How To Become a Successful Real Estate Agent or Broker



Are you interested in being self employed as a real estate broker?

Do you want to learn how to become a real estate agent or broker?

Do you want to know the requirements needed to become a commercial real estate agent or broker?

Then read on as I share with you how to become a successful real estate agent or broker.



Since most Nigerians dream of owning their own home, and 82% of all properties are sold through real estate agents and brokers, there are lots of opportunities waiting for you to cash into.

This makes the real estate industry one of the most lucrative to get into.



In 1986, the National Association of Realtors’ census revealed that there were 1.2 million real estate agents in the United states alone.

Now fast forward to today, I bet the number must have doubled; yet, the opportunities still remain abundant.



Now with respect to the ongoing tax reforms and the current state of the economy, you would expect the number of homes being bought and sold to decrease but the reverse is the case.

With the falling interest rates, the residential and commercial real estate market is still going strong.



No matter what is happening nationwide, households will keep being bought and sold because everyone needs a place to live.

After all, shelter is one of the basic needs of man.





5 Things to Know about Becoming a Real Estate Agent



Before I go into the intricacies of becoming a real estate agent, I want to first make some points clear.

The first point I want to make clear is that becoming a real estate agent or broker does not necessarily mean that you must be employed in an estate firm.




Though you can seek employment in an estate company to hone your skills and gain experience.

Then you can proceed to become a self employed estate broker or start your own real estate business.



Secondly, the principle of becoming an estate agent is the same all over the world.

What will be different are the regulations and requirements of each state, country or region and the economy of the said region.



So whether you want to learn how to become a real estate agent in Nigeria, Ghana, Illinois, NY, Australia, Canada, India, etc; you will find this information useful.




How to Become a Successful Real Estate Agent or Broker



Make up your mind to become a real estate agent



First, you would have to decide if this career is right for you.



Secondly, you have to do it for the right reason.



Your aim should be to end up as a real estate entrepreneur; running your own real estate agency or brokerage company.



Most people have the assumption that to be a successful real estate agent, you just need to be good in convincing people to buy properties and houses.



Good communication and persuasion skills are necessary to succeed as an estate agent but that is not all.

You also need to be familiar with the intricacies of the real estate industry.

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Becoming a real estate agent is difficult but achievable. You’ll have to develop an extensive client base, manage your own finances and learn about property values. But if you can do it, you’ll be rewarded with a lucrative and stable career.

To see if you have what it takes, ask yourself these questions:

Do I work well with people?
Do I value organization?
Am I willing to invest my time (and money) into marketing myself?
Can I deal with rejection?
If your answers to the above questions are in the affirmative, keep reading!

This guide will walk you through every step of becoming a real estate agent in Nigeria.

First, we’ll discuss how to become a real estate agent in general—and then we’ll cover all of the specifics for becoming one in Nigeria.

Ready? Let’s get started!

1) Realize that becoming a real estate agent requires hard work:

There are no shortcuts to success. Becoming a real estate agent is no different. It takes time, effort, and dedication to succeed as a real estate agent—but if you put in those three things, you’ll reach your goals sooner than later.

The most successful agents spend between 15-and 20 hours per week on their business. When they aren’t spending that time on their business, they’re working toward getting more clients or improving their skillset (more on that below).

To succeed as a real estate agent, plan on devoting at least 20 hours per week to growing your business. Realize that becoming a real estate agent isn’t easy, but it is possible.

2) Realize there are many types of real estate agents:

In order to become a real estate agent, you first need to decide which type of real estate agent you want to be.

Most people think of a real estate agent and immediately picture someone who sells houses.

However, there are actually many different types of realtors – including residential sales agents, commercial streamline sales agents, and even land brokers.

Realizing which type of realtor would suit your personality best will help streamline your education or training process (since some classes/courses won’t apply).

Don’t worry too much about choosing right now – just know that there are lots of options out there!

3) Understand that real estate agents must complete specific courses and licensing requirements:

Becoming a real estate agent involves completing certain courses and obtaining certain licenses. Some states require new realtors to take continuing education courses each year, while others require only a license renewal fee each year.

Real estate licensing requirements vary by state, but there are certain core requirements that every state has in common.

Before you start learning about real estate, make sure you understand your state’s specific licensing requirements!

4) Figure out whether online or traditional schooling is better for you

There are two main ways to obtain your real estate license – online schooling or traditional schooling.

Online schools offer flexibility and convenience, while traditional schools offer networking opportunities and more face-to-face interaction with teachers.

Both methods have pros and cons, so you’ll need to determine which method works best for you.

You can also read from blogs on real estate such as rarefortunes

5) Choose a real estate school

After you’ve decided whether you want to go online or attend a traditional school, you’ll need to choose a school.

There are many great real estate schools available, but finding one that fits your needs can be challenging.

To find a great real estate school, consider asking friends and family members where they went to school and read reviews on popular websites like Yelp.

6) Consider taking additional courses and certifications:

While completing your real estate program is important, it’s not everything. Successful real estate agents also need to constantly improve their skills and knowledge.

To stay competitive, you’ll need to continually take courses and certifications.

Real estate is a fast-paced industry that changes daily – meaning that you’ll need to be on top of your game if you want to succeed.

7) Join a real estate association:

Joining a real estate association is another important part of becoming a real estate agent. These associations provide educational resources, networking opportunities, and job listings for their members.

Becoming a member allows you to network with other professionals in your area, making it easier for you to grow your business!

Now that you’ve learned about all of the steps involved in becoming a real estate agent, it’s time to build your real estate agency business by learning these 8 steps of becoming a real estate agent in Nigeria

Ready?

Let’s proceed

https://rarefortunes.com/becoming-a-real-estate-agent-in-nigeria-8-steps/