Getting a New York real estate license does not just confine you to one career path– in fact, it can open the door to many different roles. When looking at the routes for employment after receiving a license, many people overlook some fantastic options. As a thriving and continually growing industry, there’s always new opportunities.
We’ve compiled a list of some of the most popular jobs you can do with a New York real estate license. They are organized by national average salary, in order from low to high.
What can I do with a New York real estate license?
Once you obtain your New York real estate license you will be able to represent sellers or landlords to sell or lease their property, or represent buyers or tenants looking to buy or rent a property, and earn a commission in the process.
You will also be able to work in the leasing industry, as a leasing consultant or property manager. This applies to all types of real estate (residential, commercial, or industrial) throughout New York.
1. Leasing Consultant: $35,000
Main Duties: Leasing consultants are the first point of contact for tenants and landlords in the leasing process. They work with clients to find the best property match and then walk them through the lease agreement.
The salary for this position can vary greatly based on location, but it is typically a low-stress, entry-level role in the real estate industry.
Interested in learning more about how much you can earn once you have a New York real estate license? Click here for an in-depth guide to understanding how NY real estate agents earn money and how much you can earn in your first year in real estate.
2. Real Estate Assistant: $40,000
Main Duties: Real estate assistants provide support to real estate agents in a variety of ways. They might handle paperwork, take care of marketing duties, or help with client relations.
This position is perfect for someone who wants to get their foot in the door of the industry and learn the ropes.
3. Title Examiner: $45,000
Main Duties: Title examiners are responsible for reviewing property titles to ensure that there are no discrepancies or legal issues with the sale.
They work with buyers, sellers, and real estate agents to make sure that the transaction goes as smoothly as possible. This is a more specialized role within the industry and typically requires additional education and training.
4. Real Estate Paralegal: $48,000
Main Duties: Real estate paralegals provide support to attorneys who specialize in real estate law.
Paralegals may conduct research, draft documents, or manage case files. This is a great position for someone who wants to gain experience in the legal side of things.
5. Appraiser: $50,000
Main Duties: Appraisers provide accurate property value estimates for buyers, sellers, and lenders.
This role requires a deep knowledge of the real estate market and strong analytical skills. It is a great option for those who want a more behind-the-scenes job in the industry.
6. Apartment Manager: $50,000
Main Duties: Apartment managers are responsible for overseeing all aspects of apartment complexes- from marketing and leasing to maintenance and resident relations.
They typically have a wealth of experience in property management and are able to handle any issue that comes up.
7. Property Manager: $55,000
Main Duties: Property managers are responsible for overseeing the day-to-day operations of a property.
They work with tenants, landlords, and vendors to make sure that the property is well-maintained and running smoothly. Be ready to draw on leadership skills to perform this role effectively.
8. Home Inspector: $58,000
Main Duties: Home inspectors are responsible for conducting inspections of homes prior to sale.
They assess the condition of the property and identify any necessary repairs. You’ll need to be knowledgeable about construction and enjoy working with clients.
9. Loan Officer: $60,000
Main Duties: Loan officers work with banks and other lenders to help people finance their real estate purchases.
They assess loan applications and work with borrowers to get the best possible terms. This career is perfect for those who are interested in the financial side of things and want to help people achieve their homeownership dreams.
10. Real Estate Marketing Specialist: $60,000
Main Duties: Real estate marketing specialists are responsible for creating and executing marketing campaigns for real estate firms.
They might design ads, create websites, or write brochures. You’ll thrive in this role if you can channel your creative side. Knowing how to work with technology is a must.
11. Foreclosure Specialist: $70,000
Main Duties: Foreclosure specialists work with homeowners who are in the process of foreclosure.
They help them to understand their options and make the best decision for their situation. This is a relatively high-stress position that requires a lot of knowledge about the real estate market.
12. Commercial Real Estate Agent: $85,000
Main Duties: Commercial real estate agents work with businesses to find and lease properties for their needs.
They must have a deep understanding of both the real estate market and the business world in order to be successful in this career.
13. Property Developer: $100,000
Main Duties: Property developers are responsible for creating new real estate projects. They must have a strong business sense and be able to see the potential in a property.
This is a high-stress, high-reward career for those who are looking to be their own boss and make a big impact in the real estate industry.
14. Real Estate Attorney: $98,000
Main Duties: Real estate attorneys provide legal advice and representation to buyers, sellers, investors, and developers.
They handle everything from contract negotiations to closings and title disputes. A real estate license will help, but note that to be an attorney you’ll need some extensive, high-level education.
15. Real Estate Investor: $100,000
Main Duties: Real estate investors purchase properties with the intention of making a profit. They may hold on to the property and rent it out, or they may sell it for a higher price later.
Though the average income is around $100,000, the sky’s the limit in this role– the greater your knowledge and the smarter your investments, the more money you’ll be able to bring in. Give this gig a try if you’re looking for some passive income, but do plenty of research before jumping in.