Tips For Becoming a DFW Real Estate Agent

The easiest part of becoming a DFW real estate agent is getting the license. While many would be stress out over studying and the test for becoming a real estate agent, their focus is not where it needs to be. Pay attention to the items that follow, as you will pass the test if you try, but you're likely to be in the large group who fail to make it in the real estate business if you don't plan ahead.

Get a successful mentor or choose a broker with a good training program:

If you intend to have a successful Dallas real estate career a mentor is paramount to that success. The test isn't what you need for success when becoming a real estate agent. You need it to get your license, but you need a lot more to make your business a success. Get a successful agent or broker for a mentor, or offer to assist them in their transactions. There is a lot to learn about the process, it's not all about "selling. You will need to understand and explain title insurance, surveys, liens, encumbrances, deeds, and much more. You'll feel much more capable if you've at least seen these documents in the course of a few real estate deals.

Have a backup income source:

Either have some money saved up to make it for five to six months or more without a commission, or if possible keep your day job for a while. While becoming a real estate agent part time may not have been your plan, you need to have the ability to pay your bills while you get started. Unless you have some family members or friends ready to buy a home, you can go for many months without an income when becoming a real estate agent. If you are considering being an agent for a companies or a company that specializes in you should be able to cut down on this time by a month or two.

Start building your "book of business":

Some call it working your "sphere of influence." Becoming a real estate agent is just the very first step in a long (you hope) career of working with buyers, sellers, investors, appraisers, loan officers, mortgage brokers, inspectors, title companies and others. Start out right by finding a good contact management system in which you'll enter all of these contacts and prospects. You'll want to follow up over time, and you'll need an efficient way in which to locate information you've filed away on prospects and contacts.

Start out right with the internet and technology:

No matter what some of the old timer agents may tell you, you absolutely need the Internet to do business in today's real estate climate. Some with many years in the business can continue to succeed to referrals over the years; you will need to use your website and social networking to get a foothold with today's buyers and sellers. You should budget for a good web presence, however, it doesn