Have you ever dreamed of being your own boss and opening your very own real estate office? If so, then you will want to attend So You Want to Be a Broker at TBR on April 24. The course is designed to help you decide if opening your own real estate firm is right for you. Do you have what it takes to succeed in a very competitive business? What valuable business experience do you bring to the table? The pros and cons of venturing out on your own will be discussed. Timing is critical in the opening of any new business. What is the current business climate and is now the right time to begin? The course will help you answer these important questions.
One of the first decisions an entrepreneur must make after deciding to open a new company is developing a business model. After carefully checking out the competition in your area, you will want to decide on the type of services you will offer. Will you open a small office with just yourself, or will you decide to open a firm that relies on recruiting agents to your new company? Will you be a full-service company, a service center, or operate a VOW? Your business plan will be dictated by the choice of company you chose to operate. The course will compare the benefits and expenses of operating a franchise company with that of a non- franchise company. The course is also designed to show the cost/benefit of remaining a sales associate in various business models vs. the cost/benefit if you own the company. The course will take you step-by-step from inception to profitability by helping you figure out how much commissioned income you need in order to generate a profit. Various types of business models will be compared to show you how to figure your break-even point in each.
A section on FREC rules and regulations is also covered to help brokers understand their responsibility to supervise the activities of their agents. Agency relationships, escrow deposits, advertising, business records, and anti-discrimination policies are some of the topics discussed.
So You Want to Be a Broker is offered at TBR as part of the Cinema CE series, and provides three hours of continuing education.
Florida REALTORS® Instructor
Certified Success Coach
Watson Realty Corp.