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Tips for Starting a Real Estate Business

Considering starting your own real estate agency? If you're fascinated with houses, enjoy meeting people, and know your local area well, you're well-positioned to get started. You have a choice to make up front, however, regarding your business' structure.

Starting a Real Estate Business

How many times have you asked yourself, "What's the key to starting my real estate business?" Starting a real estate business can be a very exciting endeavor, but one that requires careful study, research and a commitment to helping you clients. Many people consider the entrepreneurial route, but it is a risky road to take, especially if you don't set yourself up for success.

Starting a Real Estate Business Supplies and Equipment

As you finish getting your realtor’s license, you know what the technicalities are to starting a real estate business, you just don’t know what supplies and equipment would be best to get your office up and running. As you think about your starting a real estate business supplies and equipment, decide what you need.

11 Tips for Starting Your Own Business | Realtor Magazine

It's never too early to start planning. Once you set your goal to open a real estate company, begin talking to other business owners — not just in real estate — to ...

Field Guide to Opening a Real Estate Brokerage | realtor.org

Thinking about opening your own real estate business? Find out ... Administration — This website should be the first stop for anyone wanting to start a business.

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How to Start My Own Real Estate Business | Chron.com

Anyone who enjoys selling real estate may also enjoy owning a brokerage. With multiple agents splitting their commissions with you, owning your own ...

A Starting Plan for Your Real Estate Agent Business

So, you've got your license...now what? To be successful in any business endeavor, you need a plan. Here you'll find the basic steps to get you started as a real ...

How to Open a Real Estate Brokerage: 11 Steps (with Pictures)

You might be interested in learning how to open a real estate brokerage if you have an affinity ... .com/starting-a-business/real-estate-as-a-small-business.html ...

Starting Your Real Estate Investing Business - BiggerPockets

Jul 30, 2013 ... Before you start your real estate investing business, you have to ask the right questions. So what are the right questions for success?

Start-Up Real Estate Business Plan Sample - Executive Summary ...

Executive Summary. Introduction Golden Valley Real Estate, LLC (GVRE) is a start-up company in the Tucson area. It is the mission of GVRE to provide real ...

Real Estate | Business Idea Center | Entrepreneur.com

Real Estate business ideas that you can start today from Entrepreneur.com.

The Fundamentals Of Running A Real Estate Brokerage - Forbes

Jul 11, 2007 ... Real estate brokering isn't exactly what you'd call a homerun business–except if your name is Stephen Shapiro. He's the guy nabbing the ... How much will you shell out in start-up and ongoing expenses? And what piece of ...

Starting a Real Estate Business Key Terms


Anyone who is starting a real estate business should be aware of the many terms that people in the field use. For example, it's important to know what type of real estate business you want to start. Do you want to be a real estate agent, broker or appraiser? Are you willing to work with owners of distressed homes? Will you know how to perform loan modifications when the time comes? Knowing these terms will help ensure your success in the field.

MLS listings

The MLS service, or Multiple Listing Service, is the way that real estate agents are able to share information about available homes. Both agents and consumers can search the MLS listings to find a home that suits their needs.

Real estate franchise

Some real estate companies offer franchise opportunities to interested and qualified people. Someone who purchases a real estate franchise can gain instant credibility through the use of the company's brand.

Agent, broker or appraiser

There are different types of careers within real estate, and a potential business owner should decide which type of real estate business he or she wants to own. A real estate agent is able to sell homes. A broker can also sell homes, but may work with other agents. A real estate appraiser is able to appraise the value of a home. All require licensure.
Bureau of Labor Statistics for detailed information on all three jobs.

Remnant ads

Remnant ads are the advertising spaces that a media company has not been able to sell. If a business waits until the last minute to purchase advertising in a newspaper, for example, it may be able to get the space at a steep discount. Small real estate businesses can use this technique to save money on advertising costs.

Loan modification

A loan modification is a change to the terms of a mortgage. Realtors use this in order to help buyers afford a mortgage.
U.S. Department of Housing and Urban Development offers answers to frequently asked questions about loan modification.

Distressed property

A distressed property is one that needs repairs before the property is in a usable condition. These properties can be harder to sell. Often they are in foreclosure and looking to sell quickly.
Boji Team at RE/MAX Classic offers a good description of the different types of distressed properties.