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New Real Estate Agent Budgeting Tips
Hipotecas - “You have to learn how to make the phone ring on a shoestring budget. You can’t lose sight of your budget. Ever. You think you’re poor now [just starting out]. You haven’t seen anything yet. For the next two years it’s going to seem like all you ever do is write checks.” Unfortunately, many real estate brokers, managers, and recruits don’t talk to new licensees about the importance of budgeting and keeping close watch on how much is going out.
So how much does a top producer spend?
* An Accountant.
* Real Estate Conventions. You must go to conventions. You need new ideas and meet people.
* Some Dues. They are a business expense.
* Entertainment. As you work with more buyers and sellers, your entertainment expenses will go up.
* Fix-ups. Help the seller deal with minor problems before the house goes on the market.
* Insurance. Life Insurance. You auto insurance increases as you enter the real estate business.
* Fees, Fees and more Fees. Multiple-listing service. Web site, Legal fees, License renewals, Referral fees
* Marketing. personal marketing. press releases postage business cards
Hipotecas Prestamos August 23, 2007 07:06 AM