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Top Real Estate Professionals are Like Great Chess Masters

By
Real Estate Agent with eXp Realty 2021016812

When we sell real estate we utilize many of the same skills of a tournament chess player.  We combine strategy and tactics.

In both activities you need to develop a plan and continuously create opportunities for success. 

  • To succeed in chess you need to study and train.  We learn from experiences of past masters.
  • In real estate you need to fine your skills, study your market and develop a plan.

Each real estate transaction has its own set of complications and challenges.  They can come up on their own or as a result of someone not doing what they should have.  As Realtors we expect and react to problems on a regular basis.

Hula QueenIn chess your opponent creates challenges and complications for you.  To win at chess you have to anticipate potential complications, prepare for them and react appropriately.

To succeed in real estate we need to have a plan. 

  • Build a marketing strategy, education plan, and develop the strategies for providing your customer service.  If you are a true real estate professional nothing happens accidentally. 
  • In chess you learn openings, basic strategies and tactics for each phase of the game.  During the game you need to continuously make and adjust your plan.

A great game of chess is like a thing of beauty.  Like a piece of art, it is something that people for many years will admire and learn from. 

Sold SignA real estate transaction, in the hands of a true professional is can resemble a great work of art.  It is a thing of beauty and the equivalent of a classic chess game.

There is one major difference between chess and real estate. 

  • In a perfectly executed game of chess there can be only one winner.
  • In real estate if done well everyone can win.

 

P.S. I forgot to mention:  I am President of the Hawaii Chess Federation and a pretty good Realtor.  I am sure my chess training was a contributor.

Posted by

 

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Randy L. Prothero, REALTOR®

Broker-in-Charge, ABR, AHWD, CRB, CRS, e-PRO, GRI, MRP, SFR

eXp Realty

Team Leader - "The Prothero Group"

Randy Prothero is well established as an expert in working with military / VA clients and first time home buyers.  His home seller's (listing) campaign is one of the most aggressive marketing programs in the area.  His luxury home listings sell faster and for more money.

Based out of Mililani, Hawaii. Randy services the island of Oahu (Honolulu County) Performs mediations and ombudsman services for the Board of Realtors.  To improve overall professionalism in his area Randy also offers classes for real estate agents. 

www.HawaiiRandy.comOahu (Honolulu County) Property Search  Hawaii Military Relocations

Comments(9)

David Doerr
David Doerr Mortgage Team @ Axia Home Loans - Spanish Fork, UT
14 Year Mortgage Professional
I agree wholeheartedly.
May 07, 2007 05:49 PM
Midori Miller
Talk 2 Midori, LLC - Daytona Beach, FL
Online Marketing For Real Estate Professionals
Randy-I agree with you and love chess!  What a great analogy!  Thanks for sharing
May 07, 2007 05:52 PM
Abraham Chaffin
Sand Shell Realty - Cambria, CA
Cambria Real Estate

 

Chess is the greatest board game! It teaches you skills of patience, critical thinking, analyzing difficulties and coming to a strategic resolution by think of many possible outcomes. These skills not only help us in real estate but many other areas. Thank you for the analogies.

May 07, 2007 06:01 PM
Randy L. Prothero
eXp Realty - Hollister, MO
Missouri REALTOR, (808) 384-5645

David - cool

Midori - I love chess also.  I forgot to mention and I added it to the post.  I am president of the Hawaii Chess Federation.

May 07, 2007 06:01 PM
Randy L. Prothero
eXp Realty - Hollister, MO
Missouri REALTOR, (808) 384-5645
Abraham - I teach chess to children.  It gives them needed analytical thinking skills that most schools seem to not teach well.
May 07, 2007 06:04 PM
Jason Sardi
Auto & Home & Life Insurance throughout North Carolina - Charlotte, NC
Your Agent for Life

To date, I have never had the pleasure/honor of learning the game of chess.  I've been told I may be half-way decent at it if I gave it the old college try.  Seems like a good analogy you use Randy and I think I'm missing the boat until I learn how to play the part of something other than the pawn:-)

May 11, 2007 06:45 PM
Randy L. Prothero
eXp Realty - Hollister, MO
Missouri REALTOR, (808) 384-5645

Jason - I have a cheat sheet on our website of how to move the pieces and some basic tips:  www.HawaiiChess.org

 

May 11, 2007 07:25 PM
Teri Eckholm
Boardman Realty - White Bear Lake, MN
REALTOR Serving Mpls/St Paul North & East Metro
Randy--My sons' were asked by their middle school math teacher to be a part of the chess club in 6th grade. He would select students to be part of the afterschool group because he loved the game and wants pass it onto the videogame generation. Both of my boys have learned to think more strategically from playing. Wonderful game and great analogy! Good post!
May 12, 2007 01:18 AM
Randy L. Prothero
eXp Realty - Hollister, MO
Missouri REALTOR, (808) 384-5645

Teri - Thank you.

Chess made a huge difference for me growing up.  Math and Science were always easy for me.  I am convinced that is because I was a chess player.

May 12, 2007 04:05 AM