By Thomas Fitch
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Extra resources for Career Opportunities in Real Estate
Membership in the Counselors of Real Estate is by invitation only, and is awarded to real estate professionals with at least 10 years’ experience in real estate counseling or consulting. Experience, Skills, and Personality Traits Employers usually look for analysts who have at least two to five years’ experience in commercial real estate. Candidates with less experience may qualify if they have a high grade point average in relevant college courses. Real Estate Advisory Analysts should have strong analytical and effective communication skills.
Real estate advisors are the experts others turn to when they want answers to a wide range of real estate questions. Counselors must know every phase of the real estate business because they use that knowledge in nearly every consultation. Often they will be asked about income opportunities and productive uses of different kinds of properties. Advisors work for development firms, financial and business consulting firms, and real estate consulting firms. Services offered vary depending on consulting activities of individual firms.
Employment Prospects Qualified financial analysts are always in demand. Analysts who can grasp the differences between market sub-sectors (shopping centers or office markets, for example) are more important than ever in commercial real estate. Opportunities for real estate analysts with some experience analyzing real estate investment opportunities are expected to remain strong over the next five to 10 years. Some job opportunities for entry-level staffing come about through staffing turnover. More applicants are interested in the development and leasing side of the business than in a supporting role as a back-office numbers cruncher.