Property, Real Estate, and Community Association Managers
Median annual earnings of salaried property, real estate, and community association managers were $36,880 in 2002. The middle 50 percent earned between $25,470 and $56,000 a year. The lowest 10 percent earned less than $17,450, and the highest 10 percent earned more than $86,650 a year. Median annual earnings of salaried property, real estate, and community association managers in the largest employing industries in 2002 were as follows:
- Local government $50,340
- Offices of real estate agents and brokers $50,820
- Activities related to real estate $50,750
- Lessors of real estate $50,190
Many resident apartment managers and onsite association managers receive the use of an apartment as part of their compensation package. Managers often are reimbursed for the use of their personal vehicles, and managers employed in land development often receive a small percentage of ownership in the projects that they develop.
Property, real estate, and community association managers plan, organize, staff, and manage the real estate operations of businesses. Workers who perform similar functions in other fields include administrative services managers, education administrators, food service managers, lodging managers, medical and health services managers, real estate brokers and sales agents, and urban and regional planners.
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