Becoming a successful real estate agent is a combination of getting the right education, finding an established broker who can help you get your first clients, and passing state and national licensing exams.
But that’s not all. Read on to find out some of the more overlooked aspects of getting into the real estate business.
Have a Backup Income Source:
You should have enough money saved up to make it for at least six months without a commission or keep your day job for a while. Becoming a real estate agent part time may not have been your plan, but you need to have the ability to pay your bills while you get started.
Choose a Brokerage:
A real estate brokerage is the agency or office from which real estate agents and brokers work. Since working with a broker is a requirement in order to practice as a real estate agent.
No matter in which state you live, you must take pre-licensing courses. However, state requirements differ greatly. For example, some countries require three college-level courses. Others require a set number of hours of education. Contact your country’s real estate commission for your state’s requirements for licensing.
Get Licensed as Real Estate Agent:
Real estate licenses require the passing of state and national exams. In addition, you may have to provide a criminal background check. Between the courses, exam and license fees for a real estate salesperson.
Start Building Your “Book of Business”:
Some call it working your “sphere of influence.” Becoming a real estate agent is just the very first step in a long (you hope) career of working with buyers, sellers, investors, appraisers, loan officers, mortgage brokers, inspectors, title companies and others.
Start Out Right With Technology and the Internet:
No matter what some of the “old-timers” may tell you, you NEED Internet to market in today’s real estate world. You schould begin a website and online strategy or use an existing sire like Ocaribe.com to build business down the line
Becoming a Real Estate Agent Isn’t Just Getting a License
For most would-be real estate agents, the courses and the test for licensing turn out to be less fearful than they anticipated. The rude awakening comes later when they don’t find that easy income in the first couple or three months. They thought they had a family member or friend all lined up, but they are taking their time, not buying or listing when the new agent thought they would.
Having a plan, some money saved, or another income will smooth your entry into this competitive business.
Budget for several months without any income, perhaps six or more in some cases. Budget for enough money to begin a website and online strategy to build business down the line. However, lots of contacting of people, and beginning your prospects list by the old methods will help you to get started while the slower online process builds. You can call, mail and email every person you know, and you just may pull a deal out of the hat sooner than expected. This will keep you in the game while you build your marketing efforts and business.