Importance of Mentoring In Your Real Estate Career

Real estate is an industry that is always changing. While the general premise stays the same, how it is done, the market that you work in, and ways of connecting with potential clients and colleagues is a continuous evolution. Combine this, with continuously changing real estate laws and practices, the customer service element, and the overall demands of the industry and it is no wonder that more and more real estate professionals are becoming supporters for mentoring within the field. Linking the novice with the experienced, both parties reap the rewards.

What Exactly is Mentorship?

Mentorship is a relationship in which a more experienced or more knowledgeable person helps to guide someone that is less experienced or less knowledgeable person. In terms of the real estate industry, this generally means that an experienced real estate agent mentors someone that is relatively new to the industry. The mentor may be older or younger than the person being mentored, age is not a factor, mentorship is based on experience. Mentorship experience and relationship structure affect the way that novice industry professionals connect, work together and communicate.

What are Some of the Benefits of Mentorship in the Real Estate Profession?

Mentoring relationships that are formulated properly and are well executed are there to assist in the participant's professional growth and development. These relationships allow the participants to learn new skills under the direction and advice of a seasoned expert and in many cases, that expert picking up some new ideas from the personal that they are mentoring. There are a number of organizations that implement mentoring programs in order to align the goals of the company with the professional development of its employees. That said, for many choosing for find a mentor is a personal choice. Either way, the benefits of a positive mentor/mentee relationship are overwhelming.

How can Mentoring Impact the Satisfaction that One Gets from Their Real Estate Career?

Mentoring is it through a program or set up individually is a fantastic way for novice real estate professionals to adapt to the organizational structure and culture within the real estate field.  Those serving as coaches and mentors within an organization gain personal and professional satisfaction by sharing their expertise with other employees.

What can Mentorship do for Industry and Employee Moral and Spirit?

Mentoring is known for being able to boost employee and professional morale and engagement. A supportive atmosphere or positive relationship with an experienced mentor in the same industry can improve productivity and strengthen relationships between professionals within the field. This is one of the primary reasons that so many companies now weigh the costs of implementing a mentoring program against the high cost of employee turnover to determine the benefits of coaching and mentoring.

How to Connect with a Real Estate Potential Mentor?

There are a number of ways that you can find a real estate mentor. By no means do you have to find a mentor through an online site, however, for someone new to the industry, who does not have a lot of connections in the field online resources are a huge asset. In other cases, novice real estate professionals find someone within the company that they are working with or someone that they have met via networking. 

What Should You Look for in a Mentor?

Every mentor/mentee relationship is different. However, there are a few important factors to consider and remember when you are looking into when trying to find the right mentor for you. This includes:

  • -Finding out what their expectations are and expressing what yours are.
  • -Are you able to clearly express your needs, and what you are looking for in a mentor? Being comfortable enough to speak openly with your mentor about their role in your career and growth is absolutely necessary.
  • -When looking for a mentor it is important to remember that your mentor/mentee relationship is not all about you. This is a two-way street that both of you can benefit from.


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