WHY OBTAIN A MENTOR IN REAL ESTATE INDUSTRY?

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I have been in the real estate industry for the past seven years. I spent the first fourteen years in corporate America. I was thrown into the real estate industry. However, I knew I had to obtain a mentor in order to survive in real estate. I needed someone to teach me the ropes. Real estate is very competitive. Many agents do not like to teach other new agents based on creating more competition in the field. Why? That was my question. There is enough business for everyone in this field. Senior agents brag about their knowledge. However, they are not willing to share it. Has anyone else experienced this practice?

Here were my Top 10 Reasons for obtaining a Mentor in Real Estate:

  1. Professional-Learn from a pro who has been in the business for ten years or more to obtain the same knowledge.
  2. Accountability-My mentor keep me honest with myself at each level. Quit the Long Ranger mentality.
  3. Focus-Mentor teaches you how to balance work and life as you start the real estate career.
  4. Questions-Mentors are there for you to ask as many questions as possible to increase experience.
  5. Mistakes-A good mentor will help you avoid rookie mistakes or walk you through a rookie mistake that happened in order not to do it, again.
  6. Goals-Mentor will help you set realistic goals to achieve.
  7. Best Interest- Mentor has your best interest in mind. Mentor wants to see you succeed.
  8. Investments-Mentor will walk you through a good real estate investment. This will save you money to avoid investing in the next big thing
  9. Network-A good mentor has an established Network in place for one to use in real estate. You do not have to create the wheel.
  10. Compass-Mentor will keep you going in the right direction at all times. A mentor will help you stay on course even when you want to quit.

I hop these reasons that I mention above motivate you to obtain your mentor this year. I would advise not to wait any longer. The real estate market will only become more competitive. The main reasons for me to obtain a mentor were #1,2, and 8.

 

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Comments

My Dad was my mentor. Great info

Posted by Eric Villaverde (DoubleTree Home Inspection Services L.L.C.) almost 3 years ago

#9 is important because most new agents do not have a network.

Posted by Katiejo Franks (Real Estate and Beyond, LLC) almost 3 years ago

I enjoy mentoring new agents. If they want to really learn, then I will teach them.

Posted by Harry F. D'Elia, Investor , Mentor, CSSN Radio Coach, REOs, Networker, ePRO, CDPE (Properties R Us LLC) almost 3 years ago

Mentors are critical. When  I first started, I looked around the company for the person I most wanted to do business like and they ended up not only to be my mentor, but team member

Posted by Janice Roosevelt,Ecobroker, ABR, e-PRO (Susan Manners Team, Prudential Fox & Roach Realtors) almost 3 years ago

Mentors are vital-- my parents were mine and had 3 offices and now I mentor my son and daughter -- how very lucky I am to get to do this.

Posted by DeShazer Ryan Realty almost 3 years ago

Harry,

My Dad also was my mentor early in my career...but as time has passed I have had to seek out these people at different times in my years....

You can learn so much from someone else that has a different perspective to bring to the table.

A timely post!

Posted by Sheila Moran, SanAntonioSheila.com RE/MAX Access, Broker 210-325-6962 (RE/MAX Access (Garden Ridge, San Antonio, New Braunfels)) almost 3 years ago

I have a few mentors in my life. A wise man has several mentors in his/her life.

Posted by Harry F. D'Elia, Investor , Mentor, CSSN Radio Coach, REOs, Networker, ePRO, CDPE (Properties R Us LLC) almost 3 years ago

It is great to have a mentor is the business; I know this will help your success.

Posted by Pat Champion (Coldwell Banker Camelot Realty) almost 3 years ago

Thanks Pat keep blogging

Posted by Harry F. D'Elia, Investor , Mentor, CSSN Radio Coach, REOs, Networker, ePRO, CDPE (Properties R Us LLC) almost 3 years ago

I agree.

I had a mentor program when I first started and in hindsight, I would not have been where I am today without it.

Also, I start tomorrow with my coaching with the Tom Ferry organization!! 

SO ready to take it to the next level!!

Posted by Ralph Gorgoglione - California Real Estate (800) 591-6121 (John Aaroe Group) almost 3 years ago

Mentors are incredibly helpful when starting in real estate. 

Posted by Tony Toto Real Estate Information Gurnee, IL (Education & Information) almost 3 years ago

Get a mentor today. Then, you become a mentor to pass it on

Posted by Harry F. D'Elia, Investor , Mentor, CSSN Radio Coach, REOs, Networker, ePRO, CDPE (Properties R Us LLC) almost 3 years ago

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