The perks of working as a real estate agent include meeting with new people and helping them to achieve the biggest milestone. However, the job has its challenges like handling paperwork complex and simple, provision of customer service and, some duties like keeping lease records and agreement records, organizing appointments, updating the profile on the social media platforms.
It is a commission-based job as you know. Therefore, the commission is based upon helping the client to sell and buy a property, so if there is no selling and purchasing then there is no income. Real estate agents work under a broker who has the license. A real estate broker is a person who has taken some training and a license.
In this article, we will discuss some of the jobs in real estate and their estimated income. Without any further delay, let’s get started:
- MORTGAGE COLLECTION MANAGER
The mortgage collection manager evaluates the payment that you are behind on the term delinquent loans used for it and they determine foreclosure status. This post requires a bachelor’s degree. The manager also has to report to the top management. The mortgage collection manager can earn between $68,947 and $97,439 in a year.
- MORTGAGE CREDIT ANALYST
The mortgage credit analyst checks the creditworthiness of their client and helps them to purchase a mortgage accordingly. They provide the financial information that gives assurance to the lender. In a year a senior mortgage credit analyst can earn between $56,735 and $70,373. While for the newer employer the typical range is $46,555 to $65,754.
- LOAN OFFICER FOR MORTGAGE
They gather the financial information of their client to check if they are eligible for a mortgage loan or not. The annual salary for a newly employed mortgage loan officer is between $36,237 and $53,931. For the senior mortgage loan officer, the annual salary is about $ 78,115.
- MORTGAGE LOAN PROCESSOR
The mortgage loan processor reviews the application for purchasing the mortgage. They can reject and accept the application. They also interview the loan applicants. The annual salary range is between $33,799 and $43,900.
- MANAGER OF MORTGAGE LOAN PROCESSING
The reported annual salary of a manager for mortgage loan processing is $95,240. Most salaries range between $81,289 and $106,692.
- REAL ESTATE ATTORNEY
The lawyer of real estate has the role to check the legal aspects of real estate transactions. The reported salary per annum is $ 151,865. The standard range is between $132,426 and $168,266.
- CONSULTANT (REAL ESTATE)
The real estate consultant’s job is to ensure that his clients’ property-related requirements are fulfilled. The real consultant can earn an annual salary of $ 61,719.
- PROPERTY MANAGER
The property manager is responsible for the operational and financial management of commercial, industrial and residential plots. Their duties include establishing a rental rate for a property by surveying the market and keeping every calculation in mind through which it could be profitable. The annual salary of a property manager is $101,234.
- RESIDENTIAL PROPERTY MANAGER
The per annum salary of the residential property manager according to the report is $65,561.The highest paying jobs in real estate include appraiser (Residential and commercial), escrow, property management and, legal advice sector. The Appraiser can earn an annual salary of $55,483 while escrow officers can earn between $40,608 and $60,823.