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Real Estate Mentors

Real estate mentors?

When one joins a prominent real estate organization is a progressive area it is likely that he/she will be faced with the decision to either take advantage of a mentor or to forego this opportunity. A mentor program, for those do not know, is when a newer agent essentially hires an experienced agent to "lead the way". In other words for the giving of time and knowledge the experienced agent will recve 10% of the newer agent's income on the first 3-5 closings (this is for example purposes only. I realize that every program can be different. This is an example). The concerns are these....what if the 2 personalities to not mesh well? Will the experienced agent have the time? Will the experienced agent make the time? Will the newer agent ask for help? And, the newer agent may not be able to afford to give up 10%.

These are chellenges I hear people discussing in our office daily. Your thoughts?

Peter Kima - Wake Forest Real Estate Agent. Raleigh Real Estate Agent.

www.WelcomeToCarolina.com

Posted by Peter Kima on 06/29/2007 07:54 AM

Comments (2)

real estate mentor, wake forest real estate agent, raleigh real estate agent

2 Comments on Real Estate Mentors

JUN

2007

if you're going to have a mentor, which if you're new i think is a great idea, you need to resolve the issues you mentioned in the interviewing process. don't be bashful, you are paying for this service. lay the groundwork according to both of your expectations.

then use your mentors skills to the best of your abilities. remember though if you're looking for someone who is perfect, that person doesn't exist.

I work with a top 10 agent in Illinois. She wants to be a mentor but questions whether or not she'd have the ability to devote the time necessary in order to help the other person to achieve success....

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