Foreward: This post has been edited with the proper REALTOR® throughout. I still think it is an awful idea, but don't want to be sued.
The National Association of REALTORS® has done a good job of branding the term REALTOR®, so much that the general public things all agents are REALTORS®, which dilutes the brand completely. The NAR wants us to trademark or use in ALL CAPS the name, which is obnoxious, and not where the focus should be. The real news media can't even adhere to that request (I tried once when quoted for a Washington Post story). If the news media cannot use it, then end up calling all of us "real estate agents" thus adding to the confusion. NAR is not helping themselves at all with this requirement.
REALTORS® are due paying members of the National Association of REALTOR® and must adhere to a strict Code of Ethics, which is supposed to ensure that they are treating their clients, the public and each other fairly and with honesty. It is enforceable and comes with great consequences to those who break it. However, paying the dues, using ALL CAPs or a ® and taking CE classes on ethics does not make an agent good. Getting a license and paying NAR dues teaches you nothing about being a real working agent, at least in VA. It's frustrating and really stupid, but it's the truth, and I wish NAR would focus more on this than how the word is written. There are two main factors that make agents great.
#1 cannot be taught and there are many words to desribe it, the French would call it that je ne sais quoi - Class, Mental Fortitude, Agility, Heart, Soul:
What makes an agent really good has not as much to do with being a Realtor as having good instincts. And of course, some things are innate, cannot be taught. Being cool (not as in hip, but as in level headed) open minded, friendly, approachable, willing to listen and learn and play well with others. Caring not only about ones self, but about the person or family who has entrusted you to handle the largest financial transaction of their lives. It's only tough if you lack empathy, or are desperate for a paycheck. You need to truly get the role of a fiduciary who is paid by commission, be okay with the opposing forces that can pull you between getting paid and doing what's right. Not everyone can do it. Not every one can answer "What do you think?" with the answer that guides the client to make the best decision themselves and not just push them to get the deal done.
#2 High level training:
Hands on experience with a mentor and a brokerage that gives real world workshop type training and sinking or swimming. It's important for agents to be able to work with real clients, in the field, with a strong mentor backing them up to make sure they don't mess up. And before you protest that no real person should be an agent's training ground, remember that I am saying new agents need a solid mentor in their court and a brokerage full of workshops and deeper level instruction guiding them to do well. Starting with renters is a great idea, because you get all the real hands on experience of working with clients, but the stakes are not quite as high.
I am happy to be currently mentoring a new agent for the second time. She was my client a year ago and as soon as she expressed an interest in selling real estate, I did every thing I could to encourage her, then get her at my brokerage and now mentor her. Why? Because this business needs more good agents with the right innate qualities to succeed. I encourage every agent to get good people who posses the je ne sais quoi of #1 to take the plunge, get them to your brokerage, believe in their success and offer to mentor them.
The REALTOR® brand is not as powerful as it should be, because having a Code of Ethics agents must adhere to is just not enough. I wish the National Association of Realtors would require all agents go through at least a 6 month mentoring/training program and that their first transaction be with renters before they can work on a sale. I do think it would raise the bar of this industry, keep out the desperate and selfish, and make the REALTOR® brand what they want it to be.
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