can you be a part time real estate agent

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Being a part-time real estate agent meansyou have the freedom that not many have,especially considering the fact that the vast majority of part-time realtors are independent contractors. Your business can be as small or as large as you want.

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Starting out as a part-time real estate agent could mean the difference between success and failure if commissions are slow to start. There are many agents out there who have remained part-time their entire career. Perhaps it’s a single parent who can’t devote full-time, or a business person using real estate as an adjunct to their career.

Just like full-time agents, there no salary for part-time real estate agents. Real estate agents earn commissions when they close a sale or when they refer someone who closes a sale. Most real estate agents earn a commission of 2.5% to 3% on each sale, and 25% of the commission on a referred sale.

While some brokers are only looking for career-oriented, full-time realtors, others are happy to take on anyone with a license. Your options in terms of real estate companies to work for might be limited compared to your full-time colleagues, but there are indeed brokerages that will hire part-time real estate agents

Though split and cap amounts vary from broker to broker, part-time agents should expect to pay as much as 50% of their commission to their broker. To make your part-time real estate business profitable, you檒l need to earn more in net commission income (NCI) than your expenses.