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.