Whether you’re new to the industry or a seasoned agent, one of the advantages of working in real estate is the opportunity for advancement. Aside from representing home buyers and sellers, there may be other aspects of the industry that pique your interest. Below are a few tips that can help you advance your real estate career.

How to Advance in Real Estate

1. Establish Your Sphere of Influence

If you want to grow your real estate business, you’ll have to establish a larger network of contacts. This expansion will grow your market knowledge, give you access to more clients, and diversify your portfolio. There are a few ways to do this. For example, you can start a Facebook page for your business. This digital storefront can be a hub for interacting with locals and posting shareable content. Offline, you may want to try marketing tactics like giving out fliers and attending networking events.

2. Study for a Broker License

Becoming a real estate broker allows you to run your own firm and hire other agents to work for you. The license is also an easy way to demonstrate your experience and win over new clients. To become a broker, you must have two to four years of experience as a salesperson, pass an exam to obtain the license to operate in your state, and pay a required fee. 

3. Purchase a Franchise

Purchasing a reputable real estate franchise is an effective way to raise your income and build your career. When you operate under a recognizable brand, you can make use of their proven business model. This also includes mentorships, marketing tools, and training resources to help you succeed in the industry. 

When you’re ready to move your real estate career forward, turn to the team at EXIT Realty Upper Midwest. This premier real estate franchise features locations in Sioux Falls, SD; Grand Forks, ND; Urbandale, IA; and Chicago, IL. They offer comprehensive assistance for franchise owners, including mentorships and marketing tools, along with a proven business model. Call (651) 505-3570 to speak with a representative about potential opportunities. You can also visit them online to learn more about their offerings.