Having a part-time job in the U.S. is nothing unusual. In fact, Bankrate revealed that an estimated 37% of Americans have a side gig. While it is possible to work part-time in almost any industry, real estate is proving to be a viable option. Here are the top three benefits.
Real Estate Agents Enjoy Infinite Wealth
If you thought that part-time gigs do not pay much, you are incorrect. When you close a deal, you receive a commission on the transaction. Therefore, the more you sell, the greater your earnings. What is even better is that you can enjoy bigger benefits with larger transactions.
Working Part-Time Allows You to Create Your Ideal Workday
Imagine having the flexibility to set your own pace! With a real estate side gig, you can work after your 9-5 job. Alternatively, you can fit a couple of hours into the morning to check emails, to set appointments, and to prepare paperwork.
You Can Help Others While Building Your Network
Another top benefit of working in the real estate business is helping clients find the perfect home or property. Seeing the smiles on their faces can give you a feeling of pride and accomplishment. Your interactions can also help you build your network, which can lead to future deals. How rewarding!
How to Get Started
Before you can begin selling, there are some licensing requirements you must follow. Since these requirements vary depending on the state, make sure that you know the specifics for your state.
Complete Your Real Estate Pre-Licensing Education
A pre-licensing course is a great place to start. This course will cover the principles and the practical and legal aspects of the business. It will help you understand the ins and outs of the industry.
Pass Your Real Estate License Exam
For aspiring real estate professionals, this step can be the most difficult. Not everyone passes this exam on their first attempt. But like any other exam, the key to passing lies in your preparation. There are many practice papers that are available to help you.
Connect with a Broker
So, you have passed your license exam. Now what? You will need a seasoned professional to guide you. A broker who can mentor you will help set you on the right path. Finding a reliable broker can take a while, so you should start this process during your licensing. Conduct research on brokerages in the area in which you wish to work, and narrow down your list based on certain criteria, such as reputation and success rate, to determine which broker is right for you. During this process, you will be amazed to see how your network will increase. This will help you in the long run, as you build your career.
Many people get into real estate due to its attractive benefits. If you think a part-time gig in this industry can work for you, take the necessary steps to get started. Pass your licensing exam, and find a great mentor. Test your selling skills, and see your income grow!