Published by Kartik Subramaniam
I was up in the high desert a few days ago and spoke to a group of students who had recently finished our real estate school and work for Alam Realty. While I was speaking to them something came up that surprised me. Many of our recent graduates had clients that they were working with within just days of getting their licenses issued.
I pulled the broker aside and I said, "Mohammad, how are these guys hitting the ground running so quickly? Most new agents have a 60 to 90 day period where they're still learning the purchase contract. They're still learning how to get customers. They're still kind of getting their feet wet. Your team seems to be doing well very soon after getting licensed. Why is this?”
Mohammad said to me, "Kartik, you don't remember I do a class here on Tuesday nights." Turns out that every Tuesday he does a real estate class on sales skills. He also teaches the purchase contract and provides tips about the industry before they get their license.
This got me thinking about what you could do (no matter where you live) as a current student of ours to hit the ground running. One mistake that I see a lot of people make is they're so focused on preparing for the real estate exam test they think, "I'll learn about the contract and pick a broker later on. Let me focus right now on passing the test.”
While that's semi-true I would highly recommend that you start learning about the business and about the industry early in your journey. Don't wait until you get your real estate license to do that. There's no law against you learning the purchase contract or reading the listing agreement now before you get your license. There's no law against you shadowing a successful real estate agent. There's no law against you attending a sales meeting before you get a license. There's no law against you interviewing with real estate companies.
I would try to get immersed in the culture as early as possible as the state will take four to eight weeks to process your exam application. What that means is even after you pass the three courses and you apply for the exam it can take a long while before you're taking the actual real estate exam.
It’s super important to build momentum through the licensing process. Again, one big mistake that I see a lot of people make is that a lot of students are so focused on the test that they don't think about what's going to happen after they get their license. You don't want to run out of steam early in the game.
Remember you don’t yet have a license so you might not be able to solicit for customers. You're not going to have a Supra lock box or an eKEY now but there's a lot of things that you could be doing now that will make sure that you obtain success quickly.