For those interested in pursuing a career in the real estate profession, the question at stake is whether to delve into commercial real estate or residential real estate. There are pros and cons to both options. Whereas residential real estate is likely to have more clients and traffic, commercial real estate can offer bigger gains and fewer transactions.No matter which you choose, you should understand the differences between each one.
In order to become a licensed real estate agent, you must complete the following:
- Take a real estate class that meets the required hours in accordance with your state laws
- Pass the real estate exam administered by your state government
- Find a real estate brokerage firm specializing in either commercial real estate, residential real estate, or both, depending on which you would prefer to specialize in
All real estate agents should always:
- Have an open schedule – it is essential for realtors to be able to show a property based on the availability of their clients.
- Always invest in periodic training – Continuing Education is required to obtain your real estate license. You can find these classes through your local real estate school.
- Create marketing strategies – Utilize social media, your company website, and other real estate search engines to create connections and advertise your properties. It is also common for real estate agents to outsource and use a marketing company to help with their marketing strategies.
- Know your client’s needs – find a property that can meet and exceed their expectations and price point
- Explore other avenues of real estate such as
- Development
- Purchasing and leasing
- Finance
- Know your strengths and limitations and those of your investors.
A career in real estate can be a very rewarding one so long as you follow the proper protocol and keep these suggestions in mind. Following these simple steps will assure you a great start as a real estate agent.
