How to Grow Your New Chicago Real Estate Business

Growing a New Chicago Real Estate Business

You’re ready to commit to a career in residential real estate and jump in with both feet. Now comes the important question: How are you going to grow your business? 

There are as many ways to build a real estate business as there are brokers, and it’s important to spend some time thinking of a strategy that will be right for you. As you get started, consider what type of business model you would like to create, how you can emphasize your unique expertise and talents, and who you can turn to when you have questions or want to talk about your progress toward your goals. As with most facets of real estate, there is not necessarily a right or wrong way. It’s about finding the way that works for you as an individual, and sticking with it consistently over time. 

In my perspective, the path to growing your new Chicago real estate business comes down to three main parts: 

  1. Identify who you are, and what you like to do.  
  2. Work with your managing broker and team to develop a detailed business plan that includes specific tactics — including some that appeal to you, and some that you expect to find more challenging. 
  3. Execute your plan and monitor your results.

Oftentimes, people starting their career spend all of their time learning, and not enough time doing. Real estate is a profession that rewards action versus inaction — so while it’s important to have a strategy and a plan in place, keep in mind that there are a lot of different ways to be successful. The brokers who get the most out of these early days are going to be the ones who fully execute on a plan. 

Curious about how you can define and execute your own path to success? Let’s break down each of those steps in a bit more depth: 

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Should New Agents Join a Real Estate Team?

Should New Agents Join a Real Estate Team?

To join a real estate team, or to go solo? That is the question — and an important topic to consider for new brokers who are just getting started in the business. 

Here in Chicago, real estate teams are quite common, both at my brokerage Baird & Warner, and at other real estate brokerages around the city.

As with so many decisions in the early days of your real estate career, the choices you make now can have a significant impact on your success down the line. But it’s important to remember that there is no one “right” or “wrong” way to move forward. 

Ultimately, choosing whether or not you should become part of a real estate team is a personal decision, based on what matters most to you. There are pros and cons to both options — and lots of important questions for new-to-the business brokers to keep in mind. 

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New to Real Estate? Here’s How to Find the Brokerage That Will Be the Right Fit

Finding the Real Estate Brokerage That Will Be Right For You

When you’re new to your career in real estate, finding the right brokerage is one of the most important factors in determining your future success. 

With so many brokerages and local offices to choose from in Chicago, it’s important to do your homework and put in some time to find the place that will be the right fit for you and the career you want to build. 

When you join a brokerage, you’re choosing a professional “home base” — one where you can start building relationships, learning the ropes, and growing your business. With a decision this big, it can be hard to know just where to start your search. What factors should you look at in order to compare different real estate brokerages? What steps can you take to really find the one that will be the best match for your style and personal goals?

Everyone is different, and launching a real estate business is certainly not a “one size fits all” proposition. In my view, finding the right brokerage really comes down to evaluating three major components:

  • Training and coaching
  • Access to management and support
  • Office culture
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How to Get Your Real Estate License In Chicago

How to Get Your Real Estate License In Chicago

Are you ready for a career in real estate? I’m here to help set you down the path to success.

Working as a real estate broker is an opportunity to work in an industry that is flexible, fast-paced, and always evolving. Here in Chicago, being a broker is a meaningful opportunity to help build up your community. It’s an exciting and rewarding career path, with high earning-potential — and there’s never a bad time to get started. 

In order to become a Chicago real estate broker, you first need to get your Illinois real estate license — which means attending classes, passing an exam, and joining the real estate brokerage that will be the right fit for you. 

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