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TOP 10 REASONS TO OBTAIN REAL ESTATE MENTOR FOR 2011

By
Real Estate Agent with WEDO Real Estate and Beyond, LLC SA535849000

TOP 10 REASONS TO OBTAIN REAL ESTATE MENTOR FOR 2011

I have been in the real estate industry for the past seven years. I spent the first fourteen years in corporate America. I was thrown into the real estate industry. However, I knew I had to obtain a mentor in order to survive in real estate. I needed someone to teach me the ropes. Real estate is very competitive. Many agents do not like to teach other new agents based on creating more competition in the field. Why? That was my question. There is enough business for everyone in this field. Senior agents brag about their knowledge. However, they are not willing to share it. Has anyone else experienced this practice?

Here were my Top 10 Reasons for obtaining a Mentor in Real Estate:

  1. Professional-Learn from a pro who has been in the business for ten years or more to obtain the same knowledge.
  2. Accountability-My mentor keep me honest with myself at each level. Quit the Long Ranger mentality.
  3. Focus-Mentor teaches you how to balance work and life as you start the real estate career.
  4. Questions-Mentors are there for you to ask as many questions as possible to increase experience.
  5. Mistakes-A good mentor will help you avoid rookie mistakes or walk you through a rookie mistake that happened in order not to do it, again.
  6. Goals-Mentor will help you set realistic goals to achieve.
  7. Best Interest- Mentor has your best interest in mind. Mentor wants to see you succeed.
  8. Investments-Mentor will walk you through a good real estate investment. This will save you money to avoid investing in the next big thing
  9. Network-A good mentor has an established Network in place for one to use in real estate. You do not have to create the wheel.
  10. Compass-Mentor will keep you going in the right direction at all times. A mentor will help you stay on course even when you want to quit.

I hop these reasons that I mention above motivate you to obtain your mentor this year. I would advise not to wait any longer. The real estate market will only become more competitive. The main reasons for me to obtain a mentor were #1,2, and 8.

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Comments (4)

Paula Hathaway, REALTOR, LBA
Douglas Elliman Real Estate - Southampton, NY
...A Local Expert in all The Hamptons

Harry: While I agree with you 100%, a mentor is very hard to find in today's market---If you hire someone--how do you know they are the best fit for you? If they are still an active agent/broker, there will be very little time to do the mentoring thing. My best mentor was my manager in the Douglas Elliman office in NYC--years ago. I think you need to locate a person in your office whom you admire and stay by their side--not intrusively, but let them know you appreciate their knowledge and would like to learn from them. Do open houses for them, or other things that will be a tremndous help for them in return for the "education". They will either accomodate you or they won't--I don't agree that you can hire someone, however. Very goo d topic for a post!

Dec 01, 2010 12:26 AM
Harry F. D'Elia III
WEDO Real Estate and Beyond, LLC - Phoenix, AZ
Investor , Mentor, GRI, Radio, CIPS, REOs, ABR

Paula one has to do what is best for them. I did what you did when I went into the business. I worked along with a great person who I learned a great deal from to this day.

Dec 01, 2010 12:28 AM
Richard L. Sanderson
Richard L. Sanderson Consulting - Kalama, WA
helping improve local property tax systems

Harry:

This is a great post.  I have been a fan of mentoring for a long time.  I was fortunate to be mentored by several real estate appraisers early in my career and have mentored employees and other people since then.  Mentoring is also great for the person who doing the mentoring.  When you teach someone else you are forced to focus on what you are trying to teach and revisit your own experiences and what you have been taught.

Dec 01, 2010 12:31 AM
Anonymous
Erin
I am a career changer looking to become a Real Estate Appraiserand I am located in the Phoenix Arizona area.
 
I was hoping to reach out n the hopes you could enlighten me on how to find a mentor 
 
I have not taken any of the appraisal courses. From what I've gathered, a prospective appraiser can become a trainee by finding a mentor and take classes at the same time? I'm a newbie to the industry and wasn't sure how to get started.
 
Any ideas, information or help would be most appreciated.
Jan 13, 2012 04:06 AM
#4