Holding another job that offers a steady income can be a challenge but it is possible nonetheless. For example, starting out as a part time real estate agent can set you up for a better future, and give you additional funds for necessities.
This does not mean you are unqualified to be a professional agent. Maintain your service quality and you can make a good living. The key is to maintain a clientele you can manage without dropping quality or compromising schedules.
However, like most part time professions, you will face some challenges that your fulltime counterparts may not. Here are some tips and advice on what you can expect.
Brokers Will Be Hard to Find
Brokers usually hire fulltime real estate agents to work for their agencies. Their job is to provide office space, systems, phones, and a client base. Most will be unwilling to provide these resources to an agent who doesn’t give at least 8 hours each day to the job.
However, the good news is that with advancements in cloud based technology, today’s brokers are more willing to hire part timers who can work remotely. If you can find one, all you will need is a conference room for client meetings. On the other hand, you may not get the same number of leads as full timers, which is fine since you won’t be working as many hours to accommodate more clients anyway.
You Don’t Have to be a Good Salesperson
If you are good at selling, good for you. However, you don’t have to be a whiz at it to be a proficient agent, regardless of whether you work part time or full time. There are techniques you can use to set yourself apart from pushy… Click To Tweet
A good way to do that is to think of yourself as a consultant rather than an agent. That way, you can separate yourself from agents who are just in for the sales they can get. As a part timer, it would be a good idea to remain out of sales indefinitely or till you start working full time.
You May Need to Share Your Income
There will come a time when you will be unable to accommodate some clients due to a full schedule. At that time, there is no shame in asking other agents for help by asking them to accommodate those clients in their schedule.
That is better than losing a client and possibly, your hard earned reputation. However, chances are the agent you solicit may have their own hands full as well. In such cases, you may have to compensate them for their time by giving them a bigger share of the proceeds. Work this out in advance to avoid eleventh hour mishaps, and to ensure they know how to handle your clients.
You May Become a Fulltime Agent
With enough time and experience, most part time agents go full time and quit their day jobs. That time is different for every agent, so there really is no pressure. If you make the transition too early, you risk losing clients and an extra source of income. Leave it too late, and you may burn out as your clientele increases.
Consider going full time if you:
- Have a client base that is showing consistent growth plus referrals
- You make enough to quit your day job
- You cannot find time or energy to devote to 2 professions at the same time
The bottom line is starting a career in real estate as a part timer is a good way to start out in this industry. If the journey leads to a successful full time career, all the better.
Texas All Lines Insurance Adjuster (Classroom Equivalent)
If you are ready to make the leap as a fulltime Texas real estate agent, sign up for the Texas All Lines Insurance Adjuster (Classroom Equivalent) course via 360Training.com today.
The All Lines license allows adjusters to work claims in commercial and residential real estate as well as automobiles, farms, workers compensation, and cargo sea vessels. The course is designed to prepare students for the final exam that will certify them as insurance adjusters in Texas. Sign up for the course today.