Nothing is difficult if you have the right mindset and determination. Being in the Real estate market is indeed not easy. However, if you are creative and competitive enough you will easily sail your boat in the sea. The real estate market is versatile and dynamic for any real estate agent. It requires a combination of a lot of skills to become a successful real estate agent.
The most important thing you need to understand as a real estate agent is consumer behavior. Every client you will be interacting with will have different choices and preferences and it is your task to understand each of them and give them what they want. Apart from this, you will also be required to be good at communication and you also should have great marketing skills as well. We agree it takes a lot to become a real estate agent but not comes easy right?
With the increasing technology, making the best use of the internet will also, help you become a successful real estate agent. Now the next thing you need to keep in mind is your real estate license, people commonly ask how long it takes to become successful in real estate. The problem with this question is that it’s impossible to quantify. Furthermore, success depends on the individual agent, also because of the market they’re working in.
Additionally, instead of trying to figure out the timetable for success, real estate agents must focus on ensuring that they have indisputable knowledge of the market, incomparable training, and a bedside manner that leaves nothing to be desired.
If you want to become more successful as a real estate agent, you must strive to be among the best that the industry has to offer, and that means consistently brushing up on your business practices – regardless of how long you’ve been working in the field. Here are 10 tips to help you advance your career.
Why become a Real Estate Agent?
The next question which you are wondering about is why should I become a real estate agent? The first and foremost reason can be to show your entrepreneur skills and also, you get to be your own boss. You will get the best experience in your life every time you interact with a new client. To add on, many real estate agents gain great satisfaction in knowing they helped people through major times in their lives. From a new couple buying their first house to families buying a vacation home or a bachelor getting his ultimate bachelor pad, real estate agents get to help people through each stage in their lives and truly be part of a community. Also, it can be very rewarding for real estate professionals who have a passion for giving back.
After you spend time learning how to become a real estate agent and then honing your skills, you’ll find that you genuinely become knowledgeable and good at what you do. Furthermore, clients look to you for advice on the market and you’ll know what to tell them. Real estate agents take great pride in being experts, and subsequently, teachers.
What it takes to become sucessful a Real Estate Agent ?
To begin with, in order to become a successful real estate agent you need to have knowledge of following skills:
Communication
Communication is the most important skill required when it comes to becoming a successful real estate agent. Subsequently, communication is not only limited to what you speak, it is also about your body language, understanding pain points involved, uncovering problems, and being respectful of people’s time and contributions.
Active Listening
The next in the line is active listening. To ensure the right need of the client your biggest part of the job is listen and understand their requirements. Additionally, this not only includes what the client speaks through their mouth but it also includes how he/she is reacting to certain elements and points. This also includes actively listening and understanding the client’s body language.
Social Cues
Social cues can be helpful across different cultural backgrounds. Furthermore, when meeting an international client with a plan to partner on a land deal, a good real estate professional should be aware of social cues that are seen to be disrespectful and those that would be appreciated.
Negotiation
We all have heard about Napoleon Bonaparte. He was one of the greatest emperors of his time. But he conquered his kingdom with a physical fight. Therefore, he lacked negotiation and various other soft skills. He approved the sale of the Louisiana territory─which included land from 15 U.S. states and two Canadian provinces─for $15 million, roughly equivalent to $250 billion in today’s money. Little did he know that the U.S. was prepared to pay up to $10 million for New Orleans alone.
Major real estate negotiations are assisted by good communication based on the reality of the current market and property condition. Further, the negotiator should be able to see the deal from both sides and make wise business decisions.
Patience
Patience is necessary in real estate because most deals take a while to close. And in the realm of commercial property and large housing developments, years may be involved. After all, the process of developing land requires zoning, permits, construction, and much more. Having patience to stay the course results in fewer mistakes and achieving optimum results.
Tactfulness
There are times when a deal doesn’t make sense anymore because of a changing market, new goals, rising costs, among other reasons. Subsequently, the best leaders in real estate cut their losses on a property they own that no longer makes sense financially or let go of a property they have been seeking.
This must be done as harmoniously as possible with all stakeholders involve. Too harsh, emotional, or sudden a withdrawal may burn bridges that interfere with future projects or networking relationships. Being tactful while being fair can help ease the negative impact and maintain peace.
Average Salary of Real Estate Agent
Yes, we understand that earnings and salary is the main reason why we work so hard. The amount you will earn depends upon your experience in this industry. On average, an agent earns just about 10–12 lakhs per year. A better agent with a good team and office will so about 40–50 lakh. Additionally, you can easily earn incentives, commissions, and bonuses on making an outstanding deal.
Furthermore, the parameter of earning ranges from few thousand mostly to easy 7 digits income/monthly. If the broker deals in commercial properties, he earns a lot of commission than residential. But if it’s a company or a broker who deals in high-value residential plots. He gets a lot from those small percentages of commission.
Now that you know how lucrative the opportunities to become a real estate agent. It is very important to have the right resources to help you prepare to become a better agent.
In general, commissions are paid only when you settle a transaction. Ultimately, this means that you could work hard for days, weeks, or even months without taking home any money at all. Like other commission-based jobs, it can be feast or famine.
Of course, when you do close a sale, you generally don’t keep the entire commission. That’s because commissions are usually shared with the other agents and brokers. In a typical real estate transaction, for example, the commission might be split four ways:
- Firstly, Listing agent: The agent who took the listing from a seller
- Secondly, Listing broker: The broker listing agent works for
- Thirdly, Buyer’s Agent: The agent who represents the buyer
- Buyer’s agent’s broker: The broker the buyer’s agent works for
Some of the basic steps to help you learn better are –
- Enhance Your Knowledge Of The Market
- Team Up With Other Real Estate Agents, for this you can join online community and forums.
- Use Technology To Streamline Your Business Practices
- Maximize Your Ability To Generate New Business At Open Houses
Career Opportunities in Real Estate
The real estate industry has grown to provide one of the most diverse career options in the business world today. Property management, land construction, mortgage lending, community planning, real estate counselling, valuation, and research are all facets of this profession.
Real estate is a fulfilling career that allows you to have flexibility, independence, and the ability to create a stable future for yourself while still contributing to the future of your city. Working as an agent or broker can be both demanding and lucrative. However, anyone interested in working in the industry should bear in mind that there are many unique opportunities available.
Vskills Certified Real Estate Consultant
Vskills Real Estate Consultant Certification course is good for those who have an interest in real estate. Candidates having knowledge in brokerages and leasing services, office buildings, industrial properties, as well as in property management, and counselling will be a plus point.
Vskills Real estate certification will also help candidates to increase their skills, knowledge and marketability as real estate professionals. Further, ongoing with the certification, candidates will develop a clear understanding of the real estate sector and practical aspects of real estate markets, sale purchase, construction terminology
Benefits of the Certification
- First of all, you will be getting a Government Certification
- The Certification is valid for life
- Candidates will get lifelong e-learning access.
- The best part is that you will get access to free Practice Tests.
- Last but not least, candidates will get tagged as ‘Vskills Certified’ On Monsterindia.com and ‘Vskills Certified’ On Shine Shine.com.
Concepts covered
- Introduction about the real estate market
- Skills of a successful real estate consultant
- Sales and selling
- Real Estate Financing
- Real Estate Pricing
- Sale of Real Estate
- Mortgage
- Lease
- Gifting of Real Estate
- Exchange of Real Estate
- Other Regulations
- Basic IT Skills: Technology and a real estate office
- Personnel Management
Start preparing to become an Certified Real Estate Consultant
To help you in your preparation, we have prepared a guide to which you can refer. Furthermore, following this preparation guide will help you learn and understand every exam’s objectives. Here we are providing you with the best learning resources to qualify for the exam. Moreover, here we are going to illustrate a detailed description to help you prepare for the exam. Let’s start with expert learning resources and a study guide.
Books for Reference
Reference Books can provide an advantage to learn and understand things more accurately. For the Certified Real Estate Consultant exam, there are various books available which you can find online or in libraries. Some of the books are as follows:
- Mastering the Art of Selling Real Estate by Tom Hopkins
- Real Estate Finance and Investment Manual Book by Jack Cummings
Join a Study Group
It is very important to interact with people who have a common aim in life. Joining study groups is a good way to get yourself fully involved with the certification exam you applied for. Furthermore, these groups will help you get up to date with the latest changes or any updates happening exam. Also, these groups contain both beginners as well as professionals. Furthermore, these groups will help you get up to date with the latest changes or any update happening exam. Also, these groups contain both beginners as well as professionals. Moreover, This is a nice way for the students to discuss their issues.
E-Learning and Study Materials
Learning for the exam can be fun if you have the right set of resources matching your way of studying. Vskills offers you its E-Learning Study Material to supplement your learning experience and exam preparation. This online learning material is available for a lifetime and is updated regularly. You can also get the hardcopy for this material, so, you can prefer either way in which you are comfortable. Furthermore, you can refer, Vskills Certified Real Estate Consultant online tutorials as well. Start your preparations with free practice test papers!
Boost your chances and get ready to become a Vskills Certified Real Estate Consultant with a study guide and practice test. Start preparing Now!
