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Dominik Buzzard

Resumo da Biografia Every time I talk to someone about my business and career, it constantly comes up that "they've thought about getting into real estate" or know somebody who has. With so many people thinking about getting into property, and getting into real estate - the reason why aren't there more successful Realtors on the planet? Well, there's only so much business to go around, so there can only be so many Real Estate Agents in the world. Personally i think, however , that the inherent nature from the business, and how different it is through traditional careers, makes it difficult for the average person to successfully make the changeover into the Real Estate Business. As a Broker, I see many new agents make their way into my office - for an interview, and sometimes to begin their professions. New Real Estate Agents bring a lot of excellent qualities to the table - plenty of energy and ambition - but they also make a lot of common mistakes. Here are the 7 top mistakes rookie Real Estate Agents Make. overlay?src0\u003dhttps%3A%2F%2Fi.vimeoc1) Simply no Business Plan or Business Technique So many new agents put all of their emphasis on which Real Estate Brokerage they will join when their shiny brand new license comes in the mail. Why? Because most new Real Estate Agents have never been in business for themselves - they've only worked as employees. They, mistakenly, believe that getting into real estate business is "getting a new job. " What they're missing is that they're about to go into business to get themselves. If you've ever opened opportunities to ANY business, you know that one from the key ingredients is your business program. Your business plan helps you define exactly where you're going, how you're getting there, and what it's going to take for you to make your real estate business a success. Here are the essentials of any good business program: A) Goals - What do you need? Make them clear, concise, measurable, and achievable. B) Services You Offer - you don't want to be the "jack of all trades & master associated with none" - choose residential or commercial, buyers/sellers/renters, and what area(s) you want to specialize in. New residential real estate agents tend to have the most success with buyers/renters and after that move on to listing homes after they've completed a few transactions. C) Market - who are you advertising yourself to? D) Budget - consider yourself "new real estate agent, inc. " and write down EVERY expense which you have - gas, groceries, cell phone, etc ... Then write down the new expenses you're taking on - board dues, increased gas, increased cell usage, advertising (very important), etc ... E) Financing - how are you going to pay for your budget w/ no income for the initial (at least) 60 days? With the goals you've set for yourself, when will you break even? F) Marketing Plan -- how are you going to get the word away about your services? The MOST effective way to promote yourself is to your own sphere associated with influence (people you know). Be sure you do so effectively and systematically. 2) Not Using the Best Possible Closing Group They say the greatest businesspeople surround on their own with people that are smarter than them selves. It takes a pretty big team in order to close a transaction - Buyer's Agent, Listing Agent, Lender, Insurance Agent, Title Officer, Inspector, Appraiser, plus sometimes more! As a Real Estate Agent, you might be in the position to refer your client to whoever you choose, and you should make sure that anyone you refer within will be an asset to the transaction, not someone who will bring you more headaches. And the closing team you direct in, or "put your title to, " are there to make you shine! When they perform well, you get to participate of the credit because you referred them into the transaction. The deadliest duo out there is the New Real Estate Agent and New Mortgage Broker. They get together plus decide that, through their mixed marketing efforts, they can take over the entire world! They're both focusing on the right section of their business - marketing - but they're doing each other no favors by choosing to give each other business. If you refer in a poor insurance agent, it might cause a minor hiccup in the transaction - you create a simple phone call and a new agent can bind the property in less than an hour. However , because it typically takes at least fourteen days to close a loan, if you use an inexperienced lender, the result can be disastrous! You may find yourself in a position of "begging to get a contract extension, " or even worse, being denied a contract extension. Look into my blog post :: Estate Agents Croydon