Mastering The Real Estate Profession

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Education & Training with Ludwig & Associates

 

Motivational Power Quote

 

Mastering The Real Estate Profession

"Perhaps the single most important element

in mastering the techniques and tactics

of racing is experience.

But once you have the fundamentals,

acquiring the experience is a matter of time."

Greg Le Mond, cycling champing  

    

As I see it. . . . . . . .

Mastering the real estate profession  

The real estate profession is one that's in a constant state of evolving.   

What were once successful strategies or tactics are no longer effective. We find ourselves in a place where what we have done in the past may no longer apply.  

Successful real estate professionals have to adjust their approach to the profession and the evolving market conditions. To remain competitive to an evolving professional environment we have to have the right tools and strategies.   

We first have to master the tools of the trade and the fundamentals of the real estate profession. Our fundaments become the building blocks of a solid foundation for our business. A solid deep rooted foundation is required to weather to challenges that we encounter. A deep rooted foundation will support the weight of our business in going forward.  

The professional who successfully masters the fundamentals and the new basics and has the sharpest tools will create a strategic business advantage. A person that consistently applies the skills will accelerate their success journey.   

Mastering the real estate profession is a choice to master the fundamentals of our profession, to become a leader in our field and to become a master our life. In making the commitment to mastery will commit our self to success.  

©2011 Lou Ludwig, Sales and Management Consultant Success Coach, Speaker, Trainer and Author

 

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Re-Blogged 1 time:

Re-Blogged By Re-Blogged At
  1. Praful Thakkar 06/05/2011 07:53 PM
Topic:
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Tags:
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Rainmaker
367,182
Cathy Bureau
www.GreenHomeRealty.com - Alamo Heights, TX
Your Personal Real Estate Concierge

It's the ever evolving aspect that is key here.  I've only been in the business for 6 years so from time to time I get these sarcastic responses from some who are senior to me.... I've been in the business for xx years and ........ I think to myself sure, but those 20 years are reliving the same year every year with no growth. She didn't know that the window treatments, microwave, and wine cooler stay!  I sent her a copy of a listing agreement with the paragraph highlighted.  She had never read that paragraph before.  Wow!  Seller brought it all back and we closed.

I take the time to read my contracrs, learn more tools, and learn about industry changes. It's just being professional.  Thanks for posting.

Jun 05, 2011 09:37 AM #1
Ambassador
744,365
ASHEVILLE 1031 PROPERTIES RESOURCES & REFERRALS
Asheville 1031 REFERRING BROKERAGE - Asheville, NC
Tell Us What Is Most Important to YOU

Hi Lou~ 

Good point as per where we are today and  "in a place where what we have done in the past may no longer apply..." and good suggestions on what to do about this... THX!

Jun 05, 2011 09:38 AM #2
Ambassador
1,010,976
Harry F. D'Elia
Precision Real Estate Inc. - Phoenix, AZ
Investor , Mentor, CSSN, Radio Coach, REOs, ABR
You are correct when it takes time to master real estate. I am still learning new things after ten years.
Jun 05, 2011 09:42 AM #3
Rainmaker
520,853
Mary Douglas
United Country Ponderosa Realty - Red Feather Lakes, CO
REALTOR, Red Feather Lakes, Colorado

The real estate industry is constant changing. I like the fact that continually there is something new to learn; it's not like making widgets.  I also like your advice about mastery, Lou.

Jun 05, 2011 10:10 AM #4
Rainmaker
1,443,473
Kristin Johnston, Waukesha Realtor 414-254-6647
RE/MAX Realty Center - Waukesha, WI
Waukesha County Realtor, RE/MAX Buyer Agent

This can be said of so many things in life...great one Lou...have a wonderful Sunday!

Jun 05, 2011 10:18 AM #5
Ambassador
781,917
Jerry Newman
Green Home Realty, 210-789-4216,www.Selling-SanAntonioHomes.com - San Antonio, TX
Texas REALTOR, San Antonio Military Relocation

Good Morning Lou, Knowing the fundamentals is the right approach to becoming a master in real estate. Staying up and keeping current with all the tools and strategies will certainly improve our skills.

Jun 05, 2011 10:21 AM #6
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Richard Iarossi
Coldwell Banker Residential Brokerage - Crofton, MD
Crofton MD Real Estate, Annapolis MD Real Estate

Lou,

Life is a continuous learning journey. I believe that we continue to build on our own experiences.

Rich

Jun 05, 2011 10:31 AM #7
Rainmaker
535,964
Robert Hammerstein
Keller Williams Valley Realty - Hillsdale, NJ
Bergen County NJ Real Estate

Lou - Yes our profession is constantly evolving and it will always continue that way. We are always learning something new. But that's what makes it so interesting as well.

Jun 05, 2011 10:51 AM #8
Rainer
239,935
Michele Miller ~ REALTORĀ®, LMC, HSE, CHS
Keller Williams Greater Worcester - Worcester, MA
"Your Full Service Professionals"

Lou,

You are correct! The rules along with the market are always changing! I'm never bored in this business!

Jun 05, 2011 11:57 AM #9
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1,581,116
Gary Woltal
Keller Williams Realty - Flower Mound, TX
Assoc. Broker Realtor SFR Dallas Ft. Worth

Fundamentals, practice, evolve... I love these thoughts Lou.

Jun 05, 2011 01:37 PM #10
Rainer
245,168
Shannon Coe
Allison James Estates and Homes - Loomis, CA
916-741-1664, Lincoln, Rocklin, Loomis, Roseville

Love the post. Practice and do better, learn, keep up to date! All good ideas. Thanks

Jun 05, 2011 08:01 PM #11
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Lou Ludwig

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