### Overview:
Real estate involves buying, selling, leasing, and managing properties such as land, buildings, and developments. Careers in real estate encompass various aspects, including development, investment, brokerage, property management, and finance.
### Information:
**Product Groups:**
1. **Development**: Involves acquiring land, obtaining permits, and overseeing the construction of residential, commercial, or mixed-use properties.
2. **Investment**: Focuses on acquiring, managing, and selling real estate assets to generate returns for investors.
3. **Brokerage**: Facilitates transactions between buyers and sellers of real estate properties, earning commissions on successful deals.
4. **Property Management**: Manages and maintains real estate properties on behalf of owners, handling tenant relations, maintenance, and financial management.
**Industry Groups:**
– Residential Real Estate
– Commercial Real Estate (Office, Retail, Industrial)
– Hospitality (Hotels, Resorts)
– Healthcare Real Estate
– Real Estate Investment Trusts (REITs)
– Real Estate Development Companies
**Prerequisites:**
– Bachelor’s degree in real estate, finance, business, economics, or related fields.
– Strong understanding of finance, economics, and market trends.
– Internships or work experience in real estate or related fields can be advantageous.
**Exit Opportunities:**
– Real Estate Development
– Real Estate Investment Management
– Asset Management
– Property Management
– Brokerage
**Top Firms:**
1. CBRE Group, Inc.
2. JLL (Jones Lang LaSalle)
3. Cushman & Wakefield
4. Colliers International
5. Marcus & Millichap
**Recruitment Timeline:**
– Real estate firms typically recruit for undergraduate summer internships during the fall semester of the previous year.
**Compensation Ranges:**
– Summer Internship: $15 – $30 per hour
– Full-time Analyst/Associate: $50,000 – $80,000 base salary, with potential bonuses and commissions.
