People who have never worked in the real estate business tend to imagine that life as a realtor is simple and easy. You show people around a home, you sell the home, you collect your commission– what could be so difficult about that?
The answer is: “plenty”. Working as a realtor is incredibly rewarding and enjoyable, but it’s the kind of occupation where you have to be constantly on the ball. Realtors have to bring together a vast list of skills to ensure they can make a living, and they also need to know where they need assistance. If you are a realtor, or are contemplating moving into this business, then you need to know about the essentials that any good realtor possesses.
1. An Expansive Contact List
A huge number of realtors rely on their personal connections to help them find work, so it helps if you already have a wide and varied social network. Friends, family, acquaintances are all a good start, though it helps to have ties to the business community if you want to deal with commercial real estate.
If you don’t have an expansive contact list, then you have to take the time to build one. Local networking events are the best choice for this, giving you the chance to engage with others and ensure that you put your name on their radar.
2. A Website
It’s not just your offline contacts that matter for realtors; your ability to attract business online is also important. Setting up your own website and running a blog is one of the best ways to ensure interest in your company, helping you rise up the search rankings and appear as a result when someone searches Google for a realtor. There are plenty of real estate blog and website tips you can adhere to if you have never had any kind of online presence in the past; committing your time in this area can make a real difference to your company.
3. Business Cards
As a realtor, you have to always be ready to hand over a business card if someone you are with mentions buying or selling their home. This is all part of establishing your connections and keeping your name circulating, so invest in good quality business cards, and ensure that you carry them with you at all times.
4. Time Management Apps
Learning how to manage your time effectively is essential for anyone with an interest in real estate. Thankfully, there are plenty of apps and tools that can help you achieve this aim.
5. An Income Tax Calculation Method
As a realtor, you will usually be self-employed, which means you must be comfortable with calculating your own taxes. Again, there are plenty of tools online which can help you achieve this with relative ease, ensuring you’re always setting the right amount of money aside for tax time.
6. Good People Skills
Realtors need to be able to communicate with customers effectively and have an insight into how people think. If you have always been told you’re “good at reading people”, then real estate might just be the perfect career for you.
If you have all of the above, then a successful career as a realtor in the property market could be in your future– good luck!
This is a collaborated post.