Thursday, February 25, 2016

Top 5 Real estate success tips

Top 5 Real estate success tips By Atchut neelam

Attaining success in trading real estate is something that will depend on the effort you're willing to put forth. Also, success depends on your personality and how much you are willing to persevere. Finally, you must be willing to learn and maintain a strong network of past and present clients. And with a little bit of learning here and there, you will be able to propel yourself to new heights in your career.
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Therefore, to achieve real estate success, follow these tips:

1 Find a license

Every state has different licensing rules for becoming a realtor. So the first thing is always to research for this information. Go online and also contact brokerage in your area to establish the education and licensing requirements applicable in the state you want to serve.

Preparing to sit for a real estate exam

Preparation requires that you study every topic that you will be examined on. You could seek the services of test preparation companies. If not, just prepare on your own provided you know what to study.

Secondly, be knowledgeable on the type of contracts that are dominant in your state. Even then, you must exclude opening listings, exclusive listings, net listings etc.

Learn the real estate terminology to help you with the buying and selling process. You should be able to familiarize yourself with all applicable industry jargon.

Also, you should learn about all the real estate tax implications and laws in your state. Finally, know about fiduciary relationships as well as disclosure obligations.

2 Sign up for an exam

Every test center is guided by a licensing board in a particular state. Locate the nearest test center to take your real estate exam from. You will pay to sit for these examinations.

Get your practicing license as well as insurance

Every state has different license and insurance requirements. So to be sure, just confirm with your local realtor association.

3 Establish your network

Many states will require a learner to work under the umbrella of an established brokerage for a limited time before they can go fully independent.

In your bid to work with the best firm, find out if they specialize in buying or selling, the benefits they give to their agents and of course, their coverage area.

Build your contact list

The more you expand your network, the more business you will make. Use a custom management software to keep all your contacts intact and easy to retrieve. You could also ask your clients for referrals.

4 Have a website and decent social media presence

In addition to a professional website dedicated to real estate, build a solid social media presence too. You should monitor what social media users are saying to spot new opportunities/challenges. Make sure you include listings and links to other listings on your site. Also, craft a nice bio consisting of your up-to-date closing history for people to see.

5 Personality

Real estate success depends on your personality. You should therefore have a charming, jovial personality towards everyone you meet. This kind of personality will help you establish contact with new people while listening to them and finding out what they need. Make sure you are at ease when it comes to discussing contract terms with clients. 

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