How To Become A Real Estate Agent In Nigeria (8 Powerful Steps For Success)
Firsthand, I know you’re here because you want to know how to become a real estate agent in Nigeria…
Isn’t it?
Hmm…I guess so!
But you know what?
Stress yourself no more…
Because today marks the start of something big in your life.
It’s no more news that average Nigerians like you make big bucks selling properties and living a La Vida-local lifestyle and you want something exactly like that for yourself.
Look, nothing is impossible.
If any random person can make it big selling real estate in Nigeria, why not you?
And why shouldn’t it be you?
Real estate is a profitable and lucrative industry and there’s no doubt that you can make a fortune just by selling properties.
As of 2022, real estate is valued at $65 Billion, which is a tremendous footprint.
Despite the downturn in the economy, the real estate industry has produced outstanding returns on investment.
This could be owing to a need for a home, which is what real estate is all about.
The need for accommodation and commercial spaces is crazy in cities like Lagos where there is a large population and a thriving economy.
Thus, the easiest way to venture into real estate and enjoy all the fortunes with no money down is by becoming a real estate agent.
It’s no surprise that many people want to know how to become a real estate agent in Nigeria.
There are literally thousands of real estate agents in Nigeria.
And because of this, in order to stand out, you must keep certain things in mind.
This article is fully packed with relevant tips on how to become a real estate agent in Nigeria and succeed in it.
But first,
Who Is A Real Estate Agent?
A real estate agent is an individual who guides prospective homebuyers and investors through the process of investing, acquiring, or selling a property.
Anywhere in the world, real estate agents play an influential role in the growth of the real estate industry.
If you position yourself well as a real estate agent and understand the details of real estate investments, you can be sure of making big daddy money from successful deals.
So without wasting no much time, here are the steps on how to become a real estate agent in Nigeria in 2023.
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1. Research And Do Your Due Diligence
That you are here shows how serious and ready you’re to take charge of your life and that means you’re doing your due diligence.
To become a real estate agent in Nigeria and succeed in it, learning to research is a powerful skill that will help you in the long run.
From learning about the industry to creating reports to finding details of prospective buyers all require research.
And that’s why your number one task is to learn how to research.
See Also: Real Estate Instagram Account: 10 Mind-Blowing Reasons Why You Should Have One?
2. Get A Map To Show You The Way
Now you know how to research, the next thing is finding a mentor to train you.
In anything you want to do in life, your short curve to success is finding someone who has done it and continues to do it.
You need someone to be your guiding map in the Nigerian real estate space.
There are a lot of successful real estate mentors you can walk up to that will be glad to offer you their mentorship.
It might not be free but investing in mentorships will surely help you big time!
If you can’t pay for mentorships, be sure to read real estate agent books, and articles, and also watch youtube videos to at least get you on the right lane.
In the game of life, it’s hard for you to prosper without having a guiding map and real estate is not an exception.
3. Prepare A Business Plan
Great things start with great plans.
How do you plan to grow your real estate business?
Do you want to sell high-ticket properties or low-ticket ones?
What marketing strategies will you implement to generate quality leads?
How do you plan on funding your business?
These are the questions your business plan should be answering.
Prepare a well-detailed plan on who your target audience is, how much you want to spend on marketing, the type of properties you want to sell, what locations you will focus on, and much more.
The more detailed your plan is the higher your chance of you making it big in selling real estate.
4. Get Your Funding Right
To become a real estate agent in Nigeria means you’re in business and running a business requires funds to grow.
How much are you willing to invest in yourself and your business?
How much do you plan on spending to acquire clients?
Knowing these numbers and getting them sorted out upfront will help you grow quickly as a real estate agent.
Although, when you are starting out as a real estate agent in Nigeria, you don’t necessarily need to spend any money, as you grow you will need to start spending money on things like;
- Website
- Logo
- Business Registration and Licensing
- Social Advertisement
- SMS Marketing
- Business Card
- Good Clothes (You can’t be wearing a polo and jean, it doesn’t sound professional)
- Car (Having your own car at least will save you some unnecessary headaches)
- Office Space etc.
5. Register Your Real Estate Business Name
Do you have a business name?
Is your business registered with the CAC?
Although it is not necessary to register your business when starting out but as you progress and make some success, it is recommended that you register your business.
You don’t want a business that is not professionally backed up…
So, registering your real estate business will position you as a professional and also build trust with your potential clients.
Moreover, registering your business will automatically turn just a side hustle into a business.
6. Develop An Online Presence
In this day and age, the majority of your clients are online and it is necessary for you to be there too.
You need a strong internet presence to position yourself as a trustworthy agent or business owner.
Apart from that, It’s easier to generate leads and get clients online than offline.
Create a professional account on the best social networks, and optimize your profile with good copy, logo, and images.
Also, you need to invest in creating your own personal website where you list all your properties, tell your story, generate leads, and also share educational content with your clients.
There are a lot of things you can do to make sure your online presence game is on an excellent level.
But the most important of them are your social media pages, website, and youtube channel.
WANT TO CREATE A FUNCTIONAL AND MOBILE-FRIENDLY REAL ESTATE WEBSITE THAT GENERATES HIGH-QUALITY LEADS WITHOUT BREAKING THE BANK?
7. Build Your Business Sales Machine
Sales is the lifeblood of your business.
When it stops flowing, everything in your business will also stop flowing.
So, you need to always keep it up and flowing.
What’s your customer journey?
The customer journey is the path prospects take to reach you and ultimately buy from you.
You need to build a sales machine that perpetually, consistently, and continuously rakes in clients for you.
You can hire a professional to do this for you.
But if you’re on a budget, learning how to build one for yourself shouldn’t be difficult.
You can learn on youtube or read books that are related to building sales funnels both online and offline.
See also: 5 Proven Ways To Get Free Real Estate Leads In 2023.
8. Get To Work
Now, everything is set.
You need to get to work and start helping people achieve their dream of owning properties.
In the age of too much information, execution is king.
You’re not the first, there are a lot of people that have researched and read about how to become a real estate agent in Nigeria but never ever take the big step.
Learning is easy but getting to work is how you get results.
So get to work!
See Also: 7 Deadly Real Estate Agent Mistakes And How To Avoid Them.
FAQ On How To Become A Real Estate Agent In Nigeria
What skills are needed to become a real estate agent in Nigeria?
To become a real estate agent in Nigeria you should be skilled in sales, communication, problem-solving, organization, conflict resolution, and time management.
Also, real estate agents should also be strong researchers to stay knowledgeable about market trends.
Is real estate a good career in 2023?
Real estate is a solid career choice in 2023 because it allows you to have control over your schedule, gives you the ability to earn big daddy income, and is considered an in-demand and high-income career.
How long does it take to start making money as a real estate agent?
You can start making money once you help your first client buy or sell a property.
And this could take you just a few days, weeks, months, or even years.
It all depends on how crazy you are willing to sell and help other people get what they want.
Do you need to go to school to be a real estate agent in Nigeria?
While no degree is really required to become a real estate agent in Nigeria, having a good school qualification is a plus.
There are also training and seminars available for new and struggling agents in order to hedge other real estate agents in the industry.
Do you need sales experience to become a real estate agent in Nigeria?
Sales experience is not required to become a real estate agent in Nigeria but it can be extremely beneficial to your business.
Real estate is all about selling and helping, so having some years of experience in sales prior to becoming a real estate agent will help you in your career.
How much does it cost to become a real estate agent in Nigeria?
It costs nothing but your dedication and hard work.
But nevertheless, if you really want to speed up the growth of your career, putting up funds for advertising and lead generation is not a bad idea.
How do you make money as a real estate agent in Nigeria?
Real estate agents get paid commissions, meaning you will get paid any time you help a client buy or sell q property rather than earning a weekly or monthly paycheck.
How often do real estate agents work?
Many real estate agents will often work 5 days a week, sometimes working outside of standard business hours.
Can real estate agents work from home in Nigeria?
Real estate agents can work from home, however, there are parts of their job such as showing properties to prospective buyers and hosting open houses that must be done in person.
Is it hard to become a successful real estate agent in Nigeria?
In order to become a real estate agent in Nigeria and succeed at it, you must put in the hard work and dedication to your business.
Successful real estate agents are great at marketing themselves, making their properties attractive to buyers, and quickly drawing up offers for buyers.
See also: 12 Crazy Ways To Market Yourself Online As A Real Estate Agent In Nigeria.
What are the pros and cons of being a real estate agent in Nigeria?
Pros to being a real estate agent: You can choose your own flexible schedule, you get to help others find homes, and you have the ability to earn unlimited income.
The Cons: Your hours may be dictated by client needs, the closing period can be stressful for your buyers, and you do not have a safety net if the market slows down.
Conclusion On How To Become A Real Estate Agent In Nigeria
It’s easy to become a real estate agent in Nigeria by following the tips discussed in this article.
Researching and being in continuous learning mode separate successful agents from unsuccessful ones.
At Realtybox NG, we will provide you with resources and vital information that would help you make the right choices to kickstart, scale, and grow your real estate career or business.
If you have any issue relating to how to become a real estate agent in Nigeria or you want to grow your real estate business…
Kindly drop your question or opinion in the comment session below.
Read more: 5 Murdering Challenges that Every Real Estate Agent Faces When Selling a Property.
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