The good news is that succeeding as a luxury real estate agent doesn’t require any different skills other than being a successful real estate generalist. While getting into luxury real estate is tempting for one main reason (the hefty commission), it is also one of the most intimidating fields to enter as it's a smaller, competitive field.

Luxury real estate agents deal with high net worth individuals, helping them secure or sell properties in the millions of dollars. We’ve outlined just a few below to give you an idea of the diverse opportunities out there. In addition to choosing a level of work commitment, there are also many specialities real estate agents can pursue depending on their interests. Best For: Anyone looking to get started in the world of real estateĬhoosing a Specialty as a Real Estate Agent.Cons: May experience a heavy workload especially during the first year, difficult to make connections when first starting out.Pros: Flexible schedule, fast-paced and exciting work environment, support of a brokerage to handle complex aspects of deals.The duties of a full-time agent will include significant time reaching out to prospects and nurturing relationships, organizing and showing open houses, negotiating terms, and helping to coordinate documents and paperwork. Full-time agents are employed by brokers to either help with home sales and buying or in the rental market to find and fill apartment vacancies. This is the path that most agents take when first starting out. Best For: People already familiar with the market through other work, such as property managers or real estate lawyers.Cons: Usually requires fairly significant startup funds and personal connections.Pros: Ability to make side income without a significant time commitment.Examples of side hustle agents could be people who already have a lot of connections and make money off of referrals, or agents who decide to get into the investing side of things to make passive income. Though similar to a part-time agent, people who choose to do real estate as a side hustle typically look for “easier” wins as they aren’t focused on potentially making this a full-time job. Best For: Experienced agents who want to scale back, people wanting to explore the real estate market without committing to a full-time job, highly-motivated people looking to make extra money.Cons: If done in conjunction with a full-time job the hours can be overwhelming, it may also be more difficult to find brokers willing to hire part-time agents.Pros: Flexible schedule and ability to be your own boss, can make significant extra cash on the side.Part-time agents typically work on evenings and weekends, which is both the easiest schedule to fit around another 9-5 and is the time that most prospects are available for open houses. Like we mentioned above, becoming a part-time real estate agent is becoming a more popular choice for people who don’t want to commit to the hustle of a full-time gig. If you aren’t positive that full-time real estate work is right for you, we’ve included some pros and cons for different options below.

Though most real estate agents choose this path as a full-time career, did you know that that’s far from the only option? Many also choose to become a part-time real estate agent or do real estate as a side hustle to make some extra money. Initial Requirements: 18 years old and no prior felony convictions.Initial Requirements: 18 years old, social security number, and high school diploma.Initial Requirements: 18 years old and commitment to trustworthy practicing of real estate.Below are the specifications for California, Texas, Florida, and New York, which you can use as an estimate if you live in a different state. Now that you understand your options for taking real estate classes online, we wanted to provide you with some helpful information about how the certification process works overall. Key Online Feature: Courses are self-paced and can be accessed on any device and at any time State Breakdown of Agent Certification Requirements Cons: Not offered in all states and some textbooks are not included in the course price.Pros: Offers affordably priced online classes and offers a 30 day money back guarantee.RealEstateU® focuses on offering engaging classes that are both affordable and convenient, as they can be viewed on the go and are accessible at any time. All of its classes are offered completely online and are among the lowest priced for online real estate schools. RealEstateU® is an online real estate school based in Florida offering real estate pre-licensing classes, exam prep, and continuing education courses.

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