Part-Time Real Estate Agents - A career or just a hobby????

By
Real Estate Agent with AgentHarvest - A Real Estate Agent Finder Service

Real estate is a hard career to transition to if you don't have enough savings to last you through the initial dry spell.  To ease the transition, some agents like to start out in real estate as a part-time agent.  Is this part-time devotion really fair to your clients and should you really expect a full commission for part-time devotion to your client? 

I think the following article raises some interesting points about part-time agents and how they do a disservice to our industry and their clients.

 

Original Article:  http://blog.agentharvest.com/finding-an-agent/part-time-real-estate-agents-a-career-or-just-a-hobby/

 

What are your opinions about full-time -vs- part-time agents?  Do you think they can effectively represent their clients?  Is it fair?

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Tags:
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Rainmaker
583,025
Gordon Sloan
Group1 Real Estate, selling houses in Salt Lake City Utah - Salt Lake City, UT
Salt Lake Homes For Sale, Salt Lake Real Estate

Bill: I have often wondered if working part time should be a disclosure issue.

I have determined that I think it should.

Aug 19, 2010 05:47 AM #1
Rainer
217,385
Andi Grant
310-508-4354 | FirstTimeHomeBuyerRealEstate.com - Los Angeles, CA
Helping 1st time buyers and home sellers in LA!

Define part-time.  PART TIME in mentality? PART-TIME in hours?

There is a categorized "part-time agent" in my office who is also full-time a police officer.  She has no LESS than 3 sales per month.  At first everyone thought it was a fluke because she was getting so much business from other officers.  2 years later she is still at 3-5 sales per month, none of them police officers and is going head-to-head with most of the FULL-time top producers in the office.  She works 40 hours or MORE for her clients per 7 day cycle.

Honestly Bill, I have come to the conclusion that that there are many categorized "full-time" agents who work LESS than 40 hours a week for their clients.

 

 

Aug 19, 2010 05:50 AM #2
Rainer
125,191
Not In Real Estate Any Longer
Autaugaville, AL

Hi Bill,

Why just pick on part-time agents?

How about agents who take on too many clients, agents that don't answer their phones, agents who don't even use e-mail, agents who hold back listings because they really want to double-end the transaction, or the ones who have been grandfathered into the system so they never had to participate in the education that's now required to get a license?

My point is, I've met some pretty energetic and fantastic part-time agents who work very hard for their clients and full-time agents that do a half-assed job and only care about lining their own pockets.

Aug 19, 2010 06:04 AM #3
Rainer
28,743
Bill Petrey
AgentHarvest - A Real Estate Agent Finder Service - Dallas, TX

Corie:  I agree, it should be disclosed.  Also, you should disclose the amount of clients you're currently working with too.  All these things take up time.

 

Andi:  I definitely agree with you.  Would rather have a part-time good agent than a bad full-timer.  The police officer story is a good one.  Wonder if the officer uses the opportunity to solicit while writing traffic citations?  May be a good opener.  Also, I bet having access to the police database could provide a few leads. 

 

Pam:  I can't write everything into one blog post.  I like to have one gripe per post and there's never a shortage of things to post about.  In the past, I have made posts about bad real estate agents and the lies real estate agents tell.

Aug 19, 2010 06:16 AM #4
Rainmaker
684,238
Patty Da Silva, Davie, Southwest Ranches Cooper City, Plantation, Weston, REALTOR
BROKER of Green Realty Properties® - 954-667-7253 - Davie, FL
Top Listing Broker

GREAT article Bill... I share your thoughts and concerns. Real estate for me is not a job.. it is my career, and how could someone have a part-time career?

Buyers and sellers need to be cautious of who they hire to represent them. Not all part time agents will poorly represent a client in a transaction but the drawbacks are many and may have serious consequences to the client.

Aug 19, 2010 06:30 AM #5
Rainer
217,385
Andi Grant
310-508-4354 | FirstTimeHomeBuyerRealEstate.com - Los Angeles, CA
Helping 1st time buyers and home sellers in LA!

LOL Bill at the officer propsecting while writing tickets. hehee.  I don't think she can use private police databases for leads.  I wrote a blog based on this one, I won't link it, but check it out when you get a chance. :)

Aug 19, 2010 08:35 AM #6
Rainmaker
477,501
Dominick Dina, MA, REALTOR®
Christian Realty San Antonio - San Antonio, TX
GRI, e-PRO, TAHS, SFR, Notary Public

Bill,

It is an attitude...part or full timers.  As mentioned some full-time agents really only work part time for their clients.

I have part time agents who go full out.  An individual issue for the most part.

Some of the "professionals" out there like to look down their nose at the part timers.  More ego than anything else.

With this economy, a steady 2-week paycheck is needed to put beans and grits on the table.

Dominick

Aug 19, 2010 03:53 PM #7
Rainer
37,354
Gladys Webb
Kreative Realty LLC - Tuscaloosa, AL

In my opinion...its the performance and effectiveness that goes the distance...I agree with Pam....you'll meet those agents who already know that full time agents are against them working at it part time but the good thing of it is they  do it....and some tend to do it better then a full time agent....

But people have to do what they have to do not all Realtors and Brokers are "There Yet"!

Aug 21, 2010 03:55 AM #8
Rainer
31,470
Britta Rivera
Chicago, IL
Chicago Real Estate

Bill,

I have part-time agents in my office who work harder, make more money and service their clients better than full-time agents.  It depends on the agent and their time management skills. If your heart is in real estate full-time, you can find success doing it part-time.

Aug 21, 2010 04:09 AM #9
Ambassador
1,208,009
Amanda Christiansen
Christiansen Group Realty (260)704-0843 - Fort Wayne, IN
Christiansen Group Realty

I couldn't imagine doing this part time and being successful at it.  I know some do, but I'm the kind of person that puts full effort into everything I do.  I have two people getting their license right now that are joining are team and are going to do it part time, but I am going to feed them leads. 

Your friend in Fort Wayne

Aug 22, 2010 03:21 AM #10
Rainer
28,743
Bill Petrey
AgentHarvest - A Real Estate Agent Finder Service - Dallas, TX

Thank you all for your great comments.  While I agree that there are good part-timers and bad full-timers, I can't imagine how GREAT those good part-timers could be if they devoted all their energy to the occupation.  If they're not fully devoted to their career, can it be also said that they're not fully devoted to their clients?

 

Bill

Aug 22, 2010 07:33 AM #11
Rainmaker
679,495
William James Walton Sr.
WEICHERT, REALTORS® - Briotti Group - Waterbury, CT
Greater Waterbury Real Estate

At least you asked the question instead of painting all part-timers with a broad brush-stroke.

I'll go take a look at the article first before weighing in...

Aug 22, 2010 04:56 PM #12
Rainer
29,067
Diane Friesen
Century 21 Coastal Realty Ltd. - Surrey, BC

As one of the "part-time" agents in question I have to log in on this question.   Generally a part-timer should buddy up and make sure his or her clients needs are being taken care of even while they are at work.   Personally I am lucky.   My boss knows what I am doing and I walk around the office all day with my bluetooth in my ear.   I miss nothing.   Also I am fortunate in having very flexible work hours.   I can leave for appointments during the day and just work later or come in earlier to make up the time.   When it reaches the point that my Real Estate demands require more time I will cut back on my hours.   I think everyone's circumstances are different, as is every agent, so you can't paint any "group" with the same brush.

Aug 28, 2010 06:00 AM #13
Rainer
28,743
Bill Petrey
AgentHarvest - A Real Estate Agent Finder Service - Dallas, TX

There’s no denying the logic that no matter how good part-time real estate agents are, they could be better if they had a full-time devotion to the industry. And therefore, they are not giving their clients the best possible service they are capable of giving.

Aug 31, 2010 05:55 AM #14
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