What To Do After Getting Your Real Estate License
You did it! You conquered the real estate licensing gauntlet and emerged victorious. Now, it’s time to turn that victory lap into a strategic game plan that sets the stage for your real estate triumph. Buckle up because we’re about to dive into the essential steps for what to do after getting your real estate license.
8 Steps to Take After Passing Your Real Estate Licensing Exam
1. Pick the Perfect Sponsoring Brokerage or Agency
Choosing your brokerage is like picking your real estate sidekick. Do your homework, understand the company culture, and find a place that aligns with your vision. Dive into the nitty-gritty – training programs, commission setups, and office vibes. Schedule those coffee chats and get a feel for where you’ll get the support you need.
Pick the best broker for you, not anybody else. Your sponsoring broker is the person who will teach you the ropes, guide you through challenges, and offset the marketing and lead generation costs that come with being a new agent. They’ll answer your questions, point you in the right direction, and provide you with systems and tools to get the job done. They’ll be the one help you launch your real estate career, so choose wisely.
2. Network, Network, Network
If you thought real estate was all about properties, think again. It’s about people. Networking and mining your sphere of influence is the key to becoming a successful real estate agent because the more people you know, and the more people who know you, the more opportunities you have to sell.
Hit up local events, cozy up to professional associations, and let social media be your networking playground. Cast a wide net because building relationships isn’t just a thing; it’s THE thing.
3. Get in on the Real Estate Group Action
Joining a professional real estate organization can help you connect with other agents, network, and increase your knowledge outside of your brokerage. Groups like Sell It Like Serhant? Yeah, they’re gold mines. Join exclusive memberships for a backstage pass to industry insights, wisdom drops from the pros, and a community that’s got your back.
The Sell It Like Serhant Membership? It’s like having a secret weapon for your real estate journey. We have tens of thousands of members and counting. Get started with a free 14-day trial today!
4. Build Your Brand Online
In the digital age, your online presence is your first impression. Create a slick agent website, polish up those social profiles, and show off your real estate prowess. Regular updates keep you relevant, and an online presence is the key to owning your market and attracting new leads.
5. Money Talks: Build a Budget
Real estate is a business, and every business needs a financial game plan. Break down your budget – marketing moves, pro development, daily grind expenses. Knowing your numbers sets the stage for smart decisions, rain or shine.
Be sure to take tax status into account, too. As a real estate agent, you’ll likely be considered self-employed, so it’s important to be diligent about your record-keeping and take advantage of the tax deductions for which you qualify.
6. Business Plan: Your Roadmap to Glory
Your real estate business is just that… a business. So you need a roadmap, and that’s your business plan. Conduct a SWOT analysis, set goals, map out your turf, understand your systems and processes, and strategize your marketing moves. This plan evolves with you, giving you the GPS to navigate the twists and turns of real estate entrepreneurship.
7. Marketing Mojo: Develop Your Strategy
You’re not just selling houses; you’re selling you. Nail down what sets you apart, figure out your audience, and unleash a marketing blitz. Online ads, direct mail campaigns – the works. It’s your time to shine, and a killer marketing strategy is your spotlight.
8. Mentorship Magic
In the real estate game, mentors are like wizards – they’ve been there, done that, and have the magical advice to prove it. Seek out a mentor, whether in your brokerage or through your network. It’s like having Yoda on speed dial – invaluable insights, challenge navigation, and a sounding board for your grand plans.
Now that you know what to do after getting your real estate license, welcome to the wild, wonderful world of real estate! Strap in, commit to the grind, and watch as your license transforms into a thriving empire. This isn’t just a career; it’s a journey. Get ready to leave your mark on the ever-evolving canvas of property prowess. You got this!