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Choosing a Real Estate Mentor

Having a real estate mentor can make it easier to succeed in Real Estate. Knowing how to choose a mentor can help you make the most of that valuable relationship. Here are some important qualities to look for in a Mentor, and a few suggestions to finding the right one for you.

Qualities to Look for In a Real Estate Mentor

1. Focused on integrity. Look for someone whom you consider to be a good role model. You want an advisor who shares your core values. They don't have to be rich and famous. Anyone you respect and admire may be a good mentor for you.

2. Look for a mentor with relevant experience. Look for an active full-time or Retired Realtor with the appropriate background, expertise, and contacts.

3. Find someone with complementary strengths. Look for someone who can assist you in areas where you feel that you need further development. For example, if you're concerned about your presentation skills, negotiation skills, people skills, or knowledge of contracts.

4. Look for a good listener. A mentor is a facilitator and a sounding board. Ideally, they'll help you develop and create your own solutions.

Finding The Right Real Estate Mentor…For You

1. Start with people you know. The right mentor might be under your nose right now. If you have colleagues and acquaintances that you admire and want to emulate, they may be ideal candidates.

2. Research additional prospects. To find someone with the right experience and skills, you may need to go beyond your current network. Online tools such as LinkedIn, Facebook groups or local chapters of trade associations can be great resources for finding accomplished individuals in any industry.

3. Ask for help. If you feel shy about asking someone to mentor you, remember that your prospective mentor may feel flattered that you appreciate his or her wisdom and skills. If you're approaching a mentor you don't already know personally, you can send a letter of introduction summarizing your request and asking for a brief meeting to talk it over.

4. Discuss your objectives. Start out by talking about your goals with your mentor. If you decide to work together, you'll want to develop measurable objectives along with an evaluation plan and timetable so you can track your progress. An initial conversation can clarify if your mentor is really in a position to provide the kind of assistance you need.

5. Communicate regularly. Ensure you and your mentor both understand your mutual expectations about the amount of time you plan to invest in this relationship. Make sure you'll be working with your chosen mentor directly…not an associate.

Working with a real estate mentor gives you the opportunity to learn from their experience and expertise. Choose your mentor wisely, and you'll be one step closer to getting everything you want in your real estate career.

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