I became a licensed real estate sales representative in the Province of Ontario July 5th, 2006 and here it is a year later and I'm reflecting on the experience. I've had the highs as well as the lows but damn I'm having fun. Now after this first year I feel I can offer some advice to others starting out in this business.

Here are some tips, in no particular order, that might help other newbie's:

  • A signed Buyer's Representation Agreement is more critical to your existence than the air your breathe. At least you feel that way when those Buyers you've shown 20+ homes to decide to buy through another REALTORĀ®.
  • Clients don't grow on trees, you have to work hard to get them.
  • Expose yourself (no not that way) to as much training as possible.
  • Cultivate your contacts like a bountiful garden - but don't forget to pull the weeds.
  • Quickly understand some of the descriptive text that fellow REALTORSĀ® use. That cozy 2 bedroom is no bigger than that tree house you built as a kid while that handyman's special is nothing that a match couldn't fix (now I'm not condoning anything).
  • Fancy listing presentations mean nothing if you come across as a sixteen year old taking your driver's road test for the first time. Sellers want a show of confidence.
  • Don't be afraid to ask questions when you're not sure. You'll sleep better at night.
  • And finally what I believe is most important. Relax and be yourself. If you are an effective, honest and professional person you will do well regardless of your experience. Most clients appreciate those characteristics.
Proudly selling Quinte Real Estate.
 

8 Comments on My First Year in Reflection - Tips for Other Newbies

AUG
12
2007

Wayne,

Excellent post. I like the garden analogy.

Best of luck troughout year 2.

Dave

11:39am • #1
2 Featured Posts

Wayne,

Spoken like a pro... You've obviously learned a lot in your first year. I learned my lesson concerning buyer brokerage agreements in my second month after losing out on a $400K deal in 2001... Never again! Great tips for anybody no matter how many years they've been in the real estate business!

11:40am • #2
100,154 Points 1 Featured Post
Wonderful post!  Thanks for the words of wisdom.
11:44am • #3

Nicely written. I would add to keep your eye on the market and do not be afraid to change your approach and shift with the market opportunity.  There is opportunity in every market and making sure that you shift your approach with that opportunity will keep you in this business for years to come.  It can be scary but if you remember that saying "if your doing business the same way you were doing business last year, you'll be out of business next year", you position in your marketplace will be solidified.

It's clear that the same approach won't work in every market.  Keep your eyes on the big picture. 

11:52am • #4
104,117 Points 5 Featured Posts Outside Blog
Well said. You are a Newbie no more.
11:58am • #5
581,082 Points 95 Featured Posts Localism Sponsor Outside Blog Hit Router
Only a year in the business, Wow, Wayne I'm impressed.
12:10pm • #6
Nice post.  I think it's easy to forget to work on the people that you already know vs. reinventing the wheel.  It reminds me of the balance that is necessary to do both.  Also, being honest with yourself with regard to 'weeds.'  It's easy to spin your wheels with people that you know in your gut are a waste of time but make you feel 'busy.'
2:16pm • #7
AUG
20
2007
Congrats Wayne!  You come across as a pro, irrespective of time in the business.   Still working on client wanting to retire to Quinte.
Hilary
11:25am • #8

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Wayne McMullan Quinte Real Estate

Belleville, ON

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Royal LePage ProAlliance Realty

Address: 354 Front Street, Belleville, Ontario, K8N 2Z9

Office Phone: (613) 966-6060 x 239

Cell Phone: (613) 969-7650

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