Becoming a successful real estate broker is not only a combination of education and licensing, but also involves networking and establishing your name in the industry. EXIT Realty of the Carolinas, a franchise serving the Mount Pleasant, SC area, attributes their growth and success from an innovative idea that is revolutionizing the real estate industry.
Below, the real estate pros of EXIT Realty of the Carolinas, explain the unique idea known as the EXIT Formula and its impact upon the franchise and real estate industry:
Since real estate is an entrepreneurial career, real estate agents typically work for themselves, however this often also means no benefits, few vacations, and unstable income. The EXIT franchise has developed their own
As a real estate agent, your financial success depends on building and maintaining a network of prospective clients. And according to Mr. Tijerino many of these relationships have to be maintained. “Without Communication there’s no money, so you have to go out there and start meeting new people always!” in real estate Communicating with people seems to be the key to be successful real estate agent. It is certainly key to keep in contact with your buyers as a real estate agent but Mr. Tijerino told me it’s not always about you talking you also have to be a good listening, he told me one of the most important skills in involving real estate is to listen
The most formidable aspect in real estate has to be maintaining one’s career. Although there are many agents in this career field, the competitive environment portrayed daily makes this career one that may prove to be unsuitable for the meek. Negotiations, persuasion, debate and often a frequent contest for supremacy in the agency are recurring tasks when trying to sell property to clients. One could think of this as similar to the board game “Monopoly”, in reverse. Rather than trying to own all the property around, these “players” attempt to sell as much land as they possibly can. Those who fail to recruit an adequate amount of clients find it hard making it “past go” and often fail in the agency or, much worse, lose their jobs.
Before my research I thought that I already knew what it took to have a career in the business world. I found that there are many objectives that I have to overcome before starting my career. By doing my research, I have came to the conclusion that owning a business is not for me. I have found a new love for real estate and everything it has to offer, career wise. A real estate agent would be the perfect job for me. An agent’s main responsibility is to help a client in the process of buying, selling, renting, or leasing a piece of real estate.
You are considering a career in real estate. Fantastic, this is a great industry to become a part of.
In order to do this job I have to get a state licensing is required in all states and the District of Columbia. A college degree isn’t required to become a real estate agent. Most states only require a high school diploma or an equivalency certificate. You have to take a 2 week class to be able to take the state test because you have to learn about the material on the state test. “Some formal on-the-job or classroom training is necessary to become a real estate agent. Upon satisfactory completion of the training program, candidates can apply to their state's licensing board for a
There are many skills exuded by professionals in the real estate sector that can be replicated elsewhere. For example, most successful real estate agents posses entrepreneurial spirit, high likability, professional appearance and good communication and time management skills.
Most of the agents who have enjoyed success have had many years of experience and have created a client base that generates business for them on a regular basis, but this only came after many years of hard work. The most important point that I have become enlightened about in having a successful real estate career is that you have to go out and get the business yourself because the business wont necessarily come to you.
In this crazy world, it is important to find those who you can depend on- in life, in love, and especially in real estate. Finding the right group of people to network with and collaborate with is key to finding success in this field. In analyst Jonathan Littman’s article, “Real Estate Reinvented,” Littman documents information that he researched on Northern California’s Alain Pinel Realtors. An Alain Pinel Partner and the company’s President, Helen Pastorino, states that “ [she] believe[s] that the ‘every agent for himself’ hurts sales and [she has] quickly turned to using computers and networking to [her] advantage” (Littman). A successful real estate agent will not be afraid to collaborate and work with others, because he/she knows that
Buying or selling a house or an apartment is one of the biggest decisions of a person’s life. And when selling or establishing a price for real estate, people seek out real estate agents to do the dirty work. A real estate agent has to convince a prospective homeowner that he or she is trustworthy and knowledgeable. In many ways, the agent acts as a counselor to individuals and families about to embark on a huge commitment. Real estate agents have a thorough knowledge or real estate market in their community. They
Along with the demands of the field, to become successful in the business of real estate, it is essential that I have certain skills. Skills I would need as a real estate agent are communication/interpersonal skills, networking, and self-motivation. In the real estate business, you have to be able to sell yourself, in order to sell property. Agents have to make clients believe in them, believe that everything they’re saying is true, smart, and that the client is making the best decision by choosing you as a realtor. As a real estate agent, according to state law, you must work with a broker, so this is where being communication comes in handy. Another skill that is a major plus to have, is networking. As everyone says, “it’s not what you know, it’s who you know.” So it’s smart that you network in this business, because the more people you know, the more potential clients there could be, and the more sales could be made. Generally, communication, interpersonal, and networking skills will take you a long way, as well as self-motivation. It is known that in the real estate industry there could be more down days than ups, due to dramatic, unexpected fluctuations in the economy, it makes sales more difficult for agents, so if you have self-motivation, it could bring something positive to the business, and gives you drive to work hard. For example, around the years of 2008-2010 there was a great recession. In that recession, no one could predict when
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A real estate agent must possess a gregarious personality to attract clients to buy properties.
Professionals in the real estate industry realize that continuing education is important to their career. In addition, it is expected that the real estate professional will continue learning and improving their knowledge on the real estate world along with all the changes in law and new regulations. Certainly, Oregon Real Estate Continuing Education Online courses will prepare the real estate professional to renew their license and stay competitive with others in their profession. The fact is that in Oregon, the real estate professional is expected to take at least 30 continuing education hours, each renewal period.
This paper will seek to provide an overview of the real estate process and its affects on the real estate agent. An agent needs to be knowledgable about the steps required to make a sale, and the risks involved when the sale does not go as planned. Real estate sales require much of the agent, including sacrifices in their personal lives and in their financial stability. Agents must be teachable and willing to seek to see others succeed. A successful real estate sale consists of many steps, sacrifices to personal time, and an agent’s ability to work well with others while remaining incredibly flexible.
Moreover, this sector has ended up creating a win win situation for all the stakeholders who happen to hold direct or indirect interest in the same. This is one of the vital reasons that has contributed to the growth of real estate business in general, which is exactly why we see a number of real estate companies and agencies laying base in every nook and corner of the street.