New Real Estate Agent

[Ryan Morgan]

Good morning BP community! As I wake up this morning the biggest question I have is, what are some steps to take as a beginner in being an a new agent to become successful? I have signed on with a local broker and I know they have training and tools that I will be using soon however I am thinking from practical and personal experiences. Thanks in advance, Ryan

[Raina Wells]

Where do I start. THere is so much to learn in this industry that you will have to plan it out. Start by learning the basics. Read the contracts get familiar with them. Volunteer for open houses to get buyers and shadow an experienced agent for a while if you can. There are so many problems that can come up in a basic transaction to close a deal and if you do not know how to solve those issues you will loose the deal. Once you get the basics down then get creative with it. Most brokers do not encourage New agents to do what's out here on Bigger Pockets yet because you are inexperienced and closing some of these wholesale, non MLS deals can get tricky. You will need a strong supporting cast of people (Title Co, Funding, Contractor to get estimates for repairs etc) to pull off an investment deal. Find out what's legal and illegal in your area before jumping into investment properties, wholesaling etc. You may not be able to assign a contract to another buyer in your state.. Texas you can. You may not be able to do a double close there so find out all this while you are learning and put together a plan. Ask around in your office who is doing these types of transactions and volunteer to assist so you can learn. Find out what Title Co they are using and slowly build your supporting cast.