Starting your own real estate company can be a very lucrative venture; however, before you start reaping the advantages from this business, you need to have a solid understanding about everything related to real estate. You cannot afford any mistakes and you certainly do not want to start your business from where it will take years for you to understand and then implement things. You have to be pro-active and understand the basics well before sinking your teeth into this business.
Read real estate books first, learn from these books, meet a real estate agent and ask for guidance. You should contact real estate agents and spend time with them to see how they do things.
Get some real estate courses from your local community college to help you better understand the whole dynamics of the real estate business.
Some people would also recommend that you take an internship or a temporary job as a real estate broker in another company to experience the real thing and learn the business inside out. This will certainly give you a lot of insight into the system, which will later help you in starting your own company.
You now have to make a crucial decision, which is to choose which sort of a company you are going to run. For example, you will have to decide whether you want to purchase a franchise or start an independent real estate company.
Then you have to find an appropriate place to set up your office. Remember you can run this business with a telephone connection, but having a physical office will be good for business and leave a better impression on potential customers. You need to choose a building which has high visibility from a busy street, as people need to be able to easily locate and see your office. Moreover, many people come to a real estate office in the spur of the moment, so it would be wise to have an office which is easily approachable. A banner of your service on a highway is just the perfect advertisement which you need to kick-start your business, since highways are always busy and people would surely look at your banner and perhaps make a call when they have to purchase or sale a property.
Remember, you will need to contact the concerned government offices to get the legal documentation for the smooth running of your legitimate business.