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What is a real estate developer and how to become one

Updated January 8, 2025
4 min read
Quoted expert
Stephen Buckman

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.

What general advice would you give to a real estate developer?

Stephen Buckman

Associate Professor, Clemson University

Make yourself valuable by finding your niche where you become a valuable piece. Take risks when you are young without a lot to lose. Learn from mistakes and fail forward.
ScoreReal Estate DeveloperUS Average
Salary
7.3

Avg. Salary $93,510

Avg. Salary $59,228

Stability level
8.4

Growth rate 3%

Growth rate 0.3%

Diversity
4.4
Race

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%

Gender

female 33.09%

male 66.91%

Age - 49
Race

American Indian and Alaska Native 3.00%

Asian 7.00%

Black or African American 14.00%

Hispanic or Latino 19.00%

White 57.00%

Gender

female 47.00%

male 53.00%

Age - 49
Stress level
8.4

Stress level is high

7.1 - high

Complexity level
8.6

Complexity level is advanced

7 - challenging

Work life balance
4.8

Work life balance is fair

6.4 - fair

Real estate developer career paths

Key steps to become a real estate developer

  1. Explore real estate developer education requirements

    Most common real estate developer degrees

    Bachelor's

    70.8 %

    Master's

    13.1 %

    Associate

    8.0 %
  2. Start to develop specific real estate developer skills

    SkillsPercentages
    Financial Statements13.57%
    Property Management10.28%
    Due Diligence8.09%
    General Contractors6.89%
    Payroll4.43%
  3. Complete relevant real estate developer training and internships

    Accountants spend an average of 3-6 months on post-employment, on-the-job training. New real estate developers learn the skills and techniques required for their job and employer during this time. The chart below shows how long it takes to gain competency as a real estate developer based on U.S. Bureau of Labor Statistics data and data from real real estate developer resumes.
  4. Obtain the necessary licensing

    Becoming a licensed real estate developer usually doesn't require a college degree. However, you need to pass an exam to become a licensed real estate developer in most of states. 46 states require real estate developers to have license for their work. You can see the list of states below.
    StateEducationExamLicense url
    Alabama-State exam requiredLicensed Real Estate Broker
    MarylandDegree requiredState exam requiredREAL ESTATE BROKER
    Alaska--Real Estate Broker
    ArkansasSpecific course requiredState exam requiredReal Estate Broker
    CaliforniaDegree requiredState exam requiredReal Estate Broker License
  5. Research real estate developer duties and responsibilities

    • Manage segment's treasury function including equity forecasting and investment requests as well as lender relations in a difficult banking environment.
    • Convert FTTH's accounting to QuickBooks
    • Install windows, doors and put on metal roof.
    • Remodel entire building, add bathroom, and double glaze windows for views of mountains.
  6. Prepare your real estate developer resume

    When your background is strong enough, you can start writing your real estate developer resume.

    You can use Zippia's AI resume builder to make the resume writing process easier while also making sure that you include key information that hiring managers expect to see on a real estate developer resume. You'll find resume tips and examples of skills, responsibilities, and summaries, all provided by Zippi, your career sidekick.

    Choose from 10+ customizable real estate developer resume templates

    Build a professional real estate developer resume in minutes. Browse through our resume examples to identify the best way to word your resume. Then choose from 10+ resume templates to create your real estate developer resume.
    Real Estate Developer Resume
    Real Estate Developer Resume
    Real Estate Developer Resume
    Real Estate Developer Resume
    Real Estate Developer Resume
    Real Estate Developer Resume
    Real Estate Developer Resume
    Real Estate Developer Resume
    Real Estate Developer Resume
  7. Apply for real estate developer jobs

    Now it's time to start searching for a real estate developer job. Consider the tips below for a successful job search:

    1. Browse job boards for relevant postings
    2. Consult your professional network
    3. Reach out to companies you're interested in working for directly
    4. Watch out for job scams

How did you land your first real estate developer job

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Average real estate developer salary

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.

Average real estate developer salary
$93,510 Yearly
$44.96 hourly

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Updated January 8, 2025

Zippia Research Team
Zippia Team

Editorial Staff

The Zippia Research Team has spent countless hours reviewing resumes, job postings, and government data to determine what goes into getting a job in each phase of life. Professional writers and data scientists comprise the Zippia Research Team.

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