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Updated almost 6 years ago on . Most recent reply

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Val Socorro
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Part time real estate agent, worth it?

Val Socorro
Posted

I am looking to get into real estate but I am currently working a 9-5. I have been reading real estate books and have been interested in getting licensed so I could practice eventually part time.

My question is, is there a agency that would hire part time agents? And is it possible to make an income working part time? If so, what’s the best way to find a mentor?

(Side note: I’m willing to put in the time and effort in the evenings and weekends to make it work. )

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Matthew Olszak
  • Real Estate Broker
  • Chicago, IL
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Matthew Olszak
  • Real Estate Broker
  • Chicago, IL
Replied

@Val Socorro if you can answer calls/emails during your 9-5 you'll be good to start while you gain knowledge/clients. But beyond that your day job will severely limit your potential in real estate. Once you're confident this is what you want to do, quit the 9-5 and your motivation to get listings/clients should skyrocket as you won't have that W2 paycheck to fall back on. It might seem like all the "work" happens outside of "work hours", but that's just showings and client communications. The prospecting, negotiating, and coordinating will absorb your time during the day.

And sure, you can just limit your business so that you can handle both the W2 and RE, but you likely won't make enough to make it worthwhile after expenses like licensing fees, mls fees, splits, e&o, marketing, etc.

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