Updated over 4 years ago on . Most recent reply
New Real Estate Agent
I’m doing a bunch of elearning from my agency... what do I do after? How does one real estate?
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- Real Estate Broker
- Cody, WY
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The simplest way to explain it: know your market and know people.
Study the market. How many homes are listed? How many went under contract? How many closed? What's the average days on market? What's your attrition rate? What's the average sales price? Who's buying or selling? You need to figure out what a GOOD agent would know and then find that information and study it every day.
Once you have a decent grip on the market, then you go out and meet people. Let everyone you meet know that you sell real estate. When they ask, "How is the market?" you will be able to answer them intelligently with real facts and figures instead of "it's a strong market" like 90% of all agents do. Get involved in volunteer groups, join a board, attend sporting events, go to business open-houses, etc. There's no magic formula: people tend to buy/sell with the agent that happens to be on their mind at the moment they decide to buy/sell. Your job is to get in front of them and stay in front of them so they'll choose you when the time comes. It helps if you actually know what you're talking about, as mentioned in the first paragraph.
- Nathan Gesner
