I’ve got news for you: you CAN be a successful part time real estate agent.
If you want to be a part time real estate agent, then don’t let the haters tell you it’s impossible. If I can do it, so can you. Consider this: your choice of brokerage can make or break your success as a part time Realtor.
Personally, I chose eXp Realty part time exactly BECAUSE it is the only brokerage that could provide the flexibility to train, get support, and work outside of my regular work hours.
If you want proof from someone doing it, schedule a call and I will personally help you succeed as a part time agent!
The value for eXp Realty part time Realtors is unmatched – let’s dive in!
This is a lengthy post because we didn’t want to leave anything out. Here are 10 reasons eXp Realty is perfect for part time agents:
- 100% Time and Location Flexibility
- Virtual Live and Recorded Training
- Accessible Support Staff of 400+
- 30,000+ Agent Collaborative Workplace
- High Value 80/20 Split & Low $16K Cap
- No Stigma Toward Part Time Agents (An Industry Problem)
- Local Mentor Program
- Personalized Website with CRM and Marketing
- Local Agent Teams
- Revenue Share Program
Table of Contents
1 – 100% Time and Location Flexibility
It’s 2020. We stream TV anywhere on any device. We can work from anywhere in almost any profession (as we have learned during COVID-19). Why shouldn’t real estate be the same?
There’s no good reason an agent should HAVE to go in to the office, or pay for an office for that matter, to get training, write a contract, set up a search, or anything else for that matter.
Change is the law of life and those who look only to the past or present are certain to miss the future.
John F. Kennedy
Perhaps the most obvious reason eXp Realty is perfect for part time agents is the complete time and location flexibility provided by a cloud-based brokerage. We’ll go into more detail on specific virtual aspects of eXp Realty, but just know that you no longer need an office or to work a specific set of hours to be successful as a real estate agent.
2 – Virtual Live and Recorded Training
eXp World – our virtual training and support environment – gives real estate agents the opportunity to take 50+ hours of LIVE training every single week. Plus, each state holds their own state-specific new and current agent training and meetings every week.
Why does virtual training explain why agents succeed at eXp Realty part time?
- At a smaller office, agents learn limited skills from whoever is teaching them whenever they are available.
- eXp takes the TOP agents of 35,000 agents from around the country and world and puts them directly in front of you!
- You get to ask questions and learn from these top producers directly! They are the very best at their niche, so why not learn from the very best.
Experience eXp World for Yourself!At eXp, the top agents in the WORLD are hand picked to present their skills and knowledge LIVE, directly to you. I don’t know any other brokerage doing anything close to this.
Here’s the current calendar of eXp live training going on in the near future:
Would you like to take some live eXp training for free? Schedule a PRIVATE 1-1 Zoom Call and we can send you a free eXp World Guest Pass so you can experience for yourself why eXp Realty is perfect for part time agents.
On top of all the live training happening all the time, most training is recorded and available on-demand on our collaborative Workplace! This is fantastic for those who can’t necessarily take a bunch of time off of work right now to get training.
The ability to train when you want and where you want is a big reason why eXp Realty is perfect for part time agents.
3 – Accessible Support Staff of 600+
There are over FOUR HUNDRED staff members at eXp Realty, all working for the agents. Can you say the same about other brokerages?
The best part is, they are accessible in many ways. During weekdays, you can INSTANTLY pop in to eXp World and meet with your broker, broker support staff, tech support, legal assistance, marketing, and more! Just a little glimpse of what visiting the Florida broker office is like:
As a part time Realtor, I find this incredibly helpful because in seconds I can pop into my brokerage office and get a question answered! You can check out all these support functions yourself, just chat with us about an eXp World Guest Pass.
4 – 35,000+ Agent Collaborative Workplace
At the time of this writing, there are over 35,000 agents with eXp Realty across the US, and recently Canada, the United Kingdom, and Australia.
Perhaps the coolest part about eXp is the Facebook-built Workplace where all the real estate agents collaborate with each other! No one cares if you are new or experienced, full time or part time, everyone helps everyone else all the same. There are groups for each state, city, marketing groups, commercial groups, CRM groups, and so much more!
Got a question? Pop on over to Workplace and post it! You’ll get answers!
Want free leads for your area, or know someone moving to a different market? Hop on the Referral Network on Workplace to get or give referrals for a cool 25% or so referral fee! You can find agents all over the US for your clients and vice versa to supplement your income and increase your clients!
5 – High Value 80/20 Split and Low $16,000 Cap
As a part time real estate agent at a brick and mortar brokerage, you may feel like you are paying more in fees than you are actually using or getting value from.
Why pay for what you don’t need or use? If you can’t actually attend that in person training at that time, why pay for it? Why pay for that office you don’t use? If you generate your own leads, why split 50% with your broker? Agents can boost their take home commission just by switching to eXp.
Not only that, but the cap is super low, at just $16,000. After that, it’s 100% commission, less a transaction fee (similar to many brokerages). At eXp, you can truly earn more than at many other brokerages, especially as a part time agent.
It’s simple: at eXp the split is 80% to the agent and 20% to the broker, and 100% to you after the low $16,000 commission cap.
6 – No Stigma Toward Part Time Agents (An Industry Problem)
So you got your license and you want to start working part time. You interview with a few traditional brick and mortar brokerages but your reception is… lacking. I’ll tell you why: the brokerage wants top producing agents. If you are just going to do a deal here and there, even one a month, you’re probably not going to get the time of day.
It’s not personal, it’s just business. If the broker only has limited time in the day, will he/she be more motivated to spend it on a new or established full time agent that will net them more income, or a part time agent who’s income is largely uncertain? Spoiler alert: it isn’t the part timer.
This stigma toward part time agents is a rampant problem across the industry.
But you guessed it: eXp is perfect for part time agents because YOU determine your effort and outcome. The broker and support staff treat everyone the same. Your tools, training, website, marketing materials, and support come with the monthly fee of $85, regardless of whether you do 4 transactions or 40 transactions a year.
It is an atmosphere of “if you succeed, we succeed.”
That’s also why the fees are structured differently than most brokerages. For example, you pay $25 per transaction for your broker to review your contract and documents. Instead of paying $500 up front for E&O insurance as many brokers require, you just pay $40 per transaction up to that $500 a year. Again, why pay for more if you aren’t sure you’ll use it?!
7 – Local Mentor Program
Generally part time agents are newer agents, often trying to transition from a different full time or part time career – and this is totally cool! But it may be daunting to join a cloud-based brokerage without the safety net of local help to lean on. But never fear!
If you ARE a new agent, eXp Realty will enroll you in the eXpand Program for new agents. There you’ll get extra training and you’ll be assigned a local mentor – an eXp agent in your market with real experience.
Getting licensed is one thing. But street smarts is totally different – hence the need to have a mentor! Many brokerages may assign a mentor, but you may find that due to the stigma of being a part time agent, their motivation to help is lacking.
Unlike many brokerages, at eXp mentors are compensated: you share 10% of your commissions with them on your first three transactions. Call it what you will, but this motivates mentors to be active participants and actually give you the time and assistance you need to be a successful new agent!
8 – Personalized Website with CRM and Marketing
Another reason eXp Realty is perfect for part time agents is that the company provides a powerful CRM tool called kvCORE (also known as Kunversion). If a real estate agent was to go out and buy this tool on their own, it would cost $299 a month. At eXp, it is INCLUDED!
kvCORE enables agents to have a personalized website with listings from their local MLS, with free and paid lead generation tools, automated marketing, and management of their clients and leads.
kvCORE comes with an amazing training program and is ready to be used by agents to build their sphere, manage leads, and grow their transactions! It comes with text codes, email marketing, text marketing, integrated Google and Facebook ads, a Craigslist plugin… the list just goes on.
9 – Local Agent Teams Supportive of Part Time Realtors
Not comfortable with going fully cloud-based? Would you like to have at least a few other agents to work with? Want to have leads generated for you so you can just focus on transactions?
At eXp, agents and former broker-owners can form local agent teams! These can be structured in many ways, but generally it works like this:
- The team lead performs marketing to generate client leads
- Team agents take those leads and conduct the transactions
- The team lead and agents split commission in some fashion
We can even help you find a team.
The best part about the team I’m with, is that if I generate my OWN leads, I get to keep my 80% commission just like I would without a team. But if I’m in need of leads, I can take team leads and split commission! Win-Win!
10 – Revenue Share Program
eXp Realty agents are rewarded for attracting agents to the company in the form of revenue share. Revenue share enables agents to build an additional income stream and can help them reach retirement.
eXp’s revenue share program can be a life changing income stream. Over time, part time real estate agents can build a lucrative income stream as a reward for their efforts.
To understand how revenue share works and just how much you could make, check out our own custom eXp Realty revenue share calculator! I am proof that you can do this as a part time real estate agent!
Here is a little glimpse of eXp Realty’s revenue share model:
What to do now
eXp Realty has been absolutely life changing as a part time Realtor. At eXp, you can build a business and transition into real estate on your own terms! We truly believe that there is no better model for part time real estate agents (or ANY agents) and that it’s only a matter of time – why wait?!
To learn more about why eXp Realty is perfect for part time agents, check out our posts on About eXp Realty or the benefits of Partnering with Us at the company, simply chat with us through the messenger widget or schedule a private strategy call.
There’s no better time than today to build your massive part time agent business.
Check out our comprehensive post on How to Be a Successful Part Time Real Estate Agent