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khizraji, Other/Just Looking in Levittown, PA

Part Time Agent

Asked by khizraji, Levittown, PA Wed May 9, 2012

Hi, I am taking an online course and plan to take the agent exam later this month. However, I plan to do this on the side since I have a full time day job. I believe I can leverage my contacts and community relationships to do a couple of transactions a year without trying too hard and am therefore looking to do this as my nights and weekends gig. That being said, how do I find a broker to sponsor me? Wouldnt most brokers be turned off by the fact that I'm not doing this 'seriously enough' to be worth their time? Do you know of firms or brokers in Bucks county who might be more open to sponsoring someone looking to do this as their second career? What're typical fee structures?

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Do a couple of transactions per year without trying to hard? Wow! I’m sure many of the brokers out there are loving this, grab Khizraji’s sphere of influence then be done in 2 or three years. Not to be rude but blunt, this is exactly whats wrong with the Real Estate Industry “take an online course and the exam” and poof you are a licensed agent. I’m not even going to rant about downsides to the consumer about this practice, which is actually a glorified business model in many areas of the country endorsed by Warren Buffett. Professional Full Realtors need to start to bring pressure on this this type of business model / mentality, this example is one of the main reasons I have a problem with the Keller-Williams business model since it encourages this type of agent since everyone gets a piece of the action of the newbie agent. Texas may be on the right path to solving this problem by requiring 210 hours of training and education, Pennsylvania only requires 60 hours of training. Khizraji, my advice to you is to do some more research and find out the statics for failure in this industry and the actual cost you will incur. You may find this may not be as lucrative & glorious as it looks.
0 votes Thank Flag Link Thu May 10, 2012
Khizraji,


There is nothing wrong with doing part time but you need to take it "seriously enough" because you are putting your reputation and the company's on the line with ivery nteraction of potential clients and the community.

I know a lot of part time and full time agents. I know PT agents that have become successful because they have to allocate their time very seriously, not saying a full time agent does not. you are a self employed person if you were work with a brokerage.

I believe a broker would be more concern if you not committed to the process. One thing I found real estate class did not teach was the actual business of generating income in real estate and this is a serios committment. From finding a mentor, conducting open houses, creating some leads, showing properties, listing appointments, buyer presentations, continued education , sales meeting, county, state, regional, & national conferences to attend.

What happens when your clients call and want to see a home Wed at 1pm?

Good luck
0 votes Thank Flag Link Wed May 9, 2012
Many agents start part time - f.e. college students - who do rentals and bpos.
There are two types of brokers (or sponsors) - one will be against a part time agent (not available for training, therefore potentially more liability), and another one being ok with your part time presence - as long as you make them money.

Check out different brokerages, and see where you'll fit best.
Fee structure depends on how much training/corporate influence is involved.
More corporation flavor - less money to agent, unless a super producer...generally speaking.

Hope this helps,

Irina Karan
Beachfront Realty, Inc.
IrinaKaran@gmail.com
0 votes Thank Flag Link Wed May 9, 2012
khizraji,

What do you mean by needing an agency to "sponsor" you. If you are seeking a broker to pay for your training/license/fees etc. for a seriously part time individual, this would be a very hard sell.

On the other hand, it you are speaking of obtaining your license and paying your own way, you will find that there are many agencies that welcome agents with part time ambitions. However, you may want to set your sights a bit higher because income from only a couple of sales a year may not be enough to cover your basic expenses.

There's always room for new agents, full and part time but the test of time usually sees committed part timers fall by the wayside once they realize what they have gotten themselves into.

Best wishes with your decision.

Bill
0 votes Thank Flag Link Wed May 9, 2012
Bill, they say sponsor meaning broker in NY and PA...
Flag Wed May 9, 2012
Good morning Khizraji,
At Keller Williams we are capable of having teams. With staying this, I have a small team and I have sponsored and trained new agents. If you contact me directly we can set up a meeting to discuss all your questions and any concerns you may have.
We are the #1 office in the county!
Chuck Bernard
Keller Williams Langhorne
Assoc Broker Pa&NJ
2672421369
0 votes Thank Flag Link Wed May 9, 2012
Hi Khizraji, I have some great ideas/suggestions or you. Email me in private with your contact info (or call me on your lunch break or after work). Much easier to speak live for 5 minutes. Congrats on doing this!

Eric Axelson, Associate Broker
Kurfiss Sotheby's International Realty
856.617.1212
axelson@kurfiss.com
Web Reference: http://kurfiss.com
0 votes Thank Flag Link Wed May 9, 2012
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