The Pros and Cons of Being a Part-Time Real Estate Agent
Part-Time V. Full-Time Real Estate Agents: Which is Better for Me?
If you’re interested in becoming a real estate agent, you might have heard you can enter the field part-time. And that’s true! However, it would help if you considered a few pros and cons before joining the profession as a part-time agent.
And what’s a better way to help you understand being a part-time agent than by comparing and contrasting the workday, employment options, and pay of part-time and full-time real estate agents?
Time working with buyers and sellers
Full-time agents will be spending more time and energy doing business. They will grow their network and possibly sell homes faster than part-time agents. They have more time to establish personal brands, more experience in contract writing and negotiating, and better communication skills.
However, part-time agents can do all of this as well. Since they’re working fewer hours, building their brand and network will take a lot more time.
When you’re a part-time agent, your time is invaluable. So it would help if you used it to help you further your career and sales portfolio.
Who Has Better Schedules?
Full-time real estate agents have the advantage here. Since they work longer hours, they can control their schedules much better than part-time agents. They can meet with clients regularly and spend more time learning real estate, building experience, and networking.
Part-time agents will always be doing something. They’re always busy, meeting with clients, closing a sale, or attending sales meetings.
However, part-time agents do have an advantage. Since they know which days they can work, they can set an hour or a day to focus on a specific aspect of their job (networking, showing homes, meetings, etc.). It just takes a bit of time management to make a part-time position work.
Who Has Better Chances of Employment?
Brokerages prefer real estate agents who are full-time. Brokerages have to invest a lot of resources into training and aiding their real estate agents to be the best they can be for buyers and sellers.
However, a sufficient amount of brokerages will take part-time agents. Most brokerages know people will test the waters by becoming part-time real estate agents. As such, they benefit by having more up-and-coming agents and can theoretically sell homes faster and much more effectively than their competitors.
Ability to Pursue other Endeavors
Part-time agents have the upper hand here. Since they have more free time, part-time agents can pursue other endeavors such as other jobs, volunteer work, further education, and hobbies.
Which One Makes More?
That’s not a question we can answer. Since a real estate agent is a sales position, a part-time agent can make just as much or more than a full-time agent. It just depends on how effective you are at the job.
Which Should You Choose?
That depends on your circumstances. If you’re interested in real estate but unsure if this career will be a good fit for you, perhaps you can test the waters by going part-time. You can learn more about the job you are interested in while maintaining another source of income.
But if you have previous sales experience, and know this is a good fit for you, maybe you consider joining the profession as a full-time agent.
But there’s a great way to know which position works best for you. Make a list of the pros and cons of being a part-time and full-time agent. Once you do, you might have your answer.
And if you have any questions about becoming a real estate agent, don’t hesitate to contact us. We’re eager to help however we can.