If you just got yourself a real estate license after passing the exam we'd like to congratulate you! We know it's not easy taking and passing the real estate license exam. Now that you have a real estate license and can officially call yourself a real estate agent you're probably anxious to get out there and sell some condos or help clients buy their dream home.
If you're a real estate agent who's new to the city of Toronto then there is some information you're going to need to know about before you get your hands dirty and dive right into the real estate market. We don't want you to start showing properties until you know everything there is to know about the real estate market.
That includes being up-to-date on the market conditions in Toronto, what the average listing prices for all types of real estate properties are, what the interest rate a mortgage company in Canada is charging, what the latest design trends are, and information about all neighbourhoods such as where the nearest school is, what the crime rate is, and how far the commute to downtown Toronto is, just to name a few.
You need to know this information because the potential clients you will be one day helping to sell homes need to know that information about Toronto and the local market. They don't know any of it, more than likely, and that means they will rely on you to relay that information to them. If, during a meeting, they ask you a question and you don't know the answer they'll be less than confident in your real estate agent skills and 0hire someone else.
A great resource that you should consult on a regular basis that will give you information about the city and the local real estate market is the Toronto Real Estate Board. They even have a handy website you can go to so that you are always a click of the mouse away from being updated on the Toronto real estate market. Or, you can find a veteran agent to mentor you and show you the ropes until you're ready to go out on your own. Either way, you need to know everything that needs to be known about the market so that you can help your potential clients with their transactions. Good luck!