I am writing this blog because I want to share and give hope to those who were in the shoes I once was: being a part-time agent. Back when I first started in the business, my "declaration" that I want to try getting into this business to the Office Manager of one of a brand-name real estate brokerage turned into my first ugly taste of this business. The Office Manager walked me out the door - in front of other potential candidates and said to me, "It's Full-time or no-time". She said I was going to be a waste of her time to train me because I would never make it - looking at the turnover rates of rookie agents. Yes, she said that. I was totally okay that she did not want to take me because of my "circumstance" but I was totally not okay with her embarassing me in front of other soon-would-be fellow realtor co-workers. I will remember that till the day I die. It almost felt as if she pushed me out the door.

Later, I did find an independent brokerage who accepted me as a part-time agent. Because the broker had just set up shop, I was one of his first and few agents. He was nice enough to give me one-on-one training of the business because of my limited time (after-work hours and weekends). I generated my own business and my own leads though.

You know, I am thankful to my 1st broker and my first few clients. I was new to the business and I honestly didn't know much about what I was doing - except for my own personal home buying and rental properties I have bought. They were very patient with me. They knew I was green but that was okay with them. After these few transactions, I never look at a rookie agent the same way again.

Dear Rookie Agents,

You are new to the business. A handful of people will give you a chance. Give it your all. It's your opportunity to soar like an eagle for your clients - to take them to a whole new world of customer service experience they've never encountered. With that, you have won a friend for life.

 

Everyone has to start fron Ground Zero. No one can truly say that "I've been XXX years in the business" without first going through the first year of business. My experience as a part-time agent has taught me to look around at seasoned agents: to mimic what they say and what they do; and apply it to my own.

Do I have any regrets not jumping into the business cold-turkey?

Nope, not one bit. In fact, if I had to do it all over again, I'd do it part-time all over again. I did this part-time for 4.5 years before turning in my resignation letter. During this time, I learnt the ropes of the business. I was patient to sock away every penny I made from my transactions so that someday I would become a full-time agent. My husband and I prepared ourselves financially - to sock away enough savings for our personal lives and for my business. As you can tell, I am very financially conservative. The lessons my father and grandparents taught me about "Making Hay while the sun shines"...... have served me well.

Today, I run my business debt-free. I have low business expenses. I will survive this "economic" downturn because I have laid low and under the radar. Business has continued to grow exponentially. It has to. I've only just begun. I think there's something to say about Financial Conservatism during troubling times, but that's when business was good, I socked as much away as I can because I know the rain will come again. Enough said about me.

Because of the grace extended to me during my first years, I will continue to extend grace to those who just started in the business. Real estate or not! However, there is a clear difference between part-time due to limited office hour availability versus part-time efforts. I do know that you can take on this business full-time, with part-time efforts: ie treating this as a HOBBY. Never getting back to phone calls or emails. Always having excuses of why things are not done. Not knowing what is going on and not staying on top of things because you relied too much on your assistant. All these and other part-time effort activities........

Give your fellow realtors and your clients the attention they deserve. It doesn't matter if you are doing this part-time or not. All people care about is how responsive and attentive you can be to their transaction. Only part-time EFFORTS hurt everyone in the transaction and definitely did not deserve it.

 
Post is included in group: Realtors®
Post is included in group: Real Estate Rookie
Post is included in group: Selling Soulfully
Post is included in group: REALTOR LIFE
Post is included in group: Best Business Practices

9 Comments on No part-time agents, Only part-time efforts

AUG
06
2008

I became a mortgage broker with a college degree and burning desire.  Certain people are just GOOD at this stuff, others, not so much.  There is plenty of room at the top, if anyone's interested.

11:26am • #1
125,809 Points 3 Featured Posts Localism Sponsor Outside Blog

I can't imagine working real estate part time in my opinion. It's a lot of work and I feel like it is all around me!  I don't like that part time agents can't work around a "normal" schedule and can only work around the few hours they have open. I'm glad it worked for you.

11:37am • #2
489,333 Points 50 Featured Posts Outside Blog

Randall: I agree with you. There's plenty of room at the top and it's sure nice to have more people around.

LaNita: I know you weren't directing your comments to me. But I attended closings, inspections, walk-throughs and was there every step of the way for the client and the other agent. What goes on inside me and my personal schedule themselves are another story. I was lucky that my husband understand "our" plan and commitment to success. And I also did not have children at that time. So, I really could be all I wanted to be.

11:47am • #3
108,066 Points 3 Featured Posts

It definitely depends on the agent.  Two part-time agents can be very different in how hard they work and effort they put forth.  Very good post Loreena.  I also started as a part-time agent and I do think it is more difficult to grow you business doing real estate part time. 

11:50am • #4

I found your description of your efforts as a part-time agent refreshing and inspirational. I am part-time agent and full time elementary teacher in Los Angeles, CA and looking forward to a second career as a full time real estate agent. My question is , where is Frisco, Tejas? Manny

11:58am • #5

I agree very much with the underlying message of this post.  You get out of the business what you put into it.  If you can only do 20 hours (part time) of business because of other commitments, but that 20 hours is 20 pure hours of hard work, then you can make it. 

I know many 'full time' agents who look busy, but at the end of the week, they've put in 10 hours of actual work. 

One other point I liked is that your family supported you.  I don't think you can be successful in this business (full or part time) if your family is not on board.  Let's face it, we all work weird, non traditional hours, and sometimes that phone call comes at 11:00 pm at night, and you're going to take it.  If your family isn't supportive, that gets old real quick!

Eric

11:59am • #6
489,333 Points 50 Featured Posts Outside Blog

Patricia: I agree without a doubt that growing a business part-time is VERY DIFFICULT. But sometimes, we got to do what we got to do. Not everyone feels comfortable jumping in cold turkey. Not everyone is comfortable with not knowing when the paycheck comes in. For a rookie agent, it might take a long time, while it might not.

Manny: Frisco is located 25 miles north of the Dallas metroplex. It's booming like crazy around here.

Eric: You are absolutely right about family support. While I could venture into what I want to do, my husband has to pay the bills. He also needs to understand that I'm not going to be a typical wife who will ALWAYS greet him when he gets home. He does get lonely but we have talked about our sacrifices and commitment to success. We both want to get there together. So, we both will do whatever it takes so as long as we both agree. You hit it on the nail! I couldnt be what I am today without the help of my wonderful and understanding husband.

12:07pm • #7
245,639 Points Outside Blog

Your "bolded" comments are the key to busines success, no matter the business, no matter the full or part time aspect (for whatever reasons).    It's about being fully engaged, when you are "there", and also about giving stellar service to the customer.

12:31pm • #8
182,075 Points 4 Featured Posts Outside Blog

I think your post pertains to all self-employed individuals.  If you want your business to boom, you have to make it boom.  If you approach it with 'some' focus, you will not get the results you are hoping for.  You must be 100% committed.  Whether you are working part-time or full-time, when you are working, you are completely focused.

Personally, I think being a part time realtor would be tough.  But then again, I would need to know what that means to be part-time.  If you only focused on real estate for 60% of your day, but during that time you were 100% focused, you can make a living.  But if your 'part time' meant that you are not available for your clients and are not marking yourself, then it makes it quite a bit harder to close some deals and make a living.

2:20pm • #9

Leave a response…



(optional)
What does the graphic say?
 
Arprofile2 Ambassador_large

Loreena Yeo - Broker|Realtor(R) of Frisco-TX-Homes (214) 783-2210

Frisco, TX

More about me…

3:16 team REALTY

Address: Frisco, McKinney, Allen, Plano, Valley Ranch, Little Elm, The Colony, North Dallas, Addison, Frisco, TX, 75035

Office Phone: (214) 783-2210

Cell Phone: (214) 783-2210

Email Me

I am an encourager. That's what you can expect from me. I'm a Half Full person rather than Half Empty. I choose to make those around me better because I can. Whomever and wherever they are.
Sharing my views about what I'm passionate about. This is my blog. With a servant's heart, I only have one goal in mind. To serve you wherever you may need me the best way I know how. Whether it is your real estate needs or your strive for business excellence. This is what you could expect from me.

For your real estate needs, this is a great opportunity to participate in the Frisco, Plano, McKinney, Allen & northern suburbs of greater Dallas. real estate market if you are financially and emotionally ready. Specializing in first time home buyers' needs, luxury homes, short sales and pre-foreclosures, multi-offer negotiations. Sellers can expect a carefully crafted systematic market approach in marketing homes. Hence work with the realtor who does it like none other. You can expect advice and opinions of a conservative perspective on this blog. There are so many things I could do, but I CHOOSE to serve your real estate needs. I couldn't think of anything else I rather do more passionately.

If you enjoy what you are reading, remember to subscribe to my blog. It is my focus to provide relevant greater Frisco Texas real estate market information on real world level. No media hype. No fluff. Just a real voice based on an active Frisco realtor(R).
Follow me on Twitter

Loreena Yeo on Facebook

View Loreena Yeo's profile on LinkedIn

 
 
Loreena Yeo
 
View Top Picks - Houses of the Week - as viewed by Loreena. These are homes with attractive value. Contact Loreena for a showing.
3:16 team REALTY on Facebook


Links

Archives

RSS 2.0 Feed for this blog

Find TX real estate agents and Frisco real estate on ActiveRain.