How Do You Open A Real Estate Brokerage?
To open a real estate brokerage is no easy task. It involves a substantial investment of both time and money. Of course, if you want to open a real estate brokerage, you must be a licensed real estate broker. After you get your broker’s license, start by following these steps. Write down your business plan. If you need financing to open a real estate brokerage, your banker will want to see these plans on paper. Find help in your local library or in bookstores. You can also find help online. (See “How to Write a Business Plan,” under Related eHows.) Choose an office site. Decide if you want to purchase a building, construct a building on a lot you find or rent existing office space. If you decide to rent, be sure to review all terms of the rental agreement. Plan your office by determining present needs and anticipating future needs. As your business grows, you must accommodate additional agents and office staff. Some experts advise allotting 75 to 100 square feet of office space per age
