Profile picture for servandojr16

New Fish entering the sea of Real Estate

So at the moment I am taking courses to obtain my RE license, now this is something that I have been looking into and i must say I'm extremely motivated. I have done tons of research on real estate before i started taking my course, but i would like to get some advice and tips from people with experience. Im also not so sure where to start of once i have my license should i start of with a firm, a small brokerage. What are some things to look out for, common mistakes, as well as what are things i should do, and have ready, etc.

 Thanks so much for your help.
  • August 17 2014 - Cypress
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Answers (6)

Profile picture for Rebecca Marvel
Keller Williams has excellent training for new agents. Get on a team to start so that they'll provide you with leads. You will probably quickly outgrow the team but with all of the other expenses, it's kind of nice to have your leads paid for in the beginning as well as advertising, signs, etc. Focus on your personal branding and learn as much as you can from more experienced agents. You'll know when you're ready to move on.

  • August 17 2014
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No, you don't "get out of it what you put into it." Really. You get out of it what you put into prospecting, generating leads, getting people to be willing to do business with you. "Getting your name out there" is nothing - there are a lot of agents who aren't locally famous who make a ton of money.

There are only two things you need to do to be a great real estate agent. One is, figure out what value you have to offer to a client. Second is, figure out how to let them know about it.

That's all there is.
  • August 17 2014
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There are a few out there that cater to newbies.... After a couple of years you can move to a small brokerage with more control and sometimes better pay... All the best... I love my job as a realtor...
  • August 17 2014
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Profile picture for servandojr16
Mack, 
Yeah i understand what youre talking about, but like i mentioned all i have is research right now. Every article i read it says you need to have a plan on how youre going to do things. You need to go out there and make a name for yourself, you get what you put into it in other words. 
 
 So what im asking is how exactly should i layout my plan? Any pointers on what and what not to do?
  • August 17 2014
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I would go sit in on a class or sales meeting in any office you choose to join.  Do it with 4-5 companies.  Pick a small one, pick a big one and fill in the rest.  What's the culture like, where do you fit in?

As a new agent you will hopefully learn the technicalities of the business in your real estate school.  Basic contracts, laws, definitions.

It's in the brokerage where you learn how to do the business.

Ask to see the training room, ask to see the training schedule, ask how much the classes cost?

If you're motivated don't always join the cheapest agency or it could be hard for you to grow.  If you're going to do one transaction a year, then it might be good to go with a broker that charges a flat fee per sale, but if you are going to knock it out of the park, you want to be with a broker that can help you get to superstar status and offers you the tools to make that happen.

There are a list of questions on my website you can ask potential brokers.
  • August 17 2014
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Success in real estate is 100% dependent on your ability to prospect for leads. It isn't enough to be known for honesty, integrity, and knowledge; you need customers or you have no business.

Your business plan must include how you are going to prospect, and how you are going to convert them into clients.

All the best,
  • August 17 2014
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