A real estate agent or a real estate owner, which among the two is your dream? If your dream is to become a real estate agent in Nigeria, then I present to you an article that will guide your dream into fulfilment. Learn the exclusive guides on how to become a real estate agent in Nigeria in 2022.
Becoming a real estate agent in Nigeria requires a smart work and the ability to be able to convince the property owner’s and the buyer’s. In a nutshell, being a real estate agent requires you to have a good marketing strategy.
I know you have lots of questions going through your mind already like; Do I need a degree to become a real estate agent in Nigeria? What are the requirements involved in becoming a real estate agent in Nigeria? What is the commission or salary of a real estate agent in Nigeria and many more.
But trust me, they are all nothing to worry about because this article covers your question areas and many other things that you need to know in becoming a real estate agent in Nigeria if you keep following till the end. So! before I proceed with the guides on how to become a real estate agent in Nigeria, let’s start with your questions.
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Do you need a degree to become a real estate agent in Nigeria?
It is always beneficial when you have great knowledge of what you want to become. Having a degree in finance, marketing or business subjects makes you appear a professional before your clients because real estate agency is formally built around business practices, financing and contracts.
I won’t discourage you not to try because I know many real estate agents who are not degree holders and yet they excel in the business. So, even if you can’t attain a degree at the moment, at least have a quality educational background, have a basic knowledge of what real estate is all about, be good at business ideas and have marketing strategies. Let’s get down to the next one.
What are the requirements involved in becoming a real estate agent in Nigeria?
Aside registering the company’s name and opening an office depending on your budget, there are no other special requirements involved. Note that having an office and registering the company’s name is not mandatory but if you want to be taken seriously by your clients or if you wants to be rated as a professional, then those things are very important.
However, in order to become a real estate agent in Nigeria, you will need the following special requirements and they are; Sales skills, negotiating skills, networking skills and the ability to think deeply.
What is the commission or salary of a real estate agent in Nigeria?
Based on my experience and research so far, real estate agents don’t have a fixed commission. Some of their payments are exclusive, for example (A real estate agent can decided to charge 10% or 20% commission; that is, if the cost of a house is N250,000, as an agent, if you charge 10% of the actual payment, you will have a gain of N25,000 but if you are charging 20%, you will have N50,000 as your agency fee).
But for agents whose payments are inclusive, their deals are with the property owners not the clients. That is; you will negotiate your agency fee with the property owners alongside the fixed price of the property. Once you have a client, your own is to use your marketing strategy to persuade the buyer to purchase it at your given price, you will have your share and the owner will have his/her shares too.
Now that I am done answering your questions, let’s get down to the exclusive guides on How to Become a Real Estate Agent in Nigeria.
Exclusive Guides on How to Become a Real Estate Agent in Nigeria (2022)
In order to become a real estate agent, you will have to take note of the following points.
- Develop yourself
- Advance in networking
- Build a trust and
- Have a good marketing strategy
Developing oneself in every business organization is the key to success. Being a real estate agent is not something you can just wake up one day and become.
You will need to carryout lots of research’s, ask questions, improve your communication skills, build your negotiating strategies in order to stand out of your competitors.
I will advice you to work with someone who have been into the business for like one month or two in order to understand the concept surrounding the business.
Advance in networking
One of the most important thing that you need to do as a real estate agent is to always network and advance yourself in technology.
What do I mean by that?
As a real estate agent, you need to always research online and update yourself about what other realtors are currently doing so you can follow the trend.
After carrying out your research’s and you are good to go, inform everyone in your neighborhood about what you do because that is where your journey begins from.
Once you are done informing everyone, you can now proceed to companies with proposals and ensure to carryout research about what they do and how they operate before visiting any company.
Build a trust
Every great business begins with a CRMs (customer’s relationship management system), if you fail in this part, you may have difficulties earning your customers trust.
As a real estate agent, your clients should be able to rely on you in delivering a perfect job. Once you earn their trust to yourself, excelling in this business will be quiet easy because you will get lots of referrals which will make you popular and also add a great value to your business. As they are entrusting you with their money, ensure to deliver
Have a good marketing strategy
Like I said earlier, real estate agency isn’t a business you can just get into if you don’t have the ability to persuade people. Real estate agency needs smart work and fast calculations.
As a real estate agent, you need more than just a mere marketing strategy of telling a customer to patronize you. Some clients are very difficult to persuade, so, you will need tactics and good calculating strategy to get them in.
As a real estate agent, being patient with your customers is another great chance to get them closer.
Standing topnotch in real estate business isn’t an easy task because of the competitions therein. So, ask yourself very well if you will be good at it, if that is the career path you really want to choose and if you are good at convincing people. Once you answer those questions, then congratulations as you have successfully become a real estate agent.
So, which of my guides will you follow first?
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