4 mistakes new agents can avoid
03/08/2016 | Author: Editorial Staff
There’s a lot to learn when you become a Texas REALTOR® and you may be wondering what it takes to succeed in your new business. Start by avoiding these four common mistakes.
Mistake #1: You don’t have a plan
Every new agent has a general plan to sell houses and make money, but how will you achieve that goal? You’ll need a realistic action plan to achieve the results you want. Learn how to build a plan with these tips from Texas REALTOR® magazine.
Mistake #2: You aren’t thinking about designations and certifications
Earning designations and certifications can help you understand the ins and outs of the real estate industry while refining your skills in a specialty. And increasing your skills can lead to increased earnings. There are a variety of designations and certifications available, including those related to buyer representation, residential specialties, land brokerage, commercial specialties, and property management. Get more information on designations and certifications.
Mistake #3: You aren’t putting yourself out there
You shouldn’t be shy about the work you do. People can’t hire or refer you if they don’t know you’re a Texas REALTOR®. You can also gain leads by volunteering at the office to field questions from people looking for assistance. Offer to help the other agents at your brokerage, too. You’ll get experience, prove your abilities, and potentially gain referrals.
Mistake #4: You don’t have a good financial plan
Many new agents get their first commission check and don’t consider where that money should go. A portion should go toward building a financial safety net so that you can survive during down times. And some money should go toward building your retirement fund. You’ll also need to consider taxes and other business expenses. Hiring a financial professional now will ensure you’re smart about your money at every step of your new career.
The material provided here is for informational purposes only and is not intended and should not be considered as legal advice for your particular matter. You should contact your attorney to obtain advice with respect to any particular issue or problem. Applicability of the legal principles discussed in this material may differ substantially in individual situations.
While the Texas Association of REALTORS® has used reasonable efforts in collecting and preparing materials included here, due to the rapidly changing nature of the real estate marketplace and the law, and our reliance on information provided by outside sources, the Texas Association of REALTORS® makes no representation, warranty, or guarantee of the accuracy or reliability of any information provided here or elsewhere on texasrealestate.com. Any legal or other information found here, on texasrealestate.com, or at other sites to which we link, should be verified before it is relied upon.