Misconceptions

Misconceptions: Education vs Experience.

Misconceptions: Seasoned vs Inexperienced.

With regards to real estate, sales, consulting, and mortgage lending:

Education vs Experience, education can’t be separated from experience. Education is inexpensive, quick, voluminous, safe, and painless experience acquired vicariously through the literal experiences of others. Experience is the accrued education of one’s lifetime and can never exceed the bearer’s age without formal education. Education allows a student to acquire the experience of another’s life, of many life times. Experience is tactile education! Education protects us and our clients from unnecessary painful and some times fatal experience, but provides us with the value derived from such experience.  

Experience without education can be extremely dangerous in those areas of life that require things to be done right the first time! In real estate it is not necessary to be the most experience to be the best for the job.

On the other hand would you go skydiving with an instructor who knew everything, but had never made a jump? Real estate can be just as scarey as sitting in the doorway of a perfectly good Cessna with one foot on the strut about to jump. One mistake and the real estate can rush up to you and smack you in either scenario. It’s always best to have an educated advisor with some experience.    

Seasoned vs Inexperienced, this is possibly the hardest area for potential clients, for consumers, and fellow real estate people to determine about a possible fiduciary. Seasoning is most often mistaken for accrued time, conographic time has no relevance to real estate experience! We have a saying in real estate about selected people: “They have six months experience many times, over!”  Six months, because that’s about the minimum time required to be a functional illiterate! Many practitioners never grow beyond that point, even worse our market has been so forgiving until recently that some have taken years to reach the six month milestone. In real estate years without practicing simply don’t count.

Now go buy a house!