Top 4 Tips to Become a Real Estate Agent as a Side Job
Becoming a real estate agent is a serious commitment. It takes time, dedication, and willpower to be successful. However, you can make a great return on your investment, even with real estate a part-time job. Are you ready to jump into real estate and start making good money? The tips below can send you on the path to success.
Get Started Today
The quicker you begin, the sooner you can take advantage of the housing market. To become an agent, you’ll first have to take online or in-person classes to develop industry knowledge and complete training. Next, you’ll have to pass a state licensure exam and obtain a license. Finally, you’ll need to keep your knowledge relevant by earning continuing education credits every couple of years, depending on your state. You’ll also need to keep up to date with the latest real estate trends, as the market changes constantly.
Sharpen Your Communication Skills
As a part-time real estate agent, you’ll need to be ready and able to help your clients when needed. Whether you’re explaining the tax implications of owning more than 10 acres of land or just talking your buyers through the home buying process, you’ll need to be clear, direct, and knowledgeable in your communication. If you want to be taken seriously, your written, text, and e-mail correspondence should have correct grammar and spelling.
Plan for Irregular Paychecks
If you’re looking for a side-hustle that provides a bi-weekly paycheck of a consistent amount, or you’re the type of person who stresses without a set budget in place, becoming a real estate agent may not be for you. Your commission is your paycheck, and that only occurs as often as you’re completing transactions. A lull in business may be beyond your control.
Become a Better Time Manager
Anytime you take on a second job, time becomes more valuable. That is even truer with real estate. When you’re showing clients homes or working with title companies, they need your undivided attention. If you work during the day but a client needs your attention during business hours, you may have difficulty navigating the relationship.
One way to rectify this issue is to work in tandem with another agent who works different shifts than you. This way, all hours of the day are covered for potential clients and you’ll never miss out. Plus, if you’re new to real estate a partner can help you learn the ropes. Of course, you’ll need to split commission, but half of a paycheck is better than no paycheck.