Thinking about becoming a real estate agent? You can work part time, keep reading!
If you are someone who is considering starting a career in the real estate business or you want to become a real estate agent, then you might have wondered whether it is possible to be a part-time real estate agent. The good news is that when it comes to a real estate career, you have the flexibility to work either full-time or become a part-time agent.
This is one of those few professional fields where this is possible. Yes, there are pros and cons in this too, but both a part-time and a full-time agent get good career growth. Therefore, if you are considering a shift from another career or want an additional source of income along with your full-time job, then becoming a part-time real estate agent is an apt choice.
How To Become Part-Time Real Estate Agents
Before we discuss the advantages of becoming part-time agents, let us discuss the main requirements to become one.
1. Acquiring Your Real Estate License
Similar to full-time agents, a part-timer would also have to undergo state-specified training. Then clear the exams for getting their real estate license. There are many online real estate schools where you can enroll for mandatory training. There are many online real estate schools where you can enroll for mandatory training.
2. Joining A Real Estate Brokerage
After you have obtained your real estate license, the next step would be to find a good brokerage and start working for them. Now it is true that most brokers are looking for career agents. Still, many brokers are willing to hire part-time agents.
Find a brokerage in your city that suits your requirements. Look for one which has other part-timers, as this would ensure that you will not face any issues regarding your work hours after signing up with the brokerage. Look for a broker with whom you can work well. Your broker should also be willing to mentor you, as all new agents require guidance.
3. Manage Your Time And Schedule
This would be the most crucial aspect of choosing part-time real estate work. Time management is necessary. Otherwise, you will end up working more hours per week than you intend to. It is necessary to decide how many hours a week you wish to work and how you will manage your schedule. You will have to devote time to lead generation, as that is a necessity. Once you have your leads, you need to carve out time to meet the buyers and sellers in person. Try to have the meetings scheduled on the same days to save time. Inform your clients clearly about your business hours.
4. Plan Your Real Estate Business
The next step would be to plan all the business resources that you can obtain. Try to automatize as much as possible to save on your time–especially your marketing efforts. Automatic mailers can be utilized. Use a strong Customer Relationship Management System to stay on top of all the clients’ information.
If you are not able to devote time to find leads, then consider opting for an online seller lead generation platform like Dorrmat. This will provide you quality leads and help you save time. With the help of Dorrmat.com for the seller leads, you can then give your entire focus to sell real estate.
5. Plan For Business Expenses
The final step would be to plan for your business expenses. This is a vital aspect for a part-time real estate agent. As you will work for fewer hours, you must make sure that your expenses are under check. You will need to know which tools are essential and get only those. As a realtor, you will also have to pay office or desk charges to your brokerage. Try to plan properly for your marketing budget too. If you have proper financial planning, then you would ensure that you are making good money even as a part-time agent.
Key Benefits Of Becoming Part-Time Real Estate Agents
There can certainly be advantages that real estate agents get by choosing part-time real estate work:
1. Earn Extra Income
The primary advantage is the potential to earn more income. If you are someone looking for a job that you can do alongside your current occupation. Or you are considering a new career as a real estate agent. Working as a part-time real estate agent can be beneficial, as such agents make good money.
2. Flexible Schedule
The other key advantage of this job is that you are the master of your time. You choose how many local clients you want to work with, how many hours you want to spend on the job, what sort of properties you want to handle, and run the business with complete flexibility and create the best real estate practices. As a licensed realtor, you can boost your salary and success while being employed in another field.
3. Widen Your Sphere Of Influence
The other advantage is that you get to ask for referrals with every sale and thus widen your sphere of influence. The more clients you come in contact with, the more you increase prospects of acquiring a future client. This step will also provide you with a better understanding of the market, which will enable you to utilize your resources in a better manner.
To be a successful part-time real estate agent, you would have to put in the required hard work. However, once you have got everything running smoothly, you would be able to gain a lot of advantages by becoming a real estate agent, even if you choose to work in real estate part-time. A part-time agent gets good opportunities and experience.
In this article, we have given a brief overview of the market for a part-time agent. From getting a new lead, meeting the client, and landing the sale, the day-to-day work is similar to a realtor who works full time. However, there are many perks of choosing to be a part-time agent and many successes to gain.