Real Estate Interns Gain Practical Experience

August 15, 2012 / Russell Legato, Residential Property Analyst

When Kim Browder took a summer internship rather than a permanent job, it was because she felt her abilities would be better developed during a summer at a real estate centered firm. It was a good decision because she and other real estate interns were taught how to do title searches and foreclosure processing for them. Her new understanding of real estate business has widened her perspective of how her university training works in the real world.

Real Estate Interns Gain Practical Experience

This business graduate eagerly took on the challenge of learning the real estate industry from the inside out. She was able to put her abilities in psychology and entrepreneurial management to good use. Those abilities are stellar as exemplified by the fact that of the 500 who applied for an internship, Browder was one of the 27 who were selected.

This year First American started to hire more students for the summer. Teen hiring had been reduced since 2007 and is 20 percent higher this year as compared to 2011. These figures apply to other businesses as well. Teens have opportunities they would not get in school through the one million or more jobs available for the summer.

There is an advantage for the companies offering them. The company can find prospective employees later on among those interns who did a great job for them in the temporary position. One company reports that permanent positions were offered to six interns.

As the program ended for the summer, the interns competed in attempting to sell a real estate opportunity to executives. This panel of judges rated them on how they presented what this fictitious company was trying to sell. It was reminiscent of the still popular Apprentice TV show.

One third year law student worked in the Mortgage Services Division at First American. His work on standardized contracts and legal research provided excellent practical experience. He plans a career in corporate law.

Another intern, a graduate of Cal State, found the chance to network with other employees very beneficial. He considered the experience to be rewarding above and beyond the salary. Another was involved in analyzing plans for film studios. Yet another pleased intern learned from the mature employees as he prospected for new investments on the phone.

Students were involved in mortgage services, finance, marketing and other functions of the world of business. Not all real estate interns were required to have university training directly connected to selling real estate.

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