As of December, 2011 there were 30,022 real estate sales people registered with the Toronto Real Estate Board (TREB). More than 70% made less than $30,000 for the year. That means a very large percentage of these realtors are part time sales people.
Kudos to them. They can make a few extra bucks per year for whatever reasons…
They need the extra money to survive… They are supporting a university student… They are squirreling away for their retirement… They are retired and this supplements them… They need the money to support a family member in another country… That’s the only way they can afford their annual vacation with their family.
There are a myriad of reasons for being in the real estate industry part time. And of course we, the full time realtors, have no right to judge why or to deny them the opportunities this provides.
But, as a seller or buyer, I would have an issue with this because I have this awkward cognizance of what I would feel about dealing with other part time professions.
Would I trust my life to fly in a plane with a part time pilot?
Would I take my family on a cruise ship with a part time ship’s captain?
If I had to have plastic surgery done to my face, would I go to a part time surgeon?
Would I put my children’s education in the hands of a part time teacher?
Would I allow a part time mechanic to fix the brakes on my car?
Should I trust a part time real estate sales person to sell my most valuable physical possession, or help me buy the single most expensive product I will ever buy?
That’s my problem. It is obviously not everyone’s problem. It’s my problem.
However, it would never become a permanent problem for me because I would only consider it for a fleeting moment. I guess that would make it a part time problem.