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Find a Mentor that will teach you One on One

By
Real Estate Broker/Owner with CastNet Realty TREC#263257

If you are new to real estate and have a burning desire to learn how to be effective and start making money quickly, find a mentor that will teach you one on one.  Follow that person around like a puppy dog and listen to all that they say and do.  Be their shadow.  If a picture is worth a thousand words, how much more effective is teaching when it is on the job instead of in the classroom.

I enjoy teaching my agents like this.  I give lots of lecture time but the actual  experience of being in the room when a listing presentation is done and the documents are signed is invaluable.  It makes all the words make sense and suddenly new agents realize how it is all put together.

The best thing for me is seeing the new agents succeed.  I can tell when the lightbulb has come on and they are ready to jump out there alone.  They always know they have a safe place to retreat to if they come upon obstacles they cannot handle yet.

A teaching broker is worth much to the new recruit.  This can save you years of fumbling and wasted time.  Many brokers in large firms do not have the time to train new agents one on one and neither do the trainers in the large franchise offices.  An experienced salesperson can do the same for you.  Their knowledge may not be as deep or varied but this will help if you are in a large office and the broker cannot teach you individually.

For those of you in small offices, this can be a benefit that can take you far in this business.  So, dont feel like you are not getting as much from your office as agents in large offices.  You may be getting more!

Ricki Eichler Real Estate, your Texas Hill Country connection                    www.reretx.com

511 Junction Hwy                             Kerrville, TX  78028                        (830)257-2520

Ritu Desai 703-625-4949
Samson Properties - Chantilly, VA
Northern Virginia,Washington DC & Maryland Realtor

Excellent point!! I was trained first hand by my broker, since we have grown much larger he has created virtual training but he is always around to get any help!!

Feb 09, 2010 06:14 AM
Will Goodson
Sheffield Properties/Private Label Realty - Austin, TX

Great advice, Ricki.  That is what I tell anyone who is considering getting in the business.  It was not the route I took initially, but I'm now on a great team.  My business partners help share their experiences and provide invaluable knowledge.  Btw, my family use to own a home in Hunt, TX.  I spend many summers around Kerrville.  There are few places better in my book!  I still shed a tear from time to time thinking of the Tortilla Factory :)

Feb 09, 2010 06:20 AM
Clark Hitchcock
Re/Max Nyda Realty Inc - Chilliwack, BC
Realtor - Fraser Valley

When i started I was supposed to have a mento, well this did not work at all, he told me that he is at the office from 7:30 - 8:00 am so if i had any questions that is when I should ask him. then when i did try he was to busy visiting with another reatlor most of the time. So after a few days of that I just stopped the charade. The broker would show up from 10-12 and was to busy to talk with. So I switched offices there I found other realtors who would answer all my questions but no one to walk beside. Now when a newby asks me questions I always want to walk with them as much as possible. Like all businesses now the bottom line is watched so closely that the people aspect is lost. A mentor on staff would be the best investment a broker could make. i believe it would show in him or her market share in a hurry.

Feb 09, 2010 08:39 AM
Nick Exarhos
National Realty Centers - Livonia, MI

New agents need to be apprentices. Work under an experinced agent until they can go out on their own. Most people are not willing to do that and give most of the commission to the mentor. They don't realize they know nothing.

Feb 09, 2010 11:14 AM
Ricki Eichler McCallum
CastNet Realty - Corpus Christi, TX
Broker,GRI,ABR, e-Pro, TAHS

Hi Michael,  Managers and brokers should take that responsibility.  Unfortunately, many do not.

Briddick,   Obviously, someone who knows what they are doing is most important but that said, you must have someone who will give you the time you need and the instruction without strings attached. Just picking an agent that has no stake in your success may not be that helpful.

Right RJ,  That was not time wasted for sure.

Yes Nicholas,  You are right the advice is priceless.

Hi John,  Live is always better than classroom!

Hi Stephen,  You are giving out some good advice!

Hi Dana,  It will be important for you to do this in your own brokerage.  It will take your time up but it is so worth it in the end.  You will have successful agents and your brokerage will thrive.

Hi Ted,   If it wasn't hard, you wouldn't be learning.  So hang in there!

 

Feb 09, 2010 12:59 PM
An Marshall
Berkshire Hathaway - St. Augustine - Saint Augustine, FL
Your St Augustine Real Estate Consultant

I appreciate your commitment to mentorship - so important in this world that we give back.  Thank you for your generosity of spirit.

Feb 09, 2010 01:08 PM
Ricki Eichler McCallum
CastNet Realty - Corpus Christi, TX
Broker,GRI,ABR, e-Pro, TAHS

James,  I do too, in every area of our lives.

Ruthmarie,  You are right. There are training programs and then there is one on one. Nothing takes the place of one on one in my opinion. I talked to a new agent recently that decided to go with a large franchise company. This agent expects to get much more training than they are going to get. I know this for sure.  I hated to see them make such a bad mistake, they have real potential.

Ritu,  You are fortunate to get such training and having the broker around to ask for help is awesome.

Hi Will,  Next time you are in Kerrville, please come by our office.  Would love to meet you.

Hi Clark,  I think you are right about the market share.  Brokers should consider this but many do not.  Glad you found a better place and you understand what it feels like for a new agent and you are willing to help.  That is commendable.

Hi Nick,  Just getting a license is not getting an education.  They need to be taught from there on.

 

Feb 09, 2010 01:09 PM
Charles Stallions
Charles Stallions Real Estate Services - Pensacola, FL
850-476-4494 - Pensacola, Pace or Gulf Breeze, Fl.

Ricki you have certainly put together a wonderful post and very thought provoking. I work with all my newbies for the first week, they take no office calls with out working with me for a day on floor time. We have a team of six and each one goes out with newbies as a buyer and the newbie will then work side by side with a BA for 3 buyer side transactions before going out on their own. Did I mention our Lawyer/ closer teaches each newbie how to write a contract as part of the Lawyer getting our business.

Feb 09, 2010 01:15 PM
Carin Arrigo-Zimmer
TopBroker Network Real Estate - Orange, CA
TopBroker Network Real Estate

Ricki, I think the concept of mentoring has sadly been forgotten for companies other than real estate as well. A friend of mine, who works at a big corporation, recently told me a story, wherein, he was to give a presentation to a client. The young just-right-out-of-college adults who were assisting my friend, did little homework before the presentation and had no idea what the clients' business was. My friend, who hadn't met these new employees before that day, admitted how fortunate he was to have mentors in the beginning of his career.

I commend you for knowing the difference and appreciate your desire to give back. Says a lot about your character. Keep up the great work! Nice post...

Feb 09, 2010 01:27 PM
Ricki Eichler McCallum
CastNet Realty - Corpus Christi, TX
Broker,GRI,ABR, e-Pro, TAHS

Hi Charles,  Some good training going on there and I love the Lawyer teaching the newbies how to write the contracts.  Good going!

Hi Carin,  Thank you so much for your comments. I appreciate it very much.  I am not afraid to teach people what I know, I love to.  After all, someone taught me! :)

Feb 09, 2010 01:51 PM
Gregory Bain
Mezzina Real Estate & Insurance - Little Egg Harbor, NJ
For Homes on the Jersey Shore

You sound like a great BROKER. I for one am sick and tired of all this talk about raising the bar for agents. The BROKER is responsible for everything the agent does or does not do. The BROKER hires you to represent his company and it is his duty to make sure you do it correctly. If he or the office manager does not have the time to do the training then they are responsible to compensate the other agents that give their time to "mentor" the new agent. IMHO.

Feb 09, 2010 01:58 PM
Ricki Eichler McCallum
CastNet Realty - Corpus Christi, TX
Broker,GRI,ABR, e-Pro, TAHS

Thank you Gregory,  You are absolutely correct.  The brokers can raise the bar by teaching their agents and holding them accountable.  Other agents should not have to mentor and not be compensated either.  I need a few more agents.  Anyone need a job in the beautiful Texas Hill Country?

Feb 09, 2010 02:07 PM
Tom Bailey
Margaret Rudd & Associates Inc. - Oak Island, NC

As a rookie agent you are so right. I work in a very small office where the broker owner is doing this for me. AR with all the great people who post and comment has become a great training tool for me.

Feb 09, 2010 02:21 PM
Ricki Eichler McCallum
CastNet Realty - Corpus Christi, TX
Broker,GRI,ABR, e-Pro, TAHS

Hi Tom,  Glad you are benefiting from a broker like this and AR is such a big help too!

Feb 09, 2010 02:25 PM
Christine Donovan
Donovan Blatt Realty - Costa Mesa, CA
Broker/Attorney 714-319-9751 DRE01267479 - Costa M

I think this is a great idea and a great way for boutique brokerages to distinguish themselves from the larger offices.

Feb 09, 2010 03:18 PM
Cheryl Ritchie
RE/MAX Leading Edge www.GoldenResults.com - Huntingtown, MD
Southern Maryland 301-980-7566

I love your header for your blog. Very happy photo when we have been deluged with snow in the DC area for  several days!

Feb 09, 2010 09:18 PM
Andrew Monaghan
The Monaghan Group - Glendale, AZ
CRS, GRI, EPro Associate Broker

I enjoy mentoring agents, i love helping them find themselves in the Real Estate world.

Feb 10, 2010 02:13 AM
Karen Anne Stone
New Home Hunters of Fort Worth and Tarrant County - Fort Worth, TX
Fort Worth Real Estate

Ricki:  What an awesome post... and, of course, it was written by an awesome lady.  I have always liked your style... and here is another reason why so many others do, as well.  Thanks for a great post.

I have always enjoyed "mentoring" other agents... but I do have an advantage.  When I lived in the Cleveland area... I actually lived in the city of Mentor for ten years.  Which means... I am a mentor from Mentor.  :)

Feb 10, 2010 03:22 AM
Li Read
Sea to Sky Premier Properties (Salt Spring) - Salt Spring Island, BC
Caring expertise...knowledge for you!

We all get to where we are in life because of the generosity of those who "mentored" us (even if we didn't call it that).    We don't usually get to thank that person or persons, directly, and so to pass along the gift of "how it's done" is a way to "pay it back".    Nice post!

Feb 10, 2010 03:38 AM
Ricki Eichler McCallum
CastNet Realty - Corpus Christi, TX
Broker,GRI,ABR, e-Pro, TAHS

Hi Christine,  Yes, this is one of many reasons to consider going with a smaller office.

Hi Cheryl,  So sorry to hear about all that snow and bad weather there.  Stay warm!

Hi Andrew, Isn't it a great feeling to know you have helped someone to learn how to be successful!

Hi Karen Anne,  "A mentor from Mentor"  I love it!!!! :)  You are an awesome lady too!

Sea to Sky,   Paying it back, so important for all of us on both sides. :)

 

Feb 11, 2010 08:30 AM