Which job makes the most money in real estate?
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title reps, escrow officers, Loan Officers, or realtors?
also what is required icense or education wise to become one?
Which job makes the most money in real estate?This is a great question!!
I'd guess if you are looking for the consistent good income it would be the escrow officer.
Now for the past 5 or so years it's been the loan officers (mortgage brokers) because of the re-fi rush, but that is already drying up and over the next 2 years will fall way off the past pace. During the big run up of property values real estate agents/brokers did quite well.
But during the whole time, regardless of market conditions good escrow officers are making around six figures a year. Now I don't mean your average $30K a month desk escrow officer, but a good one doing between $1M-$2M in consistent business a year in mostly real estate agent/broker resales.
By the way title reps aren't in the running.
But the real bottom line is how you are wired. Highly organized, super attention to detail, anal about everything - chose the escrow officer. People person, some sales ability, some rudimentary math skills - go for Realtor.
A little more hardcore sales, persistent, aggressiveness and strong math skills - loan officer.
The last little bit of insight I have to offer - if you are doing it just for the money, it won't be much fun for long and you probably won't last. Chose what you like to do, do it well and the money will follow.
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