Real estate agents, whether independent or part of a larger brokerage, need to keep track of a lot of expenses, from marketing and mileage to open houses and home offices. Fortunately, several expense tracker apps cater specifically to the unique needs of real estate professionals. Here are several expense tracker apps that any real estate agent should consider.
As a real estate agent, you’re probably used to asking your broker for their blessing on any financial changes to your deals. If you want to adjust your commission for a client, you’ll usually have to get your broker to approve the new compensation agreement. If you want to negotiate a different commission split for yourself, only your broker can greenlight that change.
Two key components that can significantly impact the success of a deal are home inspections and appraisals. Both play crucial roles in ensuring a smooth transaction, but many clients may not fully understand their purpose or importance. Here are tips for how real estate agents can advise their clients on these steps and help them navigate the process with confidence.
With Tongo’s Tax Filer and Tax Estimator agents can better manage their financial health year-round.
A commission advance is essentially a short-term loan based on your anticipated commission from a pending real estate sale. You receive a portion of your commission upfront, typically around 70-80%, with the remaining balance paid out after closing, minus any fees associated with the advance.
When discussing wellness or well-being, words like mindfulness, meditation, exercise, and mental health usually come to mind. However, in a world saturated with paths to achieving well-being, one important facet that often gets overlooked is financial wellness.
As the shift to remote work continues to reshape the housing market, real estate agents must adapt to evolving buyer preferences and trends to stay competitive. With more companies allowing flexible work arrangements, homebuyers are seeking properties that fit their new lifestyles, leading to increased demand in suburban, rural, and even vacation home markets.
As an agent, understanding first-time homebuyers' mindset is key. By acknowledging their concerns and offering guidance with empathy, you can become a trusted advisor.
In the fast-paced, client-centered world of real estate, time is one of the most valuable assets an agent has. With competition high and client expectations even higher, real estate professionals often find themselves working long hours. However, effective time management doesn’t mean working harder or faster—it’s about working smarter.