New Agents Can Get up and Running Quickly

By
Real Estate Broker Owner with Island Style Realty Inc. RB-19250

The consumers in general are looking for the best agents they can find.  They are dealing with the most expensive thing in their lives and do not want to put it in the hands of someone inexperienced.

I bet you are saying, is he disproving the title of this article?  I said can have an advantage, not does have an advantage.  So now that we agree that new agents have a distinct disadvantage, how do we make lemonade from those lemons?

Let's start with one advantage a new agent may have.  Having no or few other clients, they have more free time to dedicate to them and their listings.

What can a new agent do to get up and running quickly?

  1. Consider teaming up with an experienced agent.  You now remove the objection of inexperience and the clients get the best of both worlds.  I seasoned experienced agent and a new energetic one who will dedicate a lot of time to them.
  2. Take advantage of all cheap or free opportunities.
    1. Car door magnets and window lettering.
    2. Business cards and refrigerator magnets (you can buy peal off magnets at the office supply store and apply them to your business cards).
    3. Wear you name badge or have you tag embroidered on shirts.  Wear them every chance you get.
    4. BLOG!!!  Active Rain is free and a great way for clients to meet you.
    5. Door to door canvassing.  Create a newsletter or market report and deliver them door to door.  Shoe leather is cheaper than postage and more personal.
    6. Sit other agent's open houses and have handouts and marketing materials to hand out.
    7. Sit all the floor time you can get.
    8. Send out press releases to local newspapers.
    9. Build a professional website.  If you can not market yourself, how will you ever market their home?  Clients are on the internet and they are checking you out.
  3. I know the conventional wisdom is to chase FSBOs (For Sale By Owners).  In some areas like mine, every fresh agent out of school is bugging the daylights out of them.  They have been told by a dozen green agents why they are idiots for trying it on their own.  If anything I would visit the FSBOs in person to preview their home and be friendly.  I always carry a copy of my market report for their neighborhood and share with them a copy.  I never push them for a listing, especially on a first visit.  There is a reason why they are not using an agent.  After being attacked by the green pea agents their resolve is probably stronger than before.
  4. Expired listings are another source every real estate school teaches you to go after.  They are also getting bombed by the green peas.  There is a reason their home did not sell.  Many times it is because they were simply over priced.  If the last agent could not get them to price it right, what will you do differently?  Also they are probably extremely annoyed by the volume of contacts they are getting.
  5. This is probably the most important item on the list.  HAVE A BUSINESS PLAN!  This is a business, if you do not have a written plan, what you do have is a plan to fail.

We all had to start from a stand still when we entered the business.  When I started I had to overcome the objections of potential clients.  It was not easy, it took hard work and dedication.

One last tip for new agents:

Make education a key component in your business plan.  Designations will help build you credibility in the market place. 

Posted by

 

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Randy L. Prothero, REALTOR®

Principal Broker, ABR, AHWD, CRS, e-PRO, GRI, MRP, SFR

Island Style Realty Inc.

Team Leader - "The Prothero Group"

Randy Prothero is well established as an expert in working with military / VA clients and first time home buyers.  His home seller's (listing) campaign is one of the most aggressive marketing programs in the area.

Based out of Mililani, Hawaii. Randy services the island of Oahu (Honolulu County) Performs mediations and ombudsman services for the Board of Realtors.  To improve overall professionalism in his area Randy also offers classes for real estate agents. 

www.HawaiiRandy.comOahu (Honolulu County) Property Search  Hawaii Military Relocations

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Comments 86 New Comment

Rainmaker
617,417
Randy Prothero
Hawaii REALTOR, (808) 384-5645
Island Style Realty Inc.

Jeff & Grace - WOW!  That is absolutely incredible. 

Those who do not recognize the power of blogging are surely missing out.  THANK YOU!

August 23, 2008 01:46 PM
Rainmaker
132,016
Ana Connell
Burbank Real Estate Agent
G & C Properties

Love your post Randy.......great information!

August 25, 2008 04:42 PM
Rainmaker
617,417
Randy Prothero
Hawaii REALTOR, (808) 384-5645
Island Style Realty Inc.

Ana - Thank you

August 25, 2008 05:02 PM
Anonymous #85
Anonymous
Ana Belmiro

Well, i have been an agent for 4 months now and i have to admit that getting people to truly help you and been thorough with their "insights" is so hard. As a new agent i have all the time and energy to go after FSBOS/Expireds but lack the real foundation to do so. I took a class when i began but there is so much information that i am so overwhelmed and cannot find a away to filter everything and do a good job. Altough i am new to sales i am not new to Real Estate and really want to build a good foundation for me. This is the perfect time to learn because i don't have much to do but i need help filtering everything that has been thrown at me. Your ad is good and true in many ways but the only thing us the green agents can do is to pursue these opportunities and make our mistakes so we can learn and improve in the future.

August 31, 2008 02:06 PM
Rainmaker
617,417
Randy Prothero
Hawaii REALTOR, (808) 384-5645
Island Style Realty Inc.

Ana - You might consider looking at a different office.  Many offices offer a better support structure.  There are also experienced agents who are looking for folks to join their team.  That is a great way to learn the business while making some money.

You other option is to spend more time on Active Rain.  It is free and the members here will openly share their knowledge with you.

September 01, 2008 01:08 PM
Rainmaker
617,417

Randy Prothero

Hawaii REALTOR, (808) 384-5645
Ask me for a free valuation of your Oahu Home.
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