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BEGINNING YOUR CAREER IN COMMERCIAL REAL ESTATE ACQUISITIONS
What is the Role of a Real Estate Agent?
A licensed real estate agent acts as the key facilitator between buyers and sellers of property. A successful agent becomes the expert on the property and the terms of each transaction. To be most effective, the real estate agent must choose a specific product type and region. For example, one agent may specialize in apartments in the Santa Monica area. Another may choose to be an office agent in downtown Los Angeles. Once focus has been narrowed, the due diligence begins. To maximize success, agents work tirelessly to identify all property owners in their territory. The goal is to meet the owners and seek out motivated buyers and sellers to act as their exclusive representative. The agent has a fiduciary duty to represent his or her client in a fair and professional manner. Once an agent secures a listing -- in addition to acting as a salesperson and consultant -- the agent will be the chief researcher, negotiator, marketer, strategist and administrator until the project has been bought or sold.
Compensation
The agent earns a commission upon the close of each transaction. There is no cap on the number of clients an agent can represent and therefore no limit on what that agent can earn.
The Benefits
Friends and classmates may choose a safe career with a conventional salary and benefits. Meanwhile, someone else is driving their destiny. Real estate sales allows you to control how much you make and how hard you work. All the decisions of how the business is run come from your desk. The freedom is limitless and can afford the right person the room needed to be successful.
Is it for You?
Real estate sales is not for the faint of heart. You build your own business and are the only one responsible for its success. You must be a self-starter, have strong interpersonal skills and have ambition far beyond the average salary-taker. Your ability to think creatively in every situation will help differentiate you from the competition. You decide how hard you want to work and how much money you want to make.
The Los Angeles Market
No other city in the world has the promise of opportunity like Los Angeles. The projected population growth coupled with the diversity of the city’s economy will make Los Angeles a place of choice for tomorrow and beyond. Where there is commerce there is a need for the middle man to stimulate and negotiate transactions. A real estate agent’s best friend is a dynamic marketplace and, whether values are on the upswing or the downswing, there will always be buyers and sellers who need professional representation. The opportunity is out there. Is it right for you? Contact The DT Group for your start in real estate
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