Congratulations. If you’re thinking of taking your real estate business to the next level or opening a brokerage, it likely means your years of hard work are paying off. If it’s time to grow your business there are many important considerations to make when it comes to ramping up manpower, adding certifications and developing business plans.
Are you considering starting a brokerage? Has an increase in sales made it necessary for you to hire an assistant? Do you have all your necessary certifications in order? If opening your own brokerage is the next logical step in your professional development, it’s important to consult with accountants and business professionals who can advise you on developing a plan to ensure that you’re on solid financial ground.
According to a 2010 NATIONAL ASSOCIATION OF REALTORS® Member Profile, 41% of REALTORS® are affiliated with an independent, non-franchised company. Among the decisions you’ll need to make is whether to buy a franchise or to go independent. REALTOR® Magazine’s 11 Tips for Starting Your Own Business offers great advice on everything from developing a business plan to recruiting other real estate professionals to join you. Continue reading »
Competing in real estate has more in common with the Olympic games than you may have guessed. Preparation and determination are key to being a successful REALTOR® in any one single sale. But to be a champion in real estate, you need to be skilled in a wide variety of events — think of real estate as a pentathlon and you’ll achieve ultimate success.
100 Meter Dash: Short Sales and Foreclosures — REALTORS® face stiff competition when handling short sales. The competition is fast with aggressive inventors and salespeople who move quickly to turn over properties and game the system. To compete in this market you need to get a good jump and sprint through the finish. Don’t come up short when faced with short sales. Keep your head up and win the race. Continue reading »
