Posted on: May 27, 2015 by

Throughout your education and training to become a real estate professional, you’ve likely heard unlimited advice about what it takes to be successful; from ensuring you know how to market yourself to making sure you are financially protected with the right Real Estate Professional Liability Insurance Policy. We’d like to summarize some points on what it takes to be a successful real estate agent. While this is by no means a comprehensive list, these pointers are the beginning of what it can take to make your business stand out.

Make Sure you Work for the Right Real Estate Office

Some of the top factors you should look for when choosing a real estate office to work for include ensuring the firm will cover your listing advertisements, making sure the firm is reputable and has a good reputation in your community, checking out the firm’s training program(s), determining your commission rate and any other financial implications you should know; including insurance limitations if they exist.

Know How to Price Real Estate Appropriately

According to RIS Media, one of the key factors of successful real estate practices includes understanding the market and how to set prices accordingly. Successful agents, RIS states, view comparable homes and other real estate for sale in order to help clients determine a competitive price.

Build Your Portfolio

Want to stay on top of the real estate game? Make sure that you ask for referrals and stay in touch with former clients. If you’re good at your job, surely your former clients will help your portfolio grow and thrive. Even with the incredible advancements with technology and social media sharing, word-of-mouth is still a powerful marketing tool.

Communicate, Communicate, Communicate!

We can’t stress this enough. Not only is failing to deliver important news just plain rude, it’s unethical and can lose your client money; not to mention can put you in front of a professional liability claim very easily. Don’t ignore phone calls, emails, or any other type of communication that comes from colleagues or clients.

While our expertise lies in Professional Liability Insurance for Real Estate Agents and a number of other professions, NewMark Insurance Services carries all the insurance coverages necessary to operate your business. For more information, please contact us today at (855) 777-6549.

 

Posted in: blog Errors and Omissions Professional Liability Real Estate

Tagged: e&o errors and omissions insurance professional liability real estate