Success Tools for the Realtor in Today’s Market
How many real estate brokers are there in the US?
The Association of Real Estate License Law Officials (ARELLO)(link is external) estimates that there are about 2 million active real estate licensees in the United States.
NAR Membership Statistics
Members to date: 1,236,544 as of April 2017
Number of local associations: 1,222 as of Jan. 4, 2016
No matter who you are or what you do, competition in your industry is at an all-time high. “What does this mean for me?”, New Records are being broken! Individuals in your industry are becoming the new rising stars. Although many individuals stick around, others find something else to do. If you have decided to stick around, there are some choices that must be made if you want continued success. If you want to get your piece of the pie, you want to at a minimum, began to research your industry again for new ideas and concepts that work in today's, ever changing market. Although this blog is writing for realtors; it is also useful to new or existing home shoppers.
If you are going to be a better, good, or great at being a realtor; you must have a team for success. Unfortunately, your job is not like golf or tennis, but more like Basketball. It’s a professional team sport! So, lets discuss the team you need and the positions that must be filled.
Realtor Dream-Team for Success
You’re the team captain, looking for openings at the right price. You can be the star of the team but can’t do it without the help of the rest of the team. The team captain ensures that all the other players are on their “A game” and motivates the others to play hard to win.
Mortgage and Insurance brokers
For most teams, the mortgage lender/broker is an important part of the offense; your pre-qualification letter, provided by a broker, is a much-needed assist to your agent. A broker can also score you rates that retail lenders often cannot match. Similarly, an Insurance broker is key to finding the lowest premium and driving your fixed payments down." Help2Cover Ins. is specialist at lowering prices with Superior "A" rated coverage and service" said Fred Brown (Sr. Licensed Agent, Southern Territory)the recommended source Agency for residents of SC and GA. The less time your mortgage and insurance brokers have been on the bench, the more experience they’ll have in giving you a great assist.
Appraisers and inspectors
Your appraiser and inspector are important offensive and defensive players. They help you go in to the game prepared for anything that can come up, guard you from unexpected drives and also can help your star player score. They can block the opposing team from running up the score against you, pulling out some expected and unexpected moves that may or may not change the course of the game. You never know what to expect until you put them in the game, and they can truly be game changers.
Your closing attorney is the game referee, ensuring that the deal is fair. They play an important role in making sure all the rules of the game are followed. They oversee and confirm that all the other players are doing their job so that they are able to come in and lead the “clear” path to victory.
Believe it or not, you need to be a team player, too. Your role is to manage the team, ensure that everyone is performing exactly how you’d like and verify that everyone is working as a unit. Communication and strategizing are key!
Blog by Help2Cover Insurance Agency (Georgia &South Carolina Residents)
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