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How to Open a Real Estate Brokerage

You might be interested in learning how to open a real estate brokerage if you have an affinity for real estate, a sound knowledge of business and are comfortable brokering deals that involve large sums of money. A real estate brokerage brings sellers and buyers of real estate together and, for a percentage of the deal, negotiates their transactions. Although the real estate market can fluctuate widely--depending on economic conditions--starting a real estate brokerage can be a profitable next step for any real estate agent with sufficient financial resources and contacts.

Things you will need
Contact list
Real estate and broker's licenses
Business plan
Investment capital
Venue, website or both
Office equipment
Broker trust accounts
Catalog
Determine what type of real estate brokerage you want to open. You first need to know what your specialty is. There are brokers who specialize in residential real estate, commercial real estate, national real estate, international real estate or a combination.
2
Make a list of your contacts in real estate that includes people and businesses that can alert you to sellers and buyers.
3
Find out who the competition is in your area and determine what type of real estate they broker and how they reach their customers.
4
Obtain all required licenses. The requirements may vary, depending on where you live. In some states and countries, you can get your real estate agent's and broker's licenses at the same time, while elsewhere you may have to be a licensed agent for at least a year before applying for your broker's license.
5
Write a detailed business plan that includes the cost of your startup, taxes, equipment, employees and marketing as well as employees' salaries. Remember to include your business strategy and expected income.
6
Request funding from private investors or a bank.
The costs of your venue will determine the amount of money you'll need for your start up. You need to decide if you're renting an office, working from your home or starting an online real estate brokerage.
7
Buy your office equipment, including computer, fax, printer and other office supplies.
8
Open broker trust accounts at your bank. All real estate brokers are legally required to use broker trust accounts to deposit the money they receive from clients while brokering a deal.
9
Hire qualified agents who are local and can bring in more business.
10
Develop a marketing plan and put it to work by running real estate ads in the local newspaper and advertising online.
11
Open your real estate brokerage.

Tips
1. Always be prepared to work evenings and weekends, as this is when many working clients will want to view real estate.
2. Always join a national or international brokers' association to stay on top of industry developments and establish new business contacts.
However, for further training and mentoring you can call Lanre on 08031955044.

Still available pls call now for details and let imnspect

Still available pls call now for details

Still available call now for details

Still available call now for details

Still available pls call for details

Still available pls call now for detail

Pls call now for detail

Still available call now for details

Still available pls call now for details

Still available pls call now for details

Still available call now for inspection

Tastefully 4 Bedroom duplex ensuite, spacious rooms, ensuite, serene enviroment ample parking space 2 Tenants in a compound, ready to let now
Location: Gateway Crescent, Magodo Estate PhaseI Isheri, Lagos.
1.5milion naira/yr
See pictures
Interested pls call Lanre on 08031955044, 07011672678 for details/inspection.

Still available pls call for details

Still available call for details

Still available pls call now for details

Still available, call now for details and inspection arrangement

Still available pls call now for inspection arrangement

Still available pls call now for details and let inspect

* 2 Bedroom Duplex at off Bajulaiye Road, Shomolu Carpark,fenced round with gate, 550k p.a x2yrs
* 2 Bedroom Flat at same house 550k p.a x2yrs
* 2 Bedroom Flat at Montgomery Sabo Yaba 550k p.a x2yrs
Bareland for lease at Adekunle on Herbert Macaulay, 2.5 Million p.a asking

Minflat
Miniflat at Sabo and Montgomery 350k p.a x2yrs
Interested in any of the above pls call Lanre on 08031955044, 07011672678 or ping ping on 28853A61 for details/inspection. Thank you

Available call for details and inspection arrangement

Still available pls call for details

Still available pls call for details and inspection arrangement

Still available pls call now

Still available pls call for details

Ikorodu Road, Palmgrove Lagos
* Open office space to let In a block of office space along Ikorodu Road, Palmgrove Lagos.
Size: 150sqm
Price: 1.2m/yr
Preferred Tenant: corporate

Ikeja opposite Lagos State Secretariat Alausa Ikeja.
* Block of open office space
Size: 300sqm, 400sqm
Rent: 30k/sqm
Interested in any of the above pls call Lanre on 08031955044 or 07011672678 for inspection.

Still available plsease call now for details/inspection arrangement

Still available pls call for detail/inspection arrangement.

Still available pls call for details

Still available pls call now for details/inspection arrangement

Still available pls call now for details/inspection arrangement