Become a Part-Time Real Estate Agent: Is It Right for You?

Article first appears: https://goldcoastschools.com/news/become-part-time-real-estate-agent-side-jobs/

Are you considering real estate as a side gig or part-time job? Real estate agents in Florida can earn impressive commissions working part time. However, you might be curious about what it’s like to be a part-time real estate agent. Here are some insights for those considering spending a few hours a week in the real estate industry.

Key Takeaways

• Part-time real estate is an excellent choice for individuals seeking flexible hours and extra income. It’s ideal for those with other commitments, such as family or a full-time job.
• Many agents start part-time to gain experience and build a client base before transitioning to real estate as a full-time career.
• While building a real estate career part time, agents can explore related side jobs, like property management, real estate photography, or home staging, to supplement income during slower times.

5 Common Reasons to Consider Being a Part-Time Real Estate Agent

Being a part time real estate agent in Florida is popular for many reasons.

1. Real estate can supplement your household income.

Many individuals pursue real estate part-time to boost their household income. It can be a highly lucrative endeavor. Even a few sales per year can increase your income considerably, as real estate professionals typically earn between 5 and 6 percent of a property’s sales price.

2. Real estate offers flexibility for those seeking work-life balance.

With flexible hours, being a part time real estate agent appeals to people with other full-time commitments or personal responsibilities. You can schedule client meetings around your own availability, allowing time for family activities or personal errands.

In real estate, there’s no one to answer to when you want to take a day off to go to the beach or have a leisurely lunch with a friend.

3. Some test the waters before going into real estate full time.

Many view part-time real estate as a stepping stone to a full-time career. Working part-time allows you to gain experience, build a client base, and grow your confidence while maintaining another job.

Keeping your full-time job also gives you a dependable income as you build your real estate business.

“The income potential in Florida real estate can be significant, but it’s important to have realistic expectations. New agents should be prepared for the possibility of a slow start. It’s wise to have a financial cushion to cover expenses during the initial months. Understanding the commission structures and the costs associated with marketing and licensing is essential.” Mehdi Khachani, CEO of JMK Property Management, said.

4. Real estate investors may work part-time to gain industry insights.

Some individuals work part-time in real estate due to a personal interest in properties, investment opportunities, or market trends. They may use this information and insight in their own investments as a way of increasing their passive income.

5. Real estate attracts people with an entrepreneurial spirit.

Real estate provides a sense of independence, allowing individuals to manage their time, clients, and workload at their own pace.

These reasons make part-time real estate a viable and appealing choice for people seeking flexibility and extra income without committing to a full-time role.

What’s drawing you to the real estate industry? Whether it’s the need for flexible work hours or the desire to supplement your household income with real estate commissions, remember that even as a part-time real estate agent, you’ll first need to obtain your real estate license.

Side Jobs for REALTORS®

Building your network and client base to secure your first client can take time. Some real estate agents report waiting several months before their first commission. Here are some side jobs for part-time real estate agents to bridge income gaps or add to their workload. Some are careers you can get with a real estate license, while others require other professional skills.

These related fields can help you grow as an agent and a professional:

• Residential or commercial property management
• Real estate photography
• Home staging
• Real estate consulting
• Teaching or tutoring
• Leasing agent
• Freelance marketing
• Social media management
• Blog writing
• Notary public
• Virtual assistant

Earning your license soon will provide multiple career options to help meet your income goals. In addition, they provide great experience for those new to the industry.

“I look for agents willing to take on rental leads in the beginning. It gets them experience and a little immediate income. Getting those “at bats” is key because they learn about different situations. If you only want to hold out for a million dollar sale off the bat, its a mistake. Pivot quickly but you have to get experience and rentals are great training grounds.” Jeff Lichtenstein, President & Broker of Echo Fine Properties, said.

Tips for Balancing a Part-Time Real Estate Career

Some part-time real estate agents struggle to work enough hours to grow their real estate side hustle. Others find it challenging to maintain a balance between work and personal life. Here are some tips for keeping a healthy balance as a part-time real estate agent.

Tip 1: Set clear boundaries.

Define your work hours and personal time to avoid letting real estate tasks take over your full-time job or personal life. Let clients know when you’re available so they have clear expectations.

Tip 2: Delegate tasks.

Consider outsourcing tasks like administrative work, marketing, or social media management. Virtual assistants can handle tasks that don’t require your direct attention, helping you save time.

Tip 3: Leverage technology.

Use digital tools and real estate apps to streamline your work. CRM systems, automated follow-ups, and online marketing platforms can help you manage clients and listings efficiently.

Tip 4: Practice self-care.

Make time for relaxation, exercise, and hobbies to recharge. Taking care of your physical and mental health is vital for long-term success.

Tip 5: Be realistic about your workload.

Don’t overextend yourself by taking on too many clients or responsibilities. Focus on quality over quantity, and only commit to what you can manage without sacrificing balance.

Tip 6: Work with a team.

Part-time agents often find success by working with a team. This setup ensures that clients receive immediate attention while agents work the hours that best fit their schedules.

By setting clear boundaries, prioritizing tasks, and maintaining a healthy work-life balance, part-time real estate agents can enjoy the flexibility of their careers without sacrificing personal well-being.

Steps to Becoming a Part-Time Real Estate Agent in Florida

Learn the details of how to become a real estate agent in Florida. Here’s a summary of the steps:

Step 1: Meet basic requirements to become a real estate agent in FL

To earn a real estate license in Florida, you must be at least 18 and have a U.S. Social Security Number and a high school diploma or equivalent (GED). Non-citizens must have legal permanent residency and a valid U.S. Social Security Number.

Step 2: Complete pre-licensing courses

Enroll in a 63-hour pre-licensing course from a state-approved real estate school

Step 3: Pass a background check

Complete fingerprinting at a LiveScan location and provide information about your legal history.

Step 4: Submit your license application

Complete an online application and pay the application fee.

Step 5: Pass the Florida real estate exam

Pass a standardized test covering state and national real estate laws and practices with a 75 percent or higher

Step 6: Connect with a real estate brokerage

Licensed agents in Florida must work under a broker’s supervision. Many new agents connect with brokers through career fairs at local real estate schools

Can You Be a Part Time Real Estate Agent in Florida?

Yes! Real estate makes a great part-time gig. Whether you plan to work part time or full time, enrolling in prelicensing courses is the first step to starting a career in real estate. Gold Coast Schools offers in-person, live online, and flexible self-paced online prelicensing classes in Florida. Taught by experienced instructors, these courses provide the knowledge you need to get your license soon and tools you need to succeed in your real estate career.