Real Estate Internship: Job Description
A career in real estate can be both very challenging and very rewarding. The business is booming and the market is not showing any sign that it will stop growing anytime soon. However, buying a house could be the biggest money investment that many people will ever make in their life. Because of that, the process can be complicated and difficult. It will be the people working in real estate that will help them go through that process with as much ease as possible. Before you take part in a real estate internship, take a look at some job description below!
Property Manager
People who have property investments do not necessarily run or maintain it themselves. Many of them hire a property manager to do that. A property manager looks after a property to make sure it is up to standard and deal with its day-to-day operation. The property can range from a single house to a high-end luxury apartment. Devising a good marketing strategy to fill up vacancies and setting up renting prices also fall under a property manager obligation. They ensure the satisfaction of the owner by bringing in profit and the tenants by maintaining and upgrading the facility. Possible job description for a real estate internship in this field might look like this:
- Interact directly with tenants and open a communication channel to build a good lasting relationship
- Inspect the property grounds and order a repair for any parts that has fallen below standards
- Make sure all rents are collected on time
- Supervise other employees such as security guards, housekeeper, etc.
Real Estate Agent
Dealing directly with the process of buying, selling, and renting a property is the job of a real estate agent. An agent works closely with their clients to find the property they want within the established budget. Additionally, they also help a seller navigate through the complex property market. An agent leads a busy life. They can work on the holidays or at night time so that they can accommodate their client time. Their work also includes scheduling an open house to attract potential customer and to promote themselves. But nothing brings more satisfaction to an agent when they manage to close a deal after days of hard work. Possible job description for a real estate internship in this field might look like this:
- Assist clients on their property transaction
- Put up advertisements to attract customers
- Consult with an appraiser to set up a reasonable selling price
- Research market trends
Home Inspector
Utilizing their knowledge in construction, home inspectors assess houses to search for problems in structural integrity or defect of any kind in the plumbing, electricity, etc. A lot of the work will most likely come from potential buyers who want to make sure that the house they’re about to buy is safe and in top-notch condition. Although, an agent might use a house inspector service to repair any defect and set the selling price based on the result of the inspection. In other cases, an inspector can also examine newly constructed house to ensure that it is adhering to safety regulations. Possible job description for a real estate internship in this field might look like this:
- Check for any problems and suggest improvements when needed
- Ensure nothing violates the safety regulation code
- Record any findings by writing, recording, and photographs
- Provide customer service
Loan Underwriter
Buying a property requires a huge amount of money. Because of that, most people would need a loan to be able to purchase it. It is a loan underwriter job to assess the financial detail of those people and determine whether they are accepted for taking out a loan or not. They analyze credit record, income sources, current debts, and payment history. The result of their research will determine whether the applicant is going to be able to pay the loan back or not, which will lead to the granting or rejection of the loan. Possible job description for a real estate internship in this field might look like this:
· Assist the clients by explaining the type of loans and the requirements
· Review and analyze all of the applicant’s documents
· Calculate the risk of giving out loan
· Consult with upper management in determining the final decision
The opportunity available in this field is endless. Taking an internship in real estate will surely give you the experience you need and the understanding of the many aspects that make someone successful in this field. If you are interested in a real estate internship, we can help you secure a position. Just contact us!