Become a Part-Time Real Estate Agent: Is It Right for You?

Are you considering real estate as a side gig or a part-time job? Real estate agents in Nevada earn great commissions working part time. However, you may wonder what it’s like to be a part-time real estate agent. Here are some insights for those considering working a few hours a week in the real estate industry.

Key Takeaways

• Part-time real estate is an excellent option for individuals seeking flexible working hours and supplemental income. It is ideal for those with other commitments, such as family or a full-time job.
• Many agents start part-time to test the waters before transitioning to a full-time career, allowing them to gain experience and build a client base.
• While building a real estate career, agents can explore related side jobs, such as property management, real estate photography, and home staging, to supplement income during slower periods.
• Maintaining a work-life balance is crucial for part-time agents, who should set boundaries, leverage technology, and possibly work with a team to manage their workload efficiently.

5 Common Reasons People Pursue Part-Time Real Estate

Real estate is a popular part-time job for many reasons.

1. Real estate can be used to supplement your household income.

Many individuals work in real estate part time to supplement their primary income. It can be an extremely lucrative pursuit.

2. Real estate can be an excellent part-time job for someone seeking work-life balance.

Real estate allows for flexible working hours, which is appealing for people with other full-time commitments or personal responsibilities. You can schedule client meetings for times convenient to you so you can attend your child’s track meet or run errands for your elderly parent.

3. Some test the waters by working in real estate part time – before transitioning to the industry as their full-time job.

Some see part-time real estate as a stepping stone to a full-time career, allowing them to build experience, a client base, and confidence while maintaining another job.

4. Real estate investors may pursue the field part time to gain insights and information.

Many pursue real estate part time because they are personally interested in property, investment opportunities, or market trends. This passion can turn into a career over time.

5. Some are drawn to part-time real estate because they have an entrepreneurial spirit.

Real estate offers a sense of autonomy, allowing individuals to manage their time, clients, and workload at their own pace.

These reasons make part-time real estate a viable and attractive option for people seeking flexibility and additional income without immediately committing to a full-time role.

What draws you to the real estate industry? You may need flexible work hours. Maybe you want to supplement your family’s income with real estate commissions, which hover around 3% of a property’s sale price in Nevada. Regardless of your reasons, it’s important to note that even if you want to work part-time as a real estate agent, you must first earn your real estate license.

Side Jobs for REALTORS®

It might take a while to build up your network and client base in order to land your first client. Some real estate agents report going months before they earn their first commission check. Here are some side jobs for part-time real estate agents to help fill in the income gaps during the slow season or as an additional part-time job. These fields are related to the industry and will help you grow as an agent and a professional.

• Residential or commercial property management
• Real estate photography
• Home staging
• Real estate consulting
• Teaching or tutoring
• Leasing agent
• Freelance marketing
• Social media management
• Blog writing
• Notary public
• Virtual assistant

Some of these jobs, like those related to property management, might require a real estate license. Get your license soon so you have several career options available to help you meet your income goals.

Tips for Balancing a Part-Time Real Estate Career

Some part-time real estate agents don’t work enough hours and struggle to get their real estate side hustle off the ground. However, other real estate professionals struggle to maintain a work/life balance and spend every moment of their free time dedicated to work.

Here are some tips for maintaining balance as a part-time real estate agent.

Tip 1: Set clear boundaries.

Define working hours and personal time to prevent real estate tasks from spilling into your full-time job and personal life. Communicate your availability to clients so they know when they can reach you.

Tip 2: Delegate tasks.

To save time, consider outsourcing tasks such as administrative work, marketing, or social media management. Virtual assistants can help with tasks that don’t require your direct attention.

Tip 3: Leverage technology.

Use digital tools and real estate apps to streamline your work. CRM systems, automated follow-ups, and online marketing platforms can help you manage clients and listings more efficiently.

Tip 4: Practice self-care.

Make sure to carve out time for relaxation, exercise, and hobbies that help you recharge. Maintaining your physical and mental well-being is essential for long-term success.

Tip 5: Be realistic about your workload.

Don’t overextend yourself by taking on too many clients or responsibilities. Focus on quality over quantity, and only commit to what you can handle without sacrificing balance.

Tip 6: Work with a team.

Part-time real estate agents often find great success by working with a team. This approach ensures that clients receive immediate attention, and agents can work the hours that work best for them.

By setting clear boundaries, prioritizing tasks, and maintaining a healthy work-life balance, part-time real estate agents can enjoy the flexibility of their careers without sacrificing personal well-being.

Whether you plan to work part time or full time, enrolling in prelicensing courses is the first step to getting started in the real estate industry. Key Realty School has in-person, live online, and flexible at-your-own-pace online prelicensing classes for Nevada. Taught by experienced instructors, your real estate classes will give you the tools and information you need to succeed in your career.