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Started By
Message
real estate license/side job
Posted on 10/19/23 at 10:45 am
Posted on 10/19/23 at 10:45 am
I've been thinking about becoming a real estate agent part time. Have not done really any research yet, just been thinking about. 1st off, anyone can help me out with the first few steps of obtaining a license? And any advice on if it is even worth pursuing? I would be interested in being a real estate agent for large properties of land...
11
Posted on 10/19/23 at 10:51 am to Coach85
Are you a hot chick?
Posted on 10/19/23 at 10:52 am to Coach85
In a cooling housing market and rising interest rates?
Posted on 10/19/23 at 10:59 am to Coach85
quote:
Coach85
Member since Dec 2012
10 posts
quote:
part time
Checks out
Posted on 10/19/23 at 11:09 am to Coach85
quote:
I would be interested in being a real estate agent for large properties of land...
Do you know a lot of people who own these types of properties who would trust you to facilitate the sale? Or do you know a lot of people with the will and the means to purchase these kinds of properties?
If not, think about why someone who does would go with you. What do you bring to the table that others do not.
This post was edited on 10/19/23 at 11:10 am
Posted on 10/19/23 at 11:15 am to Coach85
What's your end goal? Are you really familiar with the land around you? Are you well connected and have a robust social network? These are the first things I would think of.
A new agent has to work under a brokerage. Absolute horse shite system, but you can't just get a license and start winging out deals as they come up. That brokerage may or may not have any specific requirements for work, but you can decide based on that.
Not to be the "it's too late to start" person but I'd assume that there are already some well established people in your area and even at whatever hypothetical brokerage you end up at that you'd have to try to displace. That goes back to your knowledge of the area and your social network. If yes to both of those, then you at least have a leg up.
If you're talking about dealing with large tracts of land then presumably you're looking at a bunch of inquiries and long deal cycles with a lot of negotiation and possibly several trips out to the land that often might end in no deal.
I think the real estate licensing is easy, and I think you can find a brokerage that will take on people, it would just come down to 1 do you want to commit the weeks to learning and taking the licensing exam and 2 do you want to start engaging in the sales process on that land.
A new agent has to work under a brokerage. Absolute horse shite system, but you can't just get a license and start winging out deals as they come up. That brokerage may or may not have any specific requirements for work, but you can decide based on that.
Not to be the "it's too late to start" person but I'd assume that there are already some well established people in your area and even at whatever hypothetical brokerage you end up at that you'd have to try to displace. That goes back to your knowledge of the area and your social network. If yes to both of those, then you at least have a leg up.
If you're talking about dealing with large tracts of land then presumably you're looking at a bunch of inquiries and long deal cycles with a lot of negotiation and possibly several trips out to the land that often might end in no deal.
I think the real estate licensing is easy, and I think you can find a brokerage that will take on people, it would just come down to 1 do you want to commit the weeks to learning and taking the licensing exam and 2 do you want to start engaging in the sales process on that land.
Posted on 10/19/23 at 12:30 pm to Coach85
This comment
is a sign of this
EVERY real estate agent want this particular property. And that is where people want experienced agents. . . and where they won't use a side gig guy.
Good luck.
quote:
I would be interested in being a real estate agent for large properties of land...
is a sign of this
quote:
Have not done really any research yet, just been thinking about.
EVERY real estate agent want this particular property. And that is where people want experienced agents. . . and where they won't use a side gig guy.
Good luck.
Posted on 10/19/23 at 12:37 pm to BabyTac
Honestly if you’re wanting a cush job for an electric utility or oil company their ‘land man’ is usually a real estate guy. He always seemed to just ride around west Texas drinking beer and buttering up landowners.
Posted on 10/19/23 at 2:27 pm to BabyTac
quote:
Are you a hot chick?
They never quite look like those glamour shot stock Latter and Blum photos, do they?
Posted on 10/19/23 at 3:30 pm to Thundercles
I’ve actually thought a lot about this. I have multiple engineering degrees and have a career in that field. My employer does a perfect job ensuring I’ll never have enough time to even think about a side gig. However I have a deep passion for timberland and rural real estate, and I think often about trying to do it in retirement. I’ve bought land and one thing has always stuck out to me: in less than 10% of situations has the agent I contacted (usually listing agent) known more about the land than I did. I usually contact the listing agent because I’ve never met a buyer’s agent that would call me back a second time.
Downsides to my plan are numerous, but I can’t help but think I could so easily outwork these folks enough to make some walking around money, if not a second career.
Downsides to my plan are numerous, but I can’t help but think I could so easily outwork these folks enough to make some walking around money, if not a second career.
Posted on 10/20/23 at 8:45 pm to Coach85
Why would anyone hire a part time agent?
Posted on 10/20/23 at 9:37 pm to Coach85
Absolute worst time in history to try and get a real estate license.
Sale volume is basically at Great Financial Crises levels.
Sale volume is basically at Great Financial Crises levels.
Posted on 10/21/23 at 5:53 pm to Coach85
Don’t
Posted on 10/22/23 at 7:12 am to Coach85
Sounds tough to me.
Work every weekend.
Evenings.
Work every weekend.
Evenings.
Posted on 10/22/23 at 9:36 am to makersmark1
Hey Turkish, what’s a good email for you? What city are you in?
Posted on 10/22/23 at 10:30 pm to Coach85
Do you know how many real estate agents make decent money doing it part time?
If you thought the answer was none, you’d be pretty close. I would bet at least 75% of them earn 10k or less.
If you thought the answer was none, you’d be pretty close. I would bet at least 75% of them earn 10k or less.
Posted on 10/22/23 at 11:24 pm to llfshoals
I always get a chuckle out of people who are thinking about dabbling in the career path of a real estate agent. My mom has been in residential real estate for 40 yrs and she’s by far one the hardest working people I’ve ever known…nights, weekends, vacations, etc. She’s always on call and working on a deal. Can’t imagine someone having any success doing it part time outside of the odd friend or family deal where u agree to cut your commission in half to get the business.
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