Becoming a real estate agent can be rewarding for a driven, independent person. However, it’s also a demanding career for newbies: Some experts estimate that more than half of all new agents fail within their first five years in the industry. So if you’re thinking about taking the plunge, here are seven tips to help you succeed.

1. Take the time to find your niche.

Many new real estate agents make the mistake of trying to do it all—but it’s important to focus on your strengths as an individual and choose a specialty. “You need to decide whether you are going to concentrate on residential, commercial or industrial properties,” says Powers. Once you do, focus your marketing efforts and network with people who share your interests to learn about the industry. Shadowing an experienced agent for a day can be helpful, and reading books like Gino Wickman’s Traction: Get a Grip on Your Business can provide valuable advice, too.

2. Study for your licensing exam.

In most states, you must complete 75 hours of qualifying coursework and pass a state-administered real estate exam to become licensed. You may find courses offered online or at a local real estate school, and many schools offer sample exams and other helpful resources to help you prepare for the licensing exam. For more https://www.sellmyphillyhouse.com/

3. Research and choose the right brokerage firm.

The choice of broker is a big decision that could impact your career. Look for one that provides mentorship and training programs and offers cutting-edge agent services, such as market insights and lead generation. The brokerage you choose should align with your long-term career goals and the type of real estate you want to focus on, such as luxury or residential.

4. Develop strong negotiating skills.

Real estate is a competitive industry, and it’s vital to have strong negotiating skills to stand out from other agents. From helping sellers set a realistic sale price to assisting buyers with their offers, you’ll likely be negotiating deals on a regular basis. Be sure to attend as many seminars and workshops as possible to sharpen your skills and build a network of fellow real estate professionals.

5. Keep in touch with your clients.

It’s crucial to maintain a relationship with your past and current clients, especially as the housing market can be volatile. Keeping in touch can help you build loyalty and referrals. Real estate agents can use social media, email or newsletters to reach out to former and current clients. They can also host open houses to showcase properties, which is a great way to connect with potential buyers. You can even send property value updates to previous clients as a way to stay top of mind. These are all ways to show you are invested in your client’s success. And this is what builds trust and leads to successful transactions.