Alternative Jobs For Real Estate Agents (With Examples)
Are you a licensed real estate agent looking for a new career path? While real estate agents play a vital role in the industry, there may come a time when you feel the need for a change. Thankfully, there are various alternative jobs that you can explore while still putting your real estate license to good use.
10 Alternative Jobs for Real Estate Agents
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County Tax Assessor
- Average Annual Salary: $57,008
- As a county tax assessor, you'll determine property values for taxation purposes. This role requires a degree in real estate and additional licensing for property appraisal. The job outlook for county tax assessors is projected to grow by 4% through 2031.
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Real Estate Broker
- Average Annual Salary: $102,000
- While real estate agents and brokers are often used interchangeably, they have different responsibilities. Brokers handle more technical tasks like estimating home value and managing offers. To become a broker, you need to obtain a real estate license, gain experience, and pass a broker's licensing process and exam. The job outlook for real estate brokers is projected to grow by 5% through 2031.
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Commercial Appraiser
- Average Annual Salary: $51,000
- Commercial appraisers determine the value of business properties through inspections and administrative tasks. Becoming a commercial appraiser requires a bachelor's degree, coursework hours, and supervised work experience. The job outlook for commercial appraisers is projected to grow by 4% through 2031.
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Property Manager
- Average Annual Salary: $43,000
- As a property manager, you'll handle various tasks related to rental properties, such as filling vacancies and maintenance. This role offers the opportunity to utilize your real estate license while enjoying a flexible workweek and helping people in their homes. The job outlook for property managers is projected to grow by 3% through 2031.
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Property Inspector
- Average Annual Salary: $39,517
- Property inspectors ensure the safety and compliance of buildings by identifying potential issues. This role requires a keen eye for detail, knowledge of safety regulations, and administrative skills. Most states require a postsecondary degree and certification for property inspectors. The job outlook for property inspectors is projected to decline by 4% through 2031.
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Real Estate Investor
- Average Annual Salary: $82,023
- Real estate investors focus on the financial aspect of real estate, buying and flipping houses for profit or renting them out. While formal education isn't mandatory, knowledge of real estate and related fields increases your chances of success.
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Home Stager
- Average Annual Salary: $50,490
- Home stagers set up properties to showcase their full potential to potential buyers. While there is no specific licensing required, having a real estate license or a degree in interior design can be beneficial.
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Real Estate Teacher
- Average Annual Salary: $137,833
- If you have a passion for real estate and teaching, becoming a real estate teacher could be an excellent alternative. You can either train individuals preparing for the licensing exam or create your own online courses. Real estate teacher jobs are projected to grow by 12% through 2031.
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Foreclosure Specialist
- Average Annual Salary: $46,296
- Foreclosure specialists oversee all aspects of the foreclosure process, including document preparation and record gathering. High school education and experience in the field, along with real estate licensing, are typically required.
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Leasing Consultant
- Average Annual Salary: $28,000
- Leasing consultants bridge the gap between landlords and tenants, assisting individuals in the leasing process. With a real estate license, you can thrive in this sales environment without the intense competition associated with selling homes.
These alternative jobs offer diverse opportunities for licensed real estate agents to explore different career paths while leveraging their knowledge and experience. Each profession comes with its own requirements, and the average salaries mentioned provide a glimpse into the earning potential.
Alternative Career Paths for Real Estate Agents
Aside from alternative jobs, there are alternative career paths that real estate agents can consider. These paths include becoming a realtor, leasing consultant, real estate teacher, or real estate broker. These roles provide avenues for growth and specialization within the real estate industry.
The Requirements for a Real Estate License
To obtain a real estate license, the requirements may vary depending on the state you reside in. Generally, you will need at least a high school diploma and be over 18 years old to enroll in a real estate certification course. After completing the required course curriculum and accumulating the necessary hours, you must pass the real estate licensing exam to begin your career as a licensed real estate agent. This process typically takes up to six months.
Why Real Estate Agents Look for Alternative Jobs
Many real estate agents seek alternative jobs due to fierce competition in the field and the challenges of building a client base. Additionally, the unpredictable hours and income can strain personal lives and families. However, there is a wide range of alternative career options available for real estate agents, allowing them to find a fulfilling path within the industry.
Conclusion
While being a real estate agent can be rewarding, exploring alternative jobs and career paths can provide new opportunities and personal growth. From county tax assessors to real estate brokers, there are numerous options for licensed real estate agents to pursue. Consider your interests, skills, and long-term goals to find the perfect fit for your next career move.
References:
- Bureau of Labor Statistics - Occupational Outlook Handbook.
- Scottsdale Community College - 7 Steps to Become a Successful Real Estate Agent
