Can part time real estate work

4 Replies

I’m interested in doing real estate part time at least to start out so I have a solid income on current job. My question is, is it possible to have a part time steady income as a real estate agent? I’m being told no and being told keep solid normal job for a while.

@Melissa Taylor  Yes, it's possible - but it's not likely.

I have had quite a few part time agents - 10 so far.  Each has promised me that they were on fire to get out of their current jobs and work to get into real estate full time.

Not one of them has.  Lack of time, lack of energy, lack of whatever.  Personal issues, reasons, excuses.

When it's not providing your income, it's been my experience that agents just aren't hungry enough to make it happen.

If you're serious about making it in real estate as an agent, build up a war chest of 6 months living expenses plus several thousand to get licensed, print business cards, pay for marketing yourself, etc.  Then and only then should you pull the trigger.

By the way, part time agents are the bane of the business.  

When I need a showing scheduled, a contract signed, an extension executed, an inspection or an appraiser scheduled, personal property negotiated - any of the dozens of times I need to reach a part time agent on the other side of my transaction, it's just miserable.

Not only is the part timer busy with whatever else it is that they do for a living, they're also inexperienced.  They make mistakes.  They fail to return calls, text and emails promptly.  They don't know how to manage the emotions of an unreasonable client.  

They screw up perfectly good deals because they treat real estate as a hobby and not as a serious profession in which we help clients make some of the biggest financial decisions they will ever face.  

At this point, I no longer sign up part time agents for all of the reasons I've articulated above.

@Melissa Taylor   It depends on what you mean as steady.  If you are planning on flipping homes or buying rentals throughout year for your portfolio I would say it is more than worth it just make sure you choose the right broker that does not have high monthly fees.  Also if you want to do real estate part time, then the hours you must make available are weekends and after work Monday-Friday. If you can't be available at these times it's going to be hard when clients want to see houses and you are not available.

Thanks for the honest advice Charlie means a lot. And a lot of sense!

In my experience- part time agents can not really provide the quality of service needed. If someone is going to pay 3% to a part time agent or 3% to a full time agent - full time is definitely able to give them more for their money. If you have a large network of friends and family you can generate some businesses based off referrals from people who know you, prefer to use you, and do not care you still have a job. My wife went through this for a year before making the leap to full time

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