Jobs for Former Real Estate Agents
Individuals who have had a career as a real estate agent may be interested in pursuing other career opportunities that their experience in real estate and sales will have prepared them for. Below, we will look at five alternative career options for former real estate agents. We will discuss what each of these jobs entails as well as which type of education is necessary to acquire one of these jobs.
|Job Title||Median Salary (2016)*||Job Growth (2016-2026)*|
|Appraisers and Assessors of Real Estate||$51,850||14%|
|Insurance Sales Agents||$49,990||10%|
Source: *U.S. Bureau of Labor Statistics
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Information about Jobs for Former Real Estate Agents
Appraisers and Assessors of Real Estate
As an appraiser or assessor of real estate, your job involves visiting different types of real estate properties in order to inspect them and determine their value. Appraisers generally visit one home or business at a time and take into account factors like comparable properties and the condition of the property to come up with the value, while assessors often work for the government and may evaluate entire areas or neighborhoods for tax purposes. Former real estate agents may find that their experience working in real estate has helped them naturally learn about property values, making them good candidates for appraisers and assessors. To become an appraiser or assessor, you will typically need a bachelor's degree along with certification from your state.
Insurance Sales Agents
If you are interested in staying in the sales field, you may want to consider transitioning to a career as an insurance sales agent. These professionals work with individuals who are in need of various types of insurance, like life insurance, health insurance, and property insurance and are responsible for explaining the various terms and details about these policies to clients. As a former real estate agent, you may have already gained a high level of interpersonal and communication skills, which would be helpful in this role. To become an insurance sales agent, you will typically need at least a high school diploma though a bachelor's degree is common, and agents must obtain a state license.
Sales managers also work in various sales fields though they typically have more managerial duties, like creating and managing budgets, handling any customer complaints or problems, developing sales strategies and setting sales goals, and overseeing sales workers. Your past as a real estate agent may have helped you acquire many of the skills necessary to be successful in this role, as sales managers must be able to communicate well and have a high level of customer-service skills, which is also typically necessary as a real estate agent. To become a sales manager, you typically will need a bachelor's degree along with work experience.
Another option for former real estate agents is a career as a loan officer, which entails working with individuals and businesses who are in need of loans for various reasons, like buying a new car or house or to upgrade equipment or facilities. Commercial loan officers work with businesses while consumer loan officers work with individuals. Another option that may be a good fit for real estate agents specifically is a mortgage loan officer, in which you will work with individuals who need loans to purchase new types of property. Loan officers typically need a bachelor's degree in addition to on-the-job training, and mortgage loan officers must be licensed.
Some former real estate agents may be interested in pursuing a career in law, or more specifically, real estate law. As a lawyer, you will work with clients who are in need of various types of legal counsel and representation and some of your responsibilities could include writing legal documents like contracts, conducting research, and presenting cases before judges and juries. As a former real estate agent, you may be especially well equipped to pursue a career in real estate law as you will already have a general level of familiarity with the world of real estate. This career path will likely require some additional education, as it is necessary to attend three years of law school to become a lawyer.