Today more than 5 million people are working in various parts of the real estate industry in the United States. Real estate has many wide-ranging careers associated with it, both directly and indirectly. Many real estate jobs require licensing—such as a real estate license—continuing education, or other certifications or degrees. Below we outline some of the different types of real estate jobs available today, as well as the typical real estate salary or income associated with each.
Types of real estate careers available
Real estate careers can be associated with the financial side of the industry by way of a mortgage brokerage, loan processing, underwriting, credit analysis, foreclosure management, loan funding, and investment. There are also many essential and high-paying jobs available on the title insurance, appraisal, escrow, property management, and legal sides of the business, in addition to residential and commercial brokerage sales.
10 real estate jobs and their salaries
Let’s take a look at the salary or income opportunity for 10 different real estate jobs available in South Carolina. In this context, the term “salary” might also embrace commissions and bonuses. The usual range, unless otherwise noted, includes salaries from the 25th to 75th percentiles:
- Appraiser (residential): The median annual salary in South Carolina is $50,334 with a salary range usually between $41,480 and $58,161.
- Appraiser (commercial): The median annual salary for an appraiser who works in the commercial sector in South Carolina is $93,906 with a range usually between $80,767 and $107,723.
- Commercial leasing manager: The median annual salary is $105,117 with a range usually between $79,423 and $146,383.
- Commercial real estate broker: The average annual salary in South Carolina is $67,353. Annual incomes in this field can vary dramatically, going as high as several million dollars per year, depending on the annual closings. Typical pay usually falls between $61,750 and $74,345.
- Commercial real estate loan officer: The median annual salary nationally for an entry-level loan officer is $74,130 with a salary range between $64,090 and $85,490. A senior loan officer’s median salary is $94,340. The sale of just one multi-million-dollar commercial property per year can generate over $63,000 in commission income alone.
- Community development manager: The median annual salary range is $104,949 with a range typically between $90,563 and $121,163.
- Compliance specialist: The median annual salary for an entry-level compliance specialist in South Carolina is $55,082 with the standard range between $49,158 and $62,809.
- Property manager: The median annual salary is $91,465; the standard range is $79,402 to $105,234.
- Real estate sales agent: The average annual income for a real estate agent in South Carolina is $39,125. However, salaries tend to go up dramatically with years of experience, number of hours worked per week, and designation with top earners making well over the $130,000 mark.
- Real estate managing broker: The median income is reported as $138,649 each year, with the standard range between $121,509 and $153,751.
Interested in one or more of these careers? Our South Carolina real estate learning packages range from the required pre-licensing course to everything you need for a strong start in your real estate career.
*Sources include salary.com, payscale.com, monster.com, and the National Association of REALTORS (NAR).