As you work on your studies to get your real estate license, you should be thinking ahead about the steps you will need to take to start your business once licensed.

As a newly licensed real estate agent, you will need to work under the supervision of a managing broker for a period of time designated by your state. Start interviewing managing brokers from different companies early to determine where you will start working once you obtain your license.

Make a list of questions to ask during the interview. Think of what is important to you. Will you receive quality ongoing training throughout your first year? Larger companies might offer weekly trainings, branch meetings and one-on-one coaching. Some companies may assign an experienced agent as a mentor. Most large companies will assess desk fees and franchise fees to help cover the cost of these trainings.

Inquire how desk fees and franchise fees will be paid and what happens if you do not sell enough to pay them. Smaller companies may not assess high desk fees, but they may not provide the extensive training that a new agent needs.  It is important to assess the training provided as well as the costs to work there.

In the first year, take as much training as you can! Make sure you know state requirements for continuing education and stay on top of it. Find courses of interest that will expand your knowledge and help you grow professionally. These courses will help you increase your confidence and in return help you build your business. It is not wise to wait until the last minute to take your required continuing education as you might be putting off for later what you need to know today. The more you learn, the more confident you will become.

Start telling everyone you know that you are getting licensed and build a sphere list. Start reading real estate blogs and research what experienced agents are doing. Stay on top of your areas short sale and foreclosure rates. Attend a short sale or foreclosure training as soon as you can.

Selling real estate is an exciting career, one in which you will continuously learn and grow and you will soon discover, if you haven’t already, that you can never learn too much in this business.

Tags: real estate agent, real estate broker, Real Estate Business, Real Estate Education, real estate interview, real estate license

This entry was posted on Friday, January 29th, 2010 at 6:01 pm and is filed under Real Estate Business, Real Estate Education, Real Estate Industry News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.