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Become A Real Estate Consultant

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Working As A Real Estate Consultant

  • Getting Information
  • Performing for or Working Directly with the Public
  • Resolving Conflicts and Negotiating with Others
  • Interacting With Computers
  • Selling or Influencing Others
  • Deal with People

  • Make Decisions

  • Stressful

  • $61,000

    Average Salary

What Does A Real Estate Consultant Do

Real estate brokers and sales agents help clients buy, sell, and rent properties. Although brokers and agents do similar work, brokers are licensed to manage their own real estate businesses. Sales agents must work with a real estate broker.

Duties

Real estate brokers and sales agents typically do the following:

  • Solicit potential clients to buy, sell, and rent properties
  • Advise clients on prices, mortgages, market conditions, and related information
  • Compare properties to determine a competitive market price
  • Generate lists of properties for sale, including details such as location and features
  • Promote properties through advertisements, open houses, and listing services
  • Take prospective buyers or renters to see properties
  • Present purchase offers to sellers for consideration
  • Mediate negotiations between buyer and seller
  • Ensure that all terms of purchase contracts are met
  • Prepare documents, such as loyalty contracts, purchase agreements, and deeds

Because of the complexity of buying or selling a home or commercial property, people often seek help from real estate brokers and sales agents.

Most real estate brokers and sales agents sell residential property. Others sell commercial property, and a small number sell industrial, agricultural, or other types of real estate.

Brokers and agents can represent either the buyer or the seller in a transaction. Buyers’ brokers and agents meet with clients to understand what they are looking for in a property and how much they can afford. Sellers’ brokers and agents meet with clients to help them decide how much to ask for and to convince them that the agent or broker can find them a qualified buyer.

Real estate brokers and sales agents must be knowledgeable about the real estate market in their area. To match properties to clients’ needs, they should be familiar with local communities, including knowing the crime information and the proximity to schools and shopping. Brokers and agents also must stay current on financing options; government programs; types of available mortgages; and real estate, zoning, and fair housing laws. 

Real estate brokers are licensed to manage their own businesses. As independent businesspeople, brokers often sell real estate owned by others. In addition to helping clients buy and sell properties, they may help rent or manage properties for a fee. Many operate a real estate office, handling business details and overseeing the work of sales agents.

Real estate sales agents must work with a broker. Sales agents often work for brokers on a contract basis, earning a portion of the commission from each property they sell.

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How To Become A Real Estate Consultant

Real estate brokers and sales agents need at least a high school diploma. Both brokers and sales agents must be licensed. To become licensed, candidates typically must complete a number of real estate courses and pass a licensing exam. 

Education

Real estate brokers and sales agents must have at least a high school diploma or equivalent. Although most brokers and agents must take state-accredited prelicensing courses to become licensed, some states may waive this requirement if the candidate has taken college courses in real estate. 

As the real estate market becomes more competitive and complex, some employers are preferring to hire candidates with college courses or a college degree. Some community colleges, colleges, and universities offer courses in real estate. Some offer associate’s and bachelor’s degree programs in real estate, and many others offer certificate programs. Courses in finance, business administration, economics, and law also can be useful.

Brokers intending to open their own company often take business courses, such as marketing and accounting. 

In addition to offering prelicensing courses, many real estate associations have courses and professional development programs for both beginners and experienced agents. These courses cover a variety of topics, such as real estate fundamentals, real estate law, and mortgage financing.

Licenses, Certifications, and Registrations

In all states and the District of Columbia, real estate brokers and sales agents must be licensed. Licensing requirements vary by state, but most have similar basic requirements:

Candidates must:

  • be 18 years old
  • complete a number of real estate courses
  • pass an exam

Some states have additional requirements, such as passing a background check. Licenses typically are not transferable among states. However, some states have reciprocity agreements and will accept licenses issued by some other states. 

To obtain a broker’s license, individuals generally need 1 to 3 years of experience as a licensed sales agent. They also must take additional formal training courses. In some states, a bachelor’s degree may be substituted in place of some experience or training requirements. 

State licenses typically must be renewed every 2 to 4 years. In most states, brokers and agents must complete continuing education courses to renew their license. To verify exact licensing requirements, prospective brokers and agents should contact the real estate licensing commission of the state in which they wish to work.

Work Experience in a Related Occupation

To get a broker’s license in most states, real estate brokers must have experience working as a licensed real estate sales agent. Requirements vary by state, but most require 1 to 3 years of experience. 

Training

Real estate sales agents improve their skills through practice and repetition. Because of the sales environment and the complexity of real estate deals, new agents typically observe and work closely with more senior agents. In addition, some of the larger real estate companies provide formal classroom training for new agents as a way to gain knowledge and experience, while others provide training to employees studying for their real estate licensing exam.

Advancement

Sales agents who earn their broker’s license may open their own offices. 

Important Qualities

Business skills. Because most brokers are self-employed, they must manage every aspect of their business. This task includes reaching out to prospective clients, handling their finances, and advertising their services.

Interpersonal skills. Strong interpersonal skills are essential for real estate brokers and sales agents, because they spend much of their time interacting with clients and customers. To attract and keep clients, they must be pleasant, enthusiastic, and trustworthy. 

Organizational skills. Real estate brokers and sales agents must be able to work independently, managing their own time and organizing, planning, and prioritizing their work.

Problem-solving skills. Real estate brokers and sales agents need to be able to quickly (sometimes immediately) address concerns clients or potential customers may have with a property. They also mediate negotiations between seller and buyer.

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Real Estate Consultant Career Paths

Real Estate Consultant
Consultant Manager Property Manager
Senior Property Manager
8 Yearsyrs
Consultant Office Manager Property Manager
Regional Property Manager
8 Yearsyrs
Consultant Manager Vice President
Development Vice President
10 Yearsyrs
Real Estate Broker Account Executive Project Manager
Portfolio Manager
7 Yearsyrs
Real Estate Broker Account Executive Account Manager
Corporate Account Manager
5 Yearsyrs
Real Estate Broker Account Executive Partner
Managing Member
8 Yearsyrs
Loan Officer Team Leader Property Manager
Real Estate Manager
8 Yearsyrs
Loan Officer Underwriter Account Manager
Commercial Account Manager
8 Yearsyrs
Loan Officer Executive Assistant Assistant Property Manager
Assistant Community Manager
5 Yearsyrs
Executive Assistant Human Resources Generalist Recruitment Manager
Director Of Talent Acquisition
11 Yearsyrs
Executive Assistant Assistant Property Manager
Commercial Property Manager
7 Yearsyrs
Finance Analyst Office Manager Communications Manager
Community Association Manager
9 Yearsyrs
Finance Analyst Business Manager Communications Manager
Leasing Director
5 Yearsyrs
Sales Person Sales Team Leader Inside Sales Manager
Inside Sales Account Manager
6 Yearsyrs
Finance Analyst Manager Realtor
Real Estate Management Specialist
7 Yearsyrs
Real Estate Analyst Real Estate Appraiser Real Estate Manager
Acquisitions Manager
7 Yearsyrs
Sales Person Legal Assistant Real Estate Paralegal
Real Estate Office Manager
5 Yearsyrs
Legal Assistant Marketing Coordinator Marketing Executive
Lead Generator
5 Yearsyrs
Mortgage Consultant Finance Sales Consultant Client Relationship Manager
Client Relations Manager
6 Yearsyrs
Mortgage Consultant Licensed Realtor Sales Counselor
Sales Communications Manager
7 Yearsyrs
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Do you work as a Real Estate Consultant?

Help others decide if this is a good career for them

Average Length of Employment
Real Estate Broker 6.2 years
Broker Realtor 5.5 years
Associate Broker 4.8 years
Associate Realtor 4.6 years
Licensed Realtor 4.4 years
Realtor 4.2 years
Real Estate Closer 3.9 years
Real Estate Agent 3.8 years
Buyers' Agent 3.0 years
Top Careers Before Real Estate Consultant
Manager 5.6%
Owner 4.9%
Consultant 4.8%
Internship 4.6%
Realtor 3.6%
Top Careers After Real Estate Consultant
Consultant 6.6%
Owner 5.2%
Manager 5.1%
Director 3.9%
Principal 3.6%
Realtor 3.4%

Do you work as a Real Estate Consultant?

Average Yearly Salary
$61,000
View Detailed Salary Report
$29,000
Min 10%
$61,000
Median 50%
$61,000
Median 50%
$61,000
Median 50%
$61,000
Median 50%
$61,000
Median 50%
$61,000
Median 50%
$61,000
Median 50%
$127,000
Max 90%
Best Paying Company
SunTrust Banks
Highest Paying City
Atlanta, GA
Highest Paying State
Louisiana
Avg Experience Level
3.6 years
How much does a Real Estate Consultant make at top companies?
The national average salary for a Real Estate Consultant in the United States is $61,339 per year or $29 per hour. Those in the bottom 10 percent make under $29,000 a year, and the top 10 percent make over $127,000.

Real Real Estate Consultant Salaries

Job Title Company Location Start Date Salary
Russian Real Estate Consultant Maryland Property Management LLC Towson, MD Sep 15, 2013 $41,800
Russian Real Estate Consultant Maryland Property Management LLC Baltimore, MD Jan 15, 2010 $37,000
Russian Real Estate Consultant Maryland Property Management LLC Baltimore, MD Sep 01, 2010 $37,000
Russian Real Estate Consultant Maryland Property Management LLC Baltimore, MD Oct 01, 2010 $37,000

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Top Skills for A Real Estate Consultant

  1. Real Estate
  2. Prospective Buyers
  3. Financial Statements
You can check out examples of real life uses of top skills on resumes here:
  • Brokered, packaged and performed underwriting analysis for commercial and residential real estate finance transactions.
  • Showed residential and commercial properties to prospective buyers, offered expertise regarding suitability and value, and prepared all related documentation.
  • Evaluated Mergers and Acquisitions - Restated and analyzed financial statements.
  • Contacted property Owners and advertised services to solicit property sales/rental listings.
  • Work as asset manager and operation manager for investment group managing several commercial and residential properties.

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Top 10 Best States for Real Estate Consultants

  1. New York
  2. North Dakota
  3. Rhode Island
  4. Colorado
  5. Alabama
  6. Massachusetts
  7. Pennsylvania
  8. Alaska
  9. Texas
  10. Washington
  • (714 jobs)
  • (43 jobs)
  • (45 jobs)
  • (254 jobs)
  • (307 jobs)
  • (451 jobs)
  • (661 jobs)
  • (12 jobs)
  • (859 jobs)
  • (509 jobs)

Real Estate Consultant Resume Examples And Tips

The average resume reviewer spends between 5 to 7 seconds looking at a single resume, which leaves the average job applier with roughly six seconds to make a killer first impression. Thanks to this, a single typo or error on your resume can disqualify you right out of the gate. At Zippia, we went through over 3,714 Real Estate Consultant resumes and compiled some information about how best to optimize them. Here are some suggestions based on what we found, divided by the individual sections of the resume itself.

Learn How To Create A Top Notch Real Estate Consultant Resume

View Resume Examples

Real Estate Consultant Demographics

Gender

Male

52.9%

Female

35.0%

Unknown

12.1%
Ethnicity

White

58.6%

Hispanic or Latino

16.8%

Black or African American

11.6%

Asian

8.5%

Unknown

4.5%
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Foreign Languages Spoken

Spanish

48.1%

French

12.1%

Mandarin

5.6%

Portuguese

5.2%

Chinese

5.2%

Arabic

4.3%

German

3.9%

Russian

2.6%

Vietnamese

1.7%

Italian

1.7%

Hebrew

1.7%

Dutch

1.3%

Korean

1.3%

Cantonese

1.3%

Cherokee

0.9%

Hindi

0.9%

Persian

0.9%

Turkish

0.4%

Danish

0.4%

Bulgarian

0.4%
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Real Estate Consultant Education

Schools

University of Phoenix

18.6%

New York University

7.9%

Arizona State University

5.4%

University of Houston

5.4%

Florida International University

5.4%

University of Texas at Austin

5.1%

University of Southern California

4.9%

University of South Florida

4.7%

Georgia State University

4.2%

Michigan State University

4.0%

San Diego State University

4.0%

Pennsylvania State University

3.7%

Florida State University

3.7%

DePaul University

3.7%

University of California - Los Angeles

3.7%

Northeastern University

3.5%

George Mason University

3.0%

Texas A&M University

3.0%

Southern Methodist University

3.0%

University of Miami

3.0%
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Majors

Business

31.1%

Real Estate

13.9%

Finance

9.7%

Accounting

6.0%

Marketing

4.9%

Management

4.5%

Law

4.5%

Communication

3.9%

Psychology

3.3%

Political Science

3.0%

Economics

2.8%

Criminal Justice

2.1%

Computer Science

1.4%

Education

1.4%

Sociology

1.3%

International Business

1.3%

Liberal Arts

1.3%

English

1.3%

Human Resources Management

1.2%

General Sales

1.2%
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Degrees

Bachelors

41.4%

Other

20.7%

Masters

20.5%

Associate

5.7%

Certificate

4.4%

Doctorate

4.0%

License

2.5%

Diploma

0.7%
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