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how to become a real estate agent winnipeg
step 1: preparation
To become a Real Estate Agent in Manitoba is quite a journey. At first, when you have zero connection and experience, consider this is a side job as you will not have clients when graduated, unless you have big connections in your life, from friends and family. So carefully calculated things out before becoming a real estate agent.
To know if this is a career that will fit you, you can check out many resources online, from Youtube, the Internet or even in your connections to see the insight of this job.
It is not flashy as you might expected, and the important thing will still be how can you get your clients. Spending hours researching via Youtube can be a good start for you. As they will give you some advices, the do and dont's from their own real life experience.
Another tip for you for a quick learning is attend as many open houses as possible as this is where you can meet real expert and talk to them whether about the property itself or some small talks about real estate career.
A good real estate agent is the one who will answer you truthfully to the best of their experience, and will not hesitate to hide from you or worry they will lose their clients. You must know how to build a good rapport with your clients.
To know if this is a career that will fit you, you can check out many resources online, from Youtube, the Internet or even in your connections to see the insight of this job.
It is not flashy as you might expected, and the important thing will still be how can you get your clients. Spending hours researching via Youtube can be a good start for you. As they will give you some advices, the do and dont's from their own real life experience.
Another tip for you for a quick learning is attend as many open houses as possible as this is where you can meet real expert and talk to them whether about the property itself or some small talks about real estate career.
A good real estate agent is the one who will answer you truthfully to the best of their experience, and will not hesitate to hide from you or worry they will lose their clients. You must know how to build a good rapport with your clients.
step 2: registration
First, you need to register the Real Estate Salesperson Certification of MREA (Manitoba Real Estate Association) and grind through coursed to get the license.
There will be four Modules for you to take and required to be taken in order (you can not skip the module). The total duration of learning these modules is depended on you. These courses can be taken anywhere, anytime. If you wish to get your license fast, you will need to double down on your learning.
Program Fees (might be update annually) :
Module 1 - $1,370.000
Module 2 - $1,045.000
Module 3 - $1,045.000
Module 4 - $750.000
After you have finished learning the first module, you must go and register your examination date for each module. To be eligible to register the next examination, you must pass the previous module.
There will be four Modules for you to take and required to be taken in order (you can not skip the module). The total duration of learning these modules is depended on you. These courses can be taken anywhere, anytime. If you wish to get your license fast, you will need to double down on your learning.
Program Fees (might be update annually) :
Module 1 - $1,370.000
Module 2 - $1,045.000
Module 3 - $1,045.000
Module 4 - $750.000
After you have finished learning the first module, you must go and register your examination date for each module. To be eligible to register the next examination, you must pass the previous module.
Source: Pexels
Step 3: Find a brokerage to partner with
After you have successfully complete the four modules of MREA as a Real Estate Salesperson, it is time for you to find a broker for you to work with, you can begin to find when you are in module 3 - to make everything fast.
Only after you join a brokerage, the MREA will qualify and give you your Real Estate Salesperson Certification
In Winnipeg, there are many brokerage you can work with, it could be EXP Realty, REMAX or Royal LePage to name a few.
Or you can get your license as a broker and open one to work - you must hold your real estate sale license for at least two years, have complete the courses Real Property Law, and Principles of Appraisal.
With each brokerage, there will be different programs, fees, rules, annual fees and different ways of operation. You must visit your intended brokerage website or contact them directly to get more information about it.
Another cool thing is you can work as a team. Meaning in a brokerage if any realtor is super busy to do an open house, show home for their clients, you can ask to work with that agent and share the profits.
Only after you join a brokerage, the MREA will qualify and give you your Real Estate Salesperson Certification
In Winnipeg, there are many brokerage you can work with, it could be EXP Realty, REMAX or Royal LePage to name a few.
Or you can get your license as a broker and open one to work - you must hold your real estate sale license for at least two years, have complete the courses Real Property Law, and Principles of Appraisal.
With each brokerage, there will be different programs, fees, rules, annual fees and different ways of operation. You must visit your intended brokerage website or contact them directly to get more information about it.
Another cool thing is you can work as a team. Meaning in a brokerage if any realtor is super busy to do an open house, show home for their clients, you can ask to work with that agent and share the profits.
Step 4: Apply Manitoba Securities Commission for your license
MSC or Manitoba Securities Commission, a division of the Manitoba Financial Services Agency, is an independent agency of the Government of Manitoba that protects investors and promotes fair and efficient capital markets throughout the province.
You must submit the Application for Registration – Real Estate Salesperson to the MSC within 12 months of completing Module 4.
The reason why you must apply MSC is to register and keep your license and you can renew your license annually. You can learn more about Registration Phase of MSC.
To apply for this step, you must join a brokerage - where they will give you a form and signature, the details about how to proceed and where to apply for it.
You must submit the Application for Registration – Real Estate Salesperson to the MSC within 12 months of completing Module 4.
The reason why you must apply MSC is to register and keep your license and you can renew your license annually. You can learn more about Registration Phase of MSC.
To apply for this step, you must join a brokerage - where they will give you a form and signature, the details about how to proceed and where to apply for it.
step 5: Apply for the local Real Estate Boards for Registration
If you want to work as a real estate agent in Manitoba, you must pay fee to legally work in Manitoba. However, if you move to another province in Canada, you must pay the board fee again.
Same with MSC, you must join a brokerage - where they will give you a form and signature, the details about how to proceed and where to apply for it.
Same with MSC, you must join a brokerage - where they will give you a form and signature, the details about how to proceed and where to apply for it.
Embark on your journey
Source: Andrea Piacquadio / Pexels
After you have completed your learning and pay all the fees, have joined the brokerage. Congratulation, you are now officially to work legally as a real estate agent in Manitoba.
Experience and skillsets are not enough to make you distinguished from other agents. There are also traits and integrity, personality that make a successful real estate agent and actually can help you close a deal.
Here is the 7 signs showing you are a good real estate agent.
When you join a brokerage, they will guide you on how to start your career. As you have already known, you must take good picture with professional outfit (make your own brand) to put on your personal real estate website and name card.
Here is the list of costs of this journey (subject to change):
MREA cost:
Module 1 - $1,370
Module 2 - $1,045
Module 3 - $1,045
Module 4 - $750
MSC fees:
Submit the registration fee of $400
Winnipeg Regional Real Estate Board fees:
Around $2,000
Total cost: $6,610
The above fees are just only an estimated cost for Real Estate Salesperson License and MSC, Board fees. There are many costs revolve around being an real estate agent including Office fees, Advertising Expenses, Broker Fees, Signage and Promotional Fees, etc...
So, after doing some calculations, you know the costs to be a Realtor in Winnipeg. But
Experience and skillsets are not enough to make you distinguished from other agents. There are also traits and integrity, personality that make a successful real estate agent and actually can help you close a deal.
Here is the 7 signs showing you are a good real estate agent.
When you join a brokerage, they will guide you on how to start your career. As you have already known, you must take good picture with professional outfit (make your own brand) to put on your personal real estate website and name card.
Here is the list of costs of this journey (subject to change):
MREA cost:
Module 1 - $1,370
Module 2 - $1,045
Module 3 - $1,045
Module 4 - $750
MSC fees:
Submit the registration fee of $400
Winnipeg Regional Real Estate Board fees:
Around $2,000
Total cost: $6,610
The above fees are just only an estimated cost for Real Estate Salesperson License and MSC, Board fees. There are many costs revolve around being an real estate agent including Office fees, Advertising Expenses, Broker Fees, Signage and Promotional Fees, etc...
So, after doing some calculations, you know the costs to be a Realtor in Winnipeg. But
How much do real estate agent make in Winnipeg ?
To be honest, for the first two years, you income maybe negative or even break-even due to the costs of marketing and few number of clients. But based on Google data, Winnipeg real estate agent annual income is over $100k. This number fluctuates each year.
how to get clients as a real estate agent
pay money for advertising
Real estate agents spend a lot of money to get clients. The best methods for real estate service are SEO marketing, digital marketing. Traditional marketing including benches or billboard are not effective as it was.
To me, in this digital area, I use digital marketing. Because the majority of people find information within 5s on their phone. Some real estate agent also use QR code that link to their home page instead of showing contact information on their name card, a creative idea.
However, no matter what methods you use for marketing whether it is digital or physical (billboard, benches), it can't compete to mouth to mouth advertising.
Because at the end of the day, reference from a human to another human will give you authority, trust, and the most effective way about a product or service.
In addition, if you do not have any authorities or connections, you must work your way up and build your brand over the years, or you have some perks that help clients with most difficult cases that other realtors do not possess and can not handle.
The perks can be several connections with the banks, the best rates or any incentives that make you stand out from the rest.
To me, in this digital area, I use digital marketing. Because the majority of people find information within 5s on their phone. Some real estate agent also use QR code that link to their home page instead of showing contact information on their name card, a creative idea.
However, no matter what methods you use for marketing whether it is digital or physical (billboard, benches), it can't compete to mouth to mouth advertising.
Because at the end of the day, reference from a human to another human will give you authority, trust, and the most effective way about a product or service.
In addition, if you do not have any authorities or connections, you must work your way up and build your brand over the years, or you have some perks that help clients with most difficult cases that other realtors do not possess and can not handle.
The perks can be several connections with the banks, the best rates or any incentives that make you stand out from the rest.
Social Media Marketing
Social media marketing is the first easy step for you to step into digital marketing. You can create Instagram and Facebook page to increase your brand authority.
According to this many resources online, 47% real estate businesses get more leads by using social media.
Sign up your Google My Business to mark your business on Google. Make sure you have a checklist of what to do on Google My Business so you will not make any mistakes.
The reason why you should build your profile on Social Media is to let people know who you are. OF course, when it comes to real estate service, people usually search on Google, not some Instagram or Facebook search.
However, there will be a slim chance they will double check the second time by checking on Instagram. Plus, any real estate home pages should include a social media links, it helps Google to see the consistent of information about you.
Moreover, with social media, you can keep your clients update about new listings, by creating posts, carousels or short videos (which are really favorite and being pushed out a lot to users) in 2022 so you can reach up to many people.
Here is a way you can modernize your listing by using Social Media and Canva.
According to this many resources online, 47% real estate businesses get more leads by using social media.
Sign up your Google My Business to mark your business on Google. Make sure you have a checklist of what to do on Google My Business so you will not make any mistakes.
The reason why you should build your profile on Social Media is to let people know who you are. OF course, when it comes to real estate service, people usually search on Google, not some Instagram or Facebook search.
However, there will be a slim chance they will double check the second time by checking on Instagram. Plus, any real estate home pages should include a social media links, it helps Google to see the consistent of information about you.
Moreover, with social media, you can keep your clients update about new listings, by creating posts, carousels or short videos (which are really favorite and being pushed out a lot to users) in 2022 so you can reach up to many people.
Here is a way you can modernize your listing by using Social Media and Canva.
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Source: Canva
paid advertising
Many realtor or real estate team pay a huge amount of money to be on the first search result of Google for a targeted keyword.
This method works but it is costly, as you will pay Google per click when ever they click on your website, and CPC (cost per click) of some keywords could be up to $1 per click. So you should be carefully when doing this kind of advertising.
Getting people land in your website is one thing, if people interest they will contact you, that is the second thing which is completely depends on clients.
This method works but it is costly, as you will pay Google per click when ever they click on your website, and CPC (cost per click) of some keywords could be up to $1 per click. So you should be carefully when doing this kind of advertising.
Getting people land in your website is one thing, if people interest they will contact you, that is the second thing which is completely depends on clients.
SEO advertising
SEO is a form of marketing related to searching on Google. This method will help you gain consistent flow of traffics, visits to your website without spending too much on Google Ads.
SEO helps your website to be the top search result for a targeted keyword. Which is really important when you want more leads and for new real estate agents to get noticed
There are many type of advertising and guides out there for you to research on. The above information I shared about based on the experience I have gathered on my real estate journey.
SEO helps your website to be the top search result for a targeted keyword. Which is really important when you want more leads and for new real estate agents to get noticed
There are many type of advertising and guides out there for you to research on. The above information I shared about based on the experience I have gathered on my real estate journey.
real estate agent jobs
In real life practice, there are many jobs that a real estate agent can do which are:
You may already have an idea of what area of real estate you want to work in, but there are many avenues available:
- Residential: You will work clients to find residential property and cater their demands.
- Commercial: Assisting customers with commercial, industrial, retail, or multi-residential property purchases, sales, or leases.
- Real estate appraisers: An agent whose specialty is appraise and inspect property.
- Property management: Manage the property for clients, including legal documents and finding tenants.
- Property development: Encompassing activities that range from the renovation and re-lease of existing buildings to the purchase of raw land and the sale of developed land or parcels to others.
- Financing and urban planning: Anything related to urban levels.
As a licensed real estate agents: You are capable of taking on residential and commercial property.
Other area such as appraisal, management, development and urban planning must be trained and have license to practice.
You may already have an idea of what area of real estate you want to work in, but there are many avenues available:
- Residential: You will work clients to find residential property and cater their demands.
- Commercial: Assisting customers with commercial, industrial, retail, or multi-residential property purchases, sales, or leases.
- Real estate appraisers: An agent whose specialty is appraise and inspect property.
- Property management: Manage the property for clients, including legal documents and finding tenants.
- Property development: Encompassing activities that range from the renovation and re-lease of existing buildings to the purchase of raw land and the sale of developed land or parcels to others.
- Financing and urban planning: Anything related to urban levels.
As a licensed real estate agents: You are capable of taking on residential and commercial property.
Other area such as appraisal, management, development and urban planning must be trained and have license to practice.
what does real estate agent do?
A typical day in life of a real estate agent has many tasks to do: lead generation, administrative and fields tasks.
Lead generations: To obtain more clients is one of the most important task of a real estate agent. On average day when there are no clients, an agent will usually improve their knowledge and try to capture more leads. It could be through social media and paid advertisings.
Search property listings and property evaluation: When real estates are assigned with a respective properties, they will usually do open houses and check the property's value.
Administrative tasks: Answer emails, meeting with the team or brokerage, marketing, make schedules and house appraisal.
But at the end of the day, real estate agents are the one who acts as a communicator between buyers and sellers and representatives.
Lead generations: To obtain more clients is one of the most important task of a real estate agent. On average day when there are no clients, an agent will usually improve their knowledge and try to capture more leads. It could be through social media and paid advertisings.
Search property listings and property evaluation: When real estates are assigned with a respective properties, they will usually do open houses and check the property's value.
Administrative tasks: Answer emails, meeting with the team or brokerage, marketing, make schedules and house appraisal.
But at the end of the day, real estate agents are the one who acts as a communicator between buyers and sellers and representatives.
Real Estate Agent Salary Winnipeg
According to Indeed, Glassdoor and many different annual salary tracking income source online. We have found that a real estate agent annual salary ranges from $60,000 (on average) to $100,000 (professionals). With new agents, it is difficult to get this number as you will be lacking of clients when graduated.
But take into consideration the cons of it. There are some fees that you have to pay annually including license fee, board fees, or table fees.
But take into consideration the cons of it. There are some fees that you have to pay annually including license fee, board fees, or table fees.