Educate yourself on residential real estate information, including residential real estate statistics, before starting your real estate business. Learn the entire process of listing a home for sale -- from choosing a residential real estate appraiser to writing up a residential real estate contract -- so you're prepared to answer questions about the process.

Develop a working relationship with residential real estate developers in your area. That way, you'll know what developments are being planned and in what price points. Help guide your clients through the confusion of residential real estate prices so they can find and afford the home of their dreams.

1. Interview a number of residential real estate appraisers.

2. Search for residential real estate agencies with a reputation for customer service and success.

3. Network with residential real estate developers to stay in the know.

Action Steps
The best contacts and resources to help you get it done

Find qualified residential real estate appraisers

Consider teaming up with more than one residential real estate appraisal company. Not only does it provide faster service to your customers, but it also gives your customers a choice which may help them trust the information they receive. Work only with licensed and qualified appraisers with good reputations in order to preserve your own integrity.

I recommend: National Association of Master Appraisers is focused on helping residential real estate appraisers become masters of the trade to better assist their customers. All Area Appraisal Affiliates Network is a national organization that assists in finding state licensed and certified residential real estate appraisers in your area.

Interview multiple residential real estate agencies

Find out how various agencies handle customers and if they specialize in certain home styles or price points. Finding a niche market that you can fill will add to your bottom line and decrease the competition you face from others.

I recommend: Keller Williams Realty uses cutting-edge technology and continuing education to stay ahead of the competition. Coldwell Banker Real Estate is a national real estate company that offers concierce service to clients.

Know your local residential real estate developers

Create a professional partnership with local home developers. As the premiere source of new home construction, developers are on the forefront of what customers want and can help you be the first to meet those needs. Work hand-in-hand with residential developers to help you both see more success in your professional lives.

I recommend: The Irvine Company is a company of residential real estate developers that specialize in the California area. East West Partners Corp. specializes in home real estate development across the nation.

Tips & Tactics

Helpful advice for making the most of this Guide

• •  Locate residential real estate listings for a variety of areas to see what's on the market and at what price points. Compare various real estate house styles and markets to stay abreast of the competition.