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Real Estate Compliance Officer Employment Information
Real Estate Compliance Officer Overview
A real estate compliance officer is responsible for inspecting properties, processing applications and reviewing the legal considerations of applicants, such as background checks. Compliance officers have other tasks that vary from location to location. Compliance officers are also responsible for ensuring that the company they work for abides by all state and local laws. Compliance officers are employed not only by real estate companies but also by construction and software companies. Any industry involved in production has to follow specific laws.
Real Estate Compliance Officer Education Requirements
Typically, a real estate compliance officer must have a bachelor's degree although some make do with nothing more than a high school diploma. Compliance officers must have a thorough knowledge of the law in their area as well as the ability to translate complicated legal concepts to laymen. Clear communication skills are essential as is reading comprehension. Compliance officers must also be skilled in clerical duties, such as word processing, transcription, and more.
Real Estate Compliance Officer Job Market
The job availability for real estate compliance officers is expected to grow by 5 percent by 2022, resulting in around 5,530 new jobs each year. Real estate compliance officers are often hired by apartment complexes and real estate companies to ensure individual properties are up to code before placing them on the market and also to help with the approval process of new applicants.
Real Estate Compliance Officer Salary
Real estate compliance officers make an average of about $44,000 per year although in some places that salary may drop as low as $37,000, but in others, it can reach as high as $105,000. The specific salary depends largely on the size of the employing company although a compliance officer who demonstrates a particular aptitude for his work may be able to demand a higher wage.