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Richard Alan Naggar, agent & author  (people first...then business Ran Right Realty )

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Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

frankly there are so many broker who know not what they do and couldn't help if they tried.  I think an agent needs more 3 years active license status (which it is in my state) to become a broker.  I'd love to see 50 transactions on top of the 3 years. Experience is a good teacher, time is not.

Dec 28, 2022 01:50 PM
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2,722,933
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

My first Broker insisted on a mentor for new agents.  He accompanied me to my first listing appointments, he accompanied me to my first offer presentation.

 

Your idea has merit!

Dec 28, 2022 03:34 PM
Ambassador
5,578,848
Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC
The RIGHT CHARLOTTE REALTOR!

That's an idea but, oftentimes the broker they are with hasn't sold a lot of real estate in recent months. To me, it's not about a timeline but, RECENT sales and a good number of them.

I've seen agents bragging about having been in the business for ____ number of years - typically 20+. They rarely ever sell any real estate and are oftentimes some of the worst agents to have on the other side of a transaction - even worse than newbies! They think they know it all and they are more dangerous to their clients than the rookies. At least a good deal of the time, rookies will ask questions!!

Dec 28, 2022 07:43 PM
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3,454,821
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

The public should NOT suffer from lack of training, education, knowledge, or experience, yet we know it happens. 

Dec 28, 2022 05:10 PM
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2,137,374
Alan May
Jameson Sotheby's International Realty - Evanston, IL
Home again, home again...

In the brokerage, where I first started, the managing broker was very hands-on with new agents, and readily accessible.

But, depending on the situation (the agents, personalities, etc...) that could be a very viable option.

Dec 28, 2022 02:10 PM
Rainer
431,948
Don Baker
Lane Realty - Eatonton, GA
Lake Sinclair Specialist

my wife, who is a broker, when taking on agents oversees what they do all the time and makes sure they are doing it right and mentors new agents. That's what all brokerages should be like.  But some are people/fee collectors with no regard for buyers or sellers.

Dec 28, 2022 01:53 PM
Ambassador
1,472,396
Susan Emo
Kingston, ON
Kingston and the 1000 Islands Area

Ha!  My former broker attempted to mentor his last 6 new agents.  They hadn't one closing between them and all failed miserably and left the business.  When I began, it was a sink or swim situation with me completely on my own and I succeeded more so than the seasoned ones that were there before me.  It all depends on what the new agent brings to the party.  Up here our real estate school is very thorough and leaves nothing to chance other than choosing the right fit of broker.

Dec 28, 2022 04:29 PM
Rainmaker
837,667
Steve Higgins
RE/MAX Kelowna - Kelowna, BC

I definitely think it is a good idea for new agents to have a mentor for at least the first 6 months if not longer depending on the agent. Instead of being thrown in to sink or swim. How many professions out there hire you without any real training!

Dec 28, 2022 03:51 PM
Rainmaker
1,549,870
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Yes.  This is where starting with a boutique agency can be beneficial, because you can get direct support from the Broker.  When I got back in, in 2015, I had my Broker accompany me on my first few listing presentations and buyer showings, just to be safe.

Dec 28, 2022 10:35 PM
Ambassador
6,804,176
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

The public will always suffer as long as many of them work with the lowest bidder.

I generally pick these up after they expire.

Dec 28, 2022 08:12 PM
Rainmaker
6,073,912
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

In Colorado, the first two years, a broker MUST oversee everything a new agent does.  Showing homes, listing homes, closings, all!

Dec 28, 2022 03:58 PM
Rainmaker
1,649,130
Thomas J. Nelson, REALTOR ® CRS,ABR,PSA,RCS-D, CFSP
Big Block LPT Realty 858.232.8722 - La Jolla, CA
Coastal San Diego, Veteran's & Retirees Services

We require mentors on your first 3 transactions at Big Block Realty for all newly licensed agents.

Dec 29, 2022 09:27 AM
Rainer
195,789
Karen Climer
Demetree School of Real Estate - Orlando, FL
Teaching people to pass the real estate exam

I talk to new agents all the time about what broker they chose, why they chose that one, etc.  Nearly everyone who is starting says they are most interested in training.  When they chose XYZ Realty and I ask them why, very often they say because they had the lowest fees or higher commission.  

There are brokers who provide training, mentoring, etc.  But new agents choose to go to the company that does not provide training.  Sometimes people promise training and don't deliver.  But other times, they say, "We have a library of videos."  Then the new agent is upset that they don't have a mentor.  Um, that's on the new agent.  They told you that they only offer a library of videos.  If you wanted mentoring, go to someone who offers mentoring.

Again, I know that brokers overpromise and underdeliver, but we can't ignore that the new agent is choosing to go with the lowest bidder.

Dec 28, 2022 04:03 PM
Rainmaker
5,593,983
Wayne Martin
Wayne M Martin - Oswego, IL
Real Estate Broker - Retired

Been a fan of mentoring for over 40 years!

Dec 29, 2022 04:56 AM
Rainmaker
939,488
Jeff Pearl
Realty One Group Capital / LIC in VA - Lovettsville, VA
Full Service Full Time Realtor

Case by case. Many brokers don't care, and from what I've seen, many "mentors" shouldn't be mentors. Agents can only depend on themselves to seek out and attend the training they need.

Dec 29, 2022 08:18 AM
Rainmaker
1,118,966
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

I know several brokers who ALWAYS require it. Co list with the broker, they do ALL the on the job training, broker gets the production awards and agent gets paid . . . everyone happy.

I am amused but not amazed by how many first year agents already have consent orders (they got spanked by the DRE and it's public record) and they ALL have 'hands off' brokers OR are on a huge 'team' where the team leader's getting the production awards but providing NO mentoring! Those orders don't expire or age out, either. The public can look online and see the agent's transgression and punishment and for what. 

Dec 29, 2022 06:39 AM
Rainmaker
882,207
Brenda Mayette
Miranda Real Estate Group, Inc. - Glenville, NY
Getting results w/ knowledge & know-how!

I agree with the value of a mentor-model and think it should be for a certain number of transactions; not time frame.  

Dec 29, 2022 05:37 AM
Rainmaker
685,002
Diana Dahlberg
1 Month Realty - Pleasant Prairie, WI
Real Estate in Kenosha, WI since 1994 262-308-3563

I don't believe the public should have to suffer the consequences of an inexperienced agent.  I believe doing the business -- actual transactions -- and learning how to communicate with all parties involved for 2-3 years or even having a minimum number of CLOSED DEALS brings experience that time and books do not give.  That is, of course, in my humble opinion.  I can't actually say that sharing my deal with another broker or mentor is actually going to build the experience -- but it will be costly. The school of hard knocks can be the place of higher learning.

Dec 29, 2022 12:10 PM
Rainmaker
757,094
Leanne Smith
Dirt Road Real Estate - Golden Valley, AZ
The Grit and Gratitude Agent

The brokerage firm I work for did have a training and a mentoring process where the first 7 transactions were co-worked with an experienced agent.

Jan 03, 2023 09:04 AM
Rainmaker
1,660,328
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • GRI • HAFA • PSC • Short Sale • Probate

I believe it is a requirement for most brokers to have a mentor during first few transactions. 

Dec 29, 2022 06:20 PM
Ambassador
1,100,112
John Meussner
Catalyst Mortgage - Fair Oaks, CA
#MortgageMadeEasy Fair Oaks, CA 484-680-4852

All I can think about now is the movie "Training Day" ; )

Dec 29, 2022 03:43 PM
Rainmaker
799,179
Tony Lewis
Summit Real Estate Group - Valencia, CA
Summit Real Estate Group Valencia & Aliso Viejo

I don't think any company or Broker of record would or should allow an unexperienced person put them in legal liability.  It should be mandated that a new agent has someone working with them for at least the first three transaction and first two listings.

Dec 29, 2022 11:03 AM
Rainmaker
1,878,328
Lyn Sims
Schaumburg, IL
Real Estate Broker Retired

I think it's a great idea but who wants a 'shadow' on each transaction? Not me! Besides you are not getting paid for it. That is what management is for & they no longer want to nurture newbies.

Dec 29, 2022 06:37 AM