Getting started in the real estate sector can be confusing or overwhelming at first, but once it’s established, it will have great versatility as it won’t do the same thing every day. You could even become your own boss, have different clients, and learn about different categories of properties. Most importantly, you will be the person to help other people find their dream home. You will just have to decide wether to become a part time real estate agent, or a full time one.
The truth is that it is much easier to have a full-time job when you are just beginning if you want to become a successful and well-paid real estate agent. However, many agents started their careers by working part-time, and some have even stayed that way for a long time. This type of work is ideal for single parents, people who want to have an extra income, or people who are already retired but want to stay active. While it is possible to be successful in a part-time real estate jobs as well, there are a few important points to keep in mind before deciding if this modality is right for you.
The requirements for having a part-time real estate agent job, are the same as the requirements for real-time agents working full time. Here you can find detailed information on the requirements to become a real estate agent.
Below we will analyze the possibilities and conditions, both positive and negative, that you should take into account when deciding whether part-time work as a real estate agent is right for you:
Pros of working in real estate part time
If you already have a job, you will receive additional income from this parallel job. Starting in this way will allow you to gain experience in the real estate sector, while your income does not depend solely on this single job. Additionally, working alongside other real estate agents can help you determine if this career is feasible for you to pursue full time.
On the other hand, you will also have the possibility to establish new connections. Not only will you connect with clients, but also with other local agents and agencies. By expanding your sphere of influence, you are also expanding your social circle.
Finding a real estate broker can not be an easy task
Real estate brokers often succeed or fail as a direct result of the efforts of the real estate agents they work with. The real estate agency and other office resources provided by the broker are assigned to those who are producing results. A real estate agent’s part-time work schedule generally equates to less business, and some brokers may not be able to provide these resources to those with less results. This does not mean that real estate brokers do not hire part-time agents, but that you need to find the broker according to your situation. Finding a broker that is suitable for part-time realtors will not be an impossible task, but certainly not an easy one either.
Planning can be difficult
Planning is one of the most difficult challenges that a part-time realtor has to face. It is evident that if you will not be available to your clients at a time that is good or favorable for them, you will lose sales-rental opportunities. This is particularly true in the case of buyers who want to see new properties. Another aspect of the job, such as dealing with title companies or lenders, which generally operate during business hours, would be difficult if you are in another job during conventional business hours, so getting things done can be quite difficult.
If you are planning to have two part-time jobs, it is preferable that you can combine both so that, depending on the occasion, you are available to showing properties in the morning, afternoon, or even on the weekends.
Sometimes you will be forced to share your earnings
If you are in high demand, or if you are simply unable to meet clients in person, you should ask your real estate colleagues to help you deal with that particular situation. This is not exclusive to part-time agents, but it will surely be more limited than real-time consultants who work full time.
When another agent helps you meet your goals, you will need to compensate them financially. It is important that agreements and guidelines are established in advance to avoid later misunderstandings or setbacks.
Set your long-term goals
You can start your career selling real estate part time if you already have another job that you don’t want to quit. However, you will need to consider your long-term goals, since holding two jobs can be profitable, but it will surely be exhausting, especially if you want to be successful.
Let’s imagine you already have a day job, and when you’re done, you spend your time in your new real estate career. This would imply that you will be busy every evening, and even on weekends. On the contrary, full-time real estate agents, although it is also true that they can have a similar routine, with a single job it is more feasible to find the time to have a day off, to plan a weekend without showing properties, or even, to take vacations.
Before you get to the famous burnout, which is so often heard in these times, it is preferable that you plan your long-term goals with projects that allow you to have a more flexible work schedule, where you can also spend time on your personal life.
Can you be a real estate agent part time? Is it right for you?
After analyzing the benefits and drawbacks of being a part-time realtor, it is important to consider whether this mode of work is right for you or not.
Take the time to consider these pros and cons to help determine if your real estate career is what you expected and if you could do it part-time.
The Realtor App that Can Simplify and Enhance your Career as a Realtor
If you get into the real estate world, you will know that the most difficult thing for becoming a realtor is to establish a system to work with. This is why you should meet “Aidy”, a real estate software application created specifically for realtors that provide an easy to use system. Aidy has a Real Estate virtual assistant that keeps you informed of all your duties as a manager 24 hours a day, 7 days a week. It will help you find the most likely buyers and sellers, promote the properties on social media, and allow you to make more profit by helping you sell more properties. Aidy will send you smart notifications so that you’ll know what to do to close a deal. You’ll need a network of realtors & clients to start, but with Aidy you can reach them easily.
An agent who has Aidy on any mobile or desktop device does not need other client registration software, or real estate tracking programs. Thanks to the Real estate CRM Aidy – that offers a free trial period – real estate consultants spend less time trying to establish quality communication with potential clients and making real estate marketing. They only focus on their Real Estate salary and being the best in the Real Estate Business.