how to start a real estate business?

Answer 1

The best routes to take are to research the process of starting a business as well as the industry you're interested in.

I recommend checking out the SBA, Entrepreneur, The Start Up Journal & Nolo. All 4 are great informational resources for the new/small business owner. I posted links for you in the source box.

Associations may be a good avenue to explore. These organizations will address many of the thoughts, questions and concerns you'll inevitably have as well as many you haven't anticipated yet. See the source box for some relevant links.

Research, research, research – this cannot be stressed enough. Read as much as you can about the industry. Here are some book titles that are relevant:

* Your First Year in Real Estate: Making the Transition from Total Novice to Successful Professional by Dirk Zeller
* 21 Things I Wish My Broker Had Told Me: Practical Advice for New Real Estate Professionals by Frank Cook
* Complete Idiot's Guide to Success as a Real Estate Agent by Marilyn Sullivan
* Real Estate License Exams For Dummies by John A. PhD, DREI Yoegel

There are plenty of free informational resources out there. Check the source box for links to articles.

Hope that helps! I wish you much success & happiness in all your ventures!

Answer 2

Before starting a real estate business it is important to survey the area in which you will operate your business, identify a good location with in the area where people can reach you.

visit the sites posted by stoneman to find more about the real estate industry and trends in India.

Answer 3

In my opinion you can start business with real estate consultant. If you get any profit with your investment then increase your business sales.

Answer 4

Tushar, you seem to hail from India.

The best practical way is make a survey of your own area.Find out the going rates, availability, demand, registration values(as in
our dual economy 70% is cheque,30% cash).
Meet other realtors, bulders, architects, specially Brokers.Get
the hang of the calculations, haggling & bargaining process.
Regularly visit informative sites to be abreast of developments:

www.indiarealtors.com
www.indiahousing.com
www.99acres.com

I too have come to this profession lately, and am doing just fine.
Wish you all the best.

PS: Pl sincerely follow advice of TM Express's answer.

Answer 5

Best to invest in a good website. NAR's 2005 Profile of Home Buyers and Sellers showed 77% of buyers used the Internet in their search! This is a HUGE number!

Everyone wants to be on page ONE of search results! If you think it will be EZ, I have a good deal on a bridge for you!
Best to....

I personally used a firm (link below) that did a 250,000 site submissions for my site. It worked great. But, results now take a few months.

Also, Get HIGH placement for your KEYWORDS!

Even when indexed by the search engines, it's not going to help you if your keyword shows up on page 987. Sure, everyone would like their keywords to show up on page one, two or three of the returned results. But, I want to win the lottery! So? What are you going to do? One thing for sure....it will NOT be EZ!

You need GOOD/Informative content! Without this you will be wasting your time on other methods.

Below is some info that can assist you......

When someone types a specific phrase into a major search engine usually the results will show 10 site per page. These 'organic' sites are boxed in, usually on all sides by pay-per-click site ads.

So, in SEO theory you have to have your site placed on page one, two or three of the returned organic results to really benefit from the power of the Internet!

As an example. If someone in NY wanted a San Diego real estate broker, they would, perhaps type "San Diego real estate brokers' into GOOGLE. If you do this today (standings change all the time), after the pay-per-click and the 'local results' you'll see the first site is: www.brokerforyou.com You will also see (upper right)
"Results 1 - 10 of about 5,080,000 for San Diego real estate brokers."

So, you will see that this one broker's site (not a major real estate firm) has out ranked over FIVE MILLION other sites for this VERY POPULAR real estate search phrase!!!
Quite impressive!

After looking into the site, I also noted lots, of timely useful info in an EZ to follow site. This is VERY important! As without good ORIGINAL content you'll NEVER have a top ranking site!

But, I also found on one of the internal pages, the name of the company that does the SEO for this site. They are:
http://www.websitetrafficbuild...

I also visited their site, and found it too had a high Google pagerank. Plus, they had great articles on SEO and software for learning to do your own SEO.

The bad news is that any true SEO work to get on page one of Google is VERY time intensive. www.websitetrafficbuilders.com has a guaranteed results program...but, as it starts at $3,950.00, it's really not for the little person.

I have downloaded their free trial SEO software, just a few days ago, so have not used it yet! But, I'm really learing alot for the free software. If they put this into an ebook, I'm sure they could sell quite a few copies!

*Also, on first link below is a website that offers about ten website and blog awards. They are FREE & even provide a link back to your site! Plus, they show the visitors that your site is a noch above the rest. Keep in mind, to get the award you have to have good info on your site and not just junk w/jumping graphics and tons of AdWords!

So, bottom line, GET THEIR FREE TRIAL SOFTWARE and even if you do NOT do anything else...you'll learn a great deal about SEO from people who make their livelihood DOING IT!

http://www.web-site-award-winning.com
http://www.websitetrafficbuilders.com
http://www.brokerforyou.com
http://www.websitetrafficbuilders.com/website-submission-plans.htm
http://search-engine-optimization-7.blogspot.com
http://www.websitetrafficbuilders.com/search_engines_website.htm
http://www.websitetrafficbuilders.com/search-engine-optimization-blogs.htm
http://inkjet-cartridges-savings.blogspot.com
http://www.san-diego-for-sale-by-owner.com
http://www.brokerforyou.com/san-diego-real-estate-sales.html
http://www.la-jolla-ca-del-mar-san-diego-real-estate-encinitas-california.us
http://www.la-jolla-real-estate.info
http://san-diego-coastal-real-estate.blogspot.com
http://sandiegofsbo.blogspot.com
http://downtown-san-diego-real-estate-views.blogspot.com
http://www.poway-real-estate.info
http://www.del-mar-real-estate.info
http://www.la-jolla-real-estate.info
http://www.los-angeles-real-estate-brokers.com
http://www.san-jose-real-estate-brokers.com
http://www.orange-county-real-estate-brokers.com
http://www.san-francisco-real-estate-brokers.com
http://www.sacramento-real-estate-broker.com

Answer 6

Take a certified real estate course and work your *** off.

Answer 7

YES FOR ONLY $1,500.00 YOU TOO CAN SELL REAL ESTATE! This is the great lie all realtors are told! Yes, for $1,500.00 you can take classes (at least that’s the cost in Birmingham, Alabama) to learn everything you need to get your license, but not much on what it really takes to sell homes.

Most experienced agent do not want to bother with newer agents. When I first started, over a year ago, I was with a different company (Birmingham’s largest real estate company at the time) and I remember asking some of the older agents for help. While a few would help, for the most part, I was told, you just got your license, you should know what you’re doing. Now I’m with Keller Williams Realty, North America’s fastest growing realty company, and since it is the only realty company with profit sharing, every agent in the office has a financial gain in how well that office does, so everyone is more then willing to help out, but more on Keller Williams later.

First we will talk about what it takes to be a realtor, then we will talk cost – for if you do not have what it takes, you will be throwing money away, no matter what the cost is. If you have what it takes, it is well worth the cost!!!

You should be out-going, not afraid to talk with strangers you meet in the mall, stores, etc. You can’t get all bummed out with rejections, trust me, you will get allot of rejections in this line of business. You also need to be a good teacher as well as a good listener. And most of all, if you can remain calm when the world around you is going to pieces, you will make a good realtor.

If you read some of the questions and answers from Yahoo, you will see EVERYTHING is the realtor’s fault, and allot of times, this is true, not because realtors are bad people or trying to pull something (although some do). It is because the realtor did not take the time to explain to the Buyer/Seller how it all works, then if something goes wrong the client has no clue and feel they have been cheated.

Also, before I forget, EVERY realtor, works for a Broker, that is just how it works, but you will learn that in realty school. In Alabama you can not be a Broker until you been an agent for at least two years

COST

My first year I invested a total of $5,000.00 (Spread out over the year) over and above the cost of my classes and I only pulled in $3,000.00. For a total net income of minus $2,000.00 plus or minus a few hundred. This year, so far, I spent $2000.00 and made, to date $30,000.00. Next year I plan on doing even better!

As you can see, it cost money, but the rewards, well, they speak for them self!

Most real estate companies have what is called OT time (Opportunity Time). The way this works is, you are the agent of the day. You sit in the office and answer the phone. You mostly end up setting up showings for other agents listings, but if a call comes in with someone looking to sell or buy a home, you get that lead, remember, it is only a lead, it is up to you to turn in into a sale or listing. This is only an OK way to get clients. The BEST way is through marketing yourself. That is mainly where the bulk of my budget goes, to marketing myself.

If you remember earlier, I said each Keller Williams agent has a stake in how well the office does, I think, most Keller Williams agents are helping other people not just because of the profit sharing, but because this is just the type of people Keller Williams attracts! Keller Williams culture and belief is

WI4C2TS
W – Win-Win – or no deal ( make it a winning deal for everyone)
I – Integrity – Do the right thing
C – Commitment – In all things
C – Communication – Seek first to understand
C – Creativity – Ideas before results
C – Customers – Always come first (This one I truly believe in)
T – Team Work – Together Everyone Achieves More (another one I truly believe in)
T – Trust Starts with Honesty
S – Success – Results through people

Keller Williams has some GREAT in house training on how to get listings and market yourself, just to name two of its many classes. Best of all, if offers passive income through profit sharing!

Real estate is not for everyone, but it is a good business to be in, and yes, it is not a job, nor truly a career, it is a business you need to work and grow. True, you work for a broker, but you work as an independent. Most Brokers could care less if your selling or not, you pay a fee just to be in the office on top of your commission splits, so the brokers are not loosing any money on you. The most common split is 60/40 – you keep 60 and the broker gets 40. Some companies will let you keep 95 to 100%, but the monthly fee is like $1000.00. Each office is different. Keller Williams offers 70/30 splits for new agents, (Monthly fee, called a desk fee is $30.00- once again each office is different) then after you paid a set dollar amount for the year ($19,500.00 for my office) then you get to keep 100% for the rest of your anniversary year. You can, however start off at a 90/10 split, BUT then you must guarantee to pay that set amount. So for me, If I took the 90/10 split and only earned enough to have paid $17,500.00 in commissions to my office, at the end of my anniversary year, I would have to write a check to Keller Williams for $2,000.00. It is for this reason a 90/10 split is not recommended for newer agents, in fact, some Keller Williams brokers will not let new agents get the 90/10 split for that very reason.


Interview with Keller Williams Realty
The only real estate company that offers profit sharing
GREAT company to work for, GREAT training on how to market yourself, in any market.

If you would like more info on a career with Keller Williams Realty, go to my web page http://www.pauld-kw.com and on the top you will see "Sell a Property" Click on that, then click on "A career with Keller Williams" I think you will be very impressed. You can also e-mail or call me and I will be more then happy to talk to you about Keller Williams or send you some more information. [e-mail]

BEST of luck with your new career!