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A Fundamental Guide To Real Estate Brokerage PDF
A Fundamental Guide To Real Estate Brokerage PDF
Guide to Real
Estate Brokerage
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The real estate industry continues to grow persistently
and the number of real estate brokers is increasing
at a rapid rate. Of course, real estate brokers want
to succeed in their career and etch their name in the
pillars of the industry. To be an established broker,
keeping up with trends and career improvement are
necessary; more so, one should know how to put his
best feet forward constantly.
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Understand the Profession ............ 4
Be a better broker . . . . . . . . . . . . 10
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Understand the Profession
...
For real estate brokers to appreciate the profession and its significance,
they must understand it first. Know why it is a high-end profession, identify
the kinds of properties you can focus on and how much you can earn, and
learn how to be a real estate broker in the Philippines.
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UNDERSTAND THE PROFESSION
People from different industries consider the real estate broker job
as a high-end profession due to these four factors:
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UNDERSTAND THE PROFESSION
Be assertive,
Not aggressive.
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UNDERSTAND THE PROFESSION
• Residential Brokerage
• Commercial Brokerage
• Land Development
• Pre-Selling
• Urban Planning
#BrokerTip
• International Real Estate
Never doubt that you are
valuable and powerful and • Green Construction
deserving of every chance and
opportunity in the world. • Renovation
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UNDERSTAND THE PROFESSION
“Every applicant seeking to be registered and licensed as a real estate service practitioner, except a real estate salesperson, shall
undergo an examination as provided for in this Act. Examinations for the practice of real estate service in the Philippines shall be
given by the Board (Professional Regulatory Board of Real Estate Service) at least once every year in such places and dates as the
Commission may designate”.
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“
“
Strive not to be a success,
but rather to be a value.
-Albert Einstein
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Be a Better Broker
...
Learn how to improve the way you handle yourself and the inevitable
situations you can be in. From personal practical tips to guides on how to
solve common real estate problems, we have a list of articles that can be
of help to you.
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BE A BETTER BROKER
These ten skills can help you become a successful real estate broker:
3. Presentation 7. Adaptability
Presentations often set the direction Being a broker, you will meet up with many
of a transaction. Be specific with what clients. You must know how to adapt to
you want to say to avoid confusion and situations, environment, and people. #BrokerTip
misunderstanding.
8. Empathy Willingness to learn
4. Negotiation Selling should not be the main motivation. goes a long way.
Persuasion is useful. When you learn During the process of negotiation, you
the art of negotiation, you can influence must be able to pinpoint how you can
and persuade clients to make or accept selflessly assist a client.
reasonable proposals and offers.
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BE A BETTER BROKER
Here are six problems real estate brokers encounter and how to solve them:
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BE A BETTER BROKER
3. Be realistic
It is important that every goal is achievable; otherwise, you will only
be frustrated. Your ideas should not serve as a roadblock to paralyze
#BrokerTip
you from reaching your goals just because they are too farfetched.
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BE A BETTER BROKER
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BE A BETTER BROKER
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“
“ Don’t be satisfied with stories,
how things have gone with others,
Unfold your own myth.
-Rumi
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Make the Most of Technology
...
Technology, when used appropriately, can do wonders. Today, the real
estate industry utilizes online tools and apps to get things done fast
and easier – and real estate brokers should keep up with the fast-paced
technology.
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MAKE THE MOST OF TECHNOLOGY
Sell with Soul: The Smart Agent’s Guide The Power of Focus
to an Extraordinary Career in Real by Mark Victor Hansen
Estate by Jennifer Allan
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MAKE THE MOST OF TECHNOLOGY
• Camera 360
• Frametastic
• PicCollage
• Kanvas
• PS Express #BrokerTip
Make use of
• Fotor
technology
• Photography Tutorial
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MAKE THE MOST OF TECHNOLOGY
You do not want property seekers to set aside your listings due it outdated details. Consider these four risks to
encourage you to start updating your listings regularly:
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MAKE THE MOST OF TECHNOLOGY
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“
“ Setting goals is the first step in
turning the invisible into visible
-Tony Robbins
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Maintain a Good Relationship
...
Manage clients effectively to ensure success in sales transactions. No
matter where you are in the sales process, it pays off when you know how
to maintain a good relationship with current and prospect clients.
4
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MAINTAIN A GOOD RELATIONSHIP WITH CLIENTS
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MAINTAIN A GOOD RELATIONSHIP WITH CLIENTS
#BrokerTip
Value the relationship
more than the quota
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MAINTAIN A GOOD RELATIONSHIP WITH CLIENTS
2. Practice consistency
Actions speak louder than words - you have heard this a million
times yet it remains true. Now that you have earned their trust,
show them your commitment by treasuring it. Once you start
taking their trust for granted, you will definitely start losing them.
3. Stay organized
With the number of clients you will be handling, no doubt it will
cause you to neglect some. As part of your practice, it is important
to keep a systemized strategy solely to maintain this relationship.
This strategy should serve as a template for all your clients. Each
client may have unique needs but in most cases, a standard
protocol for each step can save a whole lot of your precious time.
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MAINTAIN A GOOD RELATIONSHIP WITH CLIENTS
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MAINTAIN A GOOD RELATIONSHIP WITH CLIENTS
DON’Ts
Prepare the things you will need. Create an
itinerary or a guideline for the meeting and
inform your client beforehand. Clients need
to have an idea of what is about to happen,
so you will not lose their interest.
moment is your client’s welfare. Be genuine. really a lot of dead air to fill in. While this
Ask questions if you need to clarify things. is a time to get to know your client on a
Do not part ways with your client if you have personal level, stick to questions that are
unanswered questions. factual rather than opinionated.
Do mind how you look Do not check your phone all the time
In this kind of business, looking sharp is one Avoid using your phone while talking to a
of your edges. How you present yourself client. The only use your phone when you
implies how much you value your client. Let need to save a number or if you want to
us be realistic; your client will judge your show a photo of home designs that would
appearance before your service. encourage your client to buy the property.
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MAINTAIN A GOOD RELATIONSHIP WITH CLIENTS
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“
“ You must either modify
your dreams or magnify
your skills
-Jim Rohn
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See real estate brokers in the
eyes of clients
...
Clients consider many factors prior to choosing the best real estate broker
for them. Discover the traits clients look for in a real estate broker so you
can equip yourself with the right attitude and conduct that your future
customers will certainly notice and appreciate.
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SEE REAL ESTATE BROKERS IN THE EYES OF CLIENTS
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SEE REAL ESTATE BROKERS IN THE EYES OF CLIENTS
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“
“ The future belongs to those who
learn more skills and combine
them in a creative ways.
-Robert Greene
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Maintain a healthy
relationship with other
...
A healthy relationship with other professionals is essential in the sales
industry. While it is not a walk in the park to deal with co-brokers – especially
the toxic ones, it is worth it to establish relationships and expand your
network.
6
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SEE REAL ESTATE BROKERS IN THE EYES OF CLIENTS
1. Evaluate the circumstances 4. Recognize your triggers completely patient, but we can always
Take a deep breath and try to see what is It is best if you could pinpoint the gestures, choose to exercise it with all our strength.
going on. Do not say or do anything terrible words, or even types of personality that
just because you feel bad. set you off. Recognize what makes you feel 7. Hear them out
bad; that way, you will know how to respond A toxic co-broker might have a story that
2. Take action appropriately. he just wants to share; hear him out. Help
Understand where a co-broker is coming him discover the cause of his toxicity. Aside
from and do your best to listen. Stay calm 5. Set boundaries from you being a co-broker, be a friend.
and be rational, but do not let your emotions Do not exacerbate the tensions within you
get the best of you. by going with the flow. If something is not 8. Love, just love
acceptable to you, you do not have to keep As sentimental as it sounds, love is powerful.
3. Keep your cool up with it. Set boundaries and avoid what You can choose to show love to your co-
When a confrontation is not yet needed needs to be avoided. broker who is cynical or perhaps has
and you do not have anything to do with mistreated you. Take the time to appreciate
a toxic co-broker, keep your cool and stay 6. Exercise patience and encourage him to show that are for
away from possible conflicts. Every day offers an opportunity to feel him. Even if he has wronged you, let love
annoyed because of a co-broker and you motivate you to see beyond the mistakes.
can also be a source of inconvenience
for your co-brokers. We will never be
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SEE REAL ESTATE BROKERS IN THE EYES OF CLIENTS
2. Create a professional online page 5. Start a group 7. Get referrals from old clients
Start a website where everyone can sign Invite industry professionals who have the Take care of your past clients and stay in
up and be part of your online network. A same vision as you – to expand and establish touch with them. You do not necessarily
website is an efficient medium where you a reputable network. Find motivated people have to contact them every day; just let
can publish blogs that would attract your who know that there is power in unity and them know that you are always available in
target audience. that network building in real estate is as case they need assistance.
essential as closing deals.
3. Attend broker events
Be involved in real estate events to meet
other industry professionals and learn
new information. More so and this is truly
important, events offer an avenue where
you can exchange contact details with
others participants.
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“ Obstacles are necessary for
success because in selling, as in
all careers of importance, victory
comes only after many struggles
and countless defeats.
-Og Mandino
“
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