Career Analysis of a Real Estate Enterpreneur Essay

Career Analysis of a Real Estate Enterpreneur - Essay Example Their impact lives on for generations. A real estate entrepreneur, also known as a real estate investor, is a person actively or passively involved in real estate. Real estate refers to property that consists of land together with the housing and natural resources found on it. Thus, in business, real estate is a profession that deals with sales and purchase, or renting of land, housing or buildings. An active investor may buy or make improvements on property to be sold at a later date for profit. On the other hand, a passive investor does the work of an active investor indirectly. In their case, they hire firms to buy and manage property on their behalf. Career Path Real estate is an occupation to be considered by people with a balance of industry knowledge and entrepreneurial acumen. Even though getting a job as a real estate entrepreneur may not be difficult, beginning workers face a lot of competition from seasoned and well established entrepreneurs in the field. Organizations hav e taken the liberty to chart out the path of a real estate investment. This is done in stages of training. In each stage, an employee undergoes training. Upon their success, they rise up the ranks. For instance, Keller Williams Realty has seven levels of training (Keller Williams Realty, 2012). These levels include career launch, success series and boot camps. A summary of these levels is as shown below. Trends Real estate markets have a great impact on the economy. A healthy real estate market has been known to positively drive the economy. A good example is China. According to Barboza (2010), in 2003 to 2010 period, real estate prices in Shanghai increased by over 150%. Construction of property has continued despite the threat of credit crunch. The government has benefited from this rise in prices as GDP has increased from 2% (2000) to 6% (2011) due to residential housing investment. The 2008 global recession had an adverse effect on real estate industry. Sad though, the reverse i s also true. Economies have declined as a result of an unproductive real estate industry. In America, there was a decline of people being hired into the sector. However, this changed shortly after. Between January 2011 and January 2012, there was a 20% increase in job advertisements (Lombardi, 2012). Hiring Demands in the Real Estate Industry – 4 Year Hiring Trend Source: WANTED Analytics Technology is a significant aspect to the growing change in career trends. For part time real estate entrepreneurs, the increasing use of technology may work to their detriment in comparison to full time entrepreneurs who invest in technology. The same technology does have a positive impact. It has increased the productivity of real estate investors. It has widened the market base since they are able to access their customers and do research on various property using the internet. The internet is particularly resourceful because of the pool of information it contains. The perception of real estate as a worthwhile investment and low interest rates continue to stimulate real estate sales. This creates demand for real estate entrepreneurs. One may, therefore, choose real estate investment as a career path. The legal front also plays a vital role in determining trends in real estate. Real estate entrepreneurs need to meet certain legal requirements and adhere to certain legal conditions. Changes in legal requirements, like the disclosure laws, may discourage some who are not serious or are not abreast with such