Effective Tips to Build a Real Estate Business
Introduction ď‚Ą
In any economy, there will always be people looking to buy and sell property. The real estate industry, surrounding those who conduct and facilitate these transactions, can be a lucrative field for starting and growing your own business. Being your own boss, especially in a field like real estate.
Tips to Build a Real Estate Business Get a bachelors degree Learn your state’s rules Take your state’s licensing exam Become a broker Create your business plan Get tax information Create a business network Hire additional staf
Get a Bachelors Degree ď‚Ą
While becoming an agent only requires a high school diploma, the finances involved in real estate are becoming more complex. This makes brokerages less likely to hire someone without at least a bachelors degree. Plus, the information you get in these classes will help when you take coursework for licensing.
Learn Your State’s Rules  Every state requires some amount of pre-licensing coursework before taking the required exams. That number varies between states, so make sure you know what your state requires before signing up for classes.
Take Your State’s Licensing Exam
Every state has an exam that you need to pass in order to receive your license. Check with your individual state’s licensing office to find out when and how you will take the exam, and what materials you are required to bring.
Become a Broker ď‚Ą
In order to strike out on your own as a business, you will need to become a broker. State requirements for becoming a broker vary, but they generally involve several years of experience as an agent, continuing education coursework, and passing a broker examination.
Create your Business Plan ď‚Ą
If you are going into business independently, you will need a plan to help establish your structure and explain your goals to potential investors and employees. Describe the market you intend to reach and how you plan to target them.
Get Tax Information ď‚Ą
Your business will need to pay taxes, so you will need tax identification information from federal and state offices. This information should be available through the appropriate taxation offices.
Create a Business Network ď‚Ą
Join local organizations of real estate agents, or other business professionals like the Chamber of Commerce. In addition to expanding your potential client base, you will also be able to work with others in your field to better understand local market conditions.
Hire Additional Staff ď‚Ą
As your company grows, you may want to hire additional agents and brokers. With a bigger staf, you may need to hire for offices such as human resource and payroll services.
Who I Am‌ 
Matthew Raanan is a successful business man who provides the help in real estate marketing and property management in Los Angeles, California.