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A new adventure in real estate

By
Real Estate Agent with Coldwell Banker CalBRE# 1044562

So here I am a former server embarking on a career as a realtor. I've been told by many that I am coming into the business at an excellent time. I would tend to agree. Although looking back I wish I would have gotten my license when I was 18 in 2002. I have a few friends that did very well for themselves in the bubble years.

Although it is interesting to note that many people that were sucessful in real estate from 2003-2007 are no longer in the business. I have my own reasons for why I believe this occured but am curious as to everyone's thoughts on this.

My dad's been a real estate agent for about 3 years now and I decided to join him in the business. I found myself taking an interest in it last year and decided to give it a shot.

I just finished up my third week. I work at a small realty company in Hemet, CA. We have about 8 agents in our office. I enjoy the feel and atmosphere of a small office. We have an open floor, so anyone can answer the phone.

I've learned alot in three weeks and feel I'm off to a great start. I've gotten some great leads just from picking up the phone. The learning curve is steep, the paperwork is immense. But I feel I'm handling it well.

What was the toughest part of this business for everyone when they first started?

For me talking with people is easy. But without having a strong knowledge of a seasoned veteran, it's easy to get nervous when a potential client starts asking question to which you do not have the answer. If I realize I'm in over my head I turn the person over to my dad at that point. "Well sir, let me transfer you over to Mike, he's actually our lead short sale specialist and he will be able to answer any questions and walk you through the whole process".

Although even though this is only my third week I've found my knowledge has increased drastically in a short amount of time. I'm feeling more comfortable everyday.

I'm curious to hear everyone's thoughts on their first weeks as an agent. I'd love for us to share some funny or interesting stories!!

I'd also love to hear any advice or tips you may have for a new agent.

Looking forward to the future and interacting with everyone on ActiveRain

Tyler

Lois Kubota
Keller Williams, Walnut Creek, California, DRE#01865028 - Walnut Creek, CA
DRE#01865028

Tyler, if you never want to feel icky about what you do, check out Jennifer Allan's Sell with Soul.  She is on acive rain and has a soulful way of doing the business. 

Another suggestion is you are thinking about doing expireds, google Borino.   He's got a great product and he's not icky either.

Good luck

Apr 24, 2011 04:35 AM
Karen Hawkins, MBA - Langley & Surrey, BC
Royal Pro Real Estate Network - Langley, BC

Welcome to the exciting world of real estate, Tyler - and great to know that you and your dad will be supporting each other over the years!  You have likely a tremendous amount of social skills to draw upon, from your past work experiences - and that will serve YOU well in this business! 

Thank you for this post - I've learned a lot just from reading the comments!  :-)

Apr 24, 2011 05:42 AM
Ray Waisler
Finance of America - Atlanta, GA
NMLS #6621 - Specializing in Jumbo FHA & VA

Tyler, whether you are serving burgers, homes or in my case mortgages, you are serving what people need and want. The process is essentially the same and the common denominator is service. welcome to the industry and I wish you much success.

Apr 24, 2011 05:44 AM
Jim Paulson
Progressive Realty (Boise Idaho) www.Progressive-Realty.info - Boise, ID
Owner,Broker

As you already see, AR is a great resource tool.  Your time in as a server should have already taught you that the customer is always right (even when they are wrong).

My best advice to you is at the end of each day, ask yourself "What did I do today that will generate business tomorrow?"

Apr 24, 2011 07:09 AM
Margaret Rome Baltimore 410-530-2400
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

Welcome to real estate and welcome to ActiveRain. Wonderful having Dad as a partner. Wishing you much success. I just left you a message.

Margaret

Apr 24, 2011 07:31 AM
Ric Mills
Keller Williams Southern Az - Tucson, AZ
Integrity, Honesty, and Vast Real Estate Knowledge

You are entering the profession at the right time.  You will learn a lot that otherwise you may never have seen in the "olden" times.  Pay attention, hook up with other experienced agents, join a Team for maybe the first two years to see a lot of deals and have a handy mentor.  Welcome and good luck.

Apr 24, 2011 11:07 AM
Kale Wright
Keller Williams Realty Metro Atlanta - Decatur, GA
Associate Broker, REALTORĀ©, IMSDĀ©

Tyler - Welcome to the biz! Part of why this a great time to get into real estate is that clients are harder to come by, new systems & tools are being implemented to address problems the bubble brought to light, and deals are often more complicated. Don't shy away from these challenges - embrace them with the help of a mentor, even if it means a referral fee for their assistance. If you can learn to grow your crops when there's a drought, you'll have a bounteous supply when the rains come. This is a relationship business - a.k.a. a "contact sport" - so learn as much about your clients as you can by asking about their motivation & why particular features are important to them.

There's an old saying / joke / metaphor that asks "How do you eat an elephant?" The answer is "One bite at a time." It is very easy to get completely overhwelmed with all the available services, training systems, and technology that's out there, so learn to time-block and evaluate the product before you invest your time and money into it.

Lastly, you say that you're with a small firm, so there isn't much in the way of training. The leadership at Keller Williams Realty likes to say that we're a training company that happens to sell real estate. We make all of our classes available to anyone with any firm, with no recruiting. I'll gladly provide you with any material I have (can you tell I'm a teacher at heart). I'd also be happy to put you in contact with a KW agent in your region who will keep you informed of upcoming classes AND be sure that others know you're very happy with your brokerage. A rising tide lifts all ships, so we gladly provide training opportunities to everyone, even to agents who have no intention of changing brokerages.

Apr 24, 2011 11:27 AM
Marte Cliff
Marte Cliff Copywriting - Priest River, ID
Your real estate writer

My first weeks as an agent happened a LONG time ago, but I'll never forget them. This is a small town and things were pretty slow in those days, so on my first day, everyone else decided to come in late. I was all alone in the office.

I didn't know it yet then, but there were 3 telephones, and 3 phone lines. So when one started ringing, I was running all over the office, picking up phones and saying "Hello, hello, hello" to dial tones. Finally I found the right phone and it was a call for the Chamber of Commerce - they happened to rent a desk in our office. 

On my first showing (a mountain cabin) I ended up getting lost , then carrying my customer's baby up a steep hill to the cabin. (I have long legs - for some reason that makes people hand me their kids to carry.) To top that off, gunshots started hitting the trees around us... Needless to say, I never saw that lady again!

Apr 24, 2011 11:57 AM
Mike Bolaski
Coldwell Banker - 1000 Palms, CA

Kriselie: I'm glad that I found about it before I even got started! Thanks for the encouraging words :). 

Emily: I am very lucky to have him as a mentor, thanks for the encouraging words!

Gabe: Thanks for the advice!

Carla: These are great suggestions, I will have to implement these into my routine! I'm not sure who is more excited, me or him :). 

Apr 25, 2011 11:43 AM
Mike Bolaski
Coldwell Banker - 1000 Palms, CA

Lew: Yes, I'm very excited! That's a great metaphor, I will have to remember that and put it to use! Thanks for stopping by. 

Torgie: Yes I was quite surprised. I wrote it early in the am before going to bed. When I woke up I checked my blackberry and had 35 new emails and a voicemail from activerain. Wasn't quite sure what to think!

I will definitely take it with a grain of salt!

Tim: Sounds like the best course of action, I will make to keep it positive! Thanks for stopping by. 

Beverly: I love it! Great metphor, will have to keep it mind!

Apr 25, 2011 11:51 AM
Gene Riemenschneider
Home Point Real Estate - Brentwood, CA
Turning Houses into Homes

I really had no good systematic training in the paper work and sales.  Most of the stuff I know was picked up on line or self taught.  Start with a good broker - that sounds like what you have done.

Apr 25, 2011 11:53 AM
Mike Bolaski
Coldwell Banker - 1000 Palms, CA

Lois: I will definitely check Allan and Borino out, I'm an avid reader and would love to discover anything that can help me! 

Karen: It's been great so far and I'm looking forward to the future. I agree and think my serving experience can only benefit me. 

I'm learning ALOT just perusing the comments as well. Love this place! Thanks for the comments. 

Apr 25, 2011 12:15 PM
Mike Bolaski
Coldwell Banker - 1000 Palms, CA

Ray: Thanks for putting it in perspective, and the well wishes!

Jim - You're absolutely right, the customer is always right. That's a great idea, and a great way of looking at things!

Margaret: Thanks for the well wishes, and I appreciate you taking the time to get in touch with me. It was very thoughtful of you and I definitely learned alot from our conversation. Look forward to interacting with you here on activerain. 

Apr 25, 2011 12:26 PM
Mike Bolaski
Coldwell Banker - 1000 Palms, CA

Ric: I keep hearing that alot, they say that if you can learn to do real estate during these times, when it picks back up it'll be a breeze! Thanks for stopping by. 

Kale: I will definitely embrace that challenge and know it will help me be a better agent in the long wrong. 

I has been a little overwhelming at times, but taking it a little at a time seems to be the best course of action. 

I will be getting in contact with you regarding what you suggested through Keller William's. Thanks for commenting!

Marte: Oh my goodness, that is hilarious! What a story. I did indeed get lost on my first showing as well. I might post a blog about it, as it was an interesting experience. Thanks for stopping by!

Gene: My dad picked everything up on his own as well, although he brought an extensive finance and business background with him, as well as loan officer experience. Our broker is awesome, and that's definitely a great start. Thanks for coming by!

Apr 25, 2011 12:35 PM
Kasey & John Boles
Jon Gosche Real Estate, LLC - BoiseMeridianRealEstate.com - Boise, ID
Boise & Meridian, ID Ada/Canyon/Gem/Boise Counties

You sound a lot like me and my husband.  I was a waitress befor I started real estate.  My dad is broker/owner of the company I work for and we are a small brokerage of 7 licensed agents.  We've been doing it for 7 years now, so we did start in the boom, but have been able to weather the tough market.  One thing I will say that I didn't expect is that you have to be tough and have hard skin - it's a difficult business and people will continue to surprise you.  Good luck!

Apr 25, 2011 04:32 PM
Mike Bolaski
Coldwell Banker - 1000 Palms, CA

John and Kasey: Yes sounds pretty similar! Wish I could have been there in the boom as well. But I think starting out in this market will toughen me up and help me develop skills that might not have been drawn upon as often during the boom. Thanks for the well wishes!

Apr 25, 2011 04:55 PM
Leslie DeLuca
DeLuca Real Estate - Monterey, CA
No One Knows The Monterey Peninsula Like DeLuca

Ask questions, read books, hang out with the people you want to become.  Know the paperwork, understand all of the laws of your State.  Talk to everyone you know, write a letter to everyone you know and tell them about your new career.  Give your card to everyone you see the grocery clerk, the server, the dry cleaners, the barrista at Starbucks..everyone!  Get on Realty-Tra and look for people who are behind on their mortgage and talk to them about a short sale.  It is a fun business, work hard, return phone calls, be your word...activity creates business. 

Apr 25, 2011 05:05 PM
Mike Bolaski
Coldwell Banker - 1000 Palms, CA

Leslie, thanks for stopping by. I have quite a few business cards, I need to start handing more out! Being a person of your word is huge, this is true.

Apr 25, 2011 08:00 PM
Joey Fenwick
Self-Employed, 1st Time & move up buyers,FHA, VA conventiona - Phoenix, AZ
Fenwick Team FHA, VA & Jumbo Loans, Phoenix, Scott

Hi Tyler,

I am only the 2nd mortgage person to respond but I will add to all these wonderful comments in that you need a GREAT team, not a good team, but a GREAT team. Escrow and a lender that gives you and your clients fantastic service. so much has changed over the years and the ranks have been culled but you need to find out what GREAT means today. Interview, get testamonials and referrals and then make some choices as to what they bring to your business and how they can help you grow.

 

Jeanne Fenwick

Apr 26, 2011 05:38 PM
Mike Bolaski
Coldwell Banker - 1000 Palms, CA

Jeanne: Thanks for stopping by. Fortunately our office is pretty much married to a title/escrow company that is from what I understand the best any of our agents have ever worked with. I look forward to a high level of service from them! But I'll always be on the lookout for anything else that will exceed my expectations. Thanks for the great advice!

Apr 27, 2011 10:56 AM