The full time experienced agent will give you grunt work to do, but that way you learn the business. By the time you are free to devote yourself full time you will have learned much by osmosis, hopefully your employer will be something of a mentor as well. I would advise that you seek compensation on an hourly or per task assignment. Contingency pay is for those licensees that are earning a commission, a contingent fraction of a fraction that is entirely in some one else's hands is a recipe for disappointment. Your mentor should be currently successful enough to offer you straight piece work or hourly compensation.
Today the busiest folks in our business are the REO listing agents. Seek out those people and ask for hourly work, (clerical OK) I expect you'll get a good response and useful on the job training.
I know of a great manager in Walnut Creek at the Keller Williams office. If you want his name to set up an interview, let me know.
- Mario Pinedo, CCIM
First off, congrats on getting your license.
IMO, both of the previous answers are pretty much dead on with their advice. I think finding a job as a licensed assistant for a top producer would be a better fit than working as a part time agent while still learning the ropes.
BTW - we have all the systems in place to support this effort.
Most clients are looking for someone solid, doing it full time.
You are not wasting your time.
Any broker that thinks you are wasting their time is more concerned about them than you. Why would you want to land there?
You would be doing your client's a service. Your very questioning reveals your character and integrity - what client's want most.
Feel free to call, email or IM me - John - TheHarperTeam.com
KW is interested in full-time agents who want to have careers worth having. Teams are created by top producers and the team leader does not dictate who is part of a team and who is not. A team leader will decide if an agent is a good fit for KW. At KW we have two types of teams. The whole group of agents in a market center is referred to as the "team as we like to help each other as opposed to compete with each other in an unhealthy way. We are all part of the same team, not just part of the office. The other type of team is created by individual agents. For instance, I could start a team consisting of a buyer's agent, an assistant, transaction coordinator and marketing expert. I'd be the one who decides who works on my team and who doesn't. My team leader can't put anybody on my team. The team leader does not have part-time agents doing grunt work for him/her. We either have associates who are selling real estate or staff that works in salaried positions. If you want to know what the KW business model is, I would recommend you read the Millionaire Real Estate Agent by Gary Keller. I would recommend the book to all agents, no matter what company they work for. It's a proven business model that does not just work for real estate agents but anybody who is in the lead generation business. Good luck to you. I truly hope you'll be able to find a broker who is willing to take you under his/her wings and help you get into the business on a part-time basis.
Keller Williams will take new, part time agents and put them on a "team."
You probably will not make any money to speak of but you will learn the basics because you will be doing the grunt work for a team leader. It is their business model.
You asked a lot of questions but you did not ask if you could make any money working part time.
The answer to that question is going to be no.
If you want to learn the real estate business and you don't care if you are compensated for your efforts or not, the answer is yes. You'll get first hand knowledge... you just will not make any money.
You started by saying you wanted to learn the ins & outs. This you can accomplish.
Any reputable broker will tell you what my fellow Realtors have already said; this is not a part-time job.
However, you would be ideal as an assistant, and the position would be ideal for you, as well. You could learn so much! And, when you have the time to devote to real estate as a full time career, you will be at a huge advantage! As a matter of fact, if a part-time assistant position interests you, give me a call. We may need your services, and I work with 75 other Realtors in my office who may also be interested in hiring you. Best wishes!!