One of the issues I run into with new people in our business is they many times are so green, they do not know what they don't know.
It is dangerous to enter this or any business with little to no training and blindly head out. If you are a new real estate agent or a new loan officer, let me give you a couple of tips that may save you a world of hurt.
- Find a good company and broker to hang your license with. Find someone well established in the business who offers additional training.
- Budget money for training. Take industry training and designation classes.
- Find a top producer and try to team up as either their assistant or at a minimum have to do you first several deals jointly. Splitting half of the commission with them is a bargain. They will give you credibility with your clients, protect you from yourself and help you learn the business while making money. They will also get you making money faster and stronger than if you attempted it on your won.
- Join an established sales team if possible. This is a great way to build a business without having to spend all the resources required up front for marketing and infrastructure.
My number one tip is please do nothing involving a client or a transaction without your broker or an experienced agent looking it over first.
Remember if you are new, you not only do not know everything you need to know, you most likely do not know what you don't know.
I see this as a huge problem for many new quality agents coming up. Many will not make it; but could have under the right conditions.
Good Luck and Good Selling!
Great advice, the schooling is just short, it only gives a license to learn!!!