5 Must Have Business Partnerships for Realtors

As a real estate agent, your clients trust you because of your expertise. However, you can’t offer everyone everything. That’s where key business partnerships come in. By having even just one good business partnership, you’ll be able to grow your business.

1. Other Real Estate Agents

Real estate is a very competitive profession, and it has the potential to breed unprofessional behavior. However, it’s crucial to be on good terms with your competitors.

With this type of relationship, you’ll be able to learn and improve your business.

Also, building a business partnership with other real estate agents in different cities can be very helpful. If you have a client who is looking for a home in a different city, you can refer them to these distant agents. If this business partner has a client looking for a home in your city, they can refer them to you.

2. Home Service Providers

As your clients are moving into their new homes, they might ask you about services like plumbing, electricity, painting, landscaping, and construction.

A business partnership with these service providers allows you to send business their way and for them to send business your way.

3. Loan Officers & Mortgage Brokers

Buying or selling a home is a major financial decision. Having loan officers and mortgage brokers you can refer your clients to proves to be an asset for both of your businesses. This allows you both to grow within your community.

4. Legal Professionals

A business partnership with lawyers can be extremely useful. Particular lawyers, like those who practice divorce law and estate planning or elderly law, will know people who are trying to move. 

For example, those going through a divorce will be looking for a new home. Also, people who are finalizing their will or estate will most likely be looking to downsize their property.

5. Moving & Storage Companies

As people are moving in and out of homes, they need help either moving or storing their stuff. Having reliable moving and storage company partners will only increase your credibility and your business.

Having a valuable business partnership will only help you. Add these connections to your network so you can start increasing your real estate sales!

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