Being a part time real estate agent is a great way to get into the residential property business. There are many ways to be a part time real estate agent. You can do it as a lifestyle choice, for example, if you love going out and exploring new places, then being a realtor is your career.
You can also become a realtor by graduating with a brokerage degree or certificate. Then you can pick which areas of the market you would like to work in, depending on what services you offer and what types of houses appeal to you.
There are several other routes that individuals take before they decide to launch their own real estate agency. Some people start off working for an existing firm until they realize they want to run their own team, or vice versa.
No matter how you choose to go about it, if you’re passionate about properties and marketing them, then this article will help you learn more about becoming a part time real estate agent.
Create a website
Now that you have your license, you can begin looking for properties to list as a part time real estate agent! The first thing you will need is a way to advertise yourself as an agent. This is where having a great internet presence comes in handy.
You can easily create a personal Facebook or Google profile to promote your business. But instead of only promoting your services, you can also start selling products online as well.
By creating an Etsy account, for example, you could sell things like decorations or small furniture to make your home more inviting. Or you may want to try Amazon, where you can do drop shipping and earn extra money per item sold.
There are so many ways to make money online without being full-time staff, which is why it is important to test out different strategies before investing in what seems promising. You don’t want to lose all this hard work just because you ran into too much competition or no one was buying from you.
Get certified
Being a real estate agent is not an easy job, it takes lots of preparation and certifications to become one. There are several ways to get started as a real estate agent while working part time. The easiest way to go about this is by getting your broker’s license first before becoming a salesperson.
Under federal law, all brokers must be licensed, so this is a great way to begin! Most states require you to be at least eighteen years old to apply for a broker’s license, however, some may have lower age requirements. Some states also require people who want to work as brokers to hold a general business degree or certification in marketing, but these things are not always required to work as a broker.
Now that we’ve covered what needed to be done to obtain your basic broker’s licence, let us talk about how to start working as a real estate agent without having full-time employment. Here we will discuss two main options; being sponsored by another professional Realtor or becoming self-employed.
Pick your days and times
Being a part time real estate agent is not for everyone, but it’s definitely possible if you choose your days and times wisely. You can be a full-time employee who does some extra work here and there or you can pick certain days of the week to drop in performance as an agent and go out without being bothered about it too much.
The main thing to remember when deciding whether or not to become a part time real estate agent is that you will need to know how to do your job well. If you feel like you cannot perform your duties to perfection because you are busy somewhere else, then don’t risk it!
You would also want to make sure that everything gets done properly, and that all the rules apply equally to both temporary agents and fully licensed ones.
Offer a service
Being a part time real estate agent is not like being an actual licensed broker or salesperson, where you are paid full-time salaries. Rather, as a part time agent, you can offer your services for compensation by offering a specific service or products that match what your client wants to buy or sell.
This is different from being a working retail salesman because you will be focused more on producing results than spending hours preparing new materials to pitch your clients.
As with any business, there’s a cost involved in running each one, which includes marketing expenses, website fees, professional liability insurance, etc. However, some of these costs can be minimized if you are smart about it.
Here are some tips for starting up as a part time realtor.
Make a marketing plan
Being a part time real estate agent is definitely not easy, but it is possible! To be successful as a part-time agent, you have to know what strategies will work for your business and how to implement them.
You must develop a strong understanding of the market, property types, and areas where potential clients are likely to search for homes. This way, when they do look up properties, you’re ready with a creative campaign.
Many agents start their careers full time before deciding to become a part time agent. While this is great if you want to spend every day working in the industry, it may mean missing out on some valuable experience.
As a young professional just starting out, you may feel that having a full time job takes away from your opportunities as an aspiring real estate agent. It is important to remember that being a part time agent is a good choice — it can even be a better choice than running your own business completely at times.
Practice marketing
Being a part time real estate agent is not very expensive, but it does require some practice of marketing. You will need to know how to advertise your services as an agent in order to grow your business quickly.
Practicing your advertising skills can be done through different mediums such as social media sites, word-of-mouth, flyers, magazine advertisements, etc. There are many ways to market yourself as an agent so you should try them all!
Some things that could help you gain more clients include putting up pictures and videos about what you offer and talking about it, having photos of yourself doing something promotional, producing professional looking ads, and creating catchy slogans or advertisements.
Having a website set up just for your business is also important since people look at websites before making a purchase. Your site can contain information about who you are, what you do, contact info, and advertisement ideas.
Find your clients
As mentioned before, being a part time real estate agent means finding ways to market your services to potential customers. You can do this by creating or joining an organization that does some of the work for you, becoming a member of different real estate boards, putting up signs to advertise yourself, and meeting with other agents in the area to get their business.
By offering your service at a lower price, you will definitely find more customers than if you were working full-time.
But before you start advertising, make sure you have enough money to survive without a job! A good source of income is doing something you already know how to do – selling real estate.
Another way to find new clients is to go to open houses that are similar to yours and see who comes around. If they seem interested, you could offer to show them the house as well.
Be consistent
Consistency is one of the most important things to be as a part time real estate agent. This means showing up at your designated meetings, setting your own schedule, being accessible when people call you or email you, and staying in communication with clients.
As mentioned before, being a part time real estate agent comes down to investing in yourself by educating yourself about the industry and practicing your craft. With that said, there are several ways to promote yourself as an agent while still having other commitments.
You can choose to do some under the table work by posting advertisements or listing properties online without using your full name and agency affiliation. Or, you can just start out as a part-time agent and add hours to your business later.
