Some new agents focus too much on what their commission split is rather than focusing on the training aspect. Real Estate is not easy like most people think. Yes it's a people business, but you also have to know how to write a good contract, counter offer, etc. The devil is in the details, and not knowing how to use the forms appropriately can come back to bite you legally.
Check it out, you will NOT be disappointed.
If you are, I find it very hard to believe!!
I concur with Alex. If you find a someone that you feel is successful in the business and see if you can be their mentee and/or shadow them. Most successful agents are successful because of the systems they have put in place, so their business is working even when they are not!
Good luck in LA!
Congrats on becoming a new agent. It is very important as a new agent that you focus on training and OJT (on the job training). You just finished going to school and learning the laws but now you need to learn how to sell real estate. Luxury real estate is very different from your lower priced real estate sales. I am facing the same struggle here in NY. I want to jump into the luxury real estate market but as a new agent with no experience their will be very few sellers that will be willing to list their house with you. It is very important that you understand the transaction inside out before you jump into luxury real estate which calls for a very different marketing strategy and a different demographic of buyers. A mentor will also be a very helpful tool when starting off, find someone that will be willing to let them shadow you, maybe you can help out as an intern while being able to learn at the same time. I hope this info was helpful, good luck in your endeavors.
All the best,
Exit Realty Search
3928 E. Tremont ave
Bronx, NY 10465
#FHA #vVALOAN #203K
It very likely you live with mom and dad, drive a Camry, and speak, dress and understand like an 18 year old.
It is very likey you are a byproduct of the social engineering of the public education system and are incapable or recognizing and or respecting the values of those who have the wealth sufficient to acquire the multi-million dollar home you want to market.
You CAN NOT see these things in yourself. I can not see these things in me.
This is why the guidance of John and Barbara is of such great value.
A mentor will be your role model, your wing man, your councelor, your teacher, your guide, your very best critic. Beg, borrow or steal whatever is needed to become connected to the right mentor.
Then buckle up! You are in for a truly sensational ride.
In eight years you will read a question by B.T, who is just out of high school, does not value advanced educated, thinks selling multi-million dollar real estate is a piece of cake, and your fingers will be impatient to share what you have learned.
Best of success to you,
Annette Lawrence, Broker/Associate
Remax Realtec Group
Palm Harbor, FL
~ Find a good teacher!
~ Don't expect to get paid next week ~ make sure you have some money in the bank to live on so you don't feel too pressured to try to close a transaction that just isn't working.
~ Work hard and be honest & diligent. Follow up on all your leads.
~ Don't be afraid to ask questions. Don't be afraid to tell your client that you do not know the answer to their question but you will research it and find out.
~ Best of luck to you!
Most of all remember those sales do not happen every month, However if you treat little deals with luxury service you will do well.
That is a well composed heartfelt message. My first bit of advice is to use
a dictionary and double check your use of the English language. We all make mistakes.
Keep in mind the luxury real estate market involves working for very well educated people , who expect a lot. Therefore if you do not mind I just want to point out, one would say " especially " as specially is NOT a word. And advice is spelled like that, vs advise in the context you used the word.
Tomorrow , I will elaborate more . As I admire your spirit and determination. And that you have the willingness to reach out to ask for advice.
Most of all , work hard, be smart , See open houses all the time. And remember what you see. Even
when you do not have a buyer , or seller yet. As tomorrow you may get a referral form a friend , or at a party. So be prepared. successful people are prepared.
Find a mentor. Someone who is willing to guide you and show you the ropes. Pick their brain and learn all that you can. The luxury home buyer/seller is extremely savvy so you better know what you are doing,
Best of luck.
Continue your R/E education even after you complete your schooling, the market and everything in it changes from day to day. Ask as many questions as you can and try and find a good mentor. If you learn better on your own find a great company that will be there for you when you have questions. If your long term goal is to have your own brokerage than you should probably attend a good business school and get that under your belt while you have the time. Real estate can be very fulfilling but it is not for everyone. You have to be strong willed and self motivated because everything in real estate is going to be an upward battle. I cannot say that I would have done anything differently in my first year but I do wish I would have had a little more help and direction in my first 6 months. I did find my way thanks to research and reassurance from my wife. First 6 months were absolutely the hardest and most difficult. Hope this helps and best of luck to you in everything you do.
If you truly thrive on a challenge...consider going to college! Real estate opportunities will still be there when you are finished with your course of study.
Best wishes with your decision.