The ongoing crises in the mortgage and housing sector have encouraged other professionals to divert towards other occupation opportunities. For those who are looking to exit the mortgage or the real estate industry, the following are a few prospective areas that might be interesting for them:
Financial Services
Financial Advisor: Use your experience in finance and investments to assist individuals and companies in managing their funds.
Insurance Agent: Sell life, health, or property insurance, which usually requires the same techniques for various sales.
Property Management
Property Manager: This person oversees and operates residential or commercial real estate, including tenant relations, maintenance, and leasing.
Construction and Trades
General Contractor: Apply your knowledge of properties to supervise the construction of residential houses and offices.
Skilled Trades: Plumbing, electrical, or carpentry can all be great ways to get into a profession that constantly needs workers.
Technology and Real Estate Tech
Proptech Startups: Engage with or establish a startup that works with various real estate property management software and virtual tours.
Data Analysis: Use your analysis in roles that require working with data and assist businesses in making better decisions.
Education and Training
Real Estate Coach or Trainer: Give the new agents or the loan officers the necessary education to be successful in the business by training them on what you know.
Online Course Creator: Develop courses on real estate investing, mortgage processes, or financial literacy
Consulting
Business Consultants: Base their work on their own experience and serve small companies or newcomers to the business.
Real Estate Investment Consultant: Help potential buyers evaluate a profitable real estate investment, even without being involved in the sale.
Sales and marketing
Sales roles in other industries: Settle for a sales role in the industry, sales, and marketing like technology, pharmaceuticals, or consumer goods.
Digital Marketing: Enter the field of digital marketing, focusing on real estate and other available sectors.
Healthcare industry
Healthcare administration: Try healthcare or health-related management or administration, as it is highly likely to give you a job.
Medical Billing and Coding: Prepare yourself for a highly demanded medical billing and coding career, which can usually be operated remotely.
Non-profit sector
Community Development: Join Non-profit organizations that deal with housing, community development, or financial literacy
When relocating to a new place, consider your skills, what you like to do, and what is in demand there. You may also connect with your current industry and explore employment opportunities in different areas.