Whether to choose to work for a big real estate company or a small one is a normal starting question most people have before getting into real estate. And it’s an important question. In this video, Nick Fong answers this question in a concise way. He’s the founder and broker of Ronival Real Estate, the biggest real estate brokerage in Baja California Sur. That means, he has the right answer for you.
Since he started Ronival Real Estate with his wife Rocio, and being a small company in the beginning , his perspective is worth listening to. Therefore, read on to learn more and be sure to watch the video to see and hear his insight for yourself.
Choosing a big or small real estate company
If you’re an agent or you wish to become a real estate agent, Nick Fong is of the opinion that a bigger real estate company is better suited. Of course, that doesn’t mean it must be the biggest real estate company out there. But, you need to understand what you’re getting from the company – what will you get from a real estate company as an agent.
When the company is larger, what you get from it tends to be more extensive. First, does it offer you marketing? Do they offer you leads? Next, do they provide you with favorable commission splits? Additionally, are they helping you with your closings? Also, are they helping you find and create your new listings? These are the first great questions to ask. But there’s even more…
To begin, is your real estate company offering you coaching and training? How about mentoring? As Nick explains, these are all things that you as a real estate agent need to be considering. So be sure to ask and document what your real estate company has to offer you as an agent working for them. And as Nick says in the video – “Hope this helps!”
Mistakes to avoid in real estate
In short, don’t take for granted what you know about real estate and your area, but your clients may not know. As Nick explains, his agents live and breath the local real estate market. To explain, they talk amongst themselves, with their partner, with their spouse, and with their kids, about what a crazy real estate market they are currently in.
Prices are constantly rising from 12% to even 50% in just a short time. In fact, there has even been 100% increases in some cases according to Nick. These increases have occurred over the last year or two years. In the video, Nick asks if you have picked up the phone and called your previous clients – home owners in Baja California Sur. Also, have you called your buyers that can potentially become sellers?
Be sure to let your buyers and sellers know about the current crazy market conditions. Proactively, you can prod a new opportunity for yourself, just by taking action on the phone. Don’t take for granted the information and expertise that you have and not sharing it with your previous clients. That would be a big mistake and cause missed opportunities that can be developed simply by communicating on the phone.
Work With Ronival Real Estate
Ronival Real Estate has helped thousands of buyers and sellers across Los Cabos since 2010. If you’re interested in Cabo Real Estate, our team can assist with everything from showings and negotiations to closing and property management. Have questions? Contact us here or call +52 (624) 227 5766.