Skip to main content

What are different types of real estate jobs UK?

Types of Real Estate Professionals
There are several categories of jobs under the general heading of “people who handle the sale of houses and other properties.” Most consumers are unaware of the distinctions among these roles and use the titles interchangeably - even though the legal requirements behind various titles differ. For example, review the difference between a real estate agent and a broker.
Anyone who sells real estate on behalf of the owner is a real estate agent. To practice, you must first take a training course, pass a test, and receive a license. State requirements for licenses vary. There are two levels of licensure. The initial level allows you to work as a real estate agent or real estate salesperson (the two are essentially synonyms) under the supervision of a broker.
To become a real estate broker requires the second level of licensure, awarded after a minimum period of practice as an agent, further study, and a more stringent test.
A college degree is not necessary for licensure (a high school diploma is), but having one does help with getting a job.
Real estate clerks do not need licenses, though they do need relevant experience. They maintain records and handle paperwork and other administrative duties for real estate brokerages.
There are other positions that do not differ by degree of licensure. Associate brokers, for example, are those who are licensed as brokers themselves but nonetheless work under the supervision of another broker.
“REALTOR” is a legally protected phrase owned by the National Association of REALTORS. It does not refer to a separate level of licensure, but to a member of the Association. Members must meet the high professional and ethical standards set by the association.
Other Common Real Estate Jobs
There are many positions in other fields whose work is necessary to the sale of real estate. These include appraisers, inspectors, bankers, and attorneys. Each category can include a number of different job titles.
After a building is built or renovated, an inspector comes in and ensures that the building is up to code. Some inspectors specialize in residential houses, others in commercial and other types of buildings.
Because most real estate properties are not bought for cash, bankers have processes for deciding whether to issue a loan. That process begins with an appraisal - that is, a professional estimation of the financial value of the property.
Real estate appraisers also set values for property tax purposes, for setting compensation levels in cases of seizure by eminent domain, and to assist in negotiations between buyers and sellers and renters and owners.
Real estate appraisers must be either certified or licensed, and several levels of licensure exist. After the appraiser performs his job, any of various types of loan professional takes over on the bank side of the equation, while any of several types of mortgage professionals help the buyer negotiate the process.
Loan underwriters make sure that you are able to repay a mortgage before granting approval for it. The underwriter will either approve, suspend, or turn down your mortgage application.
Licensed closing agents or closing coordinators ensure that the financial transaction proceeds properly.
Real estate lawyers make sure all legal agreements involved in the sale are properly drawn up, as well as handling any disputes about ownership.
Real estate consultants and real estate analysts help potential buyers understand how to invest in real estate in order to get a good financial return.
Real estate managers manage properties belonging to investors.
Mortgage consultants, or loan officers, advise borrowers on choosing the best mortgage and assist in helping them fill out loan applications. They make their money through commissions on the loans.
Foreclosure specialists facilitate the process when a home or property is reclaimed by a bank due to non-payment on a mortgage. They may help the homeowner, the lender, or the new buyer with procedures, or possibly all three. Foreclosure specialists usually work with banks and real estate companies.
Home Inspectors provide a professional opinion and documentation of a home, determined by a visual evaluation in addition to operational testing of the home’s elements and components to determine its current condition.
Real Estate Job Titles
Here's a list of various areas of focus with some job descriptions.
  • Appraiser
  • Appraisal Manager
  • Real Estate Appraiser
  • Licensed Real Estate Appraiser
Brokers and Agents
  • Agent
  • Assistant Broker
  • Associate Broker
  • Broker
  • Closing Agent
  • Closing Coordinator
  • Commercial Real Estate Broker
  • Director of Real Estate
  • Realty Specialist
  • Real Estate Agent
  • Real Estate Associate
  • Real Estate Clerk
  • Real Estate Consultant
  • Real Estate Manager
  • Real Estate Specialist
  • Real Estate Analyst
  • Licensed Sales Consultant
  • Sales Assistant
Loans Specialist
  • Loan Documents Coordinator
  • Loan Documents Closer
  • Loan Processor
  • Loan Underwriter
  • Retail Loan Specialist
Mortgage Specialist
  • Mortgage Advisor
  • Mortgage Consultant
  • Mortgage Coordinator
  • Mortgage Loan Processor
  • Mortgage Loan Underwriter
  • Mortgage Professional
  • Mortgage Specialist
  • Underwriter
  • Foreclosure Specialist
Inspectors
  • Home Inspector
  • Inspector
  • Building Inspector
Other
  • Real Estate Attorney
  • Title Coordinator
  • Title Examiner
  • Marketing Coordinator
Source: Movin' on Up: Types of Jobs in Real Estate
Labels:

Comments

Post a Comment

Popular posts from this blog

7,000 estate agents at risk of going to the wall, says study

In excess of 150, estate agency firms went ruined a year ago and upwards of 7,000 are in danger as high road administrators confront the triple whammy of online rivalry, a drooping property market and slices to letting fees. An investigation by bookkeepers Moore Stephens found that 153 estate agency firms went wiped out in the year to May 2018, a little increment on the 148 the prior year. However, it found that in excess of 7,000 estate agents “as of now hint at budgetary misery”. A week ago, shares in Britain’s greatest estate agent, Countrywide Properties, dove 25% after it issued its fourth benefit cautioning in eight months and approached investors to raise crisp assets to cut its obligation. Countrywide, the organization behind Hamptons, Bairstow Eves, Taylors and Gascoigne-Pees, has been hit hard by a downturn in the lodging market in London and the south-east, a messed up patch up of the business and developing rivalry from new online firms, for example, Purplebricks. Estate ag...
Post a Comment
Read more

Facilities Manager (Media Company)

Our client, a highly successful media company in London, are recruiting for a Facilities Manager to join their team. The Facilities Manager has direct responsibility for the day-to-day running of Facilities at the Companies offices in London and North West England, with supervisory responsibility of the offices in Africa and Canada. The role will be based in our clients London head office and the Facilities Manager will be required to pro-actively manage and resolve all facilities issues, alongside managing the Front of House assistant. This is a varied and challenging role that lies at the heart of a great workforce and the Facilities Manager is vitally important to ensuring that our employees have a safe and great place to work. This role would suit current Facilities Managers looking to broaden their experience, working across a multi-site organization that is open to innovative solutions and new methods of delivering services to our teams. Responsibilities Be the first point of con...
Post a Comment
Read more

Pensions Administrator Jobs London

Pensions Administrator (SIPPs) – Leicestershire (AL808) to c£25,000 per annum + excellent benefits My client is an established Pensions & Wealth Management company, providing financial planning and wealth management to both corporate and private clients and they are now looking to appoint a SIPP Administrator / Pension Administrator for their Leicestershire based offices. The role involves the full cradle to grave administration of SIPP Pension Schemes, including: Producing SIPP quotes Establishing new SIPP Schemes Dealing with general SIPP enquiries Liaising with clients/IFAs/professional advisers/investment companies Dealing with incoming post, benefit crystallisation and calculation of pension, receiving contributions and transfer values Placing investments, reconciling bank statements, monitoring cash flow, updating paper and computer records Property purchase and administration Valuations Fee collection Annual review and audit Preparing pre and at retirement packs Requirements...
Post a Comment
Read more