How to Be a Successful Part-Time Real Estate Agent<\/span><\/h1>\n

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The pros and cons for working as a part-time agent<\/p>\n

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Becoming a successful real estate agent takes guts, hard work, and lots of hours\u2014 but can it be done in part-time hours?<\/p>\n

The answer is yes. It is possible, but you must know what you\u2019re in for.<\/p>\n

Even though it\u2019s fun to close deals and rewarding to help clients, working as a real estate agent requires a lot of grueling work behind the scenes to make the magic happen. You can\u2019t expect to only work a few hours a week and be a success. Working part-time as a real estate agent often means working for a few hours each day. That\u2019s in addition to (and sometimes during) your full-time gig.<\/p>\n

In this post, we\u2019ll discuss the pros and cons of working part-time in real estate, as well as tips for how to do it effectively.<\/p>\n

The Pros of Working Part-time Real Estate Agent<\/h1>\n

Being a part-time real estate agent has a lot of benefits:<\/p>\n

You Can Try it Before You Buy it<\/b><\/h2>\n

Are you a commitment-phobe? Don\u2019t like taking risks?<\/p>\n

You\u2019re not alone. A lot of agents start off part-time because they don\u2019t want to risk it all on a career that they may not like. Then, after they\u2019ve spent a few months learning the industry, they decide to fully commit.<\/p>\n

Before you quit your day job, you may want to try selling real estate on the side. Fortunately, your real estate license is valid whether you work full-time or part-time. Once you\u2019re comfortable, you can always turn full-time.<\/p>\n

You Generate an Additional Stream of Income<\/h2>\n

Supplement your full-time income with a part-time hustle.<\/p>\n

Who doesn\u2019t dream of having multiple streams of income? Once you get your real estate license, you\u2019ll have another way to make money. And not just pocket change but multiplied thousands of dollars each month. Because your earning potential isn\u2019t capped at a set salary, you may actually earn more by selling real estate part-time than you do at your full-time job.<\/p>\n

You Reduce Your Financial Risk<\/h2>\n

When you work part-time, you\u2019re able to reduce your financial risk. You have the security of your full-time job to keep the lights on while you build your real estate business from the ground up.<\/p>\n

Your first year in real estate will be hard of the wallet. You have to finance your entire real estate business on your own (or with the help of a loan). Until you make that first blessed commission, you\u2019ll have to pay for everything out of your own pocket. That includes marketing costs, fuel, office fees, wardrobe, professional association dues, and more. Then there are your personal living expenses like food and shelter. It all adds up and can be an unbearable burden in the first year if you haven\u2019t prepared ahead of time.<\/p>\n

But when you enter into real estate part-time, you almost eliminate your risk. You can still maintain your lifestyle thanks to your full-time job. Your full-time job may also bankroll your real estate business until it can start earning for itself.<\/p>\n

You Can Work From Anywhere<\/h2>\n

One of the benefits of working in real estate is not being confined to a cubicle in a sterile office building. Unlike other part-time jobs that require you to show up and punch in, all you really need to sell real estate is an Internet-enabled smartphone. Your smartphone allows you to work from anywhere, which means that you can work from home if you\u2019d like.<\/p>\n

The Cons of Working as a Part-time Real Estate Agent<\/h1>\n

Before you decide to work part-time as a real estate agent, here are a few potential drawbacks to consider:<\/p>\n

You Must Be Flexible<\/h2>\n

When you attempt to juggle two (or more) jobs, scheduling can be a nightmare. You must have a flexible schedule on your full-time job in order to make it work. Here\u2019s why: You may be in business for yourself, but you\u2019re not you\u2019re own boss\u2014 Your client is the boss. You\u2019re at the complete mercy of your clients in real estate. You can\u2019t tell them to wait for your schedule because they\u2019ll likely just find another agent who\u2019s more available.<\/p>\n

In real estate, you must be available, which also means that you must be flexible. In addition to showing houses (which needs to happen on your clients\u2019 schedule), you\u2019ll also need to be available for activities such as closings and home inspections. You can\u2019t make those happen on your schedule.<\/p>\n

You Must Work Even Longer Hours<\/h2>\n

Real estate agents work long hours. But if you work part-time as a real estate agent and full-time on your other job, you\u2019ll work even longer hours. All you\u2019ll do is work. Say goodbye to your free time. That\u2019s a ghost from Christmas past.<\/p>\n

Not only will you work on evenings and weekends (which is standard for all real estate agents), you\u2019ll also need to work throughout the day every day. Emails from prospective clients come in at all hours. Inventory changes daily. Clients will call with questions whenever they feel like it. Between real estate and your full-time job, it will feel like your day never ends.<\/p>\n

You May Have Difficulty Gaining Trust<\/h3>\n

Not everyone trusts a part-time real estate agent. After you tell a prospective client that you only do real estate part-time, they\u2019ll be wondering, Why are you only working part-time? Are you not good enough to work full-time? Will you be available when I need you? Will you work as hard as a full-time agent?<\/p>\n

There are prospective clients who believe that part-time agents aren\u2019t as committed as their full-time counterparts.<\/p>\n

You\u2019ll encounter prospective clients who opt for another agent simply because they don\u2019t believe you can do a competent job. That may be unfair, but it\u2019s the truth.<\/p>\n

You Limit Your Earning Potential<\/h2>\n

In real estate, your earning potential is only limited by your own hustle. However, your ability to hustle is seriously compromised when you\u2019re working part-time. No matter how disciplined you are, if you\u2019re working in real estate in addition to a traditional nine to five job, you\u2019re not giving it your all. You can\u2019t. You\u2019re splitting your energy with your full-time job.<\/p>\n

You won\u2019t be able to make as much money as you could by working full-time in real estate.<\/p>\n

You May Have a Hard Time Finding a Broker<\/h2>\n

When you work part-time, it can be difficult to find a broker who\u2019s willing to work with you. It\u2019s not personal. Brokers depend on their agents to make money. By not working full-time, you\u2019re not able to make as much money as other agents, so there may be less of an incentive to work with you.<\/p>\n

When looking for a broker, don\u2019t just go for the one with the big name. Choose a broker who offers support in the form of teams and training programs. Keep in mind that some brokers impose a time commitment for the agents that work under them, so not every brokerage will be the right fit. There is a broker out there for you, just be sure to be upfront with them that you\u2019ll be working part-time.<\/p>\n

Tips for Success as a Part-Time Agent<\/h2>\n

After weighing the pros and cons, you may decide that it\u2019s worth it to become a part-time real estate agent. You can do it! Here are a few essential tips to make sure that your part-time venture is a full-on success:<\/p>\n

Develop and Stick to a Strict Schedule<\/h2>\n

When working part-time, you must be disciplined. A quick five-minute diversion can often turn into two hours. When your time is money, you need to adhere to a strict daily schedule.<\/p>\n

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