Part time work related to CRE?
I've passed half of my real estate exam and I should have my license within the next week or so. However, as I'm sure you know, it takes a while to build up a revenue stream to live on. I've had a "mentorship" with a CRE agent for the past few months and I'm learning the ropes but it's not a paid gig. I basically do the leg work and research behind all of his deals.

What are some part time jobs I can pick up to keep the electric on and food on the table and still gain knowledge in the field? I was thinking property management but it seems as if all those positions are full time gigs. I feel it would be a waste of my skills and time to get a job somewhere like Home Depot. Any advice is greatly appreciated.
[{"id": "cbt3ean", "text": "If you want to work in CRE, you are right you should try to find a gig that pays enough that you can keep working in the field to keep learning since that will be key to your success.\n\nYou basically have two options:\n\n1) Get a job bartending or something at night so you can pay the bills but still do real estate during the day.\n\n2) Talk to the CRE agent you've been working for. He or she should understand that you cannot continue to work for free indefinitely. Once you are licensed, they should be willing to kick you a small percentage of the deals that you are helping on in exchange for your efforts. You won't get rich this way, but it will be something to live on while you continue to hone your skills and learn the market you are in. If the agent you are working with isn't willing to work with you on some kind of junior broker or assistant relationship, I'm sure there are others who will be willing to.\n\nGood luck!", "replies": [{"id": "cbt47g5", "text": "Thank you for the advice. I've already brought up the ideal of a draw/stipend against my future commissions but without having my license yet, I don't have much of a bargaining chip. I've never worked in a bar before but I'm sure it's something I could do. I'll start looking into my neighborhood bars and see if they have any employment vacancies. \n\nSince I have you, what is a typical commission split like? When I first met with my mentor, he suggested a 50/50 split and after 18 months (or until I get my feet on the ground) we'll do a 70/30 split. Recently, he hinted at a 30/70 split and threw in \"you're not my equal so why would I give you half\". Am I being jerked around here? \n\nNote: my mentor is not the principal broker. He's in charge of the commercial services division in a predominately residential firm. ", "replies": [{"id": "cbteoct", "text": "Don't take a stipend, then you'll really be behind the eight ball and will have to pay it back if you don't make any money and need to change companies.\n\nThe split will depend on who brought the business in and who is doing most of the work. If it's a client your senior broker found or he got the listing signed, he should get the lion's share of the commission, even if you are helping with showings or marketing. However, if it's new business that you brought in the door, then you should probably get 50% even at first. You'll still need a lot of coaching and advice at every step of the deal, but it's a great way to learn.", "replies": [], "depth": 3}, {"id": "cbyegbs", "text": "I think property management is a great option. Is full-time a problem? It is a great way to learn how buildings operate financially and structurally while earning a salary. In order to get into brokerage, I started in property management and it turned out to be a great decision.\n\nIn terms of splits, it all depends on your situation. Is the firm larger or smaller? I've been in a brokerage role for just over a year in a top 3 shop and the idea of a 50/50 split is ludicrous. Even if I source a deal (make the cold call and get the meeting), my max is 20% and that took some negotiation on my part. This is because of the vast resources provided by a big shop. The smaller shops have better splits, but you dont have the resources to leverage and its hard to get to table on bigger deals.\n\nIf you end up working with your mentor in a brokerage capacity, take whatever he or she gives you for splits (within reason). Depending on how competitive of a market you are in, you will not be able to get clients without experience or rock-solid, family connections. You aren't going to make money for 2 years. Trust me. I'm not. However, the experience you gain is worth it and after you starve for a few years, you'll finally get some momentum and start making some money.\n\nOr at least that's what I tell myself!", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "cbt83ci", "text": "What market are you looking to work in?", "replies": [{"id": "cbtf2qv", "text": "Indianapolis", "replies": [], "depth": 2}], "depth": 1}]