Those wishing to start a real estate business should consider opening their own real estate agency. This is profitable because property prices are constantly rising and quite inexpensive. Your main expenses will be the rent for the premises and staff.
It is necessary
premises, registration, certification, website and staff (5-6 people)
Instructions
Step 1
Usually real estate agencies deal with real estate transactions (purchase and sale, rent) and their legal support. Their activities are not licensed, but they are subject to certification in terms of brokerage services. Thus, in addition to registering (as an individual entrepreneur or legal entity), you will need to undergo certification.
Step 2
As a rule, real estate agencies have an income from transactions, which is either a certain percentage or a fixed commission (for example, the commission for renting an apartment is often equal to the amount of rent for it in the first month). You can take a separate amount for the legal registration of the transaction.
Step 3
A small office space in a city or in a shopping center is sufficient for an agency. As a rule, realtors for the most part do not work in the office, but directly on the real estate objects themselves, demonstrating them to potential clients and negotiating the terms of transactions. Office space is needed only for lawyers who will directly prepare contracts, a secretary and an accountant. Thus, it is worth renting an office with an area of no more than 30 sq. M.
Step 4
For the office, you will need to purchase basic equipment (computers, printer, copier, etc.), proper software (1C) and furniture. To get started, you need to hire 2-3 realtors, a real estate lawyer, a secretary and an accountant (you can come). Realtors and a lawyer must have work experience, preferably large enough. Remuneration for realtors is usually piecework. The rest of the staff receive a fixed salary.
Step 5
It is worth remembering that in the real estate business, the relevance of information is of great importance. This means that you have to follow all changes in the real estate market, quickly look for profitable properties and conclude deals with them. To keep customers up to date with your latest offers, create a website that will be constantly updated and advertise in the local press.
