Setting up a realty brokerage office

An expertly advice to some prospective real estate investors who are too cautious and hesitant into immediately going into business is to first set up a real estate brokerage and marketing business. In this way, for a smaller capital, the investor will be able to acquire more knowledge and experience. This technique would also give him the opportunity to associate and to learn from veteran realty practitioners that can serve as the stepping stone towards the bigger business fields of real estate such as property management, leasing, financing, build-and-sell and development. At the same time that it provides experience, real estate brokerage can be a very much financially-rewarding profession that could build up more capital.

To learn more on real estate as a profession and be properly guided in setting up a realty brokerage company, Urban Institute of Real Estate will conduct a seminar on ‘How To Start And Manage A Successful Realty Office’ on July 11, 1:30 to 6 p.m. at the Maximo Function Room, Max’s Restaurant, Level 2, Gateway Mall, Araneta Center, Cubao, Quezon City.

Topics included are sources and how to secure properties for sell; needed documents such as authority to sell; requirements to be entitled to commission; how to safeguard your commission; how to start and close a transaction; sales organizational structures; sales personnel recruitment techniques; training programs; advancement and career path programs; commission structures, awards and other incentives; how to do real estate networking; real estate associations; franchising; business operations; real estate brokerage, terminologies, definition of real estate professionals, qualification and licensing requirements, subjects covered in the licensing examination; penalties for illegal practice, duties of a professional to his clients, and other relevant topics.

Urban is also conducting other seminars which can be attended separately, on the same time and venue as follows: July 4 — Investing in Real State: Opportunities, Techniques & What are Needed to Learn before Investing; July 5 — Property Development and HLURB Rules and Regulations; July 6 – Real Estate Finance and Investment Analysis; July 7 — Joint Ventures and Syndications for Real Estate Projects; July 8 — Property Management and Real Estate Appraisal; July 12 — Taxation Aspects of Real Estate Transactions & Real Property Assessment; July 13 — Legal Aspect of Sale, Mortgage and Lease with Contract Documentation and Registration; July14 — Making Big Money in Distressed Properties; July 15 — Mathematics of Real Estate Investment.

For other details or advance registration, Urban Institute may be reached at 681-0928 or CP# 0916-426-9174 or by email at urbanet@pacific.net.ph.