As a successful former realtor, I will tell you it will be very difficult to work part time in real estate. BEFORE taking your exam, read the following & ask yourself the questions I posted.
1. As a realtor, you are self employed. You will not receive a regular paycheck, your pay is from commissions earned on sold homes. If you don't sell anything, you don't get paid.
2. From your gross commission check, you will have a signed contract that states your broker will take a percentage of your commissions. For new agents, this varies about 40 - 60%. Example: let's say you sold a home for $400,000. The seller's listing contract states the listing agent gets 3% ($12,000.) and the buyers agent gets 3% ($12,000.). From the $12,000. commission that you earned, your broker will take 50% = $6,000. From the $6,000. that you keep, you will need to pay Federal income taxes, Social Security taxes, health insurance & put some money into your savings or retirement account. Texas has no state income tax. What's left? Not much. As a self employed realtor, your broker does not deduct taxes & other items that regular employees see on their paychecks.
3. Do you have cash / savings to start your business with? As soon as you pass your state exam, you will start interviewing at brokerages and choose one to work with. To start working as a realtor, you will need to pay for start up fees / costs: MLS fee, lockbox fee, legal fee, brokerage fee, training fee, desk fee, advertising costs, etc. All these fees come out of your bank or your paycheck from your job.
4. Do you have a list of people you know personally who is looking to buy or sell in your area? If yes, you won the lottery - congrats! If you don't, start creating a list of everybody you can think of who is looking to rent, buy or sell. You need to learn that brokerages will NOT give you a list of people to buy, sell or rent. Brokers expect you to get your own leads yourself. This is why it takes time for new agents to get their business started. You will need to sell yourself to people who are willing to work with you.
5. Do NOT expect to earn a commission for at least 6 months unless you know somebody who is selling or buying right now.
6. If you only work part time in real estate, develop a plan when buyers or sellers expect you to be available at their convenience - not yours. You need to learn that if you're not available at their convenience, they will quickly forget you and select another agent to work with. How quick? About 5 seconds.