Are you considering a career in real estate? Well, hold your horses! Before you dive in, there are a few challenges you should know about. And if you think being a real estate agent is all about negotiations and appearances, you're in for a surprise. Here are the top 5 challenges you'll face when starting a career in real estate.

Challenge #1: Money Matters

Did you know that 85% of agents run out of money in their first year? Yikes! That's because they didn't properly evaluate their finances before jumping into real estate. Make sure you have enough savings to cover your living expenses while your business gets off the ground. And don't forget to set aside some cash for marketing, MLS strategies, and ongoing education.

Challenge #2: Building a Business

When you become a real estate agent, you're essentially starting your own business. This means you have the potential to earn big bucks and create a schedule that suits your needs. But here's the catch: building a successful business...

As a new Real Estate Salesperson, you will need to work under a “sponsoring broker.” Firstly, the brokerage you choose to align yourself with will be the foundation of your new business. Secondly, providing you with ongoing mentor-ship and the backing of it’s excellent community reputation. Here are 5 key characteristics of how to choose a good sponsoring broker, you should look for:

1. Commission Split

Most importantly, commission split percentages differ from broker to broker. Although this is important, remember not to base your entire decision off commission split. There are many other factors to consider. That being said, commission splits affect earning potential, making it an important factor. Make sure to be aware of what commission you should expect from your real estate sales. Or you can check the white label agent sponsorship, where you own your brand and the business. Also, as a white-label partner, you get to keep 100% of your commission.

2. ...

If you have let your license expire, you are not alone! Firstly, the Manfred School has been a source of education and guidance for many people who have allowed their license to expire over the years. For instance, there are so many different reasons why licenses expire. Most importantly, there are even more reasons to get back in the game, especially now! Regret Letting Your Real Estate License Expire. We understand, life happens!

Why Is This a Great Time to Get Your License Back?

Despite what you think, the headlines in the news continue to point to a healthy and thriving real estate market. In other words, there will always be people looking to buy and sell homes. One way to ensure a steady income and flourishing career is to become an expert in an industry that will never fade away. Certainly, real estate is not just a fad. Perhaps, you might have been thinking about getting your license back? Or regret letting your real estate license expire? There is no better time than the...

“Do I have what it takes to become a successful real estate agent?” That is an excellent question to explore before you invest time and money into your new career. Most importantly, here are successful traits of a real estate agent, do you have what it takes?

You Need to be a People-Person

For instance, real estate is not about selling or buying houses, it’s all about building relationships. People do business with people they know, like and trust. Above all, nobody cares what you know until they know that you care. This is the first successful trait of an agent that cannot be understood.

Business is Patience

To clarify, you must be able to be patient when working with clients and other agents. Some of your clients will take a long time to make a decision. Most importantly, you will need to help them through the process from the beginning to the end, moreover, regardless of how long it takes.

Key Traits is Maintaining a Positive Attitude

There will be slow months,...

Every two years, real estate salespeople and brokers are required to complete 22.5 hours of approved continuing education including at least 3 hours covering the topics of fair housing and/or discrimination and one hour of Law of Agency (two hours if it is the licensee’s first licensing cycle).  Beginning July 1, 2021 the Department of State will require that your 22.5 hours of continuing education will also include 2.5 hours of ethical business practices and at least 1 hour of recent legal matters governing the practice of real estate brokers and salespersons in New York. Staying compliant with continuing education for Brokers and Salesperson is the trick.

Also notable is that the Department of State will no longer recognize the 15-year real estate broker continuing education exemption.  Beginning July 1st, 2021 all brokers who are currently exempt will be required to complete continuing education. If the expiration date printed on your license is on or after July...

In a competitive real estate market, it's essential for professionals to differentiate their brand, stand out from the crowd and how to differentiate your real estate brand. One effective way to achieve this is by offering unique closing gifts that leave a lasting impression on clients. In this article, we will provide practical tips and advice on how real estate professionals can set themselves apart from competitors through brand differentiation, with a specific focus on the importance of unique closing gifts. Especially related to real estate client closing gifts, we will explore how these gifts can become powerful tools for building a strong and distinctive real estate brand.

Understanding Brand Differentiation in Real Estate:

Brand differentiation refers to the process of distinguishing your real estate brand from others in the market. It involves developing a unique identity, value proposition, and customer experience that sets you apart and resonates with your target...

Artificial Intelligence (AI) has become a game-changer across various industries, and real estate is no exception. From streamlining operations to enhancing customer experiences, AI tools are revolutionizing the way real estate professionals conduct their businesses. Let's explore a comprehensive list of AI tools that can transform the real estate industry forever, empowering professionals with cutting-edge technology.

Property Listings with AI-Powered Copywriting:

In the fast-paced world of real estate, captivating property listings can make all the difference. Introducing a game-changing innovation: AI-Powered Copywriting for Property Listings. Imagine transforming mundane descriptions into compelling narratives that enthrall potential buyers, instantly sparking their interest in a property.

Stay ahead of the competition and harness the potential of AI to create property listings that stand out in a crowded market. Discover how this transformative tool is reshaping the future of...

How Much Does the Average Real Estate Salesperson Make in New York State?

According to careerexplorer.com, the average salary for a real estate agent in New York State is around $116,460 per year.  Obtaining your real estate license is quite quick and easy.  However, having a real estate license does not guarantee a high income.  Most importantly, as a salesperson, you are starting your Own business. Whether you make above or below the average salary will be entirely up to you.

Earning Potential is Directly Proportional to Dedication

Are you tired of the 9-5 grind and want the freedom to make your own schedule? Starting your own business, specifically in real estate, could be the answer you're looking for. Unlike traditional office jobs, real estate allows you to work on-the-go and with the flexibility to fit your own lifestyle.

But be warned, real estate isn't a guarantee for a set salary or hourly wage. Instead, your earnings are a direct reflection...

Becoming a Real Estate Broker

Some agents in the Real Estate industry take continuing education to meet a state minimum requirements. Then there are those who better equip themselves for change. Many have recognized in their own businesses that because of the lack of educational advancements in the real estate industry, there is significant room for career advancements. So many choose to go above and beyond to advance their own careers by attending every classroom opportunity. So the question remains, what does it take to become a Real Estate Broker? Opportunities to grow are all around you, all it takes is your willingness to take the first step!

Many students inquire on a regular basis on what it takes to become a real estate Broker in New York. Having completed such education is a prerequisite in this process to upgrade your license. When you upgrade your license to become a Broker in New York State, there are a few things you need to know.

Requirements

Must be at least...

Opportunity is Everywhere

Recognize Opportunity All the Time