Imagine working for yourself in a flexible career where you can set your own schedule with annual earning potential of $100,000 or more. There are so many reasons to choose real estate as your career. But, there are always two sides to every story, and a real estate career is no different. Below is a straight forward look at a list of pros and cons of a real estate agent career.
Deciding to become a real estate agent is a major move in anyone’s career journey. People enter the field of real estate from various occupations and careers and at various stages of their lives. Everyone has different reasons why they think real estate is the correct career choice for them. But, one question consistently comes from people looking to enter the real estate industry: “How do I become a real estate agent?”
A good real estate agent is similar in nature to a conductor of a symphony, coordinating the different players to make a successful transaction a reality. At different points in the process, the real estate agent is a salesperson, a buyer’s advocate, an analyst, a business manager, a consultant, a negotiator, and a marketer, just to name a few. We have found there are a number of qualities and traits that successful real estate professionals share.
Thinking about a real estate career? If you're like most people, one of your first question is "How much money can I make?" The truth is, real estate agents don't earn a set, guaranteed salary. A real estate agent's annual income is actually based on a variety of factors including sales volume and a various potential commission splits. In this article, we clearly break down the formula you can use to make a reasonable expectation of your annual income as a real estate agent.
Prospective real estate agents are sometimes drawn to the business by visions of big pay days and a luxurious lifestyle. That kind of success is incredibly uncommon, especially at first, but it’s not out of the realm of possibility. The first article in this series explores the best markets and brokerages statistically for new agents to make $1 million in their first year selling real estate.
Flashcards are a time-tested study tool you probably used as a kid to master vocabulary and multiplication lessons. But they could also be your secret weapon in passing your real estate licensing exam. Learn how and why using this old-school study tool could supercharge your ability to commit thousands of definitions to memory, with minimal effort.
Preparing to sit for a real estate licensing exam goes beyond ensuring you have a strong grasp of the material being tested. This article details a number of additional things you can do to tip the scales in your favor and increase your odds of success on exam day.
Interviewing with a real estate broker for the first time can be a strange experience. It's not the typical one-way job interview. It's important that you get the information you need to decide whether or not you want to work with a particular broker. The answers to these two questions will tell you more about whether or not you will be a good fit with this brokerage than anything else you could ask.
Finding the right broker for your real estate career takes planning and patience. "Winging it" isn't a strategy for success. You can drastically improve your chances of pairing up with the broker of your dreams by preparing for the interview. Learn the three questions you're likely to be asked when interviewing with a broker, so you can be armed to make a great first impression.
When you’re first getting started in the real estate business, securing the capital necessary for growth is a critical concern. Luckily, no matter your financial situation, there are a variety of viable options available to help new entrepreneurs shoulder start-up costs. Learn more about some of the most common strategies for securing your upstart money in this article.
As a recent college graduate, there are a lot of reasons to consider beginning your professional career as a real estate agent. Your familiarity with technology and social media are a huge asset. And it's a great way to develop critical business skills that will transfer well to almost any other professional career. Find out why working in real estate career makes sense for new grads.
If you’ve been thinking of changing careers and earning your real estate license, you probably have some questions about what to expect. There are definitely a few things you should know before taking the leap. We’ve assembled this list to help you make sure you’re ready when you take the first step toward earning your license and starting your new real estate career.
People decide to become a real estate agent for various reasons – flexible schedule, good income, and the ability to ‘be your own boss’ to name a few reasons. But there are other factors that can tip the scale in favor of becoming a licensed real estate agent. There are very few barriers to entry, start-up costs are relatively low, and you can actually be up and running quickly.
If you’re planning to become a real estate agent, there are specific requirements that you must meet in order to earn and use your license. Because real estate licenses are earned at the state level, each state has a specific set of requirements you need to fulfill in order to qualify and earn your real estate license. This article breaks down the general requirements you must meet, and directs you to the specific information for your state.
Every year, thousands and thousands of people make the move to begin their career in real estate. Many will go on to lead successful, lucrative careers. Others will struggle. But what sets the high achievers apart? Successful real estate professional Josh Pomerleau covers the five critical steps you must take if you want to survive and thrive as a newly licensed real estate agent.
Each and every day is unique and different for a real estate agent; while this can certainly be an appealing aspect of the real estate profession, it can also offer unique challenges or opportunities, depending on the agent’s skill set. You need to be nimble and ready for anything that comes your way to be successful in real estate. So, just what does a real estate agent do in a typical day?
Should your New Year’s resolution be to finally write your own career success story in real estate? The markets have turned around, and the industry is making a strong upturn. Each year, many people choose to pursue a career in real estate at the beginning of the year. Here are three important questions you should ask yourself before making the big leap to your new career this year!
We've all made New Year's resolutions. Some get kept, and improve your life immeasurably. Some don't make it past January. But if you’ve long-considered starting a career in real estate, NOW might be the perfect time to make a resolution that can have a strong and life-long impact on your professional life. Here are 7 reasons to make and keep a New Year’s resolution to start your real estate career in 2019.
From training to commission, not all real estate brokers are the same. The first step to success in pursuing a real estate career is making a good business decision. Part of becoming a licensed real estate salesperson is selecting a broker to sponsor you. This decision has the potential to affect the direction of your career in real estate, either positively or negatively. Find out how to make an informed decision depending on your needs.
Becoming a real estate salesperson can be a confusing process for many people. It isn’t necessarily a career that requires a college education, but it certainly helps. It also isn’t a career where you can simply “hang your shingle” and start doing business immediately. Becoming a real estate agent requires a license that is regulated by the state in which you wish to sell, buy, lease, or manage real estate.
If you are planning to become a real estate agent, it is important for you to understand the value of real estate transfer deeds and their significance to buyers, to sellers, and in the legal system. This article explains what they are, what they're used for, and the different types.
Lead generation is the lifeblood of your real estate business. Long-term success depends on your ability to develop a large network of highly qualified leads. If your phone isn't ringing as frequently as you'd like, your lead generation strategy might need some help. This article is designed to help you develop effective strategies for generating and converting leads to grow your real estate business.
As a real estate agent, you should advise your clients to have a home inspection done. Since they do not have a list of home inspectors on tap, they'll turn to you for advice. So, it’s good to have a well-rounded selection of home inspectors you can recommend whenever possible. This article describes how to find the right ones.
Mortgage interest rates appear to be on the rise. So, you might be wondering how high they'll go in the coming months and how you can prepare your clients for an increase. While no one has a crystal ball, a look at what rates have been doing for the past 5 years could indicate where they might be headed.
Do you find yourself struggling to keep up with the day-to-day demands of running your real estate business? Perhaps it’s time to consider hiring an assistant. It’s not a decision you should make lightly, but this article will give you a simple checklist to follow to determine if now’s the time to grow your team.
Finding a great real estate assistant can save you time and energy, allowing you to focus on the growth of your business. But hiring an assistant who isn’t the right fit for you and your business could be disastrous. This article will help you determine what you need in a real estate assistant, and find the perfect fit.
Hiring a real estate assistant can be a game changer for your business, but only if you’re arming your new hire to add value to your business. This article provides tangible advice for enabling your assistant to provide the support you need to focus on growing your real estate business.
As a real estate professional, you know how important networking is to the success of your business. However, do you understand how to implement this tactic strategically? While salesmanship is another skill altogether, the skill that any real estate agent should master first is the ability to effectively network. There's no one to pitch to if you don’t have the leads. If you are struggling with networking, this article will lay out the dos and don’ts of doing it effectively.
The difference between being a successful real estate agent and being an unsuccessful one often comes down to whether or not you have a healthy database of qualified leads. The best way to build that database is through a relentless commitment to networking. This article will help you identify where to find your best networking opportunities, and how to capitalize on those opportunities.
With all of the various aspects of real estate law, and their ever-changing nature, it's important that real estate agents stay alert and aware of potential legal pitfalls. This article details the four areas where real estate agents most frequently encounter legal trouble, and how to make sure you aren't in violation.
Real estate can be an attractive investment. However, since real estate investing is capital-intensive, not many people are able to take advantage. Luckily, for those interested in real estate investing, there are many different financing options available to investors of all types. To help you get the best financing product for your next real estate investment, we outlined a few of the best options.
Like it or not, technology is having a major impact on the real estate industry. While some real estate pros may fear it is affecting the personal nature of the business, other agents are learning how to use new technology to better market themselves and serve their clients. Find out how to keep up with the changes, and position yourself for success now and in the future.
The rules are changing.You no longer need need a huge marketing budget to spread the word about your real estate business. There are some very specific and affordable strategies that any real estate professional can put into action today that will help you compete with the biggest players in your marketplace. Use these strategies to capture the spotlight for your services and your clients' listings.
Someone visits your website. They check out a couple properties, visit your "About Us" page, and leave. End of story, right? It doesn't have to be. Retargeting is a digital marketing tool that automatically recognizes the pages people visit, and then serves them targeted ads as they browse the internet and social media, that directly relate to the content they consumed on your website. Find out how to use retargeting to turn more of your website visitors into leads and clients.
With years passing between the time most clients need an agent, how do you stop past clients from forgetting about you and moving on to the next guy they find on Zillow? By staying in touch. When your former clients are still hearing from you, you’re likely to be the first person they think of when they want to sell their house or buy a vacation home. With just a few minutes a week and some tricks of the trade, a simple email newsletter can earn a ton of repeat business.
Has your client’s home been on the market for months or years with no qualified offers? Has feedback from open houses and showings left you wondering if you will ever find the right buyer for this home? Before you approach your sellers with yet another suggestion to lower the price, try these tips for staging the home to better appeal to potential buyers and get the offers you've been waiting for.
Ask anyone in the real estate business what they think of automated valuation models (AVMs), and they're likely to have an opinion. It's also likely to be a negative one. This article explores the potential of AVMs as an ally to real estate agents, instead of an annoyance. Find out how AVMs can present you with an opportunity to demonstrate your expertise as a differentiator in the man vs. machine debate.
From startup companies to entertainment endeavors, a wide variety of projects get the financial resources they need in our modern era through crowdfunding. But does it work for real estate investment? Instructor Scott A. Chaplan explores the potential opportunity and legal considerations of crowdfunding in real estate. This article provides an all-encompassing look at this alternative funding strategy as it applies to real estate investment.
Are you a residential real estate agent considering making the move to a commercial real estate specialty? Or perhaps you don't currently hold a real estate license, but are considering earning one and beginning your career on the commercial side of the business. Either way, this article will provide valuable information on the entry process, potential compensation, and day-to-day work life of a commercial real estate agent.
How's your social media game? If you're not using social media, or not using it effectively, you're missing out on a big opportunity for your real estate business. Get proven, platform-specific tips for using Facebook, Twitter, Pinterest, and Instagram to generate leads and grow your real estate business through the reach of social media.
A real estate purchase represents a significant investment for buyers. Every buyer is different with unique preferences, needs, and wants. To truly make a connection with a buyer and help them find the perfect home, you need to do more than sell them on features. You need to practice solution selling.
The same strategies and tactics that lead to success on the battlefield can often be applied to business, specifically your real estate business. These 5 quotes from well-known global military leaders can help you frame a winning mindset for your own business success.
How often do you follow up with past clients? Your past clients are one of your greatest marketing assets. From reminding them of an exceptional experience to identifying friends and family who might need your services, there are countless reasons why it’s a good idea to stay in touch.
There's one mindset change you can make that will instantly and permenantly make your real estate marketing more effective. Learn how to prioritize your clients' needs to drive significantly more and better-qualified leads, and grow your real estate business.
Often, the hardest part about building momentum and success in real estate is just getting started. You don't have clients, success stories, or leads, and you don't know how to get them. This article chronicles one real estate agent's experience overcoming the initial hurdles of her career by being willing and able to pursue an opportunity most agents in her market overlooked.
If you're recently licensed, you may be finding it difficult to get traction in your career and line up your first client. This helpful article will give you tips for getting your first client. The strategies covered here will be useful for keeping your client roster full throughout your career as well.
For many real estate professionals, tax time is a stressful time that can't end quickly enough. While we can't promise to make filing your taxes enjoyable, these five tips will certainly make it more bearable this year.
Learn to write a real estate resume that stands out on the desk of the broker you want to work with. These critical tips will help you accentuate the traits that brokers care about and impress your next broker from day 1.
Your slogan is one of your first chances to make an impression on your future clients. So what are you going to say? We've developed this list of tips to help you decide on the perfect real estate slogan to represent your business.
The Consumer Financial Protection Bureau has proposed that the new TILA-RESPA Rule go into effect on October 3, 2015. As a licensed real estate agent, you need to know how these changes affect you. National Training Manager Ted Highland details the changes in this article.
Real Estate instructor Josh Manier explores the strategy of using real estate investment to preserve your retirement income, and take control of how you retire.
Spinning your wheels on social media? Real estate agents post more to their facebook business pages than people in any other industry. Yet their posts receive the fewest clicks, likes, comments, and shares. Use these tips today to rise above the clutter on the world's largest social network.
As a real estate agent, you are the go-to resource for clients as they navigate through what is likely the single largest transaction they’ll ever complete. Make sure you’re not overstepping your legal bounds in an effort to live up to your clients’ expectations of expertise.
Federal and state income taxes can be daunting and frustrating for all taxpayers, but even more so for the self-employed professional. Real estate and tax professional Chris Bird provides four tips you should consider before you meet with your tax professional in the this spring.
Countless people lost everything as a result of the banking and real estate meltdown. These individuals may be down, but they are not out. They are committed to rebuilding their financial lives, but they may have little idea of how or where to start. This is where you come in.
As a newly licensed agent, building a brand and growing your leads list are two of your most critical activities. Your success depends on getting the word out about your business, and that often costs money. In this article, instructor Dean Paul Dominguez explores what the merger between Zillow and Trulia means to the new agent, and their marketing budget.
Schools play such a big role in determining the value of homes in their district. Because homes in a good school district are in high demand, the value of living in a good school district can't be overstated. Toby Schifsky, explains how the relatively small additional tax costs of a school levy may be more than worth it in the big picture.
There are five easy questions that you can ask your existing real estate clientele that can easily double or triple your annual commission income. Far too many residential agents fail to ask these questions and, as a result, are leaving tens of thousands of commission dollars on the table for somebody else to pick up.
The most successful real estate agents in the country understand the value of a personal brand. Learn the 3 things you need to keep in mind as a real estate professional to create and grow a meaningful personal brand that will help drive your business.
We invited Realty Connection CEO and co-founder Dan Gerlock to contribute to the Resource Center as a guest blogger. We encourage all real estate agents to create an account and check out the great functionality of the Realty Connection platform. Learn more about this powerful online resource in Dan’s article.