In this market, to leave a paying job and consider real estate a "full time" business is NOT a sound move financially.
Our recommendation is to do RE in addition to your other responsibility....don't get hung up with "full time or part time." Remain focused on what you need to do to accomplish your personal goals.
If real estate is for you.....things will work out and you will find a way to be successful.
"This above all, to thyne own self be true."
Instead of just hanging your license with a broker and being another member of a crowd, Iâ€™d think seriously about contacting the larger teams in your area. Team leaders are often looking for aggressive new agents who are willing to go with a lower split in exchange for the added benefits that come from being inside a large successful team. And you will be able to see a large volume of transactions from the inside of a well oiled machine.
I am a part-time realtor. and have a full-time professional job in the legal field. I began my part time realtor status two years ago. So far, I am doing well and you will too if you are determined, organized and committed. You will be taken more seriously by your interviewing brokers or developers once you have your license. In case no one has told you, once you get licensed and employed there are alot of extra fees and costs you will incur...multiple listing service fees, realtor fees, lockbox & display key fees, cell phones, desk fees, etc...Some of the equipment you will need are a good smart phone with a good minute plan, a computer (I personally use and love my Toshiba Satellite with Vista Premium), a GPS unit to help you locate properties and a commitment to organization.
Find a broker or land developer that will allow you to work part-time on the weekends and a couple of evenings a week. Once you have hung your license somewhere, create a good promotional website and send out a well written announcement letter via email and snail mail that you are actively in the business...send it out to everyone you know. Pass your business cards out like candy, give them to friends, family, co-workers, your hairdresser, mechanic, waitress, gardner, etc...if you are speaking with someone--pass them your business card. If you have specific questions, contact me, I'd be happy to speak with you.
Shirley Dugger, Sales Associate
Collins Realty Group, Inc.
Welcome to the Real Estate Industry! This is a great career and most do start with a part time position until they get some experience under their belt. Might be a good idea if you become a Licensed Assistant? Do you have any experience in any part of the housing market? If not, working as a volunteer would be a GREAT way to learn and start out. There are many agents out there that can use some help. I would suggest you contact local Broker's and see if their agents are looking for an intern while you are going to school. I know if you where in my market, I would be willing for you to get involved to learn the business...as it would benefit both of us. I would suggest that you call local office's...better yet one that you would like to work for, if you have decided. If you are not sure which one you want to work with...then just call the local broker and ask them if you made up a flier seeking interest if there are any of there Real Estate Agents on staff that need help with Open House's or other leg work....in exchange for getting your feet wet on contract writing etc. I am sure you will find the real life experience that you need. That's what I would do. OH! most Broker offices have mailboxes for the Real Estate Agent who work in the office and the front desk may be willing to make you copies instead of you making the copies and paying for them. It does not hurt to ask.