Being a Part-Time Real Estate Agent

Starting a part-time career in the real estate industry can be particularly challenging to begin. To ensure your part-time real estate career succeeds, these tips are essential for getting started on the right track - or even getting started at all.

For Whom is a Part-Time Real Estate Career Suitable?

A lot of career changers begin their journey in the real estate field with a part-time job. Frequently, administrative staff at brokerage firms transition to careers in real estate sales due to their existing knowledge of the industry and strong connections, allowing them to kick-start their careers as agents. Some real estate professionals obtain their licenses and choose to exclusively serve affluent friends and relatives.

Benefits of Being a Part-Time Agent

Working part-time enables individuals to advance their careers at their own pace without having to depend on their next sale to cover their expenses.

You can begin by holding down a full-time job and exclusively representing individuals within your personal network. You can expect honest feedback from them, which will help you gain experience rapidly.

Disadvantages of Being a Part-time Agent

Time limitations can place overwhelming stress on a real estate company. Customers anticipate their agent to be accessible as frequently as needed until their transaction is finalized.

Certain potential clients may lack confidence in an agent who works part-time. Be ready with a response in case clients inquire about why you are only working in real estate on a part-time basis.

Spending less time on growing your business, meeting clients, and marketing your services may leave you lagging behind full-time agent competitors if you lack patience.

A full-time agent may need several months to land their initial listings. The typical part-time agent must possess great patience, strong interpersonal skills, and time management to achieve their first sale.

Questions to Consider

Consider these questions before beginning a part-time real estate job:

Are You Able To Adapt Your Schedule Easily?

Your client holds the power as a real estate agent. Although boundaries are important and necessary, the key to your success lies in the success of your clients. When your initial job gets busier, you can't just disregard them.

Customers anticipate your availability during their own availability. Failure to do so may result in your clients switching to a more accessible agent. If your primary work schedule does not permit daytime travel, ensure you can answer calls and respond to emails during work hours.

Can You Sustain Yourself Financially With Your Main Source Of Income?

Your main source of income for the first few months of your real estate career may need to come from your primary job. You must verify that your income will be sufficient to sustain yourself and pay for your real estate studies.

Can You Work At Odd Hours?

Numerous real estate agents who work part-time often end up working extended hours during evenings and weekends in addition to their main job. Real estate agents work around their client's availability. This implies that they must be present when clients wish to view various properties or have inquiries, which commonly occur outside of regular work hours.

Certainly, licensed real estate agents have the flexibility to choose the number of clients they wish to serve, whether it be few or many. Nonetheless, your earnings and lifespan are determined by the quantity of sales you make.

Tips For Being a Successful Real Estate Agent While Working Part-Time

Establish Your Timetable

Schedule specific times for various real estate activities, such as prospecting, hosting open houses, and being available for calls. Inform your clients of the optimal times to reach out to you to avoid missing their phone calls. Being adaptable is important, especially when your clients have unpredictable schedules.

Your success is dependent on how you allocate your time. Emphasize quality leads, quality clients, and quality real estate. Find a way to balance your current job with other responsibilities. Establishing specific time frames for each task you must complete in both roles will help you succeed.

Create a Marketing Plan that Gets the Job Done

An effective marketing plan for real estate can bring in leads around the clock and create interest effortlessly. Not having a dedicated real estate website may make you appear as low-effort, causing clients to not view you as the top option.

Put Your Money Into Technology That Saves Time

Rapid advancements in real estate technology are being made to align with the needs of a modernized and increasingly knowledgeable customer base. To begin, every real estate agent should have a CRM system and a real estate website. Your lead generation machine relies heavily on your CRM and real estate as its foundation.

Your website informs users about your purpose and gathers online leads that are directed to your CRM. Every lead you receive from different sources should be collected in your CRM. Your CRM will assist you in keeping track of your clients' progress in the purchasing journey, managing their contact details, and ensuring timely follow-ups.

Focus on Your Unique Skills And Abilities To Stand Out

Although you may work as a part-time agent, you possess a unique talent that sets you apart from other agents. To maximize your real estate investment, identify and highlight your distinctive qualities. Next, start looking for a specialized market.

Being very precise about your contributions and target audience will simplify marketing and attract their attention. Next, articulate your distinctive value proposition in order to easily present yourself in any given circumstance.

Rely on Your Team

Belonging to a successful real estate group provides you with a safety net and support when the workload becomes too much to handle. We're not recommending that you dump your tasks on your team, but you should be able to rely on each other for help when needed. You can assist each other in scheduling appointments or answering calls when one of you is not able to.

Conclusion

Being a part-time real estate agent gives you the advantage of having additional time to generate income from various sources. Nevertheless, working as a part-time agent is not exactly easy. You might have a reduced number of chances with clients and/or brokerages.

Burnout can occur if part-time employees lack proper time management skills or fail to comprehend client expectations. Nevertheless, implementing the proper strategy and techniques can simplify and reduce the intimidation of transitioning into part-time real estate.