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What is the prospect coming to the table with?
If they are fresh from crafting subs at FootLong, they will need to pay someone to hold their hand and keep them out of trouble.
If the prospect is fresh from selling instruments of investment, medical equipment or systems, enterprise software, or high cap securities, they won't need much, if any hand holding but familiarization with existing systems.
If the prospect comes to the table having invested so little effort, they did not act as a business person by gathering sufficient information to have a business plan, they are unlikely to be a profitable investment for anyone.
What is best really depends if the mission is for a dolphin to cross the Pacific on a raft (easy, who needs a raft) or a cow to parachute from 45,000 feet and perform the aerobatics (!!?*$!).
With an over 90 failure rate of newbies seeing their 2nd year, it should be clear the current system is criminally BROKEN. Forcing every candidate into the same mold is an exercise if proven irresponsibility.
get together with a mentor and get to be friend with top producers to learn from them, and yes my broker recomendes starting with a mentor also, great question Michelle have a great day
Starting out with a Mentor is a really good way to not get frustrated and to stick with it and also to learn the right way to practice business. I always recommend new agents start with a company that offers great training and mentorship so you are more likely to achieve success. I am with an office that only hires agents with at least 5 years experience and would never recommend brand new agents start with us unless they have a background that is similar.
At KW they charge 50% for the first 3. You get own leads, and find your own customer the mentor helps you to fill in a few spaces. The lowest split is 25%.
San Jose, CA
I think a mentor is a good idea.
We require it on our team
Mentor or coaching is definitely Important for a person starting out but there is alot that a new agent can do as well.
I had a mentor and that really helped. I would follow an agent for a week and then have them help you with your first 3 or 4 contracts. 25% sounds fair at a percentage.
I had to learn by doing. I think having a mentor is a great idea.
Starting off as an assistant or with a good mentor makes things so much easier. Someone to catch the mistakes that are sure to be made on the first few transactions can be a lifesaver.
Mentor for sure Michelle. It takes much to long to figure everything out on your own.
Make it a great week!
It depends. it's not always easy to find a mentor that's available when you need one. Check into coaching as well. I don't think any broker requires mentoring. Check into what trainging is available. You can learn from many different sources. The mentoring % is flexible, but I've heard 35-50% for for fist 3 deals. Some mentors will stick with new agent and even attend settlement. make sure you know what to expect from a mentor before making any agreements.
It is a good idea to have a mentor when you first start .
Michelle Grunberg Working with a mentor is the only way to start in this business. Why reinvent the wheel when you can capitalize on another agent's experience.
New agents in my office get a mentor to help them along their new career. They will go to listing appointments and showings with the experienced agent and vice versa.