Getting started in real estate can be a daunting task. Networking, learning about the market, getting licensed, building prospects, and much more. While it's certainly not an easy task, it doesn't have to be so overwhelming.
A question we are often asked is what we would tell a new realtor getting started in the business. One of the best things a new realtor can do is to find a real estate mentor and start cultivating a successful relationship with them. This simple step can help you tremendously by enhancing your ability to launch a long, successful real estate career.
Mentorship comes in different shapes and patterns, but all agents can benefit from the guidance of others, no matter how that mentoring is delivered. Having a mentor and choosing a Broker with good training can help fast-track your career and ensure that you avoid mistakes that other agents are making
How do you find a mentor? It can be challenging. You want to choose someone who is established in the industry, and who you admire. But it's not as simple as just finding that person, you need to get that person to want to mentor you as well.
Once you identify someone who you think would be a good mentor, you should approach them and offer to help that agent with some of their deals. Be willing to do some of the dirty work for them and in return you will gain valuable insights into their process and what has made them successful. You can learn a lot about the process and will see that there is a lot more to it than simply 'selling' - “ think title insurance, surveys, liens, deeds, among other things.
You should view your mentor as an advisor - “ someone who offers feedback and advice as you reach certain milestones in your career. You can not treat the relationship like an internship or apprenticeship where the individual will pass on all of their knowledge to you so that you can join their team in the future. As a realtor, you are an independent business of your own. You should aim to create a long term relationship will slow steps and building blocks at the beginning that you can nurture into something bigger.
Ask around, you will likely find that a number of your colleagues have had professional mentors and that those relationships are often priceless. Mentoring takes time and can be hard work - but the benefits are endless. Take your time to find someone who will be a good fit for the long run and let the relationship evolve naturally. Working with a mentor may be the best thing that you ever do for your career!