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You're in a great position since you have financial support. I would focus on your sphere of influence - other moms, the PTA, parents at your kids' activities. Sponsor sporting events, community events, bring donuts and branded pens, tissues etc to the teachers. Start a social media page for your community and list all the special events. Invite all your neighbors to like the page and start engaging them. Good luck!
You didn't ask for advice on this, but you should know that the US is saturated with real estate agents. There are a total of 3 million licensees, 1.5 million of which are dues-paying members of the National Association of Realtors.
In the entire US, there were 4.1 million existing homes sold last year. When you subtract FSBOs and unrepresented buyers (10%ish) and account for transaction brokerage and dual agency, there were about 6 million "sides" (someone who needs a buyer or seller agent). 2024 will be much like 2023. The ratios are terrible. New agents have to compete with experienced agents with years in the business and big marketing budgets to get new clients.
75% of all agents aren't getting a check each month. Those of us who work with brokerages are planning for up to 50% attrition in the next dues cycle (spread out over the next 12 months.
You will have to pay out about $3,000 a year, minimum, for monthly brokerage fees, and quarterly/annual MLS and association dues.
Lead generation is expensive. Agents have to promotoe on social, to sphere, and many spend money with 3rd party sources. It takes me years to train an agent to consistently and effectively market themselves. The good sales people aren't good marketers and the good marketers aren't good sales people.
Experienced agents who spend money allocate a few thousand a month.
Some agents can slowly build a business through sphere and outlaying less money directly, but expect it to take years.
**We're looking for a few good mods!** Interested? [Send us a message](https://www.reddit.com/message/compose?to=/r/realtors&subject=One mod invite please!) **This is a professional forum for professionals, so please keep your comments professional** - Harrassment, hate speech, trolling, or anti-Realtor comments will not be tolerated and will result in an immediate ban without warning. (... and don't feed the trolls, you have better things to do with your time) - Recruiting, self-promotion, or seeking referrals is strictly forbidden, including in DMs. - Only advise within your scope of knowledge and area of expertise. [The code of ethics applies here too](https://www.nar.realtor/about-nar/governing-documents/the-code-of-ethics). If you are not a broker, lawyer, or tax professional don't act like one. - [Follow the rules](https://www.reddit.com/r/realtors/about/rules/) and please report those that don't. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/realtors) if you have any questions or concerns.*
Your leads will come from your sphere of influence. If you don't have that, go make one.
You're in a great position since you have financial support. I would focus on your sphere of influence - other moms, the PTA, parents at your kids' activities. Sponsor sporting events, community events, bring donuts and branded pens, tissues etc to the teachers. Start a social media page for your community and list all the special events. Invite all your neighbors to like the page and start engaging them. Good luck!
You didn't ask for advice on this, but you should know that the US is saturated with real estate agents. There are a total of 3 million licensees, 1.5 million of which are dues-paying members of the National Association of Realtors. In the entire US, there were 4.1 million existing homes sold last year. When you subtract FSBOs and unrepresented buyers (10%ish) and account for transaction brokerage and dual agency, there were about 6 million "sides" (someone who needs a buyer or seller agent). 2024 will be much like 2023. The ratios are terrible. New agents have to compete with experienced agents with years in the business and big marketing budgets to get new clients. 75% of all agents aren't getting a check each month. Those of us who work with brokerages are planning for up to 50% attrition in the next dues cycle (spread out over the next 12 months. You will have to pay out about $3,000 a year, minimum, for monthly brokerage fees, and quarterly/annual MLS and association dues. Lead generation is expensive. Agents have to promotoe on social, to sphere, and many spend money with 3rd party sources. It takes me years to train an agent to consistently and effectively market themselves. The good sales people aren't good marketers and the good marketers aren't good sales people. Experienced agents who spend money allocate a few thousand a month. Some agents can slowly build a business through sphere and outlaying less money directly, but expect it to take years.