Thread: Trying to Learn Everything before You Begin

[QUOTE=AlexGates;64859]This trap is very common amongst people who are risk averse. As we mentioned earlier, knowledge does indeed reduce your risk in the world of investing. However, the undeniable truth is that the best knowledge only comes from experience and not from text books. It can be very tempting to sit at the starting line, learning and preparing, hoping the conditions will be perfect before you begin but that

I have found it overwhelming to try to learn everything before you start really working with clients. I found it easier to ask questions, read, and learn as I go. Also listen while your in the office to more experienced realtors as they work deals.

Wow this post really sums what I am going through. I am a new agent and am feeling overwhelmed by all the different areas to become proficient in - before mingling with prospects. I am very apprehensive about "getting out there" and saying something exposing me to liability, letting a prospect walk away, leading conversations, not knowing what to say, limited experience and market knowledge, etc, it's driving me crazy. Working with buyers, marketing, networking, going through a buyer or selling listing presentations in the right steps, disclosures, on and on.

In fact just today my mentor brought up 1031 exchanges again, and if I am taking a listing and I overlook pointing out certain tax implications, recognizing the triggers of certain tax situations, I can be sued quite easily because I should have known.

Basically it is "analysis paralysis," or to quote the OP, "risk averse." Soon I will try harder and do floor time anf try to host some open houses to get there talking to people - but I'm terrified.

Just wanted to say how directly I can relate to this thread. Wow. Any additional specific advice on how to break out of this paralysis would be helpful.

[QUOTE=AlexGates;64859]This trap is very common amongst people who are risk averse. As we mentioned earlier, knowledge does indeed reduce your risk in the world of investing. However, the undeniable truth is that the best knowledge only comes from experience and not from text books. It can be very tempting to sit at the starting line, learning and preparing, hoping the conditions will be perfect before you begin but that

[QUOTE=AlexGates;64859]This trap is very common amongst people who are risk averse. As we mentioned earlier, knowledge does indeed reduce your risk in the world of investing. However, the undeniable truth is that the best knowledge only comes from experience and not from text books. It can be very tempting to sit at the starting line, learning and preparing, hoping the conditions will be perfect before you begin but that