Category: Real estate agents

Beginner Estate Agents should mark these 5 Things for a Bright Career

People who enter the field of real estate often find it a bit hard at the start. Beginners can face several problems when they step into a new field. So, those who are aiming for a bright career should make themselves acquainted with the property matters and the relevant laws. There are agents who earn thousands of pounds every month while some really strive hard to get clients. So, it depends on how you tackle different things while being a part of the field. Here are just a few valuable tips for beginner estate agents in Covent Garden who want to stay ahead of the game.

  • Give an Appropriate Appraisal

The market appraisal shouldn’t be based on the fictitious details; rather proper formulas should be applied when making an appraisal. The appraisal should also contain the references to similar properties that the client is looking at in the same town.

  • Don’t take on too much

Some estate agents try to earn a large amount by getting involved in multiple types of services. Taking on too many jobs at once won’t help you win the trust of your clients and can negatively impact your performance. Beginners should keep themselves limited to one service in the initial stage, and once they become an expert, they can surely gain experience in other relevant services as well.

  • Be Up to Date with Technology

The agents should be skilled enough to use basic technologies like MS word, MS excel, photo editing tools, CMS (Client Management System) and power point. These are basic software, and agents should know how to use such things in their field. You’ll have to do the property analysis on excel by applying formulas, and MS word will be used for preparing contracts.

  • Apply for the License

Agents should apply for a license because a non-licensed professional cannot make an impressive reputation in the market. The department doesn’t impose heavy restrictions for the issuance of license; however, there are certain rules that should be followed. It can prove beneficial if you are hired by a large firm as you’ll get a chance to grow and become a licensed professional.

  • Learn Different ways of earning Commission

There are multiple ways through which you can earn more commission including tenant referrals, owner representation, landlord representation, and sales-seller representation. Besides this, you can charge for referral work as well. However, keeping a record of all transactions is also mandatory especially if your income lies under a taxable amount.

These are just a few tips to help any new estate agent get the ball rolling, follow these and you’ll be on the right road in no time.

 

How can Realtors assess their performance by taking #TenyearChallege?

A few days ago, #TenyearChallenge took the internet by storm. You may have been going through various profiles where people have uploaded their past pictures comparing them with then and now. It’s a fun activity to compare yourself with the past ten years, seeing how much you have changed and accomplished. Today I am going to help all the realtors compare themselves with the past 10 years of performance by using simple criteria. It’s a great thing to keep on evaluating yourself with past performances with all the highs and lows you have been through in these years. Check out the following things that we have listed and do let us know how you see this.

 

By Achievements

First, let’s discuss your achievements that played an essential role in the career of a real estate agent. Asses your performance with achievements and you always remember those moments that gave you a sense of victory when accomplishing a milestone ten years ago. Is there anything that you are looking forward to achieving further in your career? List out the rest of the pillars that you want to accomplish to improve performance in the market.

By Skills

There is a huge difference in technology compared to ten years ago and skills that vary to numerous factors. You need to first figure out what skills you had in the past and what things you need to further learn in upcoming days to better yourself. Acquaint yourself with the latest trends and skill sets to keep yourself up-to-date.

By Organization

If you are working in the same organization then asses the performance of the company as per their rules and regulations, teamwork, policies, trusted clients and much more how they have upgraded their selves. For those who switched their organization ten years ago and are now working in a new company, they need to evaluate their performance from company to company. How are they dealing with clients and what was the situation with the clients in the previous company you were working ten years ago? How have the upgraded their property management system in ten years? Property Management in Soho has been taken to the next level with revolutionary changes in various organizations compared to 10 years ago.

By Business Circle

It’s essential for estate agents to have a large business circle where they can find clients in their circle. It should have grown by a significant amount than the previous ten years because if you want to excel in this industry then implement specific steps to extend this circle.

By Clients

People weren’t very aware of this industry ten years ago, but some companies have been evaluating their infrastructure and workflow as per the need. Such companies have been loyal to their clients, and this is the reason for the long-lasting relationships. If you have been working in a progressive company just like Davis brown, then it is easy to identify the ratio of clients by their behaviors and demands. How you handled the clients ten years ago and what variation you have brought in a professional approach after ten years to grab the attention of clients?

 

Asses further things by taking this ten-year challenge and update yourself as per the need of the current era. You could go far beyond your expectations with strict evaluation.