Tips for Getting Started in Real Estate, Picking a Brokerage and Learning the Ropes
Becoming a real estate agent can be a rewarding and lucrative career choice. As a new agent, you may feel overwhelmed by the abundance of information available and may not know where to start. In this blog, we will provide practical advice and tips to help you get started in your journey.
Firstly, we will explore how to select the right brokerage that aligns with your goals and career aspirations as a new agent. Secondly, we will discuss the importance of continuous learning and development as a real estate agent, along with ways to enhance your knowledge and expertise. So buckle up, grab a pen and take note of these valuable insights.
Picking the Right Brokerage
Selecting the right brokerage is one of the most crucial steps you will take towards success as a new agent. It is essential to choose a company that is committed to your growth and development as an agent. Start by researching and comparing different brokerages in your area, examining factors such as commission splits, training and support, brand reputation, and company culture. Also, consider the company's reputation, size, and track record in the industry. Schedule interviews with multiple brokers and ask relevant questions to assess which broker fits your needs.
Find a Mentor
When I first entered the real estate industry, I was determined to learn from the best. So, I reached out to agents who were successful in the markets that I wanted to work in. Instead of just asking for help, I made sure to highlight my strengths and offer my assistance in exchange for learning the ropes. This turned out to be one of the best decisions I made for my career. I was fortunate enough to become an assistant to a top luxury agent, and that experience shaped the entire trajectory of my business. During my 3 years as an assistant, I absorbed invaluable knowledge and skills from my mentor. Not only did I learn about the technicalities of the real estate game, but I also gained insight into the luxurious side of the market, which I had always been passionate about. I believe that in any industry, having a mentor can make all the difference. But it's not just about finding someone to guide you, it's also about bringing value to the table. By being an asset to my mentor, I gained their trust and respect. And in return, they were more than willing to share their expertise with me.
Embrace Continuous Learning
Real estate is a constantly evolving industry. Thus, your learning journey should never end. As a new agent, it's imperative to have a growth mindset and invest in continuous learning and development. Attend training sessions, seminars and participate in networking events, read industry publications, and join online groups related to real estate marketing and build relationships with peers. Always keep your knowledge and expertise up to date, and your clients will appreciate the value you bring to the table.
Use Technology as an Asset
As a new agent, you will either have minimal or no client base, and the first step is to build a strong online presence. Utilize technology to your benefit by setting up a website and social media accounts on various platforms and create valuable content that showcases your expertise and brand. Learn from other successful agents' social media strategies and develop a marketing plan that suits you.
Establish a Schedule and Stick to It
A real estate agent's work schedule can be eclectic. The hours are often long, unpredictable, and irregular, making it easy to lose sight of goals and plans. To succeed, you must have a daily, weekly, or monthly schedule that allows you to stay focused and productive. Set goals, define your priorities, and establish a routine that works best for you, and stick to it.
Build Relationships
As a real estate agent, your network is an invaluable asset that can open doors to new opportunities, referrals, and knowledge. In the highly competitive industry of real estate, building strong relationships is key to achieving success and establishing yourself as a reputable and successful agent.
In conclusion, becoming a successful real estate agent requires a combination of factors, including selecting the right brokerage, embracing continuous learning, utilizing technology, establishing a schedule, and building strong relationships with clients. Remember, the journey to success is gradual and requires perseverance, patience, and discipline. Put in the effort, and you'll start seeing results. Keep these tips in mind, and you'll be well on your way to becoming a successful real estate agent.
Katrina Rosendary
Real Estate Advisor
Brown Harris Stevens
