Should I consider becoming a part time real estate agent

Question

Hi All,

In a couple months I will be graduating from college. Currently, I am undecided on my career path. I am considering options such as launching my own business to working a 9-5 to working in the real estate industry and many more.

I recently had a conversation with a mentor who mentioned the possibility of getting my real estate license to become a part time realtor if I were to get a 9-5 job since I plan on buying some personal real estate investments soon.

Do you believe it would be worth my time and effort to consider being a part time realtor or is it best becoming only a full-time realtor?

Julie Gates · Answer

Being an agent isn't cheap. Just to keep your license you will pay several thousand dollars per year in fees for your brokerage and MLS and Supra E Key, etc. I wouldn't get your license unless you have a clear plan to use it.

Amber Neal · Answer

I think it's an awesome idea. Inventory is historically low, many new agents have the aura of desperation. I think a full time income as you learn the business will allow you to sidestep some of those pitfalls.

Hamp Lee III · Answer

It depends on your investing goals and business. If it’s to look for properties, you can consider a wholesaler. If it’s MLS access, you can partner with another agent.

I have my license and it definitely helps me. I can look at any house on the market and I have access to the MLS. However, I often find that the best deals might be found off-market by wholesalers, but I still look on-market too.

JD Martin · Answer

When you are buying a house you will have to disclose that you're an agent, so there's always the possibility that it could be detrimental (IE seller thinks you're lowballing because you're an agent). If you're not going to actually use your license to become a real estate professional, I think there's little value. I have my broker's license and I still use my longtime realtor to show me properties; I just needed my broker's license to set up our property management company, and I also get to use it for full-time real estate professional purposes at tax time (I'm retired); I don't use it for looking at properties or anything of that sort.

Ko Kashiwagi · Answer

Hi David,

Most successful agents will likely tell you that you need to dedicate more time to become successful as an agent. However, I don't think there is any downsides to getting the license, and it would increase your options in terms of career paths and investment opportunities. If you are investing in the state you will be licensed in, this will be a plus.

Caleb Brown · Answer

I don't think so. To build a good business you have to dedicate time to it. Sure you can spend time doing it but it will make it much more difficult. Biggest part is you have to be flexible for showings or appointments. You could pursue agent full time then do side hustles on the side to survive till the business lifts off. If you do become a part time agent I'd join a team that way if you need help with showings they can. Regardless build a schedule so you do everything you need to get leads and produce deals