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FAQ: Can I work part-time as a real estate agent?

Can I work part-time as a real estate agent?

Yes, you can use your real estate license whenever you wish, including part-time.
In fact, many real estate licensees choose not to work full-time.
As an independent contractor, your sponsoring broker cannot tell you how many hours you have to work.

Related Questions

How do I make money as a real estate agent?

As a real estate agent, you make money in the form of a commission once a sale or rental deal closes. The commission usually equals a percentage of the purchase price, such as 5% or 6%. The total commission will get divided between the seller's and buyer's broker, who in turn, share the commission with the salesperson.

How much money can I make as a real estate agent?

According to the Bureau of Labor Statistics, the average real estate agent earns $50,300 each year, while the top 10% of real estate agents make over $110,000 per year. However, these statistics include both part-time and full-time agents. Real estate agents have unlimited earning potential.

What is a sponsoring broker?

A sponsoring broker is a real estate broker that employs a real estate salesperson. State law requires all real estate salespersons to work under a sponsoring broker. The sponsoring broker will actually hold the license of the real estate salesperson.

When is a real estate license required in Georgia?

A real estate license is required if you represent a seller or buyer of real property as an agent and earn a commission in the process. It is important to note that you do not need a real estate license to buy or sell your own home.

What can I do with my Georgia real estate license?

As a Georgia real estate broker or salesperson you can sell or lease all types of real estate in the State of Georgia, and earn a commission in the process. You can also represent buyers looking to purchase any type of real property in the State of Georgia and earn a commission from the seller's broker.

What is a REALTOR?

A REALTOR is a licensed real estate salesperson who also belongs to the National Association of REALTORS. Many people believe that a REALTOR is another word for a real estate agent. However, this is not the case. If a real estate salesperson does not belong to the NAR, they cannot call themselves a REALTOR.

How do I find a real estate broker to work for as a real estate agent?

Here are the steps you should take to find a sponsoring broker: 1) Google brokers in your area. 2) Reach out to 10 brokers. 3) Schedule interviews with 4 or 5 of the brokers. 4) During the interview, ask them about commission splits and training. 5) Select the broker that best fits your career goals.

What is the difference between a real estate broker and a salesperson?

A real estate salesperson must work under a real estate broker. A real estate salesperson operates as a sub-agent to their sponsoring broker and can perform all of the duties of a broker. Once you get enough experience as a salesperson, you can qualify to take the broker's exam and get your broker's license.

Can I work part-time as a real estate agent?

Yes, you can use your real estate license whenever you wish, including part-time. In fact, many real estate licensees choose not to work full-time. As an independent contractor, your sponsoring broker cannot tell you how many hours you have to work.

Do I need any prior experience to become a Georgia real estate agent?

No, you do not need any prior experience in order to obtain a real estate salesperson's license in Georgia.

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