Who is a mentor?
A mentor in real estate offers advice and coaching as you begin your career in the real estate industry. Mentoring can be a tough job and it requires the mentee and the mentor to establish mutual respect between each other and to have goals that align allowing the mentee to learn and advance in their career. How to choose a mentor, therefore, becomes a critical topic that requires careful consideration.
What are the alternatives to getting a mentor?
The real estate market requires the expertise of qualified agents, realtors, brokers who have the potential to grow in confidence and in decision making due to the competitive nature of the industry. An alternative to getting a mentor in real estate is enrolling in an academy or looking for a program online.
What mindset should you have before approaching a mentor?
Our guest Sam Weaver, President of Fortune Weaver sat down to speak about his experience when he started out in Real Estate specifically in flipping properties. What was interesting about the discussion was that he mentioned that when he started out, he did not work for free because he had to, the mindset that he had was that his teacher had what he wanted and he needed to do whatever he needed to do in order to get it. He was willing to spend as much time as possible learning from him while at the same time bringing in investors and adding value to his mentor’s business.
After spending a couple of months working for his mentor and bringing him investors, he realized that he was spending money and not making any, which is a dangerous position to be in. When he asked his mentor about the possibility of getting paid, his mentor’s response was ‘I thought you would never ask’ and that taught him a very important life lesson. You should always ask for what you want in life or else no one will just give you things if you do not ask.
Should you work under a mentor for free?
What we can pick from this interview, is when starting out in Real Estate, always have an open mind when it comes to starting small, with or without pay. If the opportunity you have will give you:
- Real-life experience,
- Legitimate exposure
- An affiliation that will add value to your Resume
Go for the free, awesome learning experience and overlook your current situation in order to get to your long-term goals. Accept opportunities that come that will allow you to achieve your career goals.
What are some of the lessons that a mentee can learn from a mentor in real estate
Important lessons that a mentee can learn from a mentor include generic lessons such as business strategy, career planning, and leadership qualities, as well as more tailored lessons in real estate such as client onboarding, real estate trends, and how to close a sale. These are just a few of the topics that can be expounded on, the list is endless!