Training to become a real estate agent can be a difficult process; however, the excitement of helping people find the perfect home is rewarding. Becoming an agent typically requires a specified number of hours in pre-licensing courses followed by the successful completion of the licensing exam. While many people stress over the training and licensing requirements, the most stressful part of being a successful agent comes after passing the test. Some real estate experts estimate that up to 87% of new agents fail in the industry within their first five years. To prevent yourself from joining the majority of new agents in failure, here are two tips for succeeding in the real estate industry.
1. Establish an Effective Marketing Campaign
As a new real estate agent, one of the most time-consuming parts of your job is marketing. You work with many people as an agent, from buyers and sellers to loan officers and title companies. Finding potential sellers can be one of the hardest parts of growing your business. Fortunately, there are marketing campaigns available to help you. A real estate mailer is a great way to take the guesswork out of finding high-value leads. These marketing campaigns can handle the whole marketing process for you, from generating leads and analyzing data to studying your sales conversions.
2. Find a Mentor
Finding a mentor is another great way to succeed in real estate. As with any job, there is a lot to learn about real estate. Try and find an experienced agent who will allow you to assist them during their next transaction. Ask your mentor for permission to study past sales folders and documents to familiarize yourself with various terms and circumstances. If you’re unable to find a mentor, consider working with a broker that provides training to new agents.
Achieving success in the real estate industry is possible. Use these tips to find potential leads and gain a stronger understanding of real estate.