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#215917 - 03/30/08 02:31 AM Let's try asking this another way (1st payday)...
ontheroad1015 Offline
Member

Registered: 03/30/08
Posts: 18
Loc: California
Hi Everyone,

Regarding new agents, I've read that at best you can expect your first commission in about 6 months. I'm licensed and have worked as a RE assistant so I'm not totally green. I've studied sales and read many books on real estate (both written for investors and/or agents).

Anyhow, I like to be a little unreasonable about my goals. What would your strategy be to receive your first commission in 3 months?

Thanks,
Dustin in Los Angeles

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#215970 - 03/30/08 12:59 PM Re: Let's try asking this another way (1st payday)... [Re: ontheroad1015]
super realtor Offline
Major Contributor

Registered: 05/01/05
Posts: 8473
Loc: georgia
Your'e being to general.Write down a plan of action specifically HOW you will reach that goal within your timeframe.

It's sometimes just luck.I know some people who did almost everything right and it took them 7 months to close on something.

I knew this other new agent that met a guy in the line at the bank and he bought a 900k house from her and this was her first month in r.e.

You know what they say "success is when luck meets preperation"

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#216008 - 03/30/08 07:17 PM Re: Let's try asking this another way (1st payday)... [Re: super realtor]
Jennifer Allan Offline
Major Contributor

Registered: 11/12/06
Posts: 1623
Loc: The Beach
I'm a big proponent of Sphere of Influence (SOI) business modeling. If I were going to advise a new agent on how to bring in a commission the quickest, I'd tell them to take two friends to lunch every week. NO PROSPECTING to the friends allowed, just getting your smiling face out there and reminding the people you know how darn cool you are. Oh, and you happen to sell real estate for a living.

But first, I would advise my new agent to really know his stuff. Know his market... his systems... his contracts. If you don't know what you're doing, I'd hate to see you blow it with your SOI before you even get rolling.
_________________________
Jennifer Allan, GRI
RE/MAX Hall of Fame
Author of Sell with Soul, Creating an Extraordinary Career in Real Estate without Losing Your Friends, Your Principles or Your Self-Respect

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