Dear Monty: Can a rookie real estate agent be a good choice? - News - DailyTidings.com - Ashland, OR

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2014-12-31

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0 of 3 Premium Clicks used this month SUBSCRIBE Print + Online Subscriber Activation  |  Register x Forgot Password | Need an Account? subscribe | newsletter | deals Home News Latest Stories Cold temperatures will stick around through Wednesday Poetry appreciation event planned in Phoenix 10 things to know for Tuesday Police Reports Ashland ex-swim coach gets 40 months after reconnecting with victim Education In the new year, be sure you have your 'ICE' file ready Walker students show creative chops at Invention Convention Teacher's Tips: Second — and third — chances are there for students For a friend: AHS seniors team up to help former fellow student Ashland builds a bridge across the STEM gap Environment New TAP pumps bolster Ashland's options Most residents speak against gas pipeline proposed for Southern Oregon Home Help: Make your new house feel like home ‘Tis the season — for wild mushrooms Business Dear Monty: Best start for 1st-time homebuyers Ride & Drive: 2015 Volkswagen Jetta TDI Silvio Calabi: Infiniti Q50 offers business-class driving Looking for crown's halo Silvio Calabi: GLA250 is a Merc for the masses Politics and elections State certifies recount showing failure of GMO-labeling measure Local rep to testify before U.S. Senate panel Tuesday Kent Bush: First Amendment doesn’t mean what you think it means State News Police officer shoots armed driver near Reedsport In Portland, mindfulness classes ease stress of high school Nation - World Obama makes Maduro’s ‘insolent Yankees’ line harder to sell Obituaries Death Notices Death Notices Charlene Mae Death Notices Edith J. 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Our View: Embracing downtown's future Our View: Good news this week The vaccination deniers Other Views: Hunting helps the economy Letters Letters to the Editor, Dec. 29 Letters to the Editor, Dec. 23 Letters to the Editor, Dec. 17 Letters to the Editor, Dec. 16 Letters to the Editor, Dec. 11 Guest opinions Guest Opinion: The minimum wage and democracy Herb Rothschild Jr.: New Year resolutions Herb Rothschild Jr.: The role of charity Guest Opinion: Vaccination editorial was disrespectful Guest Opinion: Zionism is not the problem Revels Latest Stories 4 Things to do This Week Community blog: Resolutions for writers SugarBeats headline an all-ages dance party 4 Things to do this Weekend Listings for Varsity Theatre and Ashland Street Cinemas Theater ACT presents reading of 'The Quality of Life' Putting the music into 'A Christmas Carol' Meet the real Jacob Marley Music Rating old-timers’ albums from 2014 SOU presents all-percussion concert Visual Art Ashland's First Friday Art Walk showcases new exhiits by regional artists Movies Interview: Chris Kyle’s widow talks about ‘American Sniper’ film Ed Symkus: My top 15 films of 2014 Listings for Varsity Theatre and Ashland Street Cinemas Walk this 'Wild' way, and observe Movie review: ‘Into the Woods’ is dark and deep Food and Drink Food for Thought: Wintertime wining and dining Cruelest Month: Poetry Blog Lifestyle Latest Stories Dear Monty: Best start for 1st-time homebuyers Mark L. Hopkins: New Year’s resolutions and more HealthStyle: New year, new you Kent Bush: Problems with getting old Religion news: Buddhist temple offers same-sex marriage ceremonies Aging Happens Inner Peace Column Inner Peace Blog Classifieds Jobs Autos Real Estate FEATURED   » Obituaries Photos Videos Blogs NEWS NOW   Cold temperatures will stick around through Wednesday       ...       Ashland Calendar       ...       Guest Opinion: The minimum wage and democracy       ...       Cold temperatures will stick around through Wednesday       ...       Ashland Calendar       ...       Guest Opinion: The minimum wage and democracy       ...           Dear Monty: Can a rookie real estate agent be a good choice? Comment DailyTidings.com Writer Posted Dec. 23, 2014 @ 8:23 am Posted Dec. 23, 2014 @ 8:23 am »  Social News By Richard Montgomery More Content Now Reader question: We are selling our home with an experienced agent. Several occurrences have us questioning the agent’s value; missed or late for appointments, pricing advice refuted by a professional appraiser and more. We have read and been told only to deal with an experienced agent, that we shouldn’t let new agents “practice on us.” Do you agree with this assessment? Kevin and Maggie D. Monty’s answer: This is one of the real estate industry’s most prevalent myths. The notion that experienced real estate agents are the only choice for the consumer is just wrong, yet many “experts” hold and promote this mistaken belief. Another reason the myth persists is that “experienced” agents often are the culprits for spreading this word. When looking for an agent, there are many good ones. There are also many agents that are not so good. It can be difficult to determine the right agent for you because one trait many agents have in common is a pleasant personality. Human nature is such that it is easy to like someone personable, but personality is not enough. With an order in hand, the performance can take a dive. This information may aid you in the selection process. Real estate education and training Almost anyone can gain a license to practice real estate. The real estate industry has low barriers to entry; minimal education and testing requirements, extreme fragmentation and low entry point costs. To receive a real estate license, most states require between 50 and 80 hours of pre-license training and testing. Post licensing, licensees are subject to state required training and also voluntary training opportunities. Here are some examples: - State mandated continuing education - Orientation training with a real estate company - Real estate company ongoing training - National and state real estate association seminars and courses to gain designations - Independent trainers that offer seminars and coaching As independent contractors, real estate agents cannot be required to attend most training functions as required attendance could jeopardize their independent contractor status. The industry emphasis on post license training is about how to identify and gain customers. Reasons people choose real estate as a career Real estate attracts people for a variety of personal reasons. It is an industry that works much like nature where survival of the fittest is a fact of life. The business is also unique because your most fierce competitors can also be your best customers. It is called co-brokerage. Here are the main reasons individuals are attracted to the real estate industry: - Being their own boss and independent - Earning an income higher than their current pay scale - Unable to find a job in their chosen field - Retire from their career and seek to remain productive - A lead generation strategy for investment opportunities - An occupation in which they can “hide” from work but be gainfully employed - An interest in learning more about real estate - An exciting, fast-paced and challenging environment - Part-time income New recruits to real estate companies have a significant failure rate, and many leave the industry within a year or two. Additionally, the burnout rate among more seasoned agents creates turnover as well. Integrity, common sense and duty Many of the traits necessary to perform well for a customer can be mastered quickly with the proper guidance. A savvy new licensee who is motivated and open to learning can become proficient with the knowledge essential for properly serving customers. Some examples of this include mastering the MLS computer systems, understanding the real estate market in a particular section of a town or city and learning rudimentary appraisal principles to evaluate property. Some companies provide a manager or in-house trainers to shadow new agents on the job. Some of the reasons people choose to work in real estate stated earlier challenge the notion that longevity is a significant factor in determining competency. Certain individual traits have nothing to do with gaining experience. For example, work ethic, honesty and common sense are not trainable, regardless how long a person has been in the business. A new real estate agent has often acquired training in a former job that can meet or exceed the standards for real estate training. For example, new agents that have experienced strong customer service training or training in negotiation skills may have a leg up on a 20-year veteran who lacked that experience. Richard Montgomery gives no-nonsense real estate advice to readers’ most pressing questions. He is a real estate industry veteran who has championed industry reform for over a quarter century. Send him questions at DearMonty.com. DailyTidings.com Writer Posted Dec. 23, 2014 @ 8:23 am » Comment or view comments   Reader Reaction »  STAY INFORMED   Email NewsLetter   Sign Up Today   Sign up for our newsletter and have the top headlines from your community delivered right to your inbox. calendar Connect with DailyTidings.com Facebook Twitter RSS Back to top Reader Services Reader Services home Subscriptions Subscriber controls Contact us Submissions Photos Events Letters to the editor Corrections Alerts Email alerts RSS feeds Text Alerts Advertise Media Kit Home Products and services Ad rates Advertising contacts Mail Tribune Daily Tidings The Nickel Shop Our Valley Blogs Stay Informed   Email newsletter   Sign Up Today   Sign up for our newsletter and have the top headlines from your community delivered right to your inbox. Your privacy is important, read our privacy policy. © Copyright 2014 Local Media Group, Inc. 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