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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

  • $43,370

    Average Salary

What Does A Real Estate Consultant Do At Lowe's

* Provides management and strategic directions for real estate team and the Property Managers for tactical management (e.g., right-of-way takings, developer consents, etc.) of real estate, and supervises the Property Administrator roles for administration of real estate
* Evaluates relevant market to understand and evaluate existing store performance, store location opportunities, lease expirations, or other relevant circumstances to develop and implement a market opportunity analysis and strategy based on market shifts and applicable demographics
* Negotiates and oversees monitoring of all applicable real estate agreements and ancillary agreements (i.e. covenants, restrictions, easements, requirements, and payment schedules), at either new or existing locations, to align with company strategy, corporate guidelines to increase ROI
* Renegotiates any desired extensions, assists in closing of identified stores, assists in the disposition of closed or relocated stores
* Directs, maintains, and controls divisional financial budget process (plan/budget, forecast and actual) for new store expansion, relocations, leases, CAMs, etc. that reduces cost and delivers business objectives
* Collects Notice of Reimbursement or Disbursement Agreement (NRDA) funds
* Handles additional income-producing opportunities (i.e. billboards, ATMs, etc.) and leasing of corporate facilities (i.e. regional offices)
* Collaborates with Store Operations and Market Research to conduct analysis and develop a Regional/Market long range plan Presents to Real Estate Committee on market strategies, new store opportunities, relocations, lease re-negotiations, lease extensions, and obtains necessary approvals
* Coordinates with internal partners in Site Incentives, Excess Property, Engineering and Construction (E&C), Facilities Management, Distribution, Supply Chain, etc. to leverage economies of scale

What Does A Real Estate Consultant Do At McDonald's

* Processing, coding, and analyzing of Real Estate and/or Personal Property tax payments
* Researching tax discrepancies with the tax agencies, operators and McOpCo
* Maintain real estate and tax calendar system
* Review and answer tax exceptions
* Perform monthly balance sheet account analysis on respective tax accounts (penalty and interest, and accrual accounts)
* Preparation of legal notice memo checklist, estoppels, and sold store workups
* Frequent phone contact with taxing authorities and owner/operators

What Does A Real Estate Consultant Do At Principal Financial Group

* Principal Global Investors is currently looking for a mid-level researcher to join our team.
* In this role, you will be responsible for contributing to and supporting existing research products as well as ongoing initiatives; engaging in database management, quantitative modeling as well as contributing to complex projects, which will help investment teams across the four real estate quadrants identify risks and opportunities in commercial real estate markets
* The incumbent will also assist the research team in communicating and presenting findings of research projects and underlying methodologies to internal stakeholders as well as contribute to continual improvement of the research department's suite of products, thereby helping to constantly improve the organization's investment decision capabilities.
* The incumbent will be a member of real estate space and capital markets research team within Principal Real Estate Investors
* Accountabilities:Support investment teams across all four quadrants
* Develop data driven solutions to complex problemsContribute written analysis to internal and external publications, including white papers and industry thought piecesDemonstrate a broad understanding of macroeconomic and market level economic and commercial real estate data
* Support investment teams by providing appropriate research solutions including customized analysis above and beyond off-the-shelf reports
* High Performers will have:Commercial real estate / capital market knowledgeExperience working with macroeconomic and regional economic dataGlobal view of commercial real estate as an asset classBe an engaged and motivated to look for solutions that address complex issuesHave experience leveraging data and analysis to tell a storyStrong interest in real estate and economic research

What Does A Real Estate Consultant Do At Apple

* Create and maintain project files (digital and hard copy)
* Presentation and Map Preparation:  Manage the preparation and assembly of analysis, statistics, research, maps, and other documents for presentations on markets and specific real estate locations
* Coordination: Responsible for tracking of new locations through obtaining updates from each Real Estate Manager and maintaining reports
* Communication:  Communicate between multiple departments and vendors.
* Contracts and Payments:  Responsible for ensuring research vendor contracts are in place and vendors are paid on time.
* Manage the tracking of payments and budget.
* Secondary Responsibilities:
* Administrative:  Assist in the administrative tasks such as calendar management, travel arrangements, expense reports, document control.
* Proactively seeks ways to streamline daily processes and procedures

What Does A Real Estate Consultant Do At Comcast

* Drafts and creates a large variety of detailed analyses, reports and relevant documents
* Works with RE Team in planning and implementing of weekly and bi weekly real estate meetings and agendas with internal team and the Field teams.
* Weekly field update reports including current status of all projects nationally
* Legal and financial tracking
* Input into construction tracking as it relates to real estate
* Weekly milestone reports prepared for leadership/executives
* Incorporates data from multiple sources to generate reports, ensuring accuracy and data integrity in project reporting for portfolio planning and transaction management
* Manages and supports Real Estate team and system involving tracking all transaction information.
* Works with RE Team on site research, demographics, and mapping.
* Actively participates in project kick-off meetings and coordinates real estate site approval committee presentations.
* Maintains ownership of projects and coordinates with multiple teams to ensure timelines are met.
* Works with RE Leadership to help manage the business relationships with real estate Developers, Brokers, and assist with Developer portfolio reviews as needed.
* Obtains lists of available properties from developers on a semi-annual basis.
* Assists the RE Team in the preparation of real estate committee and market tour presentations
* Partner with RE Team to ensure accuracy of deal terms for ROI models.
* Conducts store dilution studies for evaluation by RE Analyst/Sr.
* RE Analyst
* Performs special projects as requested RE Team and seeks out projects proactively to help the team.
* Handles requests completely, accurately, and within agreed upon timelines while staying in constant communication with all stakeholders.
* Proactively seeks out projects and keeps pressure on deliverables until tasks are met, and manages tracking reports.
* Other duties may be assigned

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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 jobs

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Real Estate Consultant Career Paths

Real Estate Consultant
Real Estate Paralegal Paralegal Account Manager
Account Director
9 Yearsyrs
Paralegal Account Manager Property Manager
Director Of Property Management
9 Yearsyrs
Property Manager Regional Manager Regional Sales Manager
Director Of Sales
10 Yearsyrs
Real Estate Broker Project Manager Program Manager
General Manager
7 Yearsyrs
Real Estate Paralegal Office Manager Finance Manager
General Sales Manager
8 Yearsyrs
Chief Executive Officer Realtor Associate Broker
Managing Broker
10 Yearsyrs
Property Manager Communications Manager Marketing Manager
Marketing Director
7 Yearsyrs
Real Estate Manager General Manager Account Executive
Marketing Manager
6 Yearsyrs
Sales Person General Manager Business Developer
Marketing/Business Development
8 Yearsyrs
Legal Assistant Specialist Account Manager
National Account Manager
8 Yearsyrs
Asset Manager Project Manager Product Manager
National Sales Manager
10 Yearsyrs
Chief Executive Officer Real Estate Broker Assistant Property Manager
On Site Property Manager
6 Yearsyrs
Real Estate Manager Asset Manager Project Manager
Product Manager
7 Yearsyrs
Paralegal Operations Manager Property Manager
Real Estate Manager
8 Yearsyrs
Real Estate Closer Realtor Property Manager
Regional Property Manager
7 Yearsyrs
Legal Assistant Office Manager Account Manager
Sales Manager
5 Yearsyrs
Real Estate Closer Real Estate Manager
Senior Property Manager
8 Yearsyrs
Sales Person Sales Manager
Senior Sales Manager
7 Yearsyrs
Asset Manager Portfolio Manager Senior Project Manager
Vice President And Manager
10 Yearsyrs
Real Estate Broker Real Estate Manager General Manager
Vice President, Business Development
13 Yearsyrs
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Real Estate Consultant Demographics

Gender

  • Female

    49.0%
  • Male

    48.8%
  • Unknown

    2.1%

Ethnicity

  • White

    78.3%
  • Hispanic or Latino

    10.8%
  • Asian

    8.3%
  • Unknown

    1.9%
  • Black or African American

    0.8%
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Languages Spoken

  • Spanish

    51.6%
  • French

    10.7%
  • Portuguese

    5.8%
  • German

    5.8%
  • Mandarin

    4.9%
  • Chinese

    4.0%
  • Arabic

    3.6%
  • Russian

    2.2%
  • Vietnamese

    1.3%
  • Korean

    1.3%
  • Greek

    1.3%
  • Italian

    1.3%
  • Cherokee

    0.9%
  • Hindi

    0.9%
  • Dutch

    0.9%
  • Carrier

    0.9%
  • Persian

    0.9%
  • Hebrew

    0.9%
  • Danish

    0.4%
  • Bulgarian

    0.4%
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Real Real Estate Consultant Salaries

Job Title Company Location Start Date Salary
Director, Real Estate Studies University of Washington Seattle, WA Jan 09, 2016 $240,000
Real Estate Trainer GFI Realty Services, Inc. New York, NY Mar 31, 2016 $128,149
International Fundraiser Global Real Estate Belgravia Capital Management, LLC Irvine, CA Oct 01, 2013 $65,000
International Fundraiser Global Real Estate Belgravia Capital Management, LLC Costa Mesa, CA Oct 01, 2010 $65,000
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

RealEstateClosingsProspectiveBuyersFinancialAnalysisCustomerServiceRealEstateTransactionsEscrowCompaniesDueDiligencePropertyManagementComparativeMarketAnalysisOpenHousesAssetManagementResidentialRealEstateRealEstateSalesLegalDocumentsTitleCompaniesRealEstateAgentsRealEstateMarketCounselLandlordsPurchaseAgreements

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Top Real Estate Consultant Skills

  1. Real Estate Closings
  2. Prospective Buyers
  3. Financial Analysis
You can check out examples of real life uses of top skills on resumes here:
  • Coordinated real estate closings, overseeing signing of documents and disbursement of funds.
  • Coordinated appointments with prospective buyers to showcase houses and plots.
  • Conduct financial analysis and refer clients to financial institutions to determine qualification for loan approval.
  • Handled all Customer Service Post Closing issues with banks/borrowers on a daily basis.
  • Coordinate and negotiate residential and commercial real estate transactions from initial contact to closing.

Top Real Estate Consultant Employers

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