Cultivating a Successful Real Estate Business: Mentorship

Real Estate Success Tips > Finding a Mentor

In this series of posts, we’ve covered the basics for making it in the cutthroat industry that is real estate. As one of the toughest markets to get into, there are a few considerations to make in order to guarantee your success. First, you should have a backup plan to supplement your income while you’re starting out. Next, seek out a mentor. Establishing this professional bond with an experienced agent can give you insight and advice into the industry and give you an edge over the competition. Before reading on, secure your operation with a NM Real Estate Professional Liability insurance policy.

Set the foundation.

You often don’t have a lot of resources to leverage your success when you first start out, which is why mentorship is so beneficial. To reap the benefits, you’ll need to seek out someone who possesses the skills you want to emulate and someone who shares similar interests. It’s not recommended that you ask someone who has the job you want outright to mentor you. Instead, let the professional relationship evolve naturally. Establish this mentorship on a basis of trust and mutual respect.

Accept feedback.

At some point, you are going to get some critical feedback from your real estate mentor. This is a good thing, because it means the relationship has become comfortable enough for him or her to call you out on something. Remember: Your reaction when that happens is crucial to your growth. Do your best to accept the criticism gracefully and heed your mentor’s advice, suggests Real Estate Express.

Remember, the more feedback you retain, the more you can refine your strategy and improve your business. Ultimately, your acceptance of critique will allow you to grow as a real estate agent.

Put in the work.

Committing to a mentorship is the first step. Now, you’ve got to stick it out when the going gets tough and be ready to learn and grow as time goes on. Especially after all the ground work is completed, take the time to nurture that professional relationship and reap the benefits.

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