Thread: What kind of training to expect from a mentor

As a real estate agent expenses vary from firm to firm. Usually there's either a % levy or straight out charges for desk hire, phone, secretarial support, etc, etc. Some agencies pay a retainer but it comes out of your commission when you receive it. Some pay commission only and you have to fund your expenses before you start earning. It can be a cruel experience for those who don't know how to build a sales business, or who aren't willing to do what it takes.

A mentor should be someone who is very successful in his/her own right. They should have steady monthly commissions well above average. In Australia I would not consider a mentor who was earning less than $150,000 per annum - that would be my bottom line.

The mentor should literally be able to show you how to turn on the "money tap". He/she should be able to pass on proven strategies for lead generation, acquisition of listings, and for closing sales. Even if they can do that very well for themselves, but don't know how to communicate that information to you, they are useless to you.

If you are following your mentor's advice you should have at least 6 listings in the first month. That would be my test of how effective the mentor is.

Finally I will say that the mentor relationship isn't a parasitical one. It goes both ways. Always seek to add value to your mentor. What can you do for your mentor that is at least equivalent to the value so generously provided? Show you're not a user by seeking to help.

A good mentor is worth more than their weight in gold :-)

A great mentor is the one who isn't teaching, but inspiring. It's the best way to let a student grew his eagerness in learning new things. He must be the one who has proven something big. And let those something big be pass unto you. Lastly, a great mentor is the one who can bring out the best in you. Not just someone who can be called an "agent".

Teach ethics, transaction, lead generation, systems and marketing are a few topics

alot of mentors turn out to be motivators. Most realtors drop out because they are not motivated. So if you are looking for a mentor I would decide if you need motivation or help with techniques. Then look for the qualities you need in a mentor.

I would agree you would want a mentor who is successful. Also one who would be willing to take you to closings, open houses, listings presentations, etc. Your mentor should be able to convey what it is they are doing to achieve success.

Being new to the industry (6 months) and still having constant contact with my mentor, I would say the qualities in my mentor that motive me: her prior success, her vast experience, her easy demeanor, her laid-back character which makes her very approachable, and foremost, her sincere wish that I succeed. Good luck in finding a great mentor and report back your experiences, James.

Find a Mentor with a PROVEN TRACK RECORD!!!!

They must be successful!

Good luck!

I know a Realtor who is asking me to join his firm, and even though I would be attending closings, open houses, etc., he only works till 3:00 (he has a night job and he isn't exactly setting the RE world on fire with his sales). I don't know how to tell him I don't to go along



I'm still deciding and won't make a decision for probably another week or so.


Which do you all think is the best way to find a firm;
1) actually walk in
2) call and ask if they are accepting new agents
3) ??


Thanks in advance.

Mentors who have great experience in real estate business and has good records in terms of closed deals. Mentor who will pursue you to learn his old ways but still encourage you to learn more on new ways.