Just passed your state real estate license exam? Currently, taking pre-licensure courses? Considering getting licensed? In any case, this article will give you a good overview of what to expect in your first year in the business. Luckily, there are tons of resources to help you get started and to support you along the way.
Decisions to Make During Your First Year in Real Estate
When you launch your career, you need to decide if you want to focus on residential or commercial real estate.
Residential agents help home shoppers and homeowners complete a successful real estate transaction. These agents develop strong relationships with clients as they get to know their families and help them navigate a major life change.
Commercial agents focus on selling or leasing business buildings, like retail and office spaces.
Clients and processes are very different in residential and commercial real estate. That's why it's important to decide which you want to pursue early on.
Next, you need to decide if you want to join a big brokerage or a smaller independent brokerage. Each has pros and cons, and it's good to research your options before you make the call. It's also smart to think about whether you'd like to be an independent agent or if you'd like to join an agent team. Making these three key decisions will set you off on a well-defined path as you start learning the business.
Resources You'll Need as a First-Year Agent
No matter which path you choose, you have to build your business from the ground up. While that may sound intimidating, there are many tools you can use to make rapid progress.
Take Advantage of Brokerage Tools
Most brokerages offer ongoing training, access to marketing tools, and internal support resources. Some also have mentorship programs, where they partner newer agents with seasoned agents to help them learn the ropes. They may also offer or regular training opportunities that give you the chance to learn a new skill.
Explore Podcasts and Books
If you like podcasts, check out real estate coach Tom Ferry. His podcast covers every topic you can imagine, and he's very engaging and interesting to listen to.
If you're a bookworm, check out this top 25 reading list. Many of these titles can help you define your career goals and start off on an aspirational path toward long-term success.
Check Out Continuing Education Classes
While you won't need continuing education during your first year, it's never too early to start preparing for your license renewal. Sign up for continuing education classes to learn how to maximize your marketing, build a referral engine, and more. This Proven Path course is a great example. A successful agent team shares their model for success and outlines how you can put in place it yourself.
Attend Industry Events
There are tons of industry events you can attend to keep a pulse on what's new and changing in the industry. Check out industry thought leaders like Inman and the National Association of REALTORS® and watch for opportunities to connect and learn.
Most Importantly, Be Patient and Positive
As you learn the ins and outs of real estate, you'll undoubtedly encounter some stumbling blocks, but experience is the best teacher. Use the resources available to you, build your network, and trust the process as you lay the foundation for a successful career as a real estate agent. And remember, Aceable Real Estate School is here to help you with all of your pre-licensing requirements.