qualifications to be a real estate agent
How a Sales Background Helps Real Estate Agents
A friend on another real estate board talked in her blog yesterday about out how a sales background helps real estate agents. Her research revealed that many real estate agents had no sales training before joining the real estate profession. She commented on how much her corporate sales background helped her in real estate. And boy, can I relate to that. I did not become a top Sacramento Realtor by chance.
From an early age, I won sales contests. Taught me to be competitive and to win. Even today, at my age, going on 67, I still like to win. When I no longer really need to win. It’s ingrained.
One of my first jobs was selling flower seed packets door-to-door in Circle Pines, Minnesota. In fact, I engaged in a lot of door-to-door sales, maybe because I wasn’t old enough to work in a stores. Also, there were not a lot of telemarketers on party-line phones in the 1950s.
Some of my sales background was acquired and some naturally inbred.
When I sold flower seeds, I would engage the person who answered the door in conversation. Oh, I’m not selling anything, lady. Like, where I lived in relationship to them, so they knew I was a neighbor who went to school with their kids. I wasn’t beyond begging them to buy my flower seeds. Or using my mother’s name in the community. The problem with that job was I wasn’t really motivated by money. I simply enjoyed selling every seed packet I had. Creating answers to handle rejection on the fly. Most neighbors could not say no to me.
Did not realize at the time how much a sales background helps real estate agents. I sold newspaper subscriptions for the Circulating Pines (a suburb of Minneapolis) and won a brand new Schwinn bicycle! My parents sure as hell were not buying such an expensive toy for me. I sold more newspapers that year than anybody.
While supporting myself through my senior year in high school, I sold magazines over the phone. People would say, “Oh, I don’t have time to read a magazine.” Oh, really? What about when you’re stitting at the breakfast table, eating a bowl of Cheerios? You’re probably reading the back of the Cheerios box when you could be reading Playboy, for the articles, of course. I take my cues from the conversation. Smile and dial was the name of the game. And not surprisingly, I made good money doing this.
When I moved to Denver, Colorado, at age 18, I sold Grolier’s Encyclopedias door-to-door. Something people would “value, use and appreciate, not only now but forever through the years.” See, I still remember the lines. I memorized a 90-minute presentation and was very good at ad-libbing my delivery. Changing it up in the middle of my performance. Complete strangers let me into their home, and for the next 90 minutes, they were all mine. Very similar to a listing presentation today.
Having a sales background helps real estate agents, no doubt about it. For a short time after moving to Ventura, I became a headhunter. The company sent me for training at IBM, to learn sales techniques. I learned how to sell benefits over features, like a duck to water.
The mere fact that I came up the ranks through working as a title searcher and later as a certified escrow officer boosted my analytical nature. Knowledge is power. But that sales background helped mold me into the top producer I am today. If a person says to me, I don’t think this is a good time to buy, for example, I will die trying to change that thought.
Most agents would shrug, say OK and get on with their lives. But I like to change minds. Just ask my husband what an argument with me is like.
Why Do People Start a Real Estate Career?
Few people know that I bought my first real estate brokerage at age 26. That’s sort of an anomaly, especially for a woman back in 1978. It’s even odder today because there are so few young people in real estate. Why, according to the National Association of REALTORS, the median age of a real estate agent today is 57. I imagine, however, that due to the troubled state of our economy, that median age is about to change.
Why do people start a real estate career? I’ll tell you why but agents aren’t gonna like it. They go into real estate because they can’t get a job doing anything else. That’s the truth. They are misfits. They either can’t conform to the outside workplace or else they can’t get a job.
It used to be mostly the rebels who sought out real estate careers, because in the 1970s, an agent didn’t need even a high school education. It was only over the past dozen years or so that education requirements for brokers were put into place. Today, to get a real estate license in California, apart from passing an examination, applicants must also complete a series of 3 real estate classes and be fingerprinted / checked by the F.B.I. As long as a person doesn’t have an arrest record (and there’s some question about that), just about anybody can get a real estate license.
I came into the business because I was already had a real estate career as an escrow officer. I was swamped revamping deals by helping agents salvage their blown-up transactions due to 18%-and-rising interest rates when I suddenly realized I was on the wrong side of the business. On top of this, I had completed real estate and escrow courses, carrying 20 credits a year, through a community college in Orange County, California, while working full-time at a title company. Not your normal Sacramento real estate agent entry to the business.
But today, we have a wide spread of unemployed people, kids graduating from college who can’t find a job, no matter what. Kids struggling to make it through college who can’t graduate because they can’t get into the necessary classes. On the other end of the spectrum, we have the over-50 group getting laid off. Companies can hire cheaper labor if they can dump expensive overhead. There is little loyalty between employees and corporations. It seems that the majority of people employed full-time are those in-between the 20-year-olds and 50-year-olds.
This means we’ve got this huge group of young people and all of us older people who can’t find work. I see that Warren Buffet is concentrating on young people, trying to pull them into the business. That’s a smart move. That’s what I’m telling my niece to do. Go into real estate. Start a real estate career. She might find that she has a passion for the business. She’s outgoing, personable, smart and hard-working. She seems to gain considerable personal satisfaction from helping other people.
The money is nothing to sneeze at, either.
You hear that, Laura?