Starting a real estate agent requires a great deal of effort, dedication, and most importantly passion.
If you're interested in how to sell real estate agent, or selling real estate agent online, you can use this page as a guide for everything you'll need to know.
Want to learn more? You can check out our full guide on how to start a real estate agent ➜
|Min Startup Costs||Max Startup Costs|
|Office Space Expenses||$35||$3,250|
|Employee & Freelancer Expenses||$0||$5,500|
|Equipment & Supply Expenses||$550||$6,000|
|Business Formation Fees||$5,600||$20,400|
|Advertising & Marketing Costs||$0||$2,550|
|Training & Education Expenses||$0||$1,000|
|Total Startup Costs||$6,567||$50,544|
|Find Your Dream Home||rockethomes.com||#60,263|
|Christie's Real Estate||christiesrealestate.com||#64,435|
|Miami Condo Investments||miamicondoinvestments.com||#65,661|
|Ray White, Australasia's largest real estate group||raywhite.com||#70,957|
|The Oppenheim Group||ogroup.com||#81,019|
|Flexibility||You can put as much time into the business as you'd like. If you like the work and have some initial experience, you can start small and manage all aspects of the business on your own.|
|Rewarding work||Starting a real estate agent can be really rewarding work. After all, you are solving an immediate issue for your customer and you're working on something you truly care about.|
|Meaningful business connections||You never know who you will meet or get to work with for your real estate agent. This could be the start of an incredible business opportunity!|
|High customer retention rates||Once a customer invests in your product, they've invested their time and energy to utilize your product/service which is highly valuable to them. Typically, your real estate agent becomes an integral piece of their every day lives.|
|Pick & choose the clients you work with||Real Estate Agentes have the ability to choose the clients they work with. You have the freedom to work with only a few loyal clients or with hundreds of clients!|
|Control of workload||With a real estate agent, you get the unique ability to choose how little or how much you want to work. You also have the freedom to decide which projects you want to work on, and can turn down the ones that do not interest you.|
|Motivation of employees||If you plan to have a sales/content team on board, finding creative ways to motivate them can be a challenge. It's important that you're able to offer great incentives and a good work environment for your employees.|
|Longer Sales Process||A real estate agent can be a big time and money investment for your customer, so it's important you plan and predict a longer conversion funnel and stay in communication with potential customers.|
|Low margins||The gross margins for your real estate agent are typically around 5%, which can make it more challenging to incur new expenses and maintain profitability.|
|High employee turnover||In the real estate agent, employee turnover is often high, which can be quite costly and time consuming for your business. It's important to try and avoid this as much as possible by offering competitive pay, benefits, and a positive work environment.|
|Taxes||As a real estate agent, you typically pay self-employment taxes which can be quite high. It's important to understand what you will be paying in taxes each year so you can determine if the work you're taking on is worth it.|
|Stressful work||This line of work can be stressful for both you and your clients. This type of transaction is a significant financial decision for your client, so expectations are very high for you. Although this career path can be very rewarding, it also comes with its challenges and stressful moments.|
An affiliate program is a way to reward people outside your organization to share your product.
You may find yourself in a spot where you're ready to hire a few (or many) salespeople to support the sales conversion process. Regardless if you have one or thirty salespeople, it's critical that you assign them specific roles and responsibilities to nurture the client and provide excellent support.
The most tried and true way to grow a real estate agent is through word of mouth - some entrepreneurs would say it's more important than all social media.