaigns.
Property Supervisor
The highest-paid property supervisors make an average of $89K per year and are responsible for overseeing daily operations at residential properties.
They monitor staff, organize schedules and work with the owner to ensure that all procedures are being carried out according to established rules/regulations.
This career is perfect for someone who likes working in teams or enjoys having a lot of responsibilities!
Commercial Real Estate Brokers
A commercial broker earns an average of $68K per year with the highest potential earnings at around $120K!
They help clients find office, industrial or retail space for leasing or purchase in cities like New York City and Chicago.
Commercial brokers may specialize in certain types of real estate, such as commercial, industrial or retail properties.
They also help tenants find the space they need and may be involved in negotiations between brokers for both sides of a deal to work out terms such as leasing price and contract length.
This career may be perfect for someone interested in real estate.
Brokerage Managers
A brokerage manager earns an average of $40K per year with the highest potential earnings at around $80K annually!
They oversee daily operations for commercial properties, monitoring staff and organizing schedules.
They also help tenants find the space they need and may be involved in negotiations between brokers for both sides of a deal to work out terms such as leasing price and contract length.
This industry is booming right now so it’s no wonder that there are all kinds of interesting jobs opening up – even ones you might not have thought about.
High Paying Real Estate Careers: Honorable Mentions
If you read through our list and are interested in more real estate career paths, we’ve added six more jobs to the mix as a special bonus.
- Corporate real estate manager – $122K median annual salary
- Real estate developer – $94K median annual salary
- Mortgage loan officer – $44K median annual salary
- Foreclosure specialist – $44K median annual salary
- Real estate attorney – $151K median annual salary
- Real estate appraisers -$57K median annual salary
The world of real estate is massive, and there are many positions in this industry that can offer the balance of income, schedule flexibility, and responsibilities that fit in with your career goals.
The Highest Paying Real Estate Careers: Final Thoughts
Careers in real estate are perfect for someone looking to work independently with a flexible schedule outside of traditional office hours.
Many of these positions can pay six, and even seven figure salaries.
Better yet, many positions do not require a real estate broker license or other qualifications, so the barrier to entry can be fairly accessible for some career paths.
This industry is booming right now, so it’s no wonder that there are all kinds of interesting jobs opening up — even ones you might not have thought about!
Tags:
