Thursday, June 29, 2017

Remember When You Could Have Picked Up A Good Piece Of Real Estate For A Song – And Didn’t

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You Want To Be A Real-Estate Agent

Real estate agents are professionals who help in connecting the buyer to the seller.  

5 Steps Towards Being A Real Estate Agent: 

1.  Knowing the different niches in real estate

2.  Apply to real estate school (online or offline)

3.  Take real estate test

4. Find a real estate broker 

5.  Hang your license

 

There are a number of real estate Investment companies emerging where you can own your own national real estate investment company.   These companies are considered to be All-Done-For-You companies.  

They will find investment properties, buy it,  resell it to you at cost, fix it up, rent it out, manage it and sell it for you when you are ready

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One such company is Heardmo Investment Real Estate a partner with Strongbrook.   Strongbrook affiliate company allows you to become an owner of your very own national real estate brand.  As an owner you would introduce others into the business as investors or affiliates.  You do not need a real estate license.  (we will talk more about this type a real estate company in another blog).

 

 Different Duties Of A Real Estate Agent (Not All-Inclusive)

1.  Connect tenants to landlords

2.  Charge a commission for services

3.  Manage rentals

4.  Arrange for viewing of houses and apartments

5.  Knowledgeable of market they are servicing

6.  Analyze the need of home buyer / tenant

7.  Provide information to buyer / seller on availability in market

8.  Build a viable list of houses  on the market

9.  Build a sustainable list of buyers and sellers

tipsforsuccesswithlynagent

 

Determine if this kind of career is the right one for you.

Most people usually think that to be a successful real-estate agent, you just need to be good in convincing people to buy properties and houses.

Good communication and persuasion skills are, of course, plus points,but that is not all. You also need to be familiar with the industry.

It would take skill and mastery before you could become successful in this career, just like in any kind of occupation.

Proper training and education is a must.

Usually, states would require an aspiring real-estate agent or salesperson to spend about 30 to 90 hours classroom education.

The Professional Licensing Commission in your state would have lists of reputable educational institutions where you could take your courses.

You could also ask the Real Estate Association for recommended institutions.

A high school diploma is a requirement and at least be 18 to 21 years old.

 

Before becoming a traditional real-estate agent, states would require a license to operate.

You would need to pass a licensure examination.

Agents are required to renew their license every two years but it still depends on the state.

Keep updated with what is going on in the real estate market.  You would also need to attend seminars even if you are already licensed.

Read books to build your  negotiation skills, selling and other readings to further educate you in the real estate market. 

A real-estate agent should always be aware of changes in laws and regulations in the state where they are located.

But taking up real-estate courses are not the only thing that would prepare you for the industry.

It is recommended that you work with a mentor broker for about 2 to 5 years to get experience. I

t is like apprenticeship. After that period of time, you could start thinking about setting up an individual practice.

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Technical requirements like coursework and license will equip you, but it is having the right mindset that will help you become successful in your field.

Be sociable or a people person.  Learn to build relationship with people from all walks of life. 

You would be working with different kinds of people, not only the buyers and the sellers.

A real-estate agent will also work with lending officers, lawyers, mortgage brokers, insurance company representatives and even land-use officials.

A real-estate agent is on call for 24 hours.

Clients may call you all times of day and night and it is up to you to be professional at all times.  

Flexibility is another attribute you would need to develop.

Clientele could be a problem for beginning agents. You would need patience since it would take time before you have your own client list.

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Another concern for real estate agents is the income.

Most experts would recommend that those who are only starting to learn the industry should have an alternative source of income.

But if you are selling multi-million worth of houses everyday, then you would not have any problem with income at all.

Work smart,.  Be Consistent.  Persistence will pay off.  Learn from every step you take in the industry.

 

Resource:  

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~Lyn Moses

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