Is it likely to profit at least $5000 a year being a part time Real Estate Agent?
I have been wanting to get into real estate for a while. Our area in Kentucky hasn't been affect as bad as the rest of country by the housing slump. I want to get into real estate part time because I have a regular state job from 8-4 M-F. I have my nights and weekends wide open and just want to make some extra money to pay off student loans and other items. Any advice would be great!
Asked By: - 8/7/2009
Best Answer - Chosen by Asker
If you believe that you can juggle two jobs at once, then being a Realtor is probably a great choice. The thing you want to keep in mind is that Realtor's are often at the mercy of potential home buyers. If they can't work in the evening or meet on the weekend, you are going to have to take off time from your real job... More
Answered By: Cat - 8/10/2009
Additional Answers (6)
yeah easy. just holding open houses for other agents can net you that. i think $15-$25k is possible part time.
Answered By: David Z - 8/7/2009
Depending on the housing market in your area 5,000 a year should be no problem, in my experience an agent gets averages 1.5% and up on each sale. One good sale would be all you'd need a year. It can be a great opportunity. Especially if you know people who are looking to buy, and can get a good referral system going... More
Answered By: Georganna V - 8/7/2009
Possibly, sure. Likely -- no way to tell... More
Answered By: daeve930 - 8/7/2009
How on earth would you manage a sale? You have to be available during normal business hours to deal with banks, mortgage companies, inspectors, appraisers, etc. The vast majority of RE work has nothing to do with showing property, but dealing with closing the deal and everyone involved only works normal business... More
Answered By: Landlord - 8/7/2009
there are no guarantees in life and most NEW real estate agents make very little their first couple of years -you would have to be available daytime hours for property closings and pretty much any time a client or seller needs you - you can't really do it part time like that
Answered By: Doctor Deth - 8/7/2009
It can cost you that much just to keep your license active for the year. There is your license fee, Realtor dues, lock box fees and very often you also pay office fees.
Answered By: George - 8/7/2009
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