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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 |
Requirement |
| 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 spreadsheets; an agent in the field with heavy
contact with customers on a day to day basis; or an ent repreneurial
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.
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