How to start a real estate business
Video: How To Start A Real Estate Business From Scratch 2024, July
Those who want to start a real estate business should consider opening their own real estate agency. This is profitable, since real estate prices are constantly growing, and quite inexpensively. Your main expenses will be rent for the premises and staff.
You will need
premises, registration, certification, website and staff (5-6 people).
Instruction manual
1
Typically, real estate agencies deal with real estate transactions (purchase and sale, rental) and their legal support. Their activities are not licensed, but subject to certification in terms of brokerage services. Thus, in addition to registration (as an individual entrepreneur or legal entity), you will need to undergo certification.
2
As a rule, real estate agencies have transaction income that is either a certain percentage or a fixed commission (for example, the commission for renting an apartment is often equal to the amount of rent for it in the first month). For legal execution of the transaction, you can take a separate amount.
3
For an agency, a small room in a city or in a shopping center is enough. As a rule, realtors for the most part do not work in the office, but directly on the real estate objects themselves, demonstrating them to potential clients and negotiating transaction conditions. Office space will be needed only by lawyers who will directly prepare contracts, secretary and accountant. Thus, it is worth renting an office with an area of not more than 30 sq.m.
4
For the office, you will need to purchase basic equipment (computers, printer, copier, etc.), appropriate software (1C) and furniture. First you need to hire 2-3 realtors, a lawyer for real estate transactions, a secretary and an accountant (you can come). Realtors and a lawyer must have experience, preferably large enough. Remuneration for realtors is usually piece-rate. The rest of the staff receives a fixed salary.
5
It is worth remembering that in the real estate business, the relevance of information is of great importance. This means that you must monitor all changes in the real estate market, quickly look for profitable objects and conclude deals with them. In order to keep customers up to date with your latest offers, create a website that will be constantly updated, as well as give advertisements in the local press.
