Do you want to work in real estate but aren’t interested in becoming a licensed realtor? The real estate market in North Carolina is booming, with increasing average and median home prices. As people continue moving in and out of the state, real estate will continue to be a stable career choice. Here are a few careers to consider in real estate that aren’t a realtor.
1- Loan Officer
A loan officer works with buyers to obtain funding for a home. Loan officers need to be licensed in the state where they work, allowing them to provide buyers with useful resources when buying a home. Many loan officers work closely with real estate agents to maintain a steady business.
A loan officer may screen applicants, complete background checks, work with buyers to collect more information, and write pre-approvals or mortgages. The great thing about being a loan officer is that you can also seek licensure in other states, which allows you to work with buyers all over the United States. Some loan officers may also specialize specifically in commercial buyers, which often have stricter lending requirements and higher average loan amounts.
2- Real Estate Appraiser
A real estate appraiser uses background and knowledge of the local market to assess and list property values. A license is also a requirement to work as a real estate appraiser in most states, including North Carolina. The real estate appraiser may work for the seller, helping them set a price for their home, which is often listed as a range based on similarly sold homes. Accurate pricing helps the buyer understand their home’s value, which can help them sell faster.
They may also work with the lender to help them decide whether a buyer’s intended property is worth the asking price. The typical daily responsibilities of an appraiser include reviewing properties and completing competitive analyses. Most real estate appraisers begin work as an apprentice, meaning they work with an experienced appraiser until they learn the ins and outs of the local market.
3- Property Manager
Property managers manage rentals on behalf of the property owners. They may help screen clients and collect rent. In some cases, the property manager is also responsible for scheduling repairs when necessary and showing properties to potential tenants. Property managers often need a real estate license, including in the state of North Carolina.
While you can work at a property management company without a license, you cannot lease or rent properties without one. Many property managers may begin working as an assistant or leasing agent before later deciding if they want to work towards their North Carolina real estate salesperson license.
4- General Contractor
Homes often need repairs or renovations before selling. Even buyers will hire general contractors after closing to remodel the home to their preferences. General contractors must be licensed in North Carolina, which typically requires at least two years of experience plus the successful completion of the state licensing exam.
Aspiring general contractors should ensure they meet all requirements and sign up for a licensing class before applying for the exam. A professional class can help you prepare for the NC general contractor license test with mock exams and educational materials.
Unlike specialty contractors, a general contractor works on generalized projects. They may work on residential or commercial projects that involve plumbing, electrical, or framing. Some general contractors may also be involved in roofing work. One of the biggest benefits of working as a general contractor is that you can expect a diverse work environment with no two days the same.
5- Property Inspector
A property inspector evaluates homes to determine their condition. The property inspector may work for the seller before listing the home so they know what repairs to make. An inspector may also work for the buyer, so they know the home’s condition they’re considering buying. A home buyer can use this information to make negotiations or request that the seller make repairs.
Becoming a property inspector requires coursework, field training, and completing a licensing exam. Property inspectors typically enjoy good work-life balance and control of their schedules.
Working in real estate in North Carolina can lead to good job security and a competitive salary. You don’t necessarily have to become a licensed real estate agent to work in the real estate industry, either. Many other professionals, including appraisers, property managers, and general contractors, are also an important part of the real estate industry in North Carolina and beyond.