It's a decent side job, but I wouldn't make it your main job. It's illegal in most states to charge a fee without a license, but it's not illegal to trade there.
Real estate
as a part-time job is viable. A recent survey revealed that 22% of professionals classified themselves as part-time professionals. The official part-time label, according to the U.S.Bureau of Labor Statistics (BLS). In the US, it is to work less than 35 hours a week. According to the National Association of Realtors (NAR), most agents worked about 35 hours a week, which matches the BLS statistics. An activity related to the real estate sector can be very rewarding, since it offers significant income potential through commissions, rental income or earnings from sales.
It provides flexibility, allowing you to work part-time alongside your main job, and offers long-term benefits, including financial stability and wealth-building opportunities. To tell the truth, real estate as a side activity is possible. More than possible, it actually works quite well for a lot of people. Strategic secondary activities are my favorite way to protect your real estate business from a recession. And property tax appeals are my favorite activity to protect myself from the recession.
Naturally, a real estate business is not 100% positive. There are some downsides to consider before starting a business. It's essential to research and understand your state's specific conditions to plan your real estate career accordingly. An AceableAgent study of more than 600 active real estate agents provided valuable information about the everyday reality of working in the real estate sector.
Digital products (such as e-books, online courses, and printable templates) are my favorite source of passive income for real estate agents. While it is possible that some professionals in the sector have mandatory office hours, 87% of the real estate agents surveyed say that being a real estate agent allows them to control their schedules. I recently opened my store on Etsy, Key Real Estate Designs, to sell valuable yet affordable templates to real estate professionals. The future of part-time real estate agents will have a lot to do with technology, remote work and the sharing economy.
Real estate activities offer a variety of opportunities to earn additional income and build long-term wealth. As a part-time real estate agent, you can generate additional income without the requirements of having to accept another full-time job. Once your license is issued and you have an affiliation with a brokerage firm, you can start working as a real estate agent. This ensures that you are kept informed about industry changes, legal updates and best practices in the real estate sector.
Real estate agents work on commission and earn that commission based on a percentage of the sale price of a property. But real estate is such a large and open industry that you can have an incredible lifestyle whenever you feel like it. Real estate wholesaling consists of hiring properties at a low price and then selling the contract to an investor in exchange for a commission. The cost of becoming a real estate agent varies depending on several factors, including state requirements, education options, and licensing fees.
One consideration as a part-time real estate agent is to focus on the rental market, which is also in high demand. After passing the exam, submit your license application to the state real estate commission, in addition to the required documents, such as proof of education, exam results, and a background check.
