Today more than 5 million people are working in various parts of the real estate industry in the United States. Real estate has many wide-ranging careers associated with it, both directly and indirectly. Many real estate jobs require licensing—such as a real estate license—continuing education, or other certifications or degrees. Below we outline some of the different types of real estate jobs available today, as well as the typical real estate salary or income associated with each. (Read here if you are already a real estate broker and are seeking ways to boost your salary while your career launches.)
Types of real estate careers available
Real estate careers can be associated with the financial side of the industry by way of a mortgage brokerage, loan processing, underwriting, credit analysis, foreclosure management, loan funding, and investment. There are also many essential and high-paying jobs available on the title insurance, appraisal, escrow, property management, and legal sides of the business, in addition to residential and commercial brokerage sales.
10 real estate jobs and their salaries
Let’s take a look at the salary or income opportunity for 10 different real estate jobs available in North Carolina. In this context, the term “salary” might also embrace commissions and bonuses. The usual range, unless otherwise noted, includes salaries from the 25th to 75th percentiles:
- Appraiser (residential): The median annual salary is $48,913 with a salary range usually between $40,320 and $56,511.
- Appraiser (commercial): The median annual salary for an appraiser who works in the commercial sector in North Carolina is $95,103 with a range usually between $81,799 and $109,099.
- Commercial leasing manager: The median annual salary is $105,330 with a range usually between $79,423 and $146,674.
- Commercial real estate broker: The average annual salary in North Carolina is reported by indeed.com to be $69,265, claiming that this is about 12 percent below the national average. Annual incomes in this field can vary dramatically, going as high as several million dollars per year, depending on the annual closings. Total pay usually falls between $38,170 and $196,775.
- Commercial real estate loan officer: The median annual salary nationally for a lower-level loan officer is $74,564 with a salary range between $64,454 and $85,995. A senior loan officer’s median salary is $129,743, The sale of just one multi-million-dollar commercial property per year can generate over $63,000 in commission income alone.
- Community development manager: The median annual salary range is $105,608 with a range typically between $91,128 and $121,918.
- Compliance specialist: The median annual salary for an entry-level compliance specialist In North Carolina is $56,396 with the standard range between $50,317 and $64,276. More senior compliance specialists can make salaries in the $90,000 range.
- Property manager: The median annual salary is $91,701; the standard range is $79,618 to $105,511.
- Real estate broker: The average annual income for a real estate agent in the U.S. is $40,015, but North Carolina agents (brokers) make more, with an average yearly salary of $61,840. Salaries start around $21,000 with top earners making well over the $130,000 mark.
- Real estate broker-in-charge: The median income is reported as $76,347 each year, with that amount going up to $100,000 or more.
* Sources include salary.com, payscale.com, monster.com, and the National Association of REALTORS (NAR).
For more information on launching your real estate career, check out Superior School of Real Estate’s career hub.