If you're new here, you may want to subscribe to my RSS feed. Thanks for visiting!

Real Estate agents, are you sales people or consultants?

That is the question that is bouncing around these days. Now, it is important to remember that if you do not sell any properties, you are definitely a hobbyist, not a salesperson or a consultant.

But the difference today is very important on how people like to be treated and how you view yourself. If you act as if your role is to sell homes at all costs you will portray yourself in such a way that may turn off a modern customer.

However, if you are a consultant, then your viewpoint is not confrontational but part of the team. Sure you want to sell a home and earn your commission, but the number one goal is to teach and lead them into the correct choice. You are dedicated to the client, not the commission. 

When real estate agents owned the MLS book, buyers and sellers were in their hands. The marketplace was a cartel and hard selling was the order of the day. You want a ranch, I will show you 3 of them and which one do you want to buy.

But todays consumers are all over the internet refining their searches down to the 3–6 homes they want to see. Not what you want to sell them. So when they call they are hoping you will help them with the decision process. Are the homes a proper fit for them? Is there something they have not seen online? Why is this home priced lower than the one down the street?

Sellers are the same. Why should I price my home lower than my neighbor has theirs? What marketing program are you going to implement to get showings and buyers that will lay out the hard cash? Where is the market going and is this a great time to list, or should I wait?

All of these questions can be answered in a salesperson’s paradigm or a consultants. The short term benefits that may come to a salesperson will be a pittance in the long term gains a consultant will earn through future business and referrals.

At some offices, the weekly sales meetings now are more akin to business meetings. It’s not just about sales volume and listings but about real-time market conditions, the local and national economy and mortgage programs. Outsiders like loan officers attend to give briefings on the mortgage marketplace.

Patrick O’Rourke, a regional vice president for Coldwell Banker Residential Brokerage, recently went so far as to send all his agents a 30-minute podcast on the mortgage industry’s meltdown from a finance professor at the Wharton School of the University of Pennsylvania.

“The real-estate agent of 10 years ago is not the real-estate agent of today,” O’Rourke said. “We’ve become more of a resource for our sellers, rather than you just hire us to sell. The agents today know they have to come to the table prepared and if they don’t, it’s a challenge.” via Seattle Times Newspaper.

Related posts:

1. Internet Leads The Way For Real Estate Leads in 2009
2. Vegetarian Real Estate Agent? Why Not…
3. Illinois Real Estate Agent Wins National Chili Cookoff Title
4. Real Estate Agents Give Up Commission Structure in Denmark
5. I Hate My Agent!