Financial Foundations

The Financial Foundations course takes a deep dive into managing your financial portfolio, including reviewing accounting and bookkeeping practices and planning for long-term financial health. You will learn how to develop financial forecasts, explore different financing options, and create strategies to prepare for unexpected events and financial emergencies. These essential skills will help you strengthen your decision-making and support the growth and sustainability of your real estate business.

By the end of this course, you will be able to:

·       Compare business structures and identify the start-up costs and financing needs of a real estate sales business.

·       Apply strategies to manage irregular commission income, emergency reserves, business expenses, taxes, and financial records.

·       Develop and interpret financial projections and an annual budget to support business planning and cash flow management.

·       Identify and assess business risks, select appropriate mitigation strategies, and evaluate insurance needs.

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