Starting off in real estate can be really scary. agents have options, there are many brokerages to pick from. Finding the right brokerage can make all the difference in one's success. Here are 4 tips to live by when choosing your real estate company.
1. Have clear Goals and Objectives
It's important to know your goals before getting into real estate. In order to be effective in your search for a brokerage, you need to set clearly defined goals. You must know what you are shooting for in order to decide what environment would get you closer to the end result. Ask yourself this question; What am I looking to accomplish through real estate? After, write it down. Seeing your vision is the first step.
Make a living for my family
Competitiveness
Recognition
Making a difference
Hustle
2. Education
For myself, over a decade ago I wanted a brokerage that offered a great education and had national recognition. Over time, my expectations changed and I realized that in this field, education comes with experience. I had to get out in the field and make it happen.
3. Recognition
When I first started I wanted to work for a well-recognized brokerage. At that time having a big name under my belt meant that I knew a lot and my career would launch. I will say that when I worked for a big company, I experienced a lot. You see the good, the bad, and the ugly. Working for a big name company showed me the Do’s and Don'ts when starting my own brokerage.
4. Family-oriented vs. large scale
In hindsight, I might have grown faster if I was on a team vs going out alone. All paths lead me to being my own Broker at Smith Street. I put my all into making sure my company is family-oriented. I care about my employees and make sure they know I am here to help their personal growth and survival in this field. Regardless of your path, the success of your business is in your hands.
If you are still struggling to choose after considering these 4 tips. Write a pros and cons list to uncover what your expectations are. For example: A Brokerage holds your license and provides you with “Errors and Omissions” insurance. They should offer you training and support. But a brokerage will not run your business for you. That part you have to do yourself. That means joining a local MLS board, buying signs, lockboxes and business cards.