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How to look like an experienced agent, even if you're new

By
Services for Real Estate Pros with Drake Intel Group

Professional Real Estate AgentJust because you're new, doesn't mean you have to look it.

When I was starting out, I showed amazing confidence and was never once asked how much experience I had. But to have confidence, you need to have knowledge.

Know your market

Preview everything in your area. Go on tours or go on your own--just preview. Don't just preview your own office's listings, but preview other listings as well. If your town is big, just focus on a small section. Previewing around where you live is key, and I will explain more about why in a bit. 

Hot Sheets

Read them daily. Know what home prices actually go under contract and what prices end up expired. What is the average DOM or price per sq. ft? If someone asks you what homes are selling for in say, Blue Jupiter, you can respond, "The average sale price is $135 a sq ft."  Boom!  No hesitation on your part.

Here is where focusing on the area where you live is good. You will be at the store, post office, library, school, soccer game, etc., and someone will ask about prices. Make sure you know your market. You live there so you should know it without having to look it up.

Listing Presentations

Practice your listing presentation. Try it with a flip chart, booklet, laptop, or from memory. If something just doesn't feel right, change it until it flows smoothly. Practice on your partner, family, a colleague, the kids, or the cat. You don't want to practice on the homeowner.

Buyer Consultations

Again, practice. Try different styles of gathering the information you need to find your buyer the best home. Interview them using a checklist, ask about their lifestyle, and take free-form notes. Have a buyers book with information about mortgages, utilities, escrow, FAQs, etc. Again, practice on your family, a colleague, or the kids. The cat might not be responsive enough for this one, though. Find a style that works for you and then practice it.

Contracts

Study them thoroughly. I read my contracts so that I can summarize the key points on each page without looking at them. Have a copy of all the basic forms (listing contract, purchase agreement, sellers disclosure, lead paint, etc.) everywhere. Keep a set in your dayplanner, a copy on your PDA, and a set in the car and your purse or briefcase. Read them whenever you are waiting at an appointment, when it's slow during an open house, or while the kids are in ballet. Read them every day. Know them!

Practice filling them out. Print out an MLS sheet and write an offer on it. Then write the listing contract for it as well. Have someone in your office look it over for you. Do this once a week until you're comfortable with the forms.

When a new form comes out or one gets updated--no matter how long you have been in the business--study it and practice filling it out.

Net-outs

After filling out the purchase agreement and listing agreement on the house you pulled from the MLS, do a net-out for both the seller and the buyer. Do these by hand. You will not always have access to a computer for using one of the title companies' online calculators. You need to be able to do these on the kitchen counter of a vacant house while filling out the purchase agreement.

Open Houses

Go visit open houses and see how other agents are doing them. Some will be very bad and some will be superb. You will learn something from each one. Go to several on one weekend, making sure to visit different agencies.

Now you can take this experience to make your open houses superb, and, from seeing others, you will gain a level of confidence by doing your own.

With enough practice, you will come across as the knowledgeable professional agent that you now are!

Photo stock.xchng by topshelf

Comments(145)

Ashley Drake Gephart
Drake Intel Group - Albuquerque, NM
Diane - Thank you. I would love that!
Sep 06, 2007 10:10 AM
Ashley Drake Gephart
Drake Intel Group - Albuquerque, NM
Joey - I started getting grey when I was 17. But most people think they are highlights! Go figure. I'm 38 and people think my kids and me are brothers and sisters.
Sep 06, 2007 10:18 AM
Ashley Drake Gephart
Drake Intel Group - Albuquerque, NM
Chuck - Thank you! I hope my clients feel I am proving them the best service.
Sep 06, 2007 10:20 AM
Ashley Drake Gephart
Drake Intel Group - Albuquerque, NM
Donna - WOW you wrote it out, thank you!
Sep 06, 2007 10:21 AM
Ashley Drake Gephart
Drake Intel Group - Albuquerque, NM
Leah - Thank you!
Sep 06, 2007 10:43 AM
Ashley Drake Gephart
Drake Intel Group - Albuquerque, NM
Karen - Thank you! I can't wait to see your post.
Sep 06, 2007 10:45 AM
Ashley Drake Gephart
Drake Intel Group - Albuquerque, NM
Roy - Thank you!
Sep 06, 2007 10:47 AM
Marie Story
Coldwell Banker - Pinecrest (Miami) - Pinecrest, FL
Broker Associate, Pinecrest (Miami) Specialist
I agree with pretty much everything posted here but I haven't seen anyone mention education.  I am a big believer in education, and working towards designations.  Real estate school teaches you how to pass the exam, it doesn't teach you how to be a good agent.  I have been practicing for 10 years, I have a brokers license in Georgia and in Florida and I still try to attend classes.  It never fails - I learn something new in every one of them. We never know it all!
Sep 06, 2007 12:55 PM
Bill Kennedy
Keller Williams Greenville Upstate - Greenville, SC
Homes For Sale Greenville SC
Great fundamentals for all agents!  Well written.
Sep 06, 2007 12:57 PM
Jolynne Photography, Creative Wedding Photography, Family Portraits, Bar Mitzvahs
Jolynne Photography - Hemet, CA
Bat Mitzvahs, Senior Pictures, Event Photography

Ashley...a silly joke has turned into a serious diversion from the topic...but you mentioned that people thought your silver was highlights.  Someone actually asked my wife how she got such a perfect weave!

Marie:  Excellent point.  The difference between a professional and an amateur is often a dedication to ongoing education and process improvement...way to go.

Sep 06, 2007 06:18 PM
Debbie Cook
Long & Foster Real Estate, Inc - Silver Spring, MD
Silver Spring and Takoma Park Maryland Real Estate
Excellent Post - even for us old timers - I really enjoyed this! and have bookmarked it.
Sep 07, 2007 12:33 AM
Anonymous
Reno NV Real Estate - Gena Gregory

Ashley,

 Great post! I love that you stress knowing your market and presentations. I think if you're knowledgable it will not only put your clients at ease, but it also builds confidence in your own ability. Thanks!

Sep 07, 2007 06:43 AM
#138
Robert Huntsinger
Empire Realty - Upland, CA
Empire Realty Upland, CA - Full Service at a Discount

Great info for all those newbees out there.

Take care!

RJH

Sep 08, 2007 11:31 AM
Anne-Marie Castillo
Keller Williams Realty - Greensboro, NC
Excellent points for the new agent AND the experience agent, and for the agent getting back in the game.  Thank you!
Sep 08, 2007 11:36 PM
Jacqueline Fortier
JC Penny Realty - Davenport, FL
Homes for Sale in Central Florida

Wonderful information Ashley.

 Thank you!

Sep 12, 2007 03:04 AM
Janie Coffey
First Coast Sotheby’s International Realty - Ponte Vedra, FL
Uniting Extraordinary Homes w/ Extraordinary Lives
absolutely outstanding post Ashley, it is all in the preparation and attention to detail and while years in the biz is a plus, it doesn't always mean what it should and doesn't need to hold you back.  Congrats on the feature
Sep 16, 2007 09:22 AM
Katrina Dangleman
Bob Davis Team First Mortgage - Ventura, CA

Wonderful advice!  Now I know what to do with myself while waiting for my license...  Thanks again!

Jul 17, 2008 06:40 AM
Gene Donohue CPO
CPO Academy - Apex, NC
Helping Agents Build The Business They Love!

It's been over 4 years since this was posted but it is just as relevant today then it was back then.  When I go to a realtor open house with my broker he makes me tell him about the neighborhood.  How many homes are there, how is the evaluation holding up in the neighborhood, who built the homes, flood plains, etc.

Nov 07, 2011 02:28 AM
Anonymous
Debbie Waitley

Thank you very much.  This is extremely helpful.  I agree that confidence will come with knowledge.  That was and still is one of my biggest fears, making a mistake because of something that I do not know.

Jan 28, 2012 01:17 PM
#145
Anonymous
Monica, Realtor in Maine

Awesome advice - thank you!

Jun 15, 2016 01:28 AM
#146