Full House!

PokerHow is real estate like poker? ”It takes minutes to learn the game and a lifetime to master it.”

It's true of poker, and I think it is also true of real estate and many other professions.

Fit WomanMy friend who is a personal trainer saw Oprah interviewing someone who lost lots of weight and used a personal trainer to help get her back in shape. The newly slim woman loved the trainer so much and praised the way she helped. Not satisfied to just tout the wonderful talents of the trainer, she decided to take a few courses, learn how to train others, and become that person who gets accolades. She wanted to be a personal coach, helping people to change their lives by losing weight and exercising. Her intention was good. But the chance of her hurting people through inexperience is much greater than of helping them. Intentions do not make you an expert. Watch a professional ice skater glide across the ice, spin, and leap. Then watch an amateur and see that it is soooo hard. Years of practice, study, and training, are needed before you can make it look easy.

Ice SkaterI have found that many buyers and sellers decide to go into real estate after their own transaction. They think, "So much money for doing so little…." or so it seems. I am asked for mentoring, leads, coaching, technology tips, what classes to take…and I give this advice freely. I have dozens of clients who have gotten their real estate licenses because I made it look so easy.

StudyMany times I meet these agents in classes that I am speaking at or attending. They are surprised. Why is an established agent still going to these seminars? Too often, they just don't get it – that making it look "easy" takes years of practice and experience along with continual learning.

How many of these former clients have made a success in real estate? How many have even made it through the first year? How many have sold the house that I helped them buy within that year? How many have blamed the poor market on not being a success? I think you can guess.

Many people can take the classes, pass the exam, and do all the things an agent "should" do. But no matter what new gee-whiz technology or sure-fire system you want to try, there is still nothing like good old, roll up your sleeves experience. It takes time and effort to acquire, but you can see the dividends in loyal clients, repeat business, and income that reflects all that hard work.

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9 Comments on Full House!

Very good points.  I have been with the same mortgage banking firm since 1980 and hundreds of people have come and gone in the mortgage business in my area during that time.  It always looks easy if you know what you are doing.  Thank you for sharing your thoughts.

02/16/2008 03:23 PM by PHILIP TURNER-MORTGAGE BANKER SINCE 1980 (MCCUE MORTGAGE COMPANY)


I often get questions from agents about when they should get their own broker's license.  My answer is always the same, "When you no longer have to go to a broker for answers."

Since they have usually just asked a question of me, they have a pause.

I've done hundreds and supervised thousands of transactions and I still learn something on each one.  I also always learn something at every single class I attend.  Even when I teach one I learn something.

02/16/2008 03:24 PM by Lenn Harley, Homefinders.com, MD & VA Real Estate


Hello Margaret, It only looks easy because we are experts at what we do. Years or training and hard work is the only way to make it "look easy". If they only knew how many times we have failed to get where we are today they wouldn't be so fast to jump into the mix.

02/16/2008 03:37 PM by Bryant Tutas-Tutas Towne Realty, Inc


Speaking of Oprah, she said her success started when she stated what she learned today, every day.  Thanks to AR, I seem to have learning overload.  Good point though.  I have a 7 year old customer who is ready to get into real estate after working with his parents.  Now that is just cute!

02/16/2008 03:39 PM by Anona Large-Oak Ridge, TN Real Estate (Realty Executives Associates)


Taking the class and passing the licensing exam... ahhh...  If only it were that easy!  I've been doing this over 35 years and some days I still don't get the listing or sale.  It's a constant learning experience, and the hours most of us work outside of client-time would not be believed, if we told them.  I, too, have had lots of clients get a license, but never had one last a year - even retired military brass, who are sure they're capable of anything.

02/17/2008 03:37 PM by Margaret Woda, Maryland REALTOR (RE/MAX VISION)


You are soooooooooooo right. what they do not know and it is not taught in the class to pass the state exam. It is just that. How to pass the state exam not how to sell real estate.

02/17/2008 04:35 PM by Susan Trombley Re/Max Broker Raleigh NC & Surrounding Areas (Re/Max Hometown)


Philip, Thanks for stopping by. I appreciate your comments.

Bryant, As an expert, you always make it look easy!

Anona, I like Opray's guide to success......stating what you have learned each day.

Margaret, You are so right! It is a constant learning experience.

Lynn, Yes we still learn on each and every transaction even when we are the teachers and/or speakers. Thank goodness there is always new ideas to share with others.

02/17/2008 07:19 PM by Margaret Rome- Baltimore, Md.-HomeRome.com (TREC-Sell Your Home With Margaret Rome)


Susan, Well put! The class teaches how to pass the RE exam NOT how to sell Real Estate.

02/18/2008 03:47 PM by Margaret Rome- Baltimore, Md.-HomeRome.com (TREC-Sell Your Home With Margaret Rome)


Margaret,

Well, they say imitation is the sincerest form of flattery!  But as for that staying quality...I think you summed it up well with, "Many people can take the classes, pass the exam, and do all the things an agent "should" do. But no matter what new gee-whiz technology or sure-fire system you want to try, there is still nothing like good old, roll up your sleeves experience."

Thanks for sharing and also taking the time to check out my blog and comment.

All the best,

Audrey 

02/21/2008 11:40 PM by Audrey Hoffman, SimplyStage (SimplyStage)


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Real Estate Agent: Margaret Rome- Baltimore, Md.-HomeRome.com (TREC-Sell Your Home With Margaret Rome)
Margaret Rome- Baltimore, Md.-HomeRome.com
Baltimore, MD
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