How to Become Your Own Boss as a Broker

Finding a fulfilling and lucrative career path is the ultimate goal for many professionals in the corporate world—and understandably so. Working at your own pace, having more flexibility with your career goals, and still earning good money and enjoying some personal time are what mostly define a positive work-life balance.

So if you have ever thought of being your own boss at some point in your corporate trajectory, trust that you are not alone. And if you are looking for a career that can open the door to making that goal attainable, being a luxury real estate broker is one of the best choices there is.

Many job positions in the salesforce, particularly being a broker in the luxury residential real estate and commercial real estate industries, offer a dynamic work environment. Dynamic working can mean different things for every company. For others, it means remote work or a hybrid setup. For some, it could mean operating on flexible hours.

In Brittany Corporation, it’s the combination of both. Whichever the case, such flexibility gives professionals more freedom in handling their work hours, meeting their sales goals, and taking care of their wellbeing, compared to the conventional nine-to-five schedule. In short, they become their own boss.

Sounds promising? Read on to know more about the key strategies that will guide you in making this shift as a real estate broker for Brittany Corporation.

But First, What Does it Take to Be Your Own Boss?

Being your own boss is not an overnight process. There is no standard formula that everyone should follow to succeed. But just like any other major career move, being your own boss requires the right mindset, financing, and dedication. Here are some guiding steps you can take to start in the right direction.

Identify what you want to do.

The path to being your own boss starts with one question: what do you want to do? Narrowing down the list of options you have in mind could be overwhelming, so it is best to start by assessing your strengths and weaknesses.

Business-minded people typically consider taking the entrepreneurial path to produce income. That could be selling solutions to current or future market demands or manufacturing your own product.

But if starting a business isn’t for you, consider monetizing your passion and strengths instead. For example, using your salesforce skills and corporate knowledge to be a real property broker or a mortgage broker is a promising choice. Certified and licensed brokers can become their own bosses by running their own brokerage offices.

Another direction they can take is building a property management company. It is a third party that handles rent and administration of rental commercial real estate or residential real estate properties between the personal property owner and tenants.

Find Your Ideal Market and Clients

Demand is what fuels a sale. Once you identify what you want to do, see if it’s profitable by checking the market demand. A few tangents to touch upon are:

• Who is the target market?
• Is the market big enough to produce income?
• How much income do professionals in this field typically generate? 
• Who are your competitors and what can you do better than what they currently offer?

The good thing about pursuing a career in brokerage, or selling luxury properties in general, is stability. Despite rising sales prices, unpredictable economic growth, and other global market conditions, the real estate industry remains resilient. There is a continuous demand for commodities like houses, vacant land, buildings, luxury properties, and other real estate investments.

Naturally, the need for real estate professionals continues to rise too, as homeowners seek assistance when they look for a new home, purchase a luxury house and lot for sale, or relocate.

Build a Budget Plan

Money is an essential aspect of planning to become your own boss. If you are a real estate agent that is transitioning to being a broker, you will need to invest in building your professional qualifications. That includes taking a Bachelor of Science in Real Estate Management (BS REM) course and applying for required licensures and certifications. Meanwhile, building an independent brokerage firm requires starting capital.

Think of branding costs (e.g., logo, corporate website, business cards, etc.), hiring costs for your team, working space rent, Securities and Exchange Commission (SEC) registration, and other operating expenses. It is best to calculate your estimated business expenses for the first six months to a year. When doing so, don’t forget to consider your cost of living. Being your own boss should not be damaging to your financial well-being.

Taking all of these into consideration will give you a clear idea of the estimated costs you need to run your business and help you find financing opportunities if needed.

Be Your Own Boss by Being a Luxury Real Estate Broker for Brittany Corporation.

Now that you know the skills, investment, and overall preparation you need to become your own boss as a broker, the next step is exploring how to thrive on that career path. As mentioned earlier, one of the critical foundations of being a broker or starting your own brokerage business is knowing your market well.

The commercial and residential real estate industry is a rich sector consisting of various properties, from starter homes or townhouses to luxury condo units and various types of luxury house and lot for sale. Understanding the type of consumer profile for each one sets the foundation for converting potential clients to buyers.

The affluent market, for instance, is made up of a small yet active client pool that has distinct market characteristics. If it’s a market you want to break into, partnering with the right real estate developers that understand the elite is the best strategy. Brittany Corporation provides upscale luxury house and lot for sale that fulfills the needs of the affluent few: opulence, leisure, wellness, and security. A prime example is Vista Alabang.

The exclusive enclave offers Italian-inspired single-family homes and luxury mansions near the commercial estates of Alabang. Its proximity to business districts like Metro Manila and Makati is appealing to affluent investors as well.

However, Brittany Corporation also understands that with remote work opportunities, rural developments, and access to vacation destinations, luxury living is no longer concentrated in the big cities. That said, the demand for luxury properties in suburban regions is rising. The Swiss-themed luxury condo units in Crosswinds Tagaytay, for instance, are the perfect investment for those who are looking for urbanized high-rise living amidst nature and a vacation hotspot like Tagaytay. Each luxury condo unit showcases the best of traditional Swiss chalet architecture without compromising on modern comforts.

The Bottomline

Being your own boss is a leap of faith that requires a clear plan and vision. Often, it takes a process of trial and error to gain traction in the already competitive luxury real estate industry. The good news? You don’t have to take this journey alone—being your own boss also means getting the support that you need to succeed.

Joining Brittany Corporation’s A-List Brokers opens your door to selling high-valued properties to successfully tap the affluent market, all while honing your skills with top-notch training programs on top of generous commissions and career growth opportunities.

Ready to be your own boss and join Brittany’s top-caliber roster of business partners? Check out Brittany’s Brokers and Sellers Accreditation here. Take a virtual tour here of Brittany’s luxury real estate properties, take a virtual tour here.