The real estate industry can be challenging without a mentor by your side. To ensure that you will succeed in your new career, find a mentor that will nurture your potential.
Your choice of a mentor can be life-changing. Always look for the following traits when scouting for a real estate mentor:
Traits of a Top Tier Real Estate Coach
1. Track record of success
Don’t hire a mentor with ideas; seek one with experience. A solid track record in real estate speaks volumes about the potential mentor. Assess how the mentor dealt with recession and slump periods.
These downtimes will put their skills to the test. Although their ability to make money when the tide is high is a good sign, nothing beats their gumption in the most inopportune periods.
2. Willing to teach
You can find the most successful mentor, but if s/he isn’t willing to mentor you, the engagement isn’t worth your while.
The mentor should be willing to spend time with you. This is the only way that you’ll learn the ins and outs of the real estate industry.
As much as print-outs are helpful, it’s not a substitute for actual mentoring. Meetings and calls are indispensable.
3. Leadership experience
The best mentor is someone who has a visionary goal. S/he is always willing to evolve and improve, thus s/he also aims to do the same for you.
This type of mentors practices what they preach. More so, they impart new knowledge to you the moment they acquire it. Also, your choice of a mentor should see you as their protégé and not a future threat.
The mentor should guide you from the aspects of sales, marketing, and technology.
4. A real estate investor, not just a mentor
When choosing a mentor, look for a real investor and not just someone who’s earning a living from mentoring. Remember, experience is the best teacher.
An actual real estate investor will let you peek into their world. This will give you firsthand experience of how the industry works.
On the other hand, a person who only mentors will just give you theories and ideas that they may not be practicing.
5. Willing to learn from others
A mentor that’s willing to learn from you is a gem. That person should be welcoming of suggestions and constructive criticisms from their students. This way, mentoring becomes a two-way process on which the teacher and student benefits likewise.
Look for a mentor that you respect and will give value to the mentoring job. With this, you will feel like you’re working together as a team and not just a teacher-student setup.
6. A good listener
Of all the things you should look for a mentor, always seek one that willingly listens. A mentor who listens actively is interested in your ideas and opinion. These people will keep your brain working since they can ask questions and provide constructive criticisms.
If your potential mentor keeps on shoving ideas to your throat without listening to what you have to say, walk away and look for another one.
7. Focus on instructions than praises
To learn effectively, you don’t need lots of praises. What you need are clear instructions and constructive criticisms.
A mentor that instructs will let you grow. This way, you will know exactly what you have to do during specific situations. Too many praises will only give you a false sense of achievement. This is the last thing you want to happen.
8. Someone who will hold you accountable
A mentor that holds you accountable for your decisions wants you to be disciplined in the field. These mentors will let you realize the value of taking consequences into account.
Also, having someone putting you accountable will push you to improve and achieve more. This is the biggest difference between topnotch agents and average agents.
9. Someone who makes the most out of every discussion
Mentors won’t be with you every minute of your work. This is why it’s important that they make the most out of every meeting and discussion.
You should get new information at each meeting. If not, both of you will be wasting time and effort. Also, mentoring should be well-planned to guarantee that the process has a direction.
10. An Honest mentor
At this point, you need a genuine mentor that will provide honest advice. They will not sugarcoat your failures. A good mentor will tell you the truth, instruct you on how to correct it, and additional tips to avoid previous mistakes.
Not all mentees meet mentors that can be honest with them. If you happen to have one, don’t be offended and instead use it for your improvement.
Learn more here — > https://breia.com/real-estate-mentoring/