Find A Mentor To Help You Succeed In This Real Estate Market

Education & Training with MW Leadership Consultants LLC

A Mentor Help You Succeed in Real Estate

Regardless of the Economy

By Dr. Margot B. Weinstein, CEO, CIPS, TRC

After thirty years in the business, I have found that one of the best ways for you to take your real estate career to a new level in any economy, is to find a mentor who is currently more successful in the business than you are.  A mentor can provide you with valuable information and resources while at the same time, he/she can help energize you to reach new levels of success in the business.

For these reasons, the number of mentoring relationship both formal and informal has grown dramatically in recent years to help individuals succeed in their careers. The popularity of mentors in career related situations has resulted in a large part by the compelling testimonials given by practitioners, professors, and students who have benefited from the positive influence offered by a more experience individual who has helped them learn how to succeed in academic and industry career situations.

Mentoring comes from the Greek word meaning "enduring" and is usually defined as a sustained relationship between a young professionals or student with an experience adult. In this relationship, through continued involvement, the adult offers support, guidance, and assistance another person goes through a difficult period, faces new career challenges, or works to correct earlier problems in the field.  

There are commonly two types of mentoring relationships. The first is the natural mentoring that occurs informally through friendship, collegiality, teaching, and counseling situations that arise in an academic or workplace setting.  In contrast, a planned mentoring relationship occurs in structured programs in which mentors and participants are selected and matched through formal processes.  In either informal or formal mentoring programs there are several important qualities for people who make good mentors.

Seven Qualities of Effective Mentors include:

1. A Desire To Help or Serve Others. Individuals must be interested and willing to help


2. Have a Good Reputation.  Individuals must have a good reputation in the field.

3. Have Time and Energy. Individuals should have the time and mental energy to devote to the


4. Have Expertise in the Field.  People who make good mentors are extremely knowledgeable

    in their area of the field.

5. Maintain Expertise:  In order to be good mentors, in addition to their expertise in the

    field, they must have demonstrated a continued focus on maintaining up-to-date knowledge

    and/or skills in the field.

6. Possess Mentoring Skills. Individuals make great mentors who have previously both

    developed and demonstrated in the past effective coaching, counseling, and teaching skills.

7. Have Had Positive Experiences with Mentors. Individuals are more likely to be good

    mentors if they have had positive formal or informal experiences with a mentor themselves

    than people who have never had a good mentoring relationship in their career.


I advice you strongly to make sure that your mentor possesses all of the above seven qualities.  Missing any one quality, could cost you not only valuable time and money, but perhaps your reputation. 


But if you are serious in making more money this year, than find a mentor immediately.  As in the words by Albert Schweitzer, "In everyone's life, at some time, our inner fire goes out. It is then burst into flame by an encounter with another human being. We should all be thankful for those people who rekindle the inner spirit."

 Dr. Margot Weinstein, CEO, MW Leadership Consultants LLC, is a renowned career consultant and educator and two time award-winning author in real estate.  She has over thirty years experience in all areas of real estate as a VP of a commercial real estate company. She can be reached at email: or web site is


Comments (34)

Dr. Margot Weinstein
MW Leadership Consultants LLC - North Chicago, IL

Mentors Are A Wonderful Way To Build Your Business Succeed in Real Estate.

Sep 05, 2008 04:13 PM