Remona Jabar - Success as a Real Estate Agent

1
Remona Jabar
Success as a Real Estate Agent
2
Business Planning Analysis

• If you have completed your practice of real
  estate not it is very important to clear a
  licensing test. To clear the licensing test it is
  necessary to develop a proper plan for it and
  follow it for becoming a successful real estate
  agent. Some agents pass the test but they do not
  understand the layout of business and they fail
  to develop a budget and business plan or to study
  the ropes that aren't taught or covered in the
  test. 
• You can consider these tips as essential tools to
  help you to get success in your business. It is
  critical to plan about the pace of business and
  its cost and most important to take the business
  to the right prospects.

3
Real Estate Agents Checklist

• Getting the license
• Have a backup income source
• Start building your "book of business
• Start out right with technology and the Internet

4
Study the Failure Reasons of other Real Estate
Agents

• It is very essential factor to know the reasons
  why others have failed in the business that will
  help you to avoid the same mistakes that they did
  for their business. Here are some points that you
  must keep in mind
• Average Income of a Real Estate Agent
• The Competition is Fierce with More Agents Than
  Ever
• Are Your Expectations Realistic?
• Be Financially Prepared for Lean Years in Your
  New Business
• Avoid Real Estate Agent Burn-out

5
Know Your Expenses

• Before making your career in real estate you must
  know how much are your personal expenses? Here's
  some help in making sure you have a handle on
  those expenses and a plan to make sure that
  they're paid while still allowing you to devote
  time and budget to your new business. 
• Don't Get Killed by Your Expenses
• Identify Your Personal Expenses
• Real Estate Agent Business Expenses
• Seasonalized Income Estimates

6
Sales Funnel Approach

• Becoming a real estate agent requires that you
  know your present and future expenses, both
  personal and business.  However, that's just half
  the puzzle.  What about your income?  Sure, it's
  sales, and who knows how well you'll do at first,
  or how many deals you can get done in your first
  couple of years?  You can develop an income
  budget just like an expense budget, and you'll
  get a spreadsheet and a step by step process to
  come up with a realistic estimate of what you can
  expect for income the first year or so.

7
Plan a Marketing Budget

• After estimating your expenses now its time to
  develop a budget for marketing efforts. There's
  lots of advice out there about this. A common tip
  is to budget 10 of your commission income for
  marketing. That's OK, but difficult, considering
  you don't know what that income will be. Adding a
  percentage of commissions to a base budget amount
  is easier to plan and logical.
• If you're disciplined at money management and
  don't already owe a lot, debt is a reasonable
  tool for this purpose. A certain credit card
  limit amount can be allocated to marketing, and
  that amount can be budgeted over the first year.
  If you want to cease using the debt when
  commissions are coming in, that's good, but keep
  to the marketing spending plan out of the
  commissions.

8
Selection of Broker

• Choosing a right real estate broker is very
  important and for this you have to understand
  your needs both income and training related. Just
  have a look at some factors that are essential to
  choose a broker
• Determine your expenses so you'll know what you
  need for income.
• Compare Broker Lead Referrals With a Prospect
  Income Funnel Approach
• Don't forget incidental and office expenses.
• Mentoring and training mean more to some than to
  others.

9
Remona Jabar 500 Madison, Suite 545 Toledo OH
43604 http//www.incomepropertyshowcase.com/