When I started at a brand new, part-time real estate agent, I didn’t think it possible to hit six figures in my second year as a part-time agent. Because of that experience going from newbie to making more than my full time W-2, this post about the best real estate brokerage for part time agents comes straight from the heart!
Not only that, but thanks to my brokerage choice, my real estate business took off and I was able to leave my W-2 job to become a full-time agent. Now I run a local and national real estate team and help agents who partner with us achieve freedom from a W-2 and achieve financial freedom while selling houses!
Getting your real estate license and working as a part-time real estate agent is one of the most lucrative side hustles that can net you thousands of dollars per transaction. Just like running any other side business, practicing as a part-time agent in the real estate industry requires time, patience, creativity and effort.
But luckily for those wanting to start a real estate career as a part time real estate agent, they can and should have the support and guidance provided to them by their real estate broker to help them run their business better, especially if they choose to work with the best real estate brokerage for part-time agents.
And just so we are 100% clear: it is ABSOLUTELY possible to be a successful part time real estate agent. Don’t let ANYONE tell you otherwise. We do it, so can you!
The Stigma Toward Part Time Real Estate Agents
Although it is the real estate brokers job to assist any and all of their agents with their respective businesses, they tend to treat part-time Realtors at their brokerages like the red headed step child in comparison to their favorite top producing full-time agents.
It’s nothing personal, it’s just that part-time agents aren’t going to make the broker as much money as their top producer full-time agents. And that’s how most local franchise real estate companies are structured.
That’s why many new real estate agents starting as part-time agents tend to quit early on in there business venture or never start at all, because it is hard to find a brokerage that is agent centric. And if they do end up following through with becoming a part time agent, very rarely will they have the tools, resources, mentorship and support and resources necessary to reach their full potential.
What Part-Time Realtors are Looking For
The needs of a part-time agent are very different from those of a full-time agent. While a full-time agent might find lead generation in large volumes to be the most important aspect of a brokerage, part-time agents might find that 100% time and location flexibility to be the most valuable trait of their real estate company.
Here are some of the features that a part-time agent might want from a real estate broker when selling real estate part-time:
- Total time and location flexibility
- Live and recorded training
- Accessible support and broker staff
- Lower broker fees
- Higher, more agent centric splits
- Full service concierge services
- Mentorship and collaboration with other agents and team members
- Opportunity to build multiple streams of income and long term wealth
What is Your Top Priority?
The first thing you should always do when you are deciding how to approach your business is figuring out your top priorities.
Building an extra income stream or slowly transitioning to a new career are usually the top two answers for aspiring part time agents.
Figuring out how you want to approach being a real estate agent can be helpful when determining whether a brokerage has the right tools for you. Some good questions to ask yourself before we dive into why eXp Realty is the best real estate brokerage for part time agents are:
- Do you have a business plan in place?
- Who is your target market?
- How much time are you willing to dedicate to real estate?
- How much money are you willing to invest into marketing?
- Would you like to go full time in the future?
- Did you get into real estate to build wealth or income?
- Do you want to generate your own leads or take team ones?
- Are you flexible on when you can serve clients and take training?
The Best Real Estate Brokerage for Part Time Agents: eXp Realty
Now let’s dive in to how eXp Realty, the fastest growing brokerage in the world, is the best real estate brokerage for part time agents. We know this is true because we ARE successful agents who started part time at eXp Realty!
As we mentioned earlier, traditional brokerage models just don’t have the platforms for part time Realtors to be successful. eXp Realty is not only agent centric, but the company also treats part time agents and top agents equally.
While I can list 100 reasons why eXp Realty is the most agent centric brokerage in the history of real estate, here are the seven biggest reasons why eXp Realty is the best brokerage for part time agents:
- Unlimited live & recorded training – anywhere, anytime
- Incredible live support – regardless of production level
- Assigned local mentors – for new agents
- Lead generation tools & training – learn from the best
- Earn more commission – from day one and forever
- Sponsor coaching, training, & support – when you choose to sponsor with us, you get a whole lot more support and lead generation, growth, & freedom training!
- Additional income streams – referrals, revenue share, stock awards & more
1 – Unlimited Live & Recorded Training: From Anywhere at Anytime
20 years ago, flip phones were the coolest new fad amongst the modern world’s public. Now we can buy our clothes, tools, toys, groceries, and more online and from our couch. Not only does that save expenses for the companies, but it saves us, the consumers, time. Cloud based models have become the norm. That’s why eXp Realty adopted those principles and applied it to the world of real estate back in 2009.
Since then eXp Realty has expanded to cover all 50 states and dozens of countries, providing real estate agents around the world with the option to work from anywhere at any time.
At eXp, Realtors has access to over 80 hours of live free training each week from the TOP agents in the entire 90,000+ agent company! It’s incredible how eXp Realty takes the very best agents and instantly puts them in front of you for LIVE training in our live virtual training and support environment called eXp World.
I don’t know any other companies doing this. Not only can agents take live training from the top agents around the world from their computer, but most of this training is recorded and available to watch at anytime from anywhere. In fact, there are a whole BUNCH of ways to eXp Realty training!
Unlike the franchise brokerage down the road – which is a franchise owned and operated by a local broker like a McDonalds – at eXp you are not limited to just what that broker knows and what they are willing to provide you. Instead, at eXp Realty, you have access to unlimited training, resources, and staff!
2 – Incredible Live Support from 2,000 Brokers & Staff, with No Production Requirements
On top of trainings, you have access to 2,000+ brokers and staff at eXp to help with tech support, accounting, onboarding, Human Resources, IT, contract training, and more and are all accessible within office hours in eXp World.
Not only are they available in eXp World live by just logging in, but eXp staff is available on Workplace, by email, by zoom calls, phone, and more. You have MORE ways to get support faster at eXp Realty than most brokerages.
At eXp Realty, there are no production requirements for agents, you can do one deal or one hundred deals are you will pay the same fees, enjoy the same splits, and get the same trainings, unlimited support, and treatment from the staff.
This should go without saying, but part time Realtors absolutely can not afford to join a brokerage with production requirements. You simply don’t have that kind of certainty in your business as a part time agent with other life obligations such as a full time job or school or family.
3 – Assigned Local Mentors for New Agents
If you are NEW part time Realtor, it is incredibly important to not only have access to great training and immediate broker support as outlined above, but you will also need a local experienced mentor!
After you fill out your application, choose your sponsor, and onboard at eXp Realty, agents with less than three transactions in the last year will be assigned a local experienced mentor! This individual is there to guide you through your first three transactions, review documentation, and help show you the ropes as a new Realtor.
Many brokerages will SAY they will mentor and help you. But at eXp you are actually ASSIGNED a mentor in a win-win relationship to guide those transactions. You can learn more about eXp’s expand mentorship program here.
4 – Lead Generation Tools & Training
At eXp, you will get access to kvCORE which is an incredibly powerful lead generation CRM, personal agent website with IDX, and marketing tool. Learn more about eXp Realty kvCORE here. kvCORE alone would cost $300/month, but it is included at eXp!
Not only that, but you’ll have access to more free lead generation training than you can possibly consume. This is a good thing because often times at small local brokerages agents are taught that the broker’s one or two lead generation strategies are the best ones – that’s usually not true. Agents tend to develop over time which lead generation techniques work best for them.
For example, if your broker told you cold calling is the “best way” but you hate cold calling, what do you think would happen? You’d hate trying to lead generate and wouldn’t try very hard, ultimately leading to few transactions.
But what if you could go to the lead generation niche trainings that sounded interesting, and then implemented just a few of the ones you found you are passionate about? I bet you’d become WILDLY successful!
This is what we coach agents who sponsor with our free team at eXp Realty: how to find the right lead generation techniques to be wildly successful!
5 – Earn More Commission at eXp Realty
It’s painful to see part time agents joining brokerages where they’re giving up 40-60% of the commission on every transaction to their brokerage.
As a part timer, you’re likely closing far fewer transactions. We don’t want to see you give up that much commission. And if you want to become a full time Realtor, it’s going to be tough to take the leap if it doesn’t feel like you can financial afford to. But at eXp Realty, you can earn so much more on every transaction!
At eXp Realty there are no desk fees, office fees, and no franchise fees. The split is a very generous 80% to the agents and 20% to eXp. And the cap is a low $16,000; once you’ve paid that out of your 20% to eXp, you go to 100% commission for the rest of the year! You can learn more about the eXp Realty commission split and cap here.
Here’s an example:
- You sell a home priced at $400,000 at a 3% commission
- At eXp Realty, before you cap for the year, you’d keep $9,500+ of the $12,000 total commission
- At a 60/40 split brokerage you’d keep around $7,200. That’s a $2,000 per transaction difference!
- And most brokerages have a higher cap, so you’d pay more to that broker before going to 100% commission than eXp.
So simply put, before we add in any of the other stock award, referral opportunities, and revenue share, the vast majority of real estate agents earn more commissions at eXp Realty.
6 – Sponsor Support, Tools, Training & Coaching (for free!)
To join eXp, you must be sponsored into the company by another eXp agent – this doesn’t cost anything at any time. Since eXp is cloud based, you are able to be sponsored into the company by any agent located in the US, not just a local agent.
This is IMPORTANT because Each sponsor brings different additional value – and we bring the MOST value at eXp Realty! Make sure to choose your sponsor wisely and ask them about the different resources they have that can add value to your business.
7 – Additional Income Stream Opportunities: Only at eXp!
Without a doubt, the best real estate brokerage for part time agents would have opportunities to earn extra income or build wealth aside from your primary source of income. At eXp, part time and full time agents have the opportunity to earn extra income through their agent centric programs:
EXPI Stock Awards
Being a publicly listed company on NASDAQ, eXp Realty gives agents the opportunity to earn company stock through achieving various milestones and recognition programs. For example, an agent will receive shares in company stock after completing their first transaction every year.
This means you, the agent, OWNS the company on a global level. You own all of the subcompanies that eXp owns, and all the brokers and staff at eXp work for YOU, the shareholder.
Not only that, but consider this: EXPI is a dividend stock. You can enroll to earn shares at a discount on every transaction. That means that you can get paid dividends FOREVER for every transaction you ever have at eXp. Mind blowing, right?!
Part time agents can really capitalize on this because they will be adding assets to their portfolio while simultaneously earning money from their sales.
What other brokerage let’s the agents OWN the company in the form of stock? Just another reason eXp Realty is the best real estate brokerage for part time agents, as well as full timers!
All agents have the ability to give and receive referrals for a fee no matter which brokerage or state you are in. As a part time agent, referrals can be an important way for you to earn money on deals that you might not have the time to work.
Referring agents can usually earn 25-35% of the referred agent’s commission.
Part time agents can have trouble finding another agent in a different market to refer their clients to. That is due to the lack of a platform that allows agents from around the world to connect and share referrals. Because eXp Realty is a national (and international) company, all of our 90,000+ agents are connected in a Facebook-like community called Workplace.
Within Workplace, there is a national referral network of eXp Realty agents that you can share and receive referrals with. You can simply post your client’s location and the type of agent they’re looking for (buyer or seller) if you have someone to refer or check the group every morning for outgoing referrals that you might want to take on. It’s a win-win!
Not only can you give and get referrals, but eXp Realty now has a referral only division! This means you can use your license for just referrals and forgo some of the additional expenses and tools traditional agents require. This can be great for part time agents that just want to make income on a referral basis, or agents that want to stop selling homes but still continue earning commissions by converting to a referral only agent!
Revenue Share ( = Cash Flow!)
We talked earlier about how, in order to join eXp, you must be sponsored into the company by another agent. The company is set up this way because our founder, Glenn Sanford, wanted existing agents to profit off of the growth and expansion of the company. At eXp, agents are incentivized to help expand the company. Just another reason eXp is the best real estate brokerage for part time agents!
Since your sponsoring team of agents are all incentivized to help you succeed, as a part time agent, you will get all of the support and resources you need to be successful instead of being left out to fend for yourself. On top of the coaching you will receive, you can also benefit off of the revenue share model by sponsoring other interested agents into the company.
To learn more about how the revenue sharing model works, check out our in depth ultimate guide to revenue share for real estate agents.
eXp Realty is the Best Brokerage for Part-Time Agents
Without a doubt, the best brokerage for part time real estate agents is eXp Realty. There is no better option for starting a part-time career in real estate, even as a new real estate agent, especially if you are looking to get trained up to turn this into a full-time job and full-time career in real estate.
As a licensed real estate agent, eXp Realty is a great way to take advantage of incredible training programs, build an incredible real estate business as a part-time agent, and launch your full-time career at one of the BEST real estate companies in the world. Where you can grow and create freedom in your life is unlimited!
Learn More About eXp Realty & Our Free Partnership Team!
If you are interested in joining the best brokerage for agent growth, compensation, and opportunity in the world, be sure to partner with the best sponsorship team in the world as well! We provide additional training, tools, coaching, partners, collaboration, masterminds, and resources for your success!
We believe in massive growth and financial freedom for all real estate agents! Live your dream real estate lifestyle with us.
For more eXp Realty details, check out our comprehensive About eXp Realty – Everything You Need to Know article.