Description
Plan, direct, or coordinate the selling, buying, leasing, or governance activities of commercial, industrial, or residential real estate properties. Includes managers of homeowner and condominium associations, rented or leased housing units, buildings, or land (including rights-of-way).
Interests
- Enterprising
- Conventional
Work Values
- Independence
- Achievement
- Working Conditions
Work Styles
- Integrity
- Dependability
- Attention to Detail
- Stress Tolerance
- Initiative
Tasks
- Prepare detailed budgets and financial reports for properties.
- Manage and oversee operations, maintenance, administration, and improvement of commercial, industrial, or residential properties.
- Plan, schedule, and coordinate general maintenance, major repairs, and remodeling or construction projects for commercial or residential properties.
- Direct collection of monthly assessments, rental fees, and deposits and payment of insurance premiums, mortgage, taxes, and incurred operating expenses.
- Meet with clients to negotiate management and service contracts, determine priorities, and discuss the financial and operational status of properties.
Work Activities
- Making Decisions and Solving Problems
- Getting Information
- Communicating with Supervisors, Peers, or Subordinates
- Working with Computers
- Coordinating the Work and Activities of Others
Detailed Work Activities
- Analyzing information and evaluating results to choose the best solution and solve problems.
- Observing, receiving, and otherwise obtaining information from all relevant sources.
- Providing information to supervisors, co-workers, and subordinates by telephone, in written form, e-mail, or in person.
- Using computers and computer systems (including hardware and software) to program, write software, set up functions, enter data, or process information.
- Getting members of a group to work together to accomplish tasks.
- Developing constructive and cooperative working relationships with others, and maintaining them over time.
- Communicating with people outside the organization, representing the organization to customers, the public, government, and other external sources. This information can be exchanged in person, in writing, or by telephone or e-mail.
- Handling complaints, settling disputes, and resolving grievances and conflicts, or otherwise negotiating with others.
- Developing specific goals and plans to prioritize, organize, and accomplish your work.
- Encouraging and building mutual trust, respect, and cooperation among team members.
Technology Skills
- Data base user interface and query software
- Word processing software
- Accounting software
- Web page creation and editing software
- Access software
Abilities
- Oral Comprehension
- Oral Expression
- Written Comprehension
- Written Expression
- Inductive Reasoning
Skills
- Speaking
- Reading Comprehension
- Active Listening
- Coordination
- Writing
Knowledge
- Customer and Personal Service
- Administration and Management
- Economics and Accounting
- English Language
- Law and Government
Most Common Education Level
The “Most Common Education Level” refers to the level of education held by the majority of workers in a given occupation. For example, if the highest percentage of workers in a role have an Associate’s Degree, that suggests this is the typical educational requirement. Knowing this helps you plan how many years of education you may need to pursue that career.
Certificates
Certificate name
Certified Property ManagerCertifying Organization
Institute of Real Estate Management
Type
Advanced
Certificate name
Certified Development, Design & Construction ProfessionalCertifying Organization
International Council of Shopping Centers
Type
Advanced
Certificate name
Certified Graduate RemodelerCertifying Organization
National Association of Home Builders
Type
Advanced
Certificate name
Commercial & Contract Management Certification ProgramCertifying Organization
World Commerce & Contracting
Type
Core
Certificate name
Certified Manager of Community AssociationsCertifying Organization
Community Association Managers International Certification Board
Type
Advanced
Income Percentile
The income percentiles show how earnings are distributed within a profession. The 10th percentile means that 10% of workers earned less than that amount. The median (50th percentile) indicates that half of workers earned more, and half earned less. The 90th percentile reflects what the top 10% of earners in the field make.
| Income Percentile | Annual Income |
|---|---|
| Low (10%) | $52,370 |
| Median (50%) | $67,755 |
| High (90%) | $102,768 |
Income by Experience
This table shows how income typically grows with experience—from entry level (0–2 years), to mid-level (3–5 years), to senior level (6–8 years), to expert level (8+ years).
| Experience | Income |
|---|---|
Entry Level  | $64,105 |
| Mid Level | $83,344 |
| Senior Level | $99,659 |
| Expert Level | $172,256 |
Employability
There are currently 467,100 jobs in this career path. Over the next 10 years, that number is expected to increase to 482,200 positions, reflecting a projected growth of 3%.
The Projected Job Growth figure refers to the expected increase or decrease in employment within a specific career field over a certain period of time.
Projected Job Growth of 3%
Related Careers
The career information and data on this site incorporates information from O*NET Web Services, Lightcast, CareerOneStop, and the U.S. Bureau of Labor Statistics (BLS). For more details regarding the data sources and the specific information sourced, click here.
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