With the recession in full swing and the economy slowly improving, real estate lawyers are making some inroads into the job market.
But they say the new job is not exactly the same as the old one, and they are finding it challenging to retain clients and keep up with technology changes.
And while real estate agents say they are increasingly seeing an influx of applicants for the position, some are calling the process a bit too much.
“I’m starting to feel like I’m working for a startup,” said Julie Eichler, a real estate attorney in Honolulu who is in her first year in the job.
“There’s a lot of new tech things, so there are new people who are new to real estate and they’re new to the industry, so they need to be aware of what they are getting into.”
She said she is often approached by people who say they want to take the job but don’t know how to start.
“The way I would go about it is, I’d get a call from a recruiter, and if they said, ‘What is your resume and what is your current salary?’
I’d say, ‘I have no idea,’ and they’d say I’ve got a good resume, and I’d send it back to them with my resume,” Eichlers said.
“It’s a new job, and it’s a good job.
But I’m starting in a really strange way.
You can’t just go, ‘Oh, I’m a realtor,’ because the realtor thing is an old job.”
Eichlers’ experience as a real-estate agent is part of a growing trend of hiring out of college and into real estate.
“We’re all hiring from college,” said Lisa O’Neill, the managing director of the real estate industry consulting firm Zillow, which has about 2,500 real estate professionals.
“This is the new normal for real estate.”
In some cases, the new jobs are being filled by people just getting into the field or by people looking to make a name for themselves.
In many cases, though, the hiring is driven by students who are looking for a better paying real estate career path.
That’s what happened with a graduate of Harvard Business School who was looking for work in the Bay Area but didn’t know where to start, according to O’Donnell.
She decided to take a look at the field and found the recruiter at the real-tor directory who was recruiting people.
“They were hiring from home, and she said, we’re hiring from Harvard Business,” O’Neil said.
The recruiter took her to an online class on the industry and showed her how to apply for the job and how to get a resume.
That class gave her a sense of how much real estate training is required, and that she would have to be able to do all the things that a realtors do, including work closely with realtores and have some real estate experience.
“She said, I think you need a bachelor’s degree and some real-world experience,” OAner said.
And after taking the course, O’Neal said she was hired after two months.
The job is typically filled by graduates of graduate school or by students in their first year of college who have some experience in real estate business.
The most recent numbers show that in 2016, there were 4,622 real estate licensed agents in the U.S., a 15 percent increase from the previous year, according the Real Estate Institute of America.
“You can’t say that this is going to replace all the work that realtORS do, but it certainly makes the job a little more attractive,” said Chris D’Arcy, the former head of the U of I Real Estate Board of Trustees, who now works for a brokerage firm.
He said the new real-tors are more likely to have college degrees and have at least one year of real estate licensing experience, and he believes that this will attract a younger client base and also bring in more talent for the company.
He says this hiring boom is helping to diversify the industry.
“If you look at what’s happening now, there are lots of young people coming into the industry,” he said.
A number of the new hires have worked in a variety of fields, from real estate to real-time marketing.
“In real estate for the last decade, we’ve had a bunch of graduates,” said O’Meara.
“Now it’s more of a diversified portfolio, and you have to have experience working with real estate businesses.”
D’Amore says the new recruiters are also bringing in more money for the realtored firm.
“One of the biggest reasons why the realty business is so big is because of the students who go to the real property school and then they have a couple of years