Transitioning to a full-time real estate career can be quite a challenge. Because the change into a new career can be difficult to do all at once, some agents choose to continue working part-time. Fortunately, many real estate schools offer flexibles options for education, allowing you to work part-time while you complete your real estate education. At the end of this time, you may know how to get a real estate license, but becoming a successful agent will take more than schooling.
Building up a list of clients is a process that takes time. The work you put into networking, meeting with prospects and planning with potential buyers may not pay off immediately. Building up a reputation so that clients recommend you to their friends can also be a slow process. You will have to work to really establish your business. Thinking you will have a line of people knocking at your door to go see houses right out the gate is an unrealistic expectation. Because of this, some agents opt to have an income during this period of gradual growth.
From the day you first meet a potential buyer to the point you where you have a commission in your pocket can take months. A buyer’s schedule for making a purchase may not align with your schedule for paying bills. It is important to either have savings available or work part-time to manage your expenses. When you’re used to a biweekly paycheck, you will have to rethink budgeting to make it last during slow seasons.
As you prepare for the place where you can practice real estate full-time, you can build up your client list and depend on an income during the interim if you work part-time. Just make sure that your other job allows you to step out from time to time to answer emails and phone calls or meet with clients. Some new agents find this strategy useful, while others have the connections and financial stability to jump in full-time. It’s up to you to determine which will work best for you.