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A new real estate agent: No Business! What to do?

By
Real Estate Agent with ReMax Realtec Group

Whether considering real estate career as an option, or being a new agent, invest in activity that will pay dividends for the entirety of life.

This is serious stuff.

This potential agent is at the crossroads that will prove self-defining.

The choice they face is to be a finite player or infinite player in this business. 


Hi, I am Annette Lawrence, a real estate agent living in Dunedin, FL. As an active participant on the real estate agent website, Active Rain, I witness brand new and rookie agents asking the same question. Generally, this is after they have selected a brokerage and office and realize, "THEY ARE ON THEIR OWN!" I believe there is a better way to start and a better plan than to be thrown into the deep end and watched to see if the new agent learns to swim.


 

The finite player is pre-disposed to measure themselves by the standards of others, to compare themselves to others, to make a goal to beat others. They are compelled to place inordinate value in systems, process and methods.

The infinite player competes with them-self, betters them-self, whose joy does not emanate from comparison to others but from personal advancement. They are compelled to place inordinate value in how they are incrementally more able to move forward in their greater purpose.

The authenticity of the two is revealed in:

  • The finite player focuses on their how and what.
  • The infinite player is focused on their WHY.

Before I would take ANY action with a newbie agent or one considering this career, I would press to their 5, 6 and 7.  The way this appears is asking the newbie, 'What is important to you about a career in real estate?" The first three responses will be about their circumstances. The next two or three response will be about how it affects those dear to them. Then response 5, 6 and 7 reveals the individuals higher purpose. 

This greater purpose may look like, financial freedom, autonomy, create a legacy to leave behind, help others, teach, liberate and the list is only limited to the infinite aspirations of the heart. It is these higher purposes, that when understood, enable many to endure life's greatest challenges, obstacles, injustices, tragedies, calamities and illness. A greater purpose gives the capacity to absorb the speed bumps in life without being shaken apart or driving off the road. A greater purpose is to be greater than the challenges.

The new agent should then construct a business based on where they see they are a part of something meaningful that is bigger than themselves. This is at the root of authenticity. Build your business on your why, not on the how (systems) and what (available resources).

The most common of business models assess what skills and resources are available and leveraging them to create success. Skill will dictate the HOW and resources will dictate the WHAT.  

For example the finite (how, what) real estate agent will develop a business that offers, "I'm a great agent, look at all my designations. I have a website, IDX property search, value calculator and a cell phone. Do you want to hire me to sell your house?"


The vessel of real estate is uniquely applicable in touching lives in profoundly meaningful ways.


 Why is this important? Why is "why" important?

Behavior is driven by belief. 

A wise new agent should craft their business model around their 'belief' and those of like mind will resonate with the message of 'Why this agent is qualified to talk to them."

This briefly suggests the great chasm that exists in the younger agent and the winter agent. Winter agents are all about the what and how.  We have been there, done that and have the scars that prove it. We also have a vast array of resources developed throughout the years. We have confidence in the trade craft we have developed.  

Until the winter agent is able to forward their message of why they exist within the greater purpose, those who are new, will NOT BELIEVE. They will see inconsistency, which creates cynicism and ends with disbelief. Winter agents will interpret this as a lack of commitment while the new agents feels compromising their beliefs and convictions is too high a price to pay.

Be well aware, the consumer sees and feels the same thing.

That, in a well packaged capsule, is the problem with agent image. 

Agents must work within a system that communicates and creates inconsistency, creates cynicism and ultimately, disbelief.

A new agent needs to articulate their why, then build their dream.

MLK changed the world NOT with a 'I have a plan' speech, but with the speech beginning with "I have a DREAM."

People responded not because of his dream, but because he articulated THEIR DREAM ALSO! The 'dream' resonated.

Dear new agent, people will do what they believe, so share with them what you really believe and they will respond because it is what THEY believe also. Be authentic, true to your greater purpose, to your 'why' and others will know what you stand for and from that will come trust and commitment.


Real estate is but the vessel, just the how, to reach your why and your dream.


 

The infinite 'why' agent business model will convey a message that could sound like this. "This is the only planet you and I will ever live on so we must be good custodians of it. Renewable energy, sustainable design and the choices I make every day, I believe, affect how others must live their life. In my heart I believe that the design and engineering of the homes in which we live can have enormous impact on the quality of life we all enjoy. Housing should be affordable, sustainable and accessible to everyone. That is why I embrace every home buyer or seller with the hope today we can make this world a better place. Let me help you find your new home."


People DON'T buy what you do. They buy WHY you do it.


 

This intuition is expressed when you hear comments like, "Doesn't feel right" or "Gut instinct.'

At this point, the newbie actually has something to say that is worth saying. The infinite newbie is not measuring him/herself against others but by the transformation promised in sharing their greater purpose. In this regard, there is nothing wrong with being new.

Now to the easy stuff:
Step two: Put yourself in the path of your believers. Consider the art gallery or museum.

Who goes to the art gallery or museum?  People who enjoy and embrace new ideas and like to be in the environment where people try things out. How can the agents greater purpose be applied to this audience?

"This painting reminds me of Christopher Stills study in white. The study sticks with me because I visited a home for sale in Tarpon Springs where the study was inspired. Are you familiar with Stills? He and I share a belief that Florida possesses some of the most unique natural environments in America and we must be exceptional custodians or our children will know who blame. There are several communities in the area demonstrating an active awareness of environmental impact. Do you live in one?"

Identify those who share your 5, 6 and 7 and they will reward you with their blood, sweat, tears and unrelenting commitment.

Wishing you the best of Success,
Annette

 PS: Identifying where ones greater purpose (avocation) and work (vocation) intersect and constructing their business platform at that intersect is the key to creating the most fulfilling of business/career choices. This topic is covered in future blogs.

Comments(7)

Sham Reddy CRS
Howard Hanna RE Services, Dayton, OH - Dayton, OH
CRS

Wow! Lot of wisdom here!!! Thanks for sharing!

A greater purpose gives the capacity to absorb the speed bumps in life without being shaken apart or driving off the road. A greater purpose is to be greater than the challenges.

May 31, 2017 05:42 AM
Annette Lawrence , Palm Harbor, FL 727-420-4041

You found the 'gold' buried in the waterfall of text.


Thank you for leaving a comment.

Jun 02, 2017 04:35 AM
Harry F. D'Elia III
WEDO Real Estate and Beyond, LLC - Phoenix, AZ
Investor , Mentor, GRI, Radio, CIPS, REOs, ABR

It surely is not for the weak in spirit. However, it is a very rewarding career in my opinion if one puts the time into it.

May 31, 2017 06:13 AM
Annette Lawrence , Palm Harbor, FL 727-420-4041

The rewards are multifaceted. Many temporal while others long enduring.

Jun 02, 2017 04:36 AM
Kasey & John Boles
Jon Gosche Real Estate, LLC - BoiseMeridianRealEstate.com - Boise, ID
Boise & Meridian, ID Ada/Canyon/Gem/Boise Counties

This is a good post to bookmark and link in the Q&A for all the new agents. -Kasey

May 31, 2017 06:50 AM
Annette Lawrence , Palm Harbor, FL 727-420-4041

It is also a good resource for those thinking of building a team or recruiting. When a leader skillfully guides another to recognize their 'why' both have a framework upon which to build a future.

Jun 02, 2017 04:39 AM
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Prop. Mgr, Wenatchee, WA

It is the "why" that truly motivates and keeps things moving when the going gets tough.

May 31, 2017 06:52 AM
Annette Lawrence , Palm Harbor, FL 727-420-4041

Some discover their why through a life examined, while a few find why through the Phoenix. Without reconciling our "WHY" one finds peace elusive.

Jun 02, 2017 04:41 AM
Christina Steinhaus
Coldwell Banker Residential Property - West Palm Beach, FL
Real Estate Agent serving the Palm Beaches

I really had to stop and read this post.  Because it explains how people are attracted to us, in a viseral way.  'Why' is what sets us apart from others and makes us relatable to people we hope to work with.  

The "Why" we do what we do is the basis and the reason of all we do everyday.  You need to describe  your "Why" in a personal yet attractive way so others can identify with you.  

Thank you, Annette!

May 31, 2017 11:01 AM
Annette Lawrence , Palm Harbor, FL 727-420-4041

There exists another dimension to this that is worthy of mention.
It is what I refer to as projecting PRESENCE.


In the context of this blog, what I refer to is the vision of the one who has found their "Why?" It is a 'I know that I know even if I can 't explain it to you' assurance. 


These ones who have examined their lives, have vision, a clear understanding of what is important to them.  There is a real discernible ambiance when we are with those who have vision, and the projection of their presence.


What I have discovered in understanding  ones 'why' is that it attracts those who may not agree, but value the transparency and vulnerability offered. They will embrace you and welcome the authenticity.

May 31, 2017 11:53 AM
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

Good morning Annette Lawrence , Palm Harbor, FL 727-420-4041 ,

I'm so glad that your post was featured in Carol Williams Saturday "Second Chance" series! What an insighful post! I'm booking marking..so important to understand the why..you are right "Without reconciling our "WHY" one finds peace elusive."

Jun 03, 2017 06:08 AM
Annette Lawrence , Palm Harbor, FL 727-420-4041

I was unaware Carol Williams bestowed upon this blog such a recognition. I must thank her.


"....one finds peace elusive.."


So many chase peace when what must be done is wait and it will find them. Waiting is so hard.

Jun 03, 2017 06:32 AM
Beth Bromund
Coldwell Banker Weir Manuel - Rochester, MI
REALTOR (248) 651-3500

Thanks for the introspective post, Annette Lawrence , Palm Harbor, FL 727-420-4041 .  I need to continue to reflect upon my deeper whys to craft my business model. 

Jun 20, 2017 01:18 AM