Welcome to Reliberation Sign in | Help
in
Latest Most Popular Active Watch List Amigos  
Litchfield County CT Real Estate

Real Estate - It's Just a Job

By: Dan Tolman
Thursday, April 05, 2007 12:52 PM

Four years into the business next month, and I can still count on two hands the number of Realtors that I know personally who are successful in every sense of the word.

Those people are socially, professionally, and financially accomplished in their fields, and they all have one common denominator that I can see.  They go to work every day, and they treat their profession like a job.  They work hard, they study and stay current on education, they support their local Realtor board and all go to great lengths in terms of research and understanding of the current market.

They are quick to return phone calls, are always extremely helpful in explaining their listings, they follow up on details and are always willing to offer advice to others when asked. 

As I interact with more and more Realtors, it has become clear to me that many feel there is something special about being a Realtor.  I disagree.   We don't have any special talents that others do not possess, we don't incur any special challenges that other professions don't face, and we don't occupy any special place on the cultural rung of professional occupations. 

Being in the process of 'hiring' several new agents, a common thread to the conversations I am having during this process lead me to believe that Realtors feel like they are on the outside of business looking in.  Where do I fit in?  What should I specialize in?  How do I break into the market?  So and so seems to have that market locked up, how can I break in? 

Inherent in a lot of these discussions is that somehow Realtors are 'less than".  That we need to be super-dependable, super-efficient, and extraordinarily knowledgeable to even have a chance at a career at real estate.  I think it's all nonsense.  In the addiction field there is a common observation that addicts either feel "super-human or sub-human".  It's the same analogy of being on the outside looking in, not knowing if you belong, or where you might fit in.  The feeling of euphoria when a good deal is struck, and the remorse when business is not so good.

I tell agents this.  If you made every deal, then you wouldnt have to work past February 15th of each year. Your customers are the same as you.  They are professionals in other fields, they have a family, and they are looking for guidance to help them find or sell a home or property.  You are no different than they are. You are no more accomplished than they are, and you are certainly no less.  If you know yourself, then you know your customers.   You should be proud to be a Realtor, it's an honorable profession.  Don't get hung up on the commissions, the percentages, the public persona, and the real estate system of the day hype. Do your job.

Having worked with executives from all walks of life I can tell you that there is always pressure in every field.  A fat salary doesn't equate success, stock options don't secure your future, and a large office means little more than more dusting. 

Being a real estate agent is a very mainstream occupation.  It has one unique quality which I would never give up and that is the ability for you to make it your own.  If you could create any job in the world, what profession other than real estate provides as many, varied opportunities for you to put your personal stamp on it?  Don't be on the outside looking in, be a Realtor.  It's your job, it's my job and everyone that meets me knows that I absolutely love it.

 

 

 

<< Read More at Reliberation.com

Comments

Chris Shouse
Member Since '04

Chris Shouse said:

Very Very well said and I concur, nothing beats the feeling you get when especially a first time homebuyer finds a house and is able to obtain it with a Realtors help.  Nothing like that feeling in the whole world.

Chris Shouse

April 5, 2007 2:14 PM
Michael  Giannuzzi
Member Since '03

Michael Giannuzzi said:

Hello Dan i wouldn't be in any other profession iam 24/7 iam learning about income property Appraisal..............The future value of a dollar $100,000.00 in 10 years at 10% Interest comes out to about $259,374.................not a bad investment................World Vision Properties Realty

April 5, 2007 2:29 PM
RE/MAX Presidential
Member Since '06

RE/MAX Presidential said:

Dan,

Well said- and so true !

In our industry we are often misled to believe that the only way to truly be successful is to be MORE than our competitors...MORE available, MORE tech savvy, MORE willing to rush out at any hour to assist a buyer or seller.

Although being dedicated and giving back to your profession is admirable, there is a 'tipping point' that will begin to undermine who YOU are.

It has been wisely said that Success in Life is like a three legged stool.Each leg represents your Personal, Work and Family commitments. If any of them are not in balance, the stool will tilt and fall. By respecting a healthy balance of all three areas you succeed fully as REALTOR as well as a person...and that makes all the difference in your long term health, financial success and happiness.

Honor your work but ALSO honor your life. Real success is more than who has the highest GCI or sold the most homes. Those that are fixated on real estate compromise other areas and in the end--they always fail.

Keep in THE END in mind and THAT is what will provide you true success as a REALTOR.

The surprise is that our clients understand this and despite the few tough clients that wish to simply use you, the vast majority would rather work with someone who is a professional and exemplifies that by a personable demeanor and a noticable inward satisfaction that only a truly balanced life can provide.

Real Estate...like 'pizza' is a great thing. But obsessing on either will eventually harm you and it will lose the luster and appeal that made us choose this profession to begin with.

Stay balanced and you will Stay Successful !

April 5, 2007 2:31 PM
Timothy Cregan
Member Since '07

Timothy Cregan said:

I guess I am simple, however I have always believed that you get out what you put in. That the effort you put forth is directly related to the success you have.  I get angry when my wife and I go into the office after showing 12 houses to 3 clients and we still have to get ready for a listing appointment and agents are playing solitaire on the computer complaining that the market stinks.  You get out what you put in!!  

April 5, 2007 3:00 PM
Todd Clark
Member Since '06

Todd Clark said:

I just closed today with a couple that lost their home two years ago due to foreclosure. They are both back in a good financial situation, their credit score is now above 700 and I was more than happy to find their family a home. It felt good to hand the keys to them!

It really is more than a job to me. I change lives, you just can't do that in a job! My career doesn't stop at the front door of my home!

It also gives me the freedom to make as much or as little I choose to make. I love helping people and the more people I make happy the more I make. My last career, I was a wedding DJ and even though it doesn't make a lot of money, you also have the same effect on people. The wedding day is the biggest day of a brides life and making them happy was so rewarding. (The reason I left was because the equipment got heavier) OK, I got older and my knees and back couldn't hold the equipment up anymore.

But the same reward I got from DJ-ing is the same reward I get helping people find their dream home.

April 5, 2007 3:13 PM
Marcia Gelfand
Member Since '06

Marcia Gelfand said:

Todd, I have many clients who would love to know how to get their credit scores above 700 in just two years after being foreclosed n.  There is no way they have the money to pay all their debts in that time frame.

April 5, 2007 3:38 PM
Heather Chambers
Member Since '06

Heather Chambers said:

What an encouraging post! I'm a relatively new agent and it's so easy to get discouraged, especially when there are people around the office who have a negative outlook on the market, their job, their clients, etc...Thanks Dan for your words of wisdom!

April 5, 2007 6:42 PM
Al Block
Member Since '04

Al Block said:

People can purchase a home 2 years from foreclosure if all other credit has been golden.

MY COMMENT:  I understand what Dan said about this being just a job, HOWEVER, if I just do my job (the bare minimum) I'll do okay for me and my clients.  But by crafting my skills (which now after lots of education on the technical side of real estate, appraisal, real estate finance, and law), I can do exactly what Todd said . . . I can change lives.  The skills and all we know, can do so much to help our clients on so many levels.  We deal in what is to most people, their largest asset.  A dumb agent can screw it up, a smart Realtor can make it so much more.

April 5, 2007 7:49 PM
Dan Tolman
Member Since '06

Dan Tolman said:

No, thank you, Heather.  Just be yourself, set your goals, and steamroll towards them.

April 5, 2007 9:19 PM
Kathleen Cope
Member Since '06

Kathleen Cope said:

I am in a slump.  I have tried everything I know to get out of it.  Our office split 9 months ago.  The only signage is a decal on the front door.  I have always been successful until 9 months ago when my business totally died. Everyone thinks we went out of business because nobody knows about our new location.  I have paid for my own advertising telling of our new location and still nothing.  Our phones stopped ringing when our office split.  Company A kept the old phone number and has not missed a beat when it comes to production.  I am not treating my business any differently than before so what is going wrong?  My broker says it is me-I need to work harder.  I say it is lack of structure, advertising and concern about the new office.  Anyone got any ideas?  kcope@insightbb.com

April 6, 2007 12:11 AM
Anastasia Boyd
Member Since '05

Anastasia Boyd said:

Hi Dan,

In your post it is liberally mentioned about "professionals" and "professionalism" and I know that the courts, our clients and the public look upon us as being required to act as professionals and in a professional manner.

During a discussion in a licensing upgrading program the facilitator gave a definition of a professional! That description was that a professional is paid REGARDLESS OF OUTCOME! i.e. You lose a court case but the lawyer gets still gets paid, etc., etc.

A good post Dan!

Regards and Good Skill,

Anastasia

April 6, 2007 1:50 AM
Rod Doris
Member Since '06

Rod Doris said:

Great read Dan!  Good responses by all!  Now about Kathleen, what advise can we offer her as a group that would help turn her boat around in the right direction fast?  Kathleen, what do you mean when you say that your company split, and why didn't you go with other half that's successful?

April 6, 2007 1:19 PM
Dan Tolman
Member Since '06

Dan Tolman said:

Thanks Rod, and you're right.  It sounds like we need to offer our fellow agent some of our experience.

I would add this to Kathleen.  Kathleen writes  "I have always been successful until 9 months ago".   Freeze that point in time when you felt successful and draw out at least 3 things that were happening to you then.  What was going on in your personal life, what customers were you working with, what was your production, etc.  There are clues there.

An office break-up could be thought of as a family break-up of sorts, and I'm sure it's been hard on you emotionally.  It may have caused you to lose not only momentum but confidantes, clients and peace of mind.

So take that inventory of what was going on in your life when you felt successful, write it down and begin your search to recreate it.

For me, I languished in real estate under a corporate umbrella for a while, and when I did some serious soul-searching, I thought back to a time when I had previously owned another company and the office was always buzzing with new contracts, fantastic clients and the good feelings of success that can only come from high personal accomplishment and teamwork.  I took that as a strong signal that I needed to break out on my own,  and recapture that success.  I have done that, and it's a very powerful thing.

In other words, if you can do it once - you can certainly do it again.

To me, your broker's reply that  "it must be you" when you were looking for guidance tells me they do not have the mental energy necessary to manage people.  If it were me, after I was certain I knew what I was looking for, I would begin confidentially interviewing other brokerages to find the environment and professionalism you need.

I'm pulling for you.

April 6, 2007 2:07 PM
Klaus Nicholson
Member Since '07

Klaus Nicholson said:

Dan, you must be one of those successful realtors!  The same people that your talking about are also doing more repeat business.  My wife does not advertise a great deal and she is leaving all the internet stuff for me to figure out, but she has children of old clients knocking on the door all the time.

Marcia,

13 months from foreclosure to home ownership with,the right coaching. Credit scores usually in the low 600 range.  I have also found several lenders willing to forgive up to 5k in bad debt.

April 6, 2007 3:43 PM
Karen Weger
Member Since '05

Karen Weger said:

Thanks Dan. I too am one of those handful of successful agents. It took me a while though to get the groove. First, it was mentioned before about the 3 legged stool. Good post. That is so correct. If your home life or other is in turmoil it is tough to work a proffession of this caliber. Clients can read you. If you are struggling, unhappy, broke and desparate, they can read it and they don't want to be part of it. You must always smile, and put out a positive radiance. I had to leave real estate once while divorcing. I could not fake it. Now....

I am doing great.

Another thing I have noticed. Too many agents try to conquer the world. Very few offices, franchises any more baby sit. You are basically on your own, to market, get clients and survive. You  do not have to compete with a huge office and think you need hundreds of leads like the old style offices who tried to supply leads. You are one person. Concentrate on 10 leads a week. Usually one out of 10 will work out. One sale a week is a very good start or in some price ranges, markets an excellent salary. Some choose to do this by concentrating on a niche market if you are in a large area. For example...First time homebuyers, one neighborhood, 2nd or vacation homes, etc...I worked for 4 of the major firms before going independent. I do everything myself. Home office right now. I am looking for a few agents to work with me as a team, new ones OK. I am willing to mentor an agent in return for help.

Kathleen, if the office politics and negatism does not fit your bill, find an independent in your area like me to take you under their wing and mentor you. Or a team at one of the larger offices.

You all mention some great advice and encouragement. I like to encourage. It is a wonderful occupation when you get the groove. Good luck to all!

April 6, 2007 5:15 PM

Add a comment

To post a comment you can sign in using a Point2 ID. Sign in.
Don't have a Point2 ID? Join Point2 NLS or post as a guest.

My Blog

Dan Tolman
Yankee New England Real Estate

Dan Tolman
Member Since '06

recent comments
"qualifying leads working it..."
Dan Tolman
"qualifying leads working it..."
Dan Tolman
"she didn t really do this d..."
Dan Tolman
"she didn t really do this d..."
Dan Tolman
"are you still in a slow mar..."
Dan Tolman
"buyer s agent for internet..."
Dan Tolman
"how many sales have you closed"
Dan Tolman
"when did i get old that was..."
Dan Tolman
"how many sales have you closed"
Dan Tolman
"do you require registration..."
Dan Tolman