Suggestions for new realtor business plan

**seeeker** · 02-12-2009, 08:37 AM

Hi,
I should point out that I am not yet licensed but doing heavy research right now and plan on getting licensed in March.

Several books and resources I am readingvdescribe the importance of having a structured business plan for new agents to map out the first year in terms of goals, actions, expectations and budgeting and financing.

Many template products I have found on the internet however are extremely elaborate and advanced, and seem focused on broker agencies or companies (including many topics such as loans, depreciation, funding, personnel, etc). They are not geared towards the individual. I have no experience with business plans so doing a google search was the first thing I did.

Can anyone recommend a solution they have found or a effective way you have done this in your first year?

Thanks!

**Nco** · 02-12-2009, 10:27 AM

I am one who believes those templates aren't great, but a good guide for doing your own. You might want to put some sort of spreadsheet together.

Make sure your goals are attainable! It is more motivating to be successful on smaller goals than it is to fail at larger goals.

Also make sure to have detailed milestones so you can celebrate and reward yourself for smaller steps that ultimately lead you your larger goals.

For example, instead of just "Get License", create steps like "Sign up for RE courses", "Register for Exam", "Set Exam date and Take Exam", "Pass Exam", "Finish final paperwork..."

**Real estate phoenixville** · 02-13-2009, 04:34 AM

Thx for suggestion, my hope it will be helpful.

**movieprodw** · 02-13-2009, 08:45 AM

NCO,

I think that was some sound advice, I am a new Realtor and I could have used some advise like that :-)

How long have you been a Realtor?

I am in Scottsdale, how is the real estate in Phoenix?

**seeeker** · 02-13-2009, 10:24 AM

Hi, thanks for the replies.

Maybe it will be a matter of finding the right template, ie not too broad or high level, and trimming it according to my needs.

I still don't know where to start in terms of projections, such as setting a goal for how many deals to close in year 1? Should I realistically go for 2? 4? 6? Also expenses: I have gotten some idea of the ongoing costs, but still in terms of marketing my listings it still seems vague (I have spoken to brokers generally about this) - so estimating these expenses may be vague.

I would love to see an example of what someone else who was new did and see if that would be a reasonable fit for me.

Thank you for the comments.

**movieprodw** · 02-13-2009, 10:26 AM

I will see if I can locate one and I will post a link to it

**HomeFreeTrade** · 02-17-2009, 01:38 AM

Many real estate sites have morgage calculators. I would also love to have one on my site but don't know how to get it. We are talking about morgages in UK and France. Anyone knows what to do to get them?

**thomas12** · 02-19-2009, 12:43 AM

Yes indeed starting a business is a daunting task as you need to do heavy research for it. After all real estate sector is not that easy as it sounds to be!

**danford_paul** · 03-24-2009, 12:19 AM

at start, the business can be a draining job.. but once you became good at it.. it will be in smooth flow...

**slavipz** · 03-24-2009, 06:22 AM

Originally Posted by danford_paul

at start, the business can be a draining job.. but once you became good at it.. it will be in smooth flow...

For every beginner in the real estate business i must say that they should prepair themselves for at least 6-9 month of not earning and they should be prepared to invest in their selves money, if they stay that long in the business they might be successful but these are the first steps...