Real estate interns are the newest recruits for Christie’s Real Estate.
They are part of a growing cohort of people who work in real estate across the U.S. who are often called on to help run the company’s offices and sales operations.
But in New York City, the role has long been a coveted one.
“We are seeing a resurgence of people wanting to work in our real estate,” said Christie’s spokeswoman Stephanie Deutsch.
In New York, the industry has expanded rapidly.
The number of real estate interns doubled between 2011 and 2014, from 1,200 to 5,300, according to Deutsch, and the number of full-time jobs in the industry grew by 40 percent from 2012 to 2014.
The number of internship spots available has been growing rapidly, too, especially for the young, Deutsch said.
They’re going into jobs that are not only exciting but also highly competitive.
But while the demand for real estate internship positions has grown, so has the number.
As the industry is getting bigger, the demand is also growing for new jobs.
While the number and pay have been increasing, the pay has been shrinking, according in part to changes in federal overtime regulations.
The number and salaries for those new jobs have dropped in New Jersey, Delaware, New York and Connecticut, according the Labor Department.
And the percentage of positions available has also dropped, Deich said.
So when the demand in New Hampshire jumps to 10,000 positions, what is the demand?
“The number is going to be high,” Deutsch explained.
“I think it’s the kind of job that people want to do.
It’s really exciting, but it’s not the kind that you can take home to your kids.
It requires a lot of experience.”
In New Jersey and Delaware, the number is up, but the pay is dropping, too.
And the median salary for an intern is $40,000, according ToTheFuture.com, the company that tracks the compensation of the interns working in New England.
In Connecticut, the median wage is $36,000 and there are a few internships available for $18,000 or more.
In New York State, the minimum wage is about $22,000 for full- and part-time work.
The median salary in New Orleans is $23,000.
“Interns have been in the real estate industry for decades, and they’ve been in a lot more positions in the last five years,” said Deutsch at the realtor’s conference, which took place at the Hotel New York in midtown Manhattan.
“But now it’s a whole new market, and people are looking for different kinds of internships.”
A real estate agent’s job is a little different.
He or she deals with real estate deals, and usually has a lot to offer.
In New England, the vast majority of agents are part-timers who are paid less than $20,000 a year.
And they are paid on a sliding scale based on the size of the company they work for.
In Washington, D.C., the median hourly wage for a full-timer is $17.77, according The Washington Post.
The median hourly salary in the states with the highest median salaries is $22.47.
In Pennsylvania, a full time job with an agency pays $35,000 per year, and part time jobs pay $18 an hour, according Capital Research Center.
In Florida, a real estate agency’s median salary is $33,000 with an hourly rate of $20.40, and a fulltime job with a full service agency pays between $28,000 to $36.50 an hour.
In Texas, a job with the realty giant Realtor.com is $41,000 an year, with a part- time job at the same company earning $31,000 according to the Texas Office of Career Services.
In Ohio, the average hourly wage is just over $24, according CareerBuilder.
The average hourly salary for a realtor is about half that amount, according Equifax.
In Arizona, the hourly wage of a full term realtor with an industry-leading agency is $34,000; the average full-term job is $32,000 across the state, according TOTheFuture’s website.
In California, a professional real estate associate with a large agency is making between $40 and $48 an hour with a half-time job at a large brokerage, according Salary.com.
In Utah, a two-person agency job pays between between $26,000-$40,00 an hour and a half day job pays $32 an hour according to Realtors Salary.
In Maine, a one-person office position with a small agency pays just over half of a one time job salary with a four-hour