What is Real estate?

Real estate involves the buying, selling, and management of properties. Online real-estate courses focus on practical aspects such as legal regulations, property management, and financing options. These courses equip learners with the tools to navigate challenges in the real estate industry and succeed in property transactions and investments.

Real estate is a dynamic industry involving buying, selling, and managing property. With the rise of digital tools, online real estate courses provide practical knowledge in property valuation, investment strategies, and market analysis. These courses help individuals gain expertise in real estate, preparing them for success in a competitive market. Scro;ll your screen down to understand more about this topic. 

What is Real Estate?

Real Estate refers to tangible property in the form of land, buildings, roads, structures, public utility, etc. As an industry, it encompasses buying, selling, developing, appraisal, marketing, leasing, and managing residential, commercial, industrial and agricultural properties. There are four types of real estate.

• Residential: Houses, duplexes, triple-deckers, quadplexes, apartments, townhouses, high-value homes, multi-generational and vacation homes. 
• Commercial: Shopping malls, commercial complexes, hotels, hospitals, schools & educational institutions, public recreation parks, etc.
• Industrial: Factories, warehouses, storage, research centres, etc.
• Land: Vacant land, agricultural land, ranches, semi-developed, underdeveloped land, etc.

Why is Real Estate a good career option?

Real Estate is one of the fastest-growing industries in India. It is estimated that 2025 the industry will require 66 million core specialists. The industry offers various specialized and non-specialized jobs, including Engineer, Architect, Interior Decorator, Consultant, Broker, Real Estate Agent, Marketing Manager, Sales Manager, Real Estate Manager, Loan Consultant, Investor and Real Estate Lawyer. 

This industry also boasts of career opportunities at various levels. It has jobs for freshers looking to build a real estate career, mid-career professionals keen on upgrading skills, and employees aspiring to be entrepreneurs. 

Real Estate is considered one of the more stable industries because there will always be demand for individual houses and office spaces. 

Who should opt for a Career in Real Estate?

Real Estate is a vast field with opportunities galore. However, one must be doubly sure before venturing into this sector, as most job profiles are highly demanding and stressful. One needs to have full knowledge of not only the industry but also the economy at large. Strong marketing and interpersonal skills are necessary as a lot of convincing is required at every level. Honesty and objectivity are the most essential traits required in this field, as much money is invested in real estate properties. You have to be true to your client as they spend their lifetime savings buying their dream house. Listed below are some of the behavioural traits essential for a career in real estate:

1. Communication skills
2. Marketing skills
3. Analytical skills
4. Decision making skills
5. Organizational skills
6. Negotiation skills 
7. Patience and Tactfulness
8. Industry knowledge
9. Objectivity and Truthfulness

Apart from engineering, architecture, interior decorating, and other specialized profiles, one can choose from a range of non-specialized profiles in real estate to establish a career. Some of the popular careers in Real Estate are listed below:

Real Estate Investor: Entrepreneurs and enterprises that buy and sell property are Real Estate Investors. This type of work requires extensive real estate knowledge, experience a, and business acumen.

Real Estate Agent: A real estate agent helps people buy and sell their property. He acts as an intermediary between the buyer and the seller. There are two types of Real Estate Agents – Residential Real Estate Agents and Commercial Real Estate Broker: Real Estate Broker is the one for whom Real Estate Agents work. The Real Estate Agents work for broking firms. One can also become an independent Real Estate Broker.

Real Estate Developer: This career refers to the profession of buying land and building property over it for sale. Real Estate Developer is responsible for planning, coordinating and financing construction of buildings.

Real Estate Wholesaler: This career refers to finding a distressed seller, motivating the seller to sell the property, renovating the property, assessing the renovation value (ARV) and selling it to a new buyer. 

Property Manager: Property Manager refers to an individual who the property owner hires to look after the financial and physical well-being of the property. They also have to liaise with the property tenants.  

Real Estate Attorney: Lawyers who specialize in property disputes are hired by real estate firms to take care of the legal aspects of deals and property owned by them.

Home Inspector: The Home Inspector’s job is to inspect the property for any defects or issues that will cause problems for the buyer, tenant or agents.

Real Estate Appraiser: An appraiser is the person who determines the value of commercial or residential property based on its location, facilities, etc., and compares it to similar properties. 

Leasing Agent: As a Leasing Agent, one has to find tenants for real estate firms to lease their property. This requires a high level of communication skills since one has to convince both the owner and tenant for the deal.

Real Estate Assistant: Administrative support for agents and brokers is called Real Estate Assistants. Typically, their job includes filing documents, answering emails and phone calls, and posting property listings.

Real Estate Marketing Specialist: A Real Estate Marketing Specialist is an individual who executes marketing duties for real estate firms, agents and brokers. 

Real Estate Consultant: Consultants who advise real estate investors or property buyers. They offer consultation based on their knowledge of trends in the real estate industry and predictions for the future. 

Real Estate Loan Officer: A real estate loan officer helps clients obtain a property loan. In India, most of the banks provide this service through loan officers.

Mortgage Broker: A mortgage broker is the intermediary between the money-lender and the borrower. He analyzes mortgage loan products and advises customers on loan availability, qualification requirements, interest rates, and other terms and conditions.

How to choose the right Real Estate Management course?

You can pursue a Real Estate course full-time or part-time/online, depending on your choice and career level. If you are a fresh graduate looking to start a career in real estate, then you must take Real Estate Management courses (MBA/PGDM). If you are already working in this sector and want to enhance your skills, you can opt for short-term online courses that real estate institutions offer. Whichever course you choose, the following are the factors you must assess beforehand. 

1. Degree recognition
2. Location of the college
3. Mode of study
4. Course curriculum and delivery
5. Fees and financial aid
6. College infrastructure
7. Job placement
8. International immersion program