If you’re considering becoming a real estate agent, you might be wondering how much you’ll have to work. While it depends on your market and your schedule, real estate agents work long hours during major buying seasons like spring and summer.
This can mean being out at all hours, working on weekends, and generally having to attend a lot of open houses and get-togethers with other people in the industry. Real estate agents have flexible schedules that allow them to set their hours (within certain parameters) to make their time at home the time they need to relax before going back out again.
How Many Hours a Day do Real Estate Agents Work
According to a recent survey, real estate agents work 9 hours per day. However, if you’re trying to break into the real estate field or want to make a living at it that number can quickly climb. The average full-time realtor works about 45 hours per week and earns approximately $25/hour or $50,000/year based on 2 weeks of vacation time and 8 paid holidays annually.
After all, is said and done, many agents choose not to work such long hours but realize they need to get ahead in their careers.
How Many Days a Week do Real Estate Agents Work
This answer depends on several factors, including your specific schedule, who you work for, and whether or not you have a family. A general rule is that agents work between 40 and 50 hours a week.
Some agents are self-employed and may work more than 50 hours per week; however, they can also choose to set their schedules if they so choose.
In an interview with The Huffington Post, Daniel Faltesek, CEO of broker-operated Off Madison Ave., revealed that even though he doesn’t see his family for days at a time, his compensation plan ensures he can provide for them.
While Faltesek sees seven or eight clients in one day and sells anywhere from $3 to $5 million worth of properties every year, he only works between 45 to 60 hours per week and works half as much in summer as he does in winter. Real estate is one industry where more time away from home doesn’t mean less money earned.
What are the Most Common Working Hours for Realtors?
There’s no one answer to that question. Many real estate agents work full-time and can’t help but see their work as a 9-to-5 job. But for others, real estate sales are more of a side hustle — or maybe even a primary source of income. So, it depends on your situation, plus how you define work in terms of what you do and when you do it.
For example, does making follow-up calls and going on showings count as work? At what point are you working — once the call is made or right before a showing begins? If neither of those sounds like work to you, then great!
Many people don’t realize how much time real estate agents spend in front of their computers. Real estate is one of those businesses where communication and marketing are required throughout your day. You could be working on a listing, reaching out to customers and potential clients, responding to emails, scheduling appointments, creating new advertisements, or keeping yourself updated on trends.
There are only two times when you aren’t doing any of these things during your typical business day: when you are in meetings with clients or when you are sleeping. However, you will likely have an email running in your inbox that needs a response as soon as possible.
What is an Average Lunch Break?
Though lunch may feel like just enough time to scarf down some food and get back to my desk, chances are you spend more than that on your midday meal. According to statistics from a 2012 Gallup survey, Americans average 52 minutes for lunch breaks. That may not seem like much, but if you consider eight-hour workdays five days per week, around 32 hours are spent at lunch—about one-third of your working hours. No wonder we look forward to chilling out after our break!
Are There Any Extended Working Hours for Real Estate Agents
Real estate agents may have to work until midnight or later. Some companies take calls 24 hours a day, seven days a week. An agent might also make an offer on the house and then have to drive around town looking for another property that meets her client’s needs.
Like many businesses, real estate agencies are open during traditional business hours — Monday through Friday from 9:00 am until 5:00 pm. Still, employees may need to come in early or stay late at night as needed. Whether working as an agent or in management at a real estate agency, it’s important to know when overtime pays kicks in.
An average evening after office time
Real estate agents typically spend more time outside regular office hours than most workers. When you consider showing properties to clients, preparing for open houses, and touring new developments, it’s clear that your average day will be significantly longer than 9-5.
If you can manage your time effectively, working from home or schedule later meetings with clients can increase your productivity by allowing you to better avoid distractions (like coworkers and meetings) during normal business hours.
Finally, although it may seem counterintuitive to some people, new technology has made it possible for highly productive workers like real estate agents to perform their jobs from anywhere. Thanks in large part to online tools and an increasingly mobile workforce.
Why Is It Important to Track Your Working Hours
When you’re self-employed, it’s critical to track how much time you spend on your business. Otherwise, you risk working more than 40 hours a week without getting paid for all of that time. Most full-time employees are paid overtime for each hour worked over 40 in a single week.
But when you’re self-employed, it can be easy to forget that anything beyond 40 hours a week is extra work and not free time. This can happen if you don’t track your work hours and don’t realize that you’re exceeding your expected workload by 10 or 15 hours a week.
How Can You Track your Working Hours?
It’s easy to fall into a bad habit of spending too much time working, whether crunching numbers or keeping your ear to the ground for possible clients, it can be difficult to set boundaries and be mindful of how much time you spend on tasks that don’t pay your bills.
But there are ways to help yourself get a handle on how much time you spend working—you just have to do it in a way that works best for you. For instance, if keeping tabs in an Excel spreadsheet sounds like torture, try going old school with a wall calendar and stick-on flags or stickers.
How to Set Boundaries with Clients if you have a Full-Time Job
Boundaries are important in any business, especially when you have a full-time job. When you are an independent contractor working for yourself, you aren’t subject to as many professional guidelines. Your work schedule is far more flexible—but that also means it’s up to you to set boundaries. If being on call all day is ruining your personal life, try these tips for setting healthy boundaries with clients so that they respect your limits.
For example, telling clients what times of day they can expect to reach you or only taking their calls under certain circumstances can go a long way toward keeping your personal and professional lives separate.
Many real estate agents work long hours and cannot fulfill their daily responsibilities. This is because they have little time for their families, personal activities or other things that can be easily done outside of their profession. With the help of AI Agents, these agents will now be able to focus on their daily responsibilities and get paid overtime.
It will be possible to automate almost everything in real estate agents’ businesses in the next few years. This is because artificial intelligence (AI) technology can make a huge difference in how the real estate industry works today and in the future.
Sheena Whitlock, a property expert, and blogger with over 15 years of experience in the field. The knowledge and skills Sheena has acquired during her career have given her invaluable insight into the property management business.
She has done her Property Development BSc (Hons) from the University of Portsmouth and completed her Master’s Degrees in Property Management from the University of Chicago.
As a professional, she has spent time working for various companies as a property management officer and currently works at Asset Info Hub where she shares her knowledge and experience on various property matters with people around the world, questioning their queries via blogging and virtual consulting services.