Can You Be a Part-Time Real Estate Agent?

Is it possible to work as a part-time real estate agent? Since you are an independent contractor, meaning you set your hours, you can work as a part-time real estate agent. But it isn’t a good idea primarily because working part-time will create time constraints on meeting with clients. When selling real estate, you must accommodate your client's needs, not the other way around. As a result, they may opt to work with another available agent.

Difference Between a Part-Time and Full-Time Agent

Florida doesn't have separate requirements for a full-time or part-time agent. Both full-time and part-time real estate agents must fulfill the following criteria:

  • Take and complete an accredited 63-hour pre-licensing course,
  • Submit an application for licensing, the fee, and fingerprints to the state.
  • Pass the licensing exam with a score of 75 or higher.
  • Activate your license and join a brokerage.
  • Complete a 45-hour post-licensing exam before license renewal two years from the initial exam.
  • Take other CE courses as necessary.

Since the requirements for both full-time and part-time agents are the same, the only thing that will distinguish the two is the amount of time spent doing real estate work. As an independent contractor, you determine when and how often you should work.

Pros and Cons of Working Real Estate Part-Time

Although your goal may be to work part-time, you may have to perform plenty of long hours in your first year as an agent. After all, this new role won't be a job. Instead, it is a small business, and to be a successful real estate agent, you will have to wear many hats. These roles may include administrative tasks, marketing, writing listings, hosting open houses, tracking your earnings for tax purposes, and other business tasks.

While helping your clients buy and sell houses is your overarching goal, you may have few people helping you. So, your success will depend on you. Your broker may provide pointers on marketing, commission structures, and other sales-related activities. You could even hire people to help with administrative tasks. But since you don’t know how often you will get paid, it isn’t a good idea to start hiring people for roles in your real estate business. This could come later once you start making consistent money.

So, what does this mean for those who only want to work in real estate part-time? You will have a lot of work ahead of you.

Working part-time is advantageous to gain experience while maintaining a full-time job. This will allow you to discover if real estate is for you. If you take the plunge and don't like it, at least you still have your full-time job.

Another reason to work part-time is if you have other responsibilities and want to earn while maintaining a flexible schedule. Working as a part-time real estate agent can be rewarding if you seek a better work-life balance.

While there are advantages to working part-time, there are also disadvantages. One of the most apparent disadvantages is the minimum time you can devote to your career. Being a real estate agent can be hard, particularly in the first year.

Another disadvantage is working part-time may take longer to succeed as an agent since you work less.

Tips on Being Successful as a Part-Time Real Estate Agent

Although working as a part-time agent is discouraged, there are times when it is necessary. One of the most important tips to be a successful part-time agent is transparency with your brokerage. Some brokerages are open to hiring you part-time, but some aren’t. So, be sure that you let your broker know your intentions. Besides being transparent, here are a few other ways to maximize your success as a part-time real estate agent.

Focus on Getting Leads

Sphere of influence is an important phrase you may hear in real estate. This includes family, friends, former colleagues, associates, and others who are in the market for buying a home. It is ideal if you focus on lead generation to be a successful real estate agent, whether part-time or full-time. Spend most of your time finding and working with qualified leads, and you will be well on your way to success.

Stay Committed to a Set Schedule

With so much control over your time, it may be tempting to flip-flop with your schedule. One day, you may do two hours of work; another day, you may do 10 hours, and so on. However, consistency is critical, especially since you're working part-time. Instead of working randomly, it is ideal to establish a set schedule and stick to it.

Manage Your Time Well

In addition to setting a schedule, you should ensure you're being productive with your time. Since you'll be working part-time hours, you'll have to get as much done as possible with less time. So, this means quality time over quantity time.

Are your social media pages really bringing in people interested in buying or selling homes, or is this a distraction? Is the email you’re responding to going to assist with your business, or is it totally unrelated? Are you watching Netflix and chilling when you should be calling prospects? To be successful as a part-time agent, you will need to cut out the distractions that don't help you get qualified leads, which can ultimately help you earn.

Frequently Asked Questions

Is it easier to be a part-time real estate agent?

Being a real estate agent can be challenging, whether part-time or full-time. In either instance, you get back what you put into the job.

Can I make quick money working part-time?

If you're looking for quick, easy money, consider working an hourly job. Whether you're full or part-time in real estate, earning money can be challenging. You only get paid after all transactions are complete. Since a house closing in Florida may take over 30 days, this is unlike a part-time job where you can get quick, easy money.

Will I get a base pay as a real estate agent?

All agents, whether part-time or full-time, are commission only. So, you only get paid when you sell. Typically, brokers don't offer a base pay or a commission draw.