Beginning Your Career or Considering a Change?

Do you have what it takes?

A few of the common questions people ask when considering a career in real estate are:

  • How hard is it to get a license?
  • Can I “sell”?
  • Is there training?
  • How much will it cost to get started?
  • How much money can I make?


Selling

Sell means to influence or induce someone to make a purchase or to exchange something of value for money. At Prestige Homes, we prefer the latter definition.

We exchange knowledge, hard work and innovation performed with honesty and integrity to help our clients and customers achieve their real estate objectives for a reasonable fee.

Age, background, or previous experience doesn’t really matter if you have an attitude of success and the ability to treat people with honesty, integrity and understanding. You must also be willing to learn. While clients and customer wants and needs remain the same, the real estate industry is a constantly moving target with regular law, rule and technology changes. It is imperative that you are willing to “keep up” with a rapidly changing industry.

Besides honesty, integrity and understanding — do you possess the attitude of success?

Understanding what it takes is an important step to beginning and growing your real estate career. There are many different types of buyers and sellers, whose motivation to buy or sell is influenced by many different factors. Understanding that there isn’t a “one size fits all” approach to “selling” and being able to adapt is key to becoming a successful real estate professional.


What are some of the characteristics of an attitude of success?

  • Assertiveness
  • Desire to succeed
  • Dependability
  • Emotional stability and resilience
  • Innovative
  • Goal-oriented
  • Persevering
  • Technologically savvy
  • Self-motivated
  • Ambitious
  • People and service oriented
  • Flexibility
  • Attention to details
  • Confident
  • Communicative
  • Organized

Training

If you have the right qualities, Prestige Homes can teach you the rest. You will train with a mentor who is certified with one of the largest real estate training systems in the country and learn from other very experienced agents. You will benefit from over three hundred years of combined experience, a team spirit and a willingness to help fellow team members!

Your training will consist of:

  • Prospecting in your sphere of influence
  • Business planning and development
  • Lead response
  • Personal marketing
  • Property marketing
  • Online marketing and expertise
  • Current real estate technology and social media
  • Client relationship marketing and management
  • Follow-up techniques
  • Understanding of systems, laws, rules and forms

We love to watch the growth and success of our team. We specialize in providing our team with the support, knowledge and tools to have a very long, successful and rewarding career. Experienced agents and newcomers alike will benefit from our training and support.


How much income can I make?

As for the money question...it is directly related to your efforts. There is no time clock and no glass ceiling on earnings. No one can get in the way of a great reward, but you!


How do you obtain a license?

Choose the firm and broker you plan to affiliate with prior to starting the process. A good broker will be able to walk you through the entire process. Choosing or affiliating with a firm before you obtain your license is not required, but it will make the process so much easier.

The Tennessee Real Estate Commission (TREC) and the Virginia Department of Professional Regulation (VDPOR) require you to complete pre and post licensing courses. You can choose from a classroom setting or take the classes online.

When you have successfully completed your prelicensing courses, you must take the national and state exams. Those are administered locally. No travel required.

If you haven’t already chosen a broker, now it is a requirement. You will not be issued a license until you select and affiliate with a local firm and broker. All successful applicants are also required to be finger printed and have criminal background checks.

Once you are affiliated with a broker and firm, you will join a local, state and national association so you can have the privilege of using the REALTOR® designation and logo. Joining the associations is also required before you can participate in the local MLS.

Continuing education will be required during every two year license renewal period.


What are the costs associated with obtaining a license(s)?

It does cost money to join the real estate industry in Tennessee. The following are some approximated costs:

  • $500 pre-licensing courses
  • $55.00 testing fee
  • $60 finger printing and background checks
  • $85.00 license application fee
  • $360.00 annual MLS fee
  • $425 annual association dues
    • BTVAR 150.00
    • TAR 120.00
    • NAR 155.00
  • $249 basic biannual errors and omissions insurance (riders for extra coverage may be added)

What are the Initial operating costs?

When planning, don’t forget to include your initial advertising and operating costs. You will need reliable transportation, up to date technology and personal marketing materials.