I was thinking of training with a smaller frim (with a mentor(going into the field) I start out w/rentals & work in the area I know best.Any?

Asked by Kristi, 11370 Fri Mar 9, 2012

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Terri Vellios, Agent, Campbell, CA
Fri Mar 9, 2012
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Are you stating you are newly licensed and looking for options on where to "hang" your license?

I would first evaluate what area of interest you will focus on to obtain business. If you are going to focus on property management, then yes, mentoring under someone who has extensive experience is a good option.

As for larger and smaller firms it is going to be a matter of personality. A smaller firm may give you more one on one or could be the opposite, the Broker doesn't have much time for you. In a larger firm they often times have systems and processes in place for you to use as a resource and learn from.

Interview several until you find the one which fits your needs.
Web Reference:  http://www.terrivellios.com
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Nick Sakalis, Agent, Syosset, NY
Fri Aug 9, 2013
If you haven't chossen your destination yet, I can think of no better place then Douglas Elliman for you. It has great training and all the resources necessary to get you started and ready to succeed.
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Gail Gladsto…, Agent, 11743, NY
Sun Mar 11, 2012
Do not limit yourself to rentals. If you don't jump into all of the business, you will not have an opportunity to learn all of the business.

Having a mentor along is a good; it protects the consumer while you are learning.
0 votes
Suzanne MacD…, Agent, Morristown, NJ
Fri Mar 9, 2012
Sorry, Kristi, I don't know your zip code but I will tell you this, depending on how rentals are handled in your area they can be a very good source for immediate income. It's not a lot of income but it's quick and fairly easy. Not only that but an awful lot of homeowners have become what I call 'accidental landlords' due to the downturn in home prices and the economy. They don't want to or don't qualify for a short sale but they also can't sell the home without losing a lot of money so they decide to rent instead. This will become an excellent customer base for you in a few years when the market starts to recover. In the shorter term, many tenants will rent for a couple of years and then buy, so if you stay in touch with both the landlords and the tenants it will pay off in time.

I am not sure what you mean by a 'mentor'. In my opinion, if your broker is getting a piece of your commission for the office, then they ARE your mentor and it shouldn't cost you anything. Their pay comes from their split of your commission. At least that's my opinion, I wouldn't give my commissions away to a 'mentor', find a good broker instead.
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