Real Estate Analyst

Real Estate Analysts are responsible for evaluating and analyzing real estate markets and properties, helping real estate investors, developers, and lenders make informed decisions about their investments or loans. They study the demographics of an area, the housing market, and economic trends to stay on top of fluctuations in real estate values. In addition to collecting data, Real Estate Analysts also use their knowledge to understand how influencing factors such as population growth, interest rates, and government regulations may affect the profitability of a given real estate investment or loan.

What does a Real Estate Analyst do?

On a daily basis, Real Estate Analysts perform several key tasks to ensure they have a comprehensive understanding of the real estate markets and properties they are working with. Responsibilities may include, but are not limited to, the following:

• Conducting research on economic trends and real estate market conditions
• Analyzing real estate data and using it to predict market changes
• Developing financial models used to assess the viability of real estate investments
• Appraising real estate properties
• Preparing written reports on their findings and presenting their recommendations to clients

How to become a Real Estate Analyst

There are several different pathways to becoming a Real Estate Analyst. The most common path is to earn a college degree in finance, economics, or real estate. During this time, students begin building a well-rounded skillset in accounting principles, financial modeling, and real estate fundamentals. Courses such as Commercial Property Contracts and Financial Modelling or Portfolio Management - Theory & Practice (Part 1) develop some of the foundational knowledge that students will continue using and building on throughout their career.

In addition to a degree, there are several certifications that will demonstrate that a candidate has the skills employers are looking for. The most popular certification is the Certified Commercial Investment Member (CCIM) from the CCIM Institute. To earn this certification, the candidate must pass a four-course curriculum, demonstrate experience in the field, having closed or participated in at least two investment properties, and have letters of recommendation.

What are the prospects for career growth?

With the right experience and skills, Real Estate Analysts can move into more senior roles, such as Senior Real Estate Analyst or Real Estate Investment Manager. With enough experience and leadership skills, some Real Estate Analysts also go on to start their own investment funds.

Is this career a good fit for me?

Real Estate Analysts should have strong analytical and problem-solving skills. They also need to have excellent communication and interpersonal skills, as they must be able to communicate complex financial information to clients. Additionally, Real Estate Analysts must be able to work independently and as part of a team.

Online courses to prepare for a Real Estate Analyst role

There are many ways to study to enter into a role as a Real Estate Analyst. One way is to take online courses on various platforms such as Coursera, edX, and Udemy. These platforms allow students to enroll in courses from anywhere and at any time, making them the perfect option for busy professionals or students. Some courses that can help you prepare for this career are:

• Intro to Analyzing Rental Income Properties
• Commercial Property Contracts and Financial Modelling
• Deep Learning for Real Estate Price Prediction
• The Real Estate Financial Modeling Interview Exam Guide
• Reporting Use of Firm Resources and Taxation

It's important to keep in mind that while online courses can be a valuable learning tool, they may not be enough to gain entry into this career on their own. Earning a college degree in a relevant field and networking with people in the industry are additional important steps that those looking to enter this career should take.