When it comes to online real estate investing, it seems like it’s almost next to impossible not to get any education. If you’re thinking of becoming a realtor, you’ll have to take pre-licensing courses from a licensed realty school and pass your state’s real estate exam before you are able to begin representing buyers and sellers on the internet. And what does a pre-licensing course consist of?
There are literally hundreds of different online real estate business models, but there are three business models that have consistently proven themselves time again. These models are simply not replicated by any other business model. They are the only online real estate business models that provide you with comprehensive training, marketing advice and resources to help you build your realtor business from the ground up. These three business models are:
The first lesson is the legal issues lesson. You have to master the laws, contracts, realty jargon and local courtroom protocol. One of the most important lessons is that when you get a request for an estimate, a contract or an inspection, it’s absolutely essential that you get a copy of all of the legal issues involved in the deal. These legal issues can range from everything from the purchase agreement to the closing document. A good realtor keeps up on these issues and always has a prepared legal backup.
The second lesson is marketing. You have to use the power of the internet to your advantage as a realtor. You can leverage the power of the search engines, posting blogs and articles, creating webinars and hosting your own websites. These are simple marketing strategies, but are very effective at increasing your exposure and bringing in new clients to your business models.
The third lesson is the continuing education requirement for brokerages. Every state requires a minimum continuing education requirement as a condition of licensing. In order to meet this requirement, you have to complete either a certificate or associate degree program from a local community college. You may also be required to complete certain continuing education programs in order to renew your license after completion.
The fourth lesson is the client. As a real estate agent you are a representative of the whole family. Your clients are people who have entrusted their lives to you. You have to make sure that they are comfortable and happy. The best way to do this is by being a good listener and understanding individual. This will allow you to build a good relationship with them and keep them coming back to you.