How to Become Luxury Real Estate Agent

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If you’ve looked long and hard for ways to be become a luxury real estate agent you probably felt like there’s a special club and you weren’t invited.  Once you peel back the curtain, you realize that there’s really no real special club or how to guide.  Yes, there is that “institute” out there but aside from teaching you about why the supposed rich shop at Costco vs Sam’s club you really aren’t going to learn how to become a luxury real estate agent.    So we decided to discover what does it take to break into this highly profitable niche for would be agents.

How to Become Luxury Real Estate Agent in florida

Luxury In Florida

Know The Luxury Real Estate Market

The beginning of any luxury real estate career is going to be understanding the market.  Luxury homes are “want to” purchases and work different than your average home.  Well, actually, in practice they don’t, they just appear different to the outsider because of the price tag.  The ultra luxury homes $5 Million and over do somewhat operate outside of this but for many, a $1 Million home is a regular home, it’s all a point of reference.  How do you know the point of reference for a luxury market?  You study it.   In Atlanta, anything over $500,000 is consider luxury.   For San Francisco, that’s a starter home, or a brownstone.

Breaking in the luxury market takes time. I suggest investing your time and learning all you can about the market you are targeting.  Go out and experience what the locals do on a daily basis. Find what makes the market unique and why people want to live in that specific area. Don’t be afraid to ask questions. The investment of your time will lead to knowledge and the knowledge you gain will help you for years to come. Reilly McGregor

Network – Who You Do You Know That Lives In a Luxury Neighborhood?

Ask any luxury real estate agent and they will tell you that it’s all about who you know.  That’s one of the oldest pieces of wisdom that you’ll find.  The challenge for most real estate agents is that they don’t actually know any people with luxury homes to have as clients.  Some of the best advice for agents wanting to get into the luxury market is to actually start to ask around for people that live in neighborhoods that you want to sell in.  (Did you think we were going to suggest that you ask them if they are rich?!)  Attend events in the neighborhoods that you want to work.  Befriend the people in the neighborhood.

If you want to break into the luxury market then hang with ‘luxury’ people. Get connected with the people who will be buying or selling these home and ‘show up’. Homes already on the market may need someone to host an Open House. Contact the realtor and see if you can host the Open and then door knock the neighborhood inviting everyone there. Then collect as many names, phone numbers and email addresses as possible and stay in touch often.Stan Jones - Dacula GA Real Estate Agent

Network – What Are You Passionate About That Luxury Clients Are Too?

For some, breaking into luxury real estate is more about knowing who you are and “where  you hang.”  This is beyond just who your circle of friends is, it’s a mindset about the market.  Do you like the finer things, things that are considered luxuries?  There are people that share those interests!  This isn’t a shocker.

How to Become Luxury Real Estate Agent

Luxury Real Estate In North Carolina

Example.  Let’s say you love wine.  You’re a junior Sommelier.  Chances are really, really good that there’s a ton of people that love wine that you could be friends.  However, only a few want to learn the fine art of tasting wines.  You could join a Wine tasting or wine club and begin to network with a group around a passion.   Sommelier’s aren’t always luxury clients, but if you’re wanting to break into luxury real estate as an agent you are likely going to be doing the same activities that they do.

Remember, people are people everywhere.  Ron Armstrong adds, “Luxury is a lifestyle, not a price point.”

I began in luxury as a direct result of my friends telling me that I am Cosmopolitan and I should work with like minded folks. I appreciate the finer things in life and world travel and should not be working with first time buyers or short sales, etc….this sort of idea…that I was raised in Europe perpetuated this mystique and I was hired on the spot yesterday by a woman selling several homes simply due to my bio. </ br> <strong>That I am well dressed in a hippie town also helps.</strong>Ron Armstrong

Network – Where You Give

How to Become Luxury Real Estate Agent in georgia

ULTRA Luxury Real Etstate In Georgia

You should be sensing a theme here.  It’s about who you know.  One of the best ways to break into the luxury market is to be a giver.  Givers attract others to them, naturally.  In particular, if you join an organization around a cause chances are you’ll come into contact with luxury real estate clients.  The reason is that most people that have a modicrum of success realize that it’s a bit meaningless without giving and are often a part of organization that gives back.  Kind of piggybacking on the point above.

So it should be clear by now, How to Become Luxury Real Estate Agent? – by getting to know more people.  It’s all about relationships!

So, How to Become Luxury Real Estate Agent? – > Hustle

You’re searching for How to Become Luxury Real Estate Agent and you might get this and you might not, but you got to bring your “A” game.  Excellent people are attracted to other excellent people.   People with successful businesses don’t want to hang out with those that aren’t successful.  It’s not that they don’t like them, it’s just that they “feel” different.  It’s like a different setting for life for them.   You need to be a master of the market and the relationship to become a luxury real estate agent.   It’s not about a special marketing (although doing videos like the one below is a great start), it’s going to be about you getting into relationship with people and showing them how excellent you are.

how to become a luxury real estate agent

Luxury Real Estate in Minnesota

A Word About Presentation

Want more advice… Did you catch Ron’s Quote?  He dresses the part and executes on it.  I’m not a big fan of “fake it till you make it,” however if you want to break into the true luxury niche you need to dress, act and look the part.   If you can’t afford to dress like the wealthy, then at least get similar designs.   Simple things like paying attention to the cleanliness of your shoes.  Are you well manicured?  Doing little things like this doesn’t cost a fortune.  I’ve never had a luxury real estate agent I’ve known tell me they lost a listing because they were wearing a $300 Boliva watch vs a Rolex.

Conclusion: How to Become Luxury Real Estate Agent

It’s not about things, it’s about carrying yourself with the luxury mindset.   If you liked this article, pin it. 

How to become a luxury real estate agent

 

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