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The 90% - Advice to new agents

By
Real Estate Agent with Realty One Group # S.0190863

So, they say that over 90% of all agents that enter the business never make it past their first year. That is something that always bugged me. After I got my momentum in this business, I then started helping new agents get the down low on what this business is really all about. They appreciate the answers I had for their questions and I appreciate their enthusiasm. And I find there are things I tell many new agents coming for advice. Here are things I usually cover:

 

Being early is on time. Being on time is late. Being late is inexcusable. There are plenty of agents that make excuses for being late. Show that you are the professional and don’t be one of them.

 

Be prepared. Do your research well in advance. Fill out copies of agreements for clients that don’t exist just to get the experience. Practice what you will say with other agents so that you don’t freeze up in a real conversation.

 

Dress for the position that you desire. Dress to impress the unexpected client walking through the door. Don’t be in running shorts and a tank top. Dress so that if your best client walked through the door and met you for the first time, you would make a favorable impression.

 

The tail doesn’t wag the dog. Your doctor doesn’t allow you to tell him how he is going to do his business. Likewise, you need to be the professional and do not allow people to dictate to you how you will do your professional business.

 

SW4. Some Will. Some Won’t. So What. Someone’s Waiting. If you continually look for motivated clients, then you don’t have to put up with the  games that unmotivated clients play.

 

Treat your business like a business. Businesses run P&L statements. They examine expenses. They budget. They make projections. They make a cost benefit analysis on major purchases. A business that doesn’t watch it’s money, soon goes out of business. Also a business that has a challenge or a setback, will seek to learn from it and create a system or a method not to be in that position again.

 

You will be more refreshed by working 100% for 40 hours a week, than if you work 50% for 60 hours a week. When you are working, work full out. When you are “playing”, play full out and enjoy it to the max. I also recommend finding an agent that you can trust where you will watch their files and they will watch your files if you need play time. Being able to hit that “off” switch is highly important to renewing one’s self.

 

Okay, so I have babbled about what I advise new agents. How about you?  What do you advise new agents to help them get on the right track?

  

Rocky Dickerson  Rocky Sells Vegas Peccole Ranch Summerlin Houses Sell My Summerlin Home What Is My Vegas Home Worth What Is My Summerlin Home Worth Peccole Ranch Houses Summerlin Homes For Sale  

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Rocky Dickerson
Realty One Group - Las Vegas, NV
Superior Service!

Goodd morning Michael Jacobs I never help someone else out where I don't end up learning something new myself.

Mar 10, 2021 08:36 AM
Rocky Dickerson
Realty One Group - Las Vegas, NV
Superior Service!

Good morning Nina Hollander yes the foundation to lasting success is steady and constant

Mar 10, 2021 08:37 AM
Sheri Sperry - MCNE®
Coldwell Banker Realty - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Rocky Dickerson - Great thoughts to share with new agents.  I don't disagree with any of it. I remember those who took the time out of their busy schedule to help me and those who did not.  It motivates me to mentor those who seek my advice. I will never turn away a new agent. 

Mar 10, 2021 09:17 AM
Rocky Dickerson
Realty One Group - Las Vegas, NV
Superior Service!

Good morning Sheri Sperry - MCNE® , yes those of us who have been wisely mentored owe it to others to be a positive influence as well.

Mar 10, 2021 09:19 AM
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Rocky,  My advice to new agents is to get a mentor or coach that will hold them accountable.

Mar 10, 2021 09:53 AM
Kathy Streib
Cypress, TX
Home Stager/Redesign

Hi Rocky- very good words and not just for new agents!!!   The best is treat it like a business, which it is!

Mar 10, 2021 10:23 AM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Rocky I believe one of the major reasons why Agent do not make it in this business is because of unrealistic expectations.  This business requires an investment of time and money, and many of them are not prepared for either one.

Mar 10, 2021 11:40 AM
Rocky Dickerson
Realty One Group - Las Vegas, NV
Superior Service!

Good afternoon Will Hamm  I agree, getting the right mentor made a huge change in my career

Mar 10, 2021 02:21 PM
Rocky Dickerson
Realty One Group - Las Vegas, NV
Superior Service!

Hey there Kathy I agree completely. Treat the business like a business.

Mar 10, 2021 02:23 PM
Rocky Dickerson
Realty One Group - Las Vegas, NV
Superior Service!

Good afternoon George and when we give them realistic expectations, we prepare them for success.

Mar 10, 2021 02:24 PM
Ed Silva, 203-206-0754
Mapleridge Realty, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

Far to many new agents wash out in the first year because they have no clue what to expect in the business, and noting in the preperatory classes get them ready for the reality

Mar 10, 2021 06:05 PM
Rocky Dickerson
Realty One Group - Las Vegas, NV
Superior Service!

I agree with you Ed Silva. Far too many agents are lost due to poor leadership

Mar 10, 2021 06:32 PM
James Dray
Fathom Realty - Bentonville, AR

Morning Rocky.

We play scenarios, where the agent acts like a buy or seller.  They are free to react in any manner they choose.  Then it is reversed, they deal with the way it should be handled.  It is an eye-opener

Mar 11, 2021 12:15 AM
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good morning Rocky - your advice is spot on.  That is the real price of admission not the license.

Mar 11, 2021 03:07 AM
Brian England
Ambrose Realty Management LLC - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

Such sound advice you give!  I am certain that most of the new agents you mentor will be in the business well past their first year!

Mar 11, 2021 04:34 AM
Roy Kelley
Retired - Gaithersburg, MD

Good Thursday morning, Rocky.

We seem to be celebrating the Day of the Dog on ActiveRain.

Mar 11, 2021 05:05 AM
Rocky Dickerson
Realty One Group - Las Vegas, NV
Superior Service!

Good morning James. Yes roleplaying can be ket in accelerating the learning process.

Mar 11, 2021 06:16 AM
Rocky Dickerson
Realty One Group - Las Vegas, NV
Superior Service!

Good morning Grant if only we had more managers willing to take the time to teach their agents right.

Mar 11, 2021 06:17 AM
Rocky Dickerson
Realty One Group - Las Vegas, NV
Superior Service!

Good morning Brian. I have been lucky to help steer and guide a number of highly successful agents.

Mar 11, 2021 06:20 AM
Rocky Dickerson
Realty One Group - Las Vegas, NV
Superior Service!

Ugh - don't I know it Roy. It is certainly the day of the dog. Time to send him into exile.

Mar 11, 2021 06:21 AM