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#465642 - 08/14/19 02:07 AM Full Time Teacher---Part Time Agent??
Sm077 Offline
Junior Member

Registered: 08/14/19
Posts: 2
Loc: CT
Like the subject says, I'm a full time elementary school teacher. I have always been interested in real estate and becoming an agent, but there are several barriers preventing me from going forward.

One, I worry about how much time is needed to be somewhat successful doing this on a part time basis. I will certainly be able to put more time in during breaks and the summer (of course). In addition, the initial investment is about $1500, including the P&P course, license, and anything else I would need.

I've already done a bit of homework. I have a great agent with over 20 years experience willing to mentor me, and even let me tag along with her while I'm taking classes. I met with a Broker willing to take me on and show "me the ropes."

I get super bored sitting home, and I'm definitely a hard worker. So, is becoming a part time agent possible for me?

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#465645 - 08/14/19 12:35 PM Re: Full Time Teacher---Part Time Agent?? [Re: Sm077]
Bigtoe Offline
Major Contributor

Registered: 10/14/07
Posts: 2392
Loc: Outer Banks
Brokers will take on anybody who can fog a mirror so that means nothing.

Ask yourself this, if you were buying or selling a home would you want to work with an agent who is available when emergencies arise or one who is available on their schedule?
_________________________
Your Outer Banks real estate agent. Helping people buy and sell OBX real estate since 1989.

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#465660 - 08/15/19 03:18 AM Re: Full Time Teacher---Part Time Agent?? [Re: Bigtoe]
Sm077 Offline
Junior Member

Registered: 08/14/19
Posts: 2
Loc: CT
I of course would want my agent to be at my beck-n-call, however, I also know that is not always possible. And, although I would certainly get annoyed if I had to constantly work around my RE's schedule, I am a reasonable person (like most people) and know that life is give and take. I also have a great mentor that would have my back and meet with any client that I couldn't meet with should an emergency arise.

Beyond that, something that I would offer clients is a true motivation to help. Not that most RE's don't want to help their clients, I'm sure they do, however, since this would not be my main source of income, I am not dependent upon it to pay the bills, so any commission I make will only add to the pot.

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#465661 - 08/15/19 12:39 PM Re: Full Time Teacher---Part Time Agent?? [Re: Sm077]
Bigtoe Offline
Major Contributor

Registered: 10/14/07
Posts: 2392
Loc: Outer Banks
Most people are reasonable in the normal course of life. That all goes away under the pressure of buying and selling the single largest investment of their lives.

I am confused about how not needing the commission is a motivater. If anything, not needing the commission will motivate giving up when the going gets so tough you want to reach thru the phone and smack some sense into someone. You are underestimating the pressure involved.

You need to research the difference between a mentor, partner and assistant. As a teacher, do you cover for your students when they are too busy to do their work? Your mentor will be your teacher. Expecting them to cover for you will not work in the long term.
_________________________
Your Outer Banks real estate agent. Helping people buy and sell OBX real estate since 1989.

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#465700 - 08/20/19 02:16 PM Re: Full Time Teacher---Part Time Agent?? [Re: Bigtoe]
Z06Fanatic Offline
Veteran Member

Registered: 08/06/16
Posts: 512
Loc: US
Bigtoe is spot on with all of this. I wouldn't take this business on unless you want to go 100% at it - it's not a good side income given the stress you'll have to deal with. Almost every deal has an issue, clients get emotional and sometimes angry at you, Agents on the other side can be difficult, etc. This isn't for the faint of heart.

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#465746 - 08/22/19 12:27 PM Re: Full Time Teacher---Part Time Agent?? [Re: Sm077]
Bigtoe Offline
Major Contributor

Registered: 10/14/07
Posts: 2392
Loc: Outer Banks
Originally Posted By: Sm077
I also have a great mentor that would have my back and meet with any client that I couldn't meet with should an emergency arise.


This is the easy part. Working clients around your schedule is no problem and easily accomplished. The hard part comes after that.

Yesterday, on a house that is already under contract and set to close, an emergency arose with the loan. An addendum had to be signed by both the sellers and the buyers before the end of the work day or the deal died and the buyers would be left homeless and would lose their new job.

If you are not available for these types of situations then you can not do the job. Meeting with clients is the fun part, it is the stuff behind the scenes that makes deals happen.
_________________________
Your Outer Banks real estate agent. Helping people buy and sell OBX real estate since 1989.

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#465947 - 10/04/19 09:07 AM Re: Full Time Teacher---Part Time Agent?? [Re: Bigtoe]
paulalovelace Offline
Junior Member

Registered: 08/22/19
Posts: 1
Loc: AZ, United States
Hi, I've got this thread on Google. I can't resist speaking what's on my mind. Being in the industry is not an easy way what everybody thinks. Ask yourself if you can push through to commit a lot of time doing it. Do your money is enough to sustain your everyday need as you are doing it full time with our regular job?

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