Real estate is a large, dynamic industry involving several other trades, including law, finance, marketing, insurance, and more. Real estate is the sale of land and any improvements on the land, such as a home. This industry is the bedrock of a healthy economy, which depends on promoting home and land ownership. New agents are licensed every day, and yet only a small portion of them succeed past two years in the business. An international real estate internship can give future agents a huge edge when entering the professional arena. Experience with an established company and familiarity with diverse markets are both highly desirable traits when it comes time to choose your brokerage.
Why Intern Abroad in Real Estate
To succeed in real estate takes experience. Interning abroad in real estate gives budding professionals hands-on experience with property values in unfamiliar markets, a chance to work for incredible leaders in the industry, and the opportunity to improve networking skills. The importance of networking in real estate cannot be emphasized enough; you must be able to create trusting relationships with an extensive network of buyers, sellers, lenders, builders, and other agents.
International real estate internships can also expose you to the various sides of the business, including property management and leasing, construction, negotiating, the mortgage process, real estate law, investment portfolios, marketing methods and technology, and administrative practices. Gaining experience in these areas through internships abroad will not only make you a more competitive real estate agent when it comes to job searches, it will also make you an irreplaceable member of any team.
Luckily, the housing market is one that will constantly be in need of assistance, since people will always need a place to live. Facilitating the rental and home buying process for realtors, banks, expatriates, and locals is a necessity all over the world. Interning abroad in real estate is possible in nearly every location around the world, but here are some suggestions to get you started:
Australia. This incredibly popular island nation offers the opportunity to work in many types of real estate internships focused on various property types, including beach homes and timeshares on the highly populated coasts and farms and ranches on the interior. You could get a real estate internship in Australia with a national home building company and spend your time marketing different types of homes. At the same time, interns could spend time gaining valuable experience with marketing software or learning about Search Engine Optimization (SEO), two added professional advantages in the real estate industry. Cities like Sydney and Queensland are ideal for getting vacation rental experience, drafting up online content, and expanding your marketing strategies through international real estate internships.
China. With so much space and so many people, it’s no wonder that there are plenty of real estate internship opportunities in China that allow interns to get involved in the Chinese real estate market. Whether it’s luxury condos in Shanghai, apartments in Beijing, or larger acreages in rural areas, you can find the right niche and location for your international real estate internship. Interns can learn about investments, property management, and private equity while fielding phone calls and showing properties to clients. Some internships in real estate based in China even include Chinese language lessons during contract periods.
Spain. Europe is an extremely fashionable destination for real estate internships abroad, with a competitive real estate market. You can work as an apartment sales or rental agent in Barcelona, and beef up your organization and prospecting skills, or you could specialize in marketing to gain experience with different advertising portals, such as blogging, social media, brand recognition, and product promotion. Keep in mind that real estate internships in Spain may require an advanced knowledge of the Spanish language.
Thailand. Interns can learn more about global real estate in the highly international, gorgeous tourist hub of Thailand. Intern will work with reputable companies to help support agents with training and technology. Internships more often surround rentals, at Thailand is one of the most popular destinations for short and long term rentals. Thailand is a great place to earn your stripes in the administrative and transaction processes involved in the real estate industry, as well as in management of vacation homes and rentals. Bangkok and Chiang Mai are the most popular cities for real estate internships in Thailand. There are usually no Thai language requirements to intern in Thailand, as English is widely spoken.
Real Estate Internships Abroad
Most international real estate internships entail entry-level work that all real estate agents need to know. Throughout your real estate internship abroad, you’ll see the day-to-day operations of the company or firm, and learn from local seasoned agents. Contract dates and hours required for real estate internships abroad will vary, but both part time and full time positions are available around the world. Most real estate internships abroad require at least a three month commitment, so that the time invested in intern development is worth it. Many international real estate internships do not require any previous experience in real estate, however they may include language requirements, depending on the country.
Sales & Leasing Agents. These types of real estate internships abroad will focus on day to day functions and real estate processes, and developing skills like prospecting, networking, lead conversion, and negotiating. Interns may also gain experience with property valuation and various types of programs and subscriptions necessary for running a successful business. Often times interns will be the intermediary between owners and clients, which involves a high degree of organization and professionalism.
Marketing. As a global industry, marketing is an essential branch of any business looking to promote themselves and their product. In this department, real estate interns have a chance to learn about different marketing platforms, like social media, marketing software, postcards, flyers, and running ads in newspapers and magazines. Interns will also strengthen marketing muscles by experiencing firsthand the importance of blogging, online content creation, search engine optimization, and measuring return on investment (ROI). These types of skills are highly relevant to fields outside of real estate as well.
Administration. In these real estate internships abroad, interns will play a huge role in office management, and will be expected to be organized, efficient, and accurate. Some possible duties include welcoming clients, responding to phone calls and emails, scheduling property showings, data entry, database maintenance, managing print materials, and handling transaction files. Assisting agents and other staff members in their busy schedules and responsibilities is vital to the success of most companies, so interns will play a vital role. This type of real estate internship abroad is especially good for those with little to no experience in the industry.
Irreplaceable Experience. Real estate can be a highly competitive and overwhelming industry for newcomers, hence, new agents are encouraged to find a good mentor they can learn from. An international real estate internship can give you valuable experience and expose you to other successful industry leaders. It will also illustrate maturity, professionalism, and most importantly, knowledge of the business when applying for future jobs.
- Exposure To An International Market. While many commercial and residential types of real estate revolve around smaller local markets, the rise of globalization and technology has led to an increase in international real estate transactions. If you’re considering the latter types of real estate, then a real estate internship abroad can be instrumental in giving you relevant experience and the opportunity to network for jobs after graduation.