Are you a new real estate agent looking for guidance on the basics of open house and listing signage? In this Agent Renovation lesson, we will provide you with the essential knowledge and resources to get started.

3 Key Takeaways:

1. Inventory Management: When starting as a new agent, it's important to manage your resources well, including your time, energy, and money. Only invest in the essential signage you need, such as open house and listing signs, to get started.
2. Signage Importance: Signage is crucial for advertisement and leverage in real estate. Open house signs should always be large, and you should have at least 8-10 of them. When it comes to hanging signs, you'll need both For Sale and Condo Board signs in your arsenal, with at least 3-4 of each.
3. Planning Ahead: Always order enough signs ahead of time, as it can be embarrassing to not have any on hand when you finally get a coveted listing. Additionally, program yourself to expect new listings and prepare accordingly.

Example 1:

Open House Signs: Large, clear, and readable open house signs are essential to attract potential buyers and advertise the property. A new agent should have at least 8-10 of these signs in their inventory.

Example 2:

Hanging Signs: Detached homes require a For Sale hanging sign, while condos and townhomes require a Condo Board sign. New agents should have at least 3-4 of each hanging sign in their inventory, with more required if they are following a concrete plan to take over their farming zone.

Definitions:

1. Inventory Management: The process of efficiently managing the resources and assets of a business, including money, time, and energy.
2. Signage: Signs or visual graphics used to convey information or advertise a property or business.
3. Farming Zone: A specific geographic area that an agent focuses their marketing and sales efforts on to develop a strong client base.

If you're looking for more in-depth training and guidance on how to succeed as a real estate agent, sign up for our Door Knocking Master Class for Realtors. Our class provides an interactive and comprehensive learning experience to help you elevate your game and reach your full potential.