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A real estate developer is a real estate professional who creates new developments or renovates existing ones, promotes them, and puts them up for sale. In essence, a real estate developer obtains land, prepares it for development, and manages the construction and sale process.
The developments of real estate property can either be residential or commercial. While some real estate developers are self-employed entrepreneurs, others work with a real estate firm. Because of the risks and workload, they often work with architects, contractors, landscapers, politicians, real estate agents, and other professionals.
A commercial real estate developer makes about $95,253 annually. Although certification is not necessarily required, a real estate developer should have a degree in a related field and over five years of experience. Skills such as communication, leadership, problem-solving, interpersonal, analytical, presentation, and project management are useful to a real estate developer. You must also be able to read and understand blueprints.
Stephen Buckman
Associate Professor, Clemson University
Avg. Salary $93,510
Avg. Salary $59,228
Growth rate 3%
Growth rate 0.3%
American Indian and Alaska Native 0.60%
Asian 5.41%
Black or African American 9.07%
Hispanic or Latino 16.98%
Unknown 4.16%
White 63.78%
Genderfemale 33.09%
male 66.91%
Age - 49American Indian and Alaska Native 3.00%
Asian 7.00%
Black or African American 14.00%
Hispanic or Latino 19.00%
White 57.00%
Genderfemale 47.00%
male 53.00%
Age - 49Stress level is high
7.1 - high
Complexity level is advanced
7 - challenging
Work life balance is fair
6.4 - fair
| Skills | Percentages |
|---|---|
| Financial Statements | 13.57% |
| Property Management | 10.28% |
| Due Diligence | 8.09% |
| General Contractors | 6.89% |
| Payroll | 4.43% |
| State | Education | Exam | License url |
|---|---|---|---|
| Alabama | - | State exam required | Licensed Real Estate Broker |
| Maryland | Degree required | State exam required | REAL ESTATE BROKER |
| Alaska | - | - | Real Estate Broker |
| Arkansas | Specific course required | State exam required | Real Estate Broker |
| California | Degree required | State exam required | Real Estate Broker License |
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Now it's time to start searching for a real estate developer job. Consider the tips below for a successful job search:

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The average real estate developer salary in the United States is $93,510 per year or $45 per hour. Real estate developer salaries range between $66,000 and $131,000 per year.
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