You’ve What To Do After You Get Your Real Estate License just gotten your real estate license and you’re ready to take on the world. The questions are, where to start and what do you need to do? Getting a real estate license is a big accomplishment, but it is just the beginning of your journey in real estate. Here are some tips on what to do after getting your real estate license and how to jump-start your career in the industry. From finding clients to marketing yourself effectively, we’ll explore all the ways you can get ahead as a budding real estate professional.
Hang Your License
After you get your real estate license, it’s time to start hanging it! Here are a few things you need to do to get started:
1. Find a broker. This is the first and most important step. A broker is someone who will oversee your transactions and help you close deals. Without a broker, you cannot practice real estate.
2. Join a Realtor Association. This will give you access to the Multiple Listing Service (MLS), which is essential for finding properties and marketing them to buyers.
3. Get Errors and Omissions Insurance. This insurance protects you from lawsuits arising from any mistakes you make while working as a real estate agent.
4. Start marketing yourself! Now that you’re all set up, it’s time to start getting your name out there. Create some business cards, join social media groups, and start networking with potential clients.
Join a Real Estate Brokerage
Most people who get their real estate license join a brokerage. This provides many benefits, including access to the Multiple Listing Service (MLS), support from experienced agents, and a split of commissions earned on sales.
The MLS is a database of all homes for sale in an area, and real estate agents use it to find properties for their buyers. It’s important to have access to the MLS because it’s the best way to find out about new listings as soon as they hit the market.
Joining a brokerage also gives you access to experienced agents who can help you with your business. When you’re first starting out, it’s helpful to have someone to ask questions and learn from. Many brokerages also offer training programs for new agents.
Finally, when you join a brokerage, you’ll typically split your commissions with the company. For example, if you sell a home for $200,000, you might keep $3,000 and the brokerage would keep $7,000. The commission split varies from brokerage to brokerage, so it’s something to consider when choosing which company to work with.
Get Some Business Cards
Business cards are one of the most important tools for any real estate agent. They are your first impression and a way to make a lasting impression with potential clients. Make sure your business cards are high-quality and professional.
There are a few things you should include on your business card:
1. Your name – This is obvious, but make sure it is easy to read and remember.
2. Your contact information – Include your phone number, email address, and website.
3. Your broker’s information – If you are working with a broker, include their information as well.
4. A short tagline or slogan – Something that will make you memorable and stand out from the competition.
5. An image – A headshot or other image that represents you and your brand well.
Start Marketing Yourself
After you get your real estate license, it’s time to start marketing yourself. Here are some tips to get you started:
1. Start by creating a professional website and profile on social media platforms like LinkedIn. Be sure to include your contact information, education, and experience.
2. Develop a strong personal brand by differentiating yourself from other agents in your market. Consider what makes you unique and highlight that in your branding materials.
3. Get involved in your local real estate community by joining industry groups and participating in events. This will help you get your name out there and make valuable connections.
4. Stay up to date on the latest trends in real estate so you can offer your clients the best possible service. Attend conferences, read industry publications, and take advantage of online resources.
5. Keep your marketing efforts consistent by setting aside time each week to work on promoting yourself and your business. This will help you stay top of mind with potential clients and referral sources.
Take Continuing Education Classes
Once you have your real estate license, you are not done learning. In order to stay up-to-date on the latest changes in the industry, and to make sure you are providing the best possible service to your clients, it is important to take continuing education classes. These classes cover a wide range of topics, from new technology to new legislation affecting real estate.
There are a few different ways to fulfill your continuing education requirements. You can take courses offered by your state’s real estate commission or board. You can also take courses offered by private companies or online providers. Many brokerages will also offer their own in-house continuing education courses for their agents.
While it is not required, taking additional courses beyond your continuing education requirements can also be beneficial. If you want to specialize in a particular area of real estate, such as commercial or luxury properties, taking additional courses can help you gain the knowledge and skills you need to be successful in that field.
Whatever route you choose to take for your continuing education, make sure you select coursework that is relevant and interesting to you. Learning should be an enjoyable experience, and if you are not engaged with the material, it will be difficult to retain the information. With so many options available, there is no excuse not to find classes that fit both your schedule and your interests.
Stay Up to Date on Industry Changes
In the ever-changing world of real estate, it’s important to stay up to date on industry changes. Here are a few things you can do to make sure you’re keeping up with the latest:
1. Read industry publications: There are many great publications out there that will keep you informed about changes in the real estate industry. A few of our favorites include Inman News, The Real Deal, and HousingWire.
2. Follow relevant blogs: In addition to publications, there are also many blogs that provide excellent coverage of the real estate industry. A few good ones to follow are Curbed, RealtorMag, and Trulia Talk.
3. Attend industry events: Industry events are a great way to network with other professionals and learn about new developments in the field. Make sure to check out upcoming events in your area so you can stay ahead of the curve.
4. Get involved with your local association: Local associations are a wealth of information and can be a great resource for staying up to date on changes in the industry. If you’re not already involved, we encourage you to get involved with your local association today!
Getting your real estate license is an exciting step in any realtor’s career. With the knowledge, skills and resources you have gained during your training, you are now ready to take on the world of real estate. Start by networking with other professionals in the industry, researching local markets and developing a business plan that meets your individual needs. From there, continue to stay informed so that you can remain competitive in this ever-changing industry. Most importantly, don’t forget to keep learning and growing as a realtor every day!