5. REAL ESTATE SPECIALIZATIONS
In the real estate field there are many different types of specializations you can qualify for. Not everyone is qualified to do every job; this way no one person or company can control every aspect of real estate.
Brokerage What most people know as real estate agents. These companies specialize in bringing people together when they want to make real estate transactions. The office is run by a broker and the broker usually has several salespersons who can conduct business on their behalf.
Appraisal Specialize in estimating a property's market value using different methods of valuation and their judgment.
Property management Maintain property on behalf of the owner.
Financing Specialize in providing the funds required to purchase real estate.
Development and subdivision Developers construct new properties while sub-dividers split existing property into smaller pieces.
Home Inspection Conduct visual inspections of properties for homeowners and financial institutions to ensure the property is sound.
There are many books and websites where you can get more information about the different real estate specializations available. Each specialization requires hours of study and experience. There is a test required to be certified in any of the real estate specializations to ensure the professional is capable of doing their job properly.
