Real estate internships can be paid, unpaid, or for college credit. They offer hands-on experience in various industry career paths, but it’s important to select an internship that aligns with your career or life experiences. Unpaid internships tend to offer desk work, while paid internships offer a more comprehensive look at the industry. College credit internships are also available.
The real estate sector consists of selling and buying properties such as buildings, facilities and land. Real estate can be a lucrative business venture for anyone who has strong qualitative and quantitative research skills. Individuals interested in the industry often start with internships in real estate. Most real estate internships are paid or unpaid, run on a voluntary basis, or are designed to offer college credit to those with relevant degrees. Finally, internships can help optimize an intern’s career in real estate.
It is important to select an internship that aligns with your career or life experiences. If the prospective intern is currently working on a mortgage, working under the supervision of a mortgage agent may be a viable option. This is just one example – the prospective intern should work closely with their guidance counselor or school counselor when selecting relevant real estate internships.
Unpaid internships – or volunteer work – at a real estate company often consist of desk and desk work. These types of internships tend not to offer a comprehensive look at the analytics behind the real estate industry, but are options for those with limited work or college experience. Most unpaid real estate internships offer flexible hours that will require the intern to work on more relaxed business endeavors such as email, telecommunications or contacting companies. Due to the nature of these types of internships, most interns may not have the opportunity to start their real estate careers on volunteer-based internships.
Paid real estate internships tend to offer a more comprehensive and hands-on look at the industry, especially when juxtaposed with unpaid internships. Depending on the real estate company, an intern will usually be able to work closely as an assistant in various industry career paths. An intern may be able to work closely with consumer requests with a real estate agent, assemble transactions for an escrow agent, or help connect a real estate loan agent to potential clients.
Real estate internships that offer college credit will allow current students to earn credit toward their degrees and gain valuable work experience. These types of internships are often offered at college fairs and career development events. Students interested in finding out about these types of internships in real estate should contact their advisers or advisors.
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