Beginning a career as a young real estate agent is an exciting yet challenging time. Between pre-licensing courses, picking the right brokerage for you, and passing your real estate license exam, it can be demanding.
Here are some tips for young and upcoming real estate agents, to help you succeed at the start of your career:
Complete a Pre-Licensing Course
Based on where you plan to practice real estate, you will need to have a valid license to do so. To begin this process, research local real estate schools near you and determine which one will be the best fit for your endeavors.
Find a Brokerage that’s right for you
The right brokerage should help you strive to succeed in your goals. You may want to consider factors such as location, commission split, the work environment, access to adequate technological resources, determine if you want to work for an independent company or a franchise, and ensure that the team at the brokerage of your choice will be there to support you every step of the way. This step is extremely crucial and may take a lot of research and time before you find the right fit for your specific needs.
Listen to your Mentor
Your mentor will be there at the start of your career to give you an overview of what is expected from you daily. They will help with onboarding activities and provide you with the required materials that you may need. Additionally, you will be able to shadow your mentor to get a closer look at what it’s like to secure a deal and respond to leads through advertisements or external databases. This individual will ensure that you are prepared to secure your first deal.
Real estate is a demanding job that requires a lot of learning. If you want to begin a career in this field, you must be ready to complete all training courses provided to you and willing to ask for help if needed. Additionally, you must have exceptional organizational and time management skills and a passion for this career. Patient and driven individuals are those who thrive within this field.
Networking is crucial for any career and will determine your success in a real estate agency. Learn how to work with a marketing team to secure new clients and deals. LinkedIn is a great social media platform to use to connect with other brokers and prospective clients.
Research the Market
It’s highly important to know what is going on within the market because it’s ever-changing. Real estate agents must pay close attention to the economy because business is affected greatly by this. Cities with a high-demand job market will create new opportunities for rental properties. You should pay attention to what your competitors are doing as well and what deals they’ve closed recently to see if there is room for improvement within your brokerage.
Enhance Communication and Presentation skills
Communication and presentation skills are necessary to succeed in real estate. Brush up on your public speaking skills because between tours and cold calling future clients, you will need to communicate effectively. If you seem unsure of what you’re talking about or seem nervous around a client, they may choose to find another broker. Remain confident and you will secure a deal.
Additional Questions? Ask the Experts!
At The Genau Group, our team is managed by real estate advisors with more than 100 years of collective real estate experience and knowledge. Additionally, we have backgrounds in Accounting and Finance. Our goal is to build long-lasting relationships with our clients, as long as they remain in business.