Very Important! You should never rely on a broker to give you leads or business... you are setting yourself up to fail. It's a nice bonus here and there... but newbies will not get the better leads. Broker's would be crazy to give there best leads to someone who does not know what they are doing. Leads are expensive & very valuable!
So ask to ride along with other senior Realtors on appointments, volunteer as an assistant to learn the ropes, be active with the board and attend classes. The more you absorb and witness, the more experiences you have to better help your future customers and become an expert in real estate. Your broker will then see you are ready for serious referrals and leadsâ€¦ so will your friends and family! Hope this helps. Good luck ïŠ
Sheryl Lynn Webster
Broker / REALTOR
The Real Estate Firm Inc.
My best advice is number one make sure you have at least 6 months reserves. These days with all the short sales it takes forever to get paid on commission. Case in point I am getting paid on deals I did last year.
Make sure the broker you go with is there too help you learn the business and will give you leads. Leads is an absolute must when you start. Also make sure you ask what there fee's are. I have heard of some crazy fee's the Big Realty companies charge. Check into that.
Also take the time to learn your area. The way I did it was learn one city at a time and by section. So you know what homes in each section of the city are selling for.
Also read as much as you can and learn lender financing. This is a must in todays market. If you don't know what financing programs are out there you will be looked at as someone who doesn't know the business very well. Aligning yourself with a knowledgable loan officer will help you greatly.
Do not get discouraged by the negative Realtor and develop thick skin. I think I covered most of everything.
Well Ms Patty I wish you the best and I hope you have a great career when you do take the plunge..