If you want to become a good real estate agent and make it in the business, passing the real estate agent test is not what you should be worry about. Make sure you study well and you will pass. You should instead focus on the things below in order to be successful in the real estate business.
1. Make Sure to Have an Income Source
Don’t think that everything is going to work well financially once you start. Be prepared that you will not have a commission for at least 6 months, so it’s better to save up enough money for a backup or keep your day job for a while if you have one. You need to have an income source and be able to pay your bills while starting as an agent.
2. Get a Successful Agent or a Broker to Coach You
Passing the test will get you a real estate license, but it will not help you succeed in this business. You need to find a successful agent or broker to be your mentors. You can offer to assist them in their deals. Real estate isn’t just about selling properties. You need to be able to understand things like title insurance, explain surveys, encumbrances and much more.
3. Make a Business Contact List
As you are starting your career as a real estate agent, you will work with buyers, sellers, investors, inspectors, loan officers, companies, potential clients more. Make yourself a business contact list so it will be easier to locate all that information when needed.
4. Use the Internet
Agents with a long career in the business can still succeed due to referrals, but the internet is an essential tool in today’s real estate market. You can’t market properly without using the internet. Using your website and social networking, will help you get a foothold in this business of buying and selling. Your website needs to look good but not expensive.
5. Don’t refuse any deals
When you first starting, never turn down a deal from a buyer or seller. Even though some deals may not look like they can bring you big commissions, they might translate into more business that will come your way in the future.
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