Part-time real estate agents are agents that spend less than 40 hours per week buying and selling residential and commercial property. As a part-time professional in the field, you may not make as much of a salary as full-time real estate agents, but your schedule is much more flexible.
Can I be a part-time property agent?
Being a part-time real estate agent does not necessarily mean you are less professional and you will earn lesser than a full-time real estate agent. You can still be a professional in the real estate industry and make big bucks if you are committed and supported with the right training and platforms.
Is part time real estate worth it?
If you’re working real estate part time as a side job, it can be a good way to supplement your regular income. You’ll gain experience in the industry. Working real estate part time will allow you to learn from other real estate agents, which can help you determine if you want to start doing it as a full-time job.
Why I quit being a real estate agent?
Most new real estate agents quit their first year because of the emotional toll of “fear of failure” and rejection. Nobody likes to feel rejected. Rejection is part of the job but remember that people are not rejecting you. They are rejecting the notion of buying or selling at that time.
Real Estate Agent Career :
Education Regulations means The Standard of Training of Estate Agents Regulations
EAAB means the Estate Agency Affairs Board
NQF Level 4 means the Further Education and Training Certificate required by non-principal estate agents
NQF Level 5 means the National Certificate:required by principal estate agents
PDE means the Professional Designation Examination conducted by the EAAB
PDE 4 means the Professional Designation Examination for non-principal estate agents.
PDE 5 means the Professional Designation Examination for principal estate agents.
FFC means Fidelity Fund Certificate issued by the EAAB validating legal trade in property
Who needs to have a real estate qualification?
A Real Estate Qualification is required by anyone who buys or sells property as a profession,
Negotiates to buy or sell property;
Canvasses or undertakes or offer to canvass fora lessee or lessor for rental of property;
Publicly exhibits a for sale or to let of property;
Collects or receives any money payable on account of a lease of immovable property or business undertaking; or
Renders any other service which the Minister of Human Settlements may specify by means of a notice in the government gazette.
Below are steps to Become A Part Time Real Estate Agent In South Africa
1. Get your real estate license.
Becoming any kind of real estate agent always starts with getting a real estate license even if you’re just part-time. You can’t breach the industry and start selling properties if you’re not legally qualified to do so, so be sure to make the right strides to iron out the legal and educational requirements behind the practice before you start working.
Those include:
Figuring out your state’s licensing and educational requirements
Completing pre-licensing coursework
Passing a state licensing exam
Filing a real estate application
2. Join a brokerage.
You can’t be a real estate agent without joining a brokerage an overarching agency that employs real estate agents regardless of whether you’re working full- or part-time. It’s a fact of real estate life, but unfortunately for aspiring part-time real estate agents, finding one willing to bring you onboard is easier said than done.
Unsurprisingly, a part-time agent working limited hours while making their main career their priority is practically bound to generate less income than a full-time one who dedicates all their time to real estate.
That trend usually makes for a stigma surrounding part-time agents, and brokers are often wary of bringing them on. But not every brokerage fits that mold, so you shouldn’t let that stigma detract you.
3. Put a business plan together.
You need to have a firm grasp on where you want to go with your part-time real estate career and what to expect as it progresses. That includes understanding elements like your current financial circumstances, your projected income, your sales and marketing strategies, and the legal strictures you’ll be operating within.
The best way to get there is by creating a business plan a formal document that offers actionable insight and a concrete vision for your part-time real estate hustle.
This step’s value is twofold. For one, it gives you a clearer picture of what you want out of your real estate career, and secondly, it gives you a concrete reference point for your potential clientele to look over.
4. Invest in relevant technology.
If you want to make your part-time real estate career as lean, efficient, and productive as possible, you need to support it with relevant technology. That typically starts with investing in a CRM.
It can aid with key responsibilities like tracking where your clients are in the buying process, organizing prospect information, and quickly responding to prospect inquiries. Other key resources you should consider looking into include marketing automation tools, email scheduling software, and website designers.
Can I be a part-time property agent?
Being a part-time real estate agent does not necessarily mean you are less professional and you will earn lesser than a full-time real estate agent. You can still be a professional in the real estate industry and make big bucks if you are committed and supported with the right training and platforms.
Is it hard to be a part-time real estate agent?
Many part-time real estate agents find they need to put in long hours on the weekends and evenings after their primary job. Breaking into this field can be demanding and not everyone is cut out for it. You’ll need to be a natural hard worker and perfect your time management skills in order to succeed.
How much do real estate agents earn per month in South Africa?
These agents work a two to four hour day and because real estate is not really a half-day job, will earn the average income for most agents in South Africa, which is around R16,000 to R20,000 per month before tax and running costs.
Can you become a real estate agent with no experience?
Many large brokerages offer real estate jobs with no experience required. Real estate schools offer courses that will allow you to add the necessary skills that will need to find a job in the industry, even without experience.
Is part time real estate worth it?
If you’re working real estate part time as a side job, it can be a good way to supplement your regular income. You’ll gain experience in the industry. Working real estate part time will allow you to learn from other real estate agents, which can help you determine if you want to start doing it as a full-time job.
How do real estate agents get paid in South Africa?
Cape Town – Estate agents (sales agents) in South Africa do not earn a fixed income and work only for commission. They work at their own risk of not earning an income when they do not succeed in concluding a sale. For example, estate agents selling development property may be paid a fixed monthly income to compensate.
Do real estate interns get paid in South Africa?
Although not yet considered to be qualified agents, as an intern with a valid Intern FFC you are still eligible to earn commission on the sale of property. However, commission is only paid out once the property transfer has been registered in the deeds office.
Do you have to be good at sales for real estate?
While knowing good sales tactics is beneficial to real estate agents, you don’t always need to make the hard sell. In fact, there are many times when separating yourself from the stereotype of a pushy real estate salesperson can help your career.
How do I become an estate agent with no experience in South Africa?
The 5 Step Process to Becoming an Estate Agent in South Africa
Step 1: Apply for a position at a registered estate agency as an intern.
Step 2: Register with the Estate Agency Affairs Board (EAAB) .
Step 3: Complete your 12 Month Internship.
Step 4: Complete NQF 4 Through an Accredited Provider (150 Points / 1500 Hours)
How much does a real estate intern earn in South Africa?
The average salary for an internship is R3 940 per month in South Africa close to minimum wage, which comes in at R3 500 per month.