Vault Guide to Real Estate Careers (Vault Career Guide to Real Estate) (Paperback)

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Editorial Reviews

Product Description

This Vault guide provides a detailed explanation of real estate careers, including brokerage, property management, asset advisors, corporate real estate, mortgage bankers, investors and developers.

Product Details

• Paperback: 128 pages
• Publisher: Vault, Inc. (November 25, 2003)
• Language: English
• ISBN-10: 1581311745
• ISBN-13: 978-1581311747
• Product Dimensions: 8.8 x 6 x 0.1 inches
• Shipping Weight: 4.8 ounces (View shipping rates and policies)
• Average Customer Review: 2.0 out of 5 stars  See all reviews (1 customer review)
• Amazon.com Sales Rank: #1,162,735 in Books (See Bestsellers in Books)

Customer Reviews

Most Helpful Customer Reviews

7 of 7 people found the following review helpful:

2.0 out of 5 stars Broad overview, poor on detail- a true newbie's book, December 31, 2004

By	Edward D. Lightman "T.L." (Florida) - See all my reviews (REAL NAME)

Anyone seeking to enter the world of commercial real estate will likely not benefit much from the Vault Guide to Real Estate. The information it contains is largely an overview and description of the culture of the industry. In my own research, I strongly believe (having been through the process of finding a commercial real estate job) that most of this information can be gleaned from a one hour conversation with almost anyone in the business. If you are extremely new to the field (i.e. know almost nothing about it) then this book could prove helpful.

Unlike the Vault financial guides, this resource does not go into the basic real estate terms and calculations that almost everyone in the field should know (NOI, Capitalization Rates, Competitive Analysis, RE loan terms, vacancy calculations, lease analysis, operating expense ratios, property valuation, etc.). In fact, I would recommend the Vault finance guides over this text, even for real estate- you will be better prepared for your interviews.

Anyone serious about the field will need to learn the numbers from another resource, possibly a CCIM course, "Real Estate Finance and Investments" or "The Real Estate Game". Again, the Vault book gives a a nice "soft" overview of the industry, but lacks the detailed substance necessary to understand how the real estate business works from a practitioner's standpoint.

To be fair, the book has some good suggestions on how to get a foot in the door in the business, etc. Nonetheless, you will not (by a long shot) be prepared for a real estate interview by reading this book alone. For an easy and fast introduction to the field it's a decent start.