Owner, Real Estate Office/Firm Salary
An Owner, Real Estate Office/Firm earns an average salary of $77,000 per year.
Job Description for Owner, Real Estate Office/Firm
Owners of real estate firms and offices are responsible for coordinating real estate activities, reviewing contracts, and managing real estate staff, as well as completing paperwork and finding innovative ways to increase company revenue. They also hire and provide specific training to new personnel and may direct efforts to bring new clients and referrals to the organization.Read More...
Real estate office/firm owners typically work in an office environment and use a personal computer to write reports, organize contracts, and run calculations using office programs. They must be familiar with all real estate regulations and follow strict guidelines when signing legal binding documents, and they are responsible for developing strategies to increase business opportunities and creating specific schedules and compensation programs for staff.
These owners may assist with logistics, payroll, and marketing, oversee legal matters, and provide the final decision in every business agreement, and they also contact government agencies for approval notices and to facilitate contract requirements. They must always stay up-to-date with real estate laws in the area and find new opportunities to capitalize or buy or sell properties in different markets. They also work closely with appraisers, corporate development managers, and legal representatives ensure that all agreements follow local and state laws regarding the sale and acquisition of real estate offerings.
A bachelor's degree in real estate management, business administration, or a related field and prior experience in real estate are generally required for this position, and leadership and real estate certifications are also beneficial.
Owner, Real Estate Office/Firm Tasks
- Ensure compliance with licensing, taxation, and insurance regulations and completion of required paperwork.
- Oversee acquisition of real estate and communication with buyers.
- Hire, train, and supervise firm employee team.
- Develop and execute the firm's business and marketing plans and manage real estate finances.
Pay by Experience Level for Owner, Real Estate Office/Firm
Pay by Experience for an Owner, Real Estate Office/Firm has a positive trend. An entry-level Owner, Real Estate Office/Firm with less than 5 years of experience can expect to earn an average total compensation of $75,000 based on 16 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. An Owner, Real Estate Office/Firm with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $68,000 based on 17 salaries. An experienced Owner, Real Estate Office/Firm which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $76,000 based on 8 salaries. An Owner, Real Estate Office/Firm with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $101,000 based on 11 salaries.
Key Stats for Owner, Real Estate Office/Firm
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