Saturday 8 June 2013

Advanced Real Estate training Vs Training received through OREA

The real estate industry is a highly competitive industry where 85 percent of the sales are done by only 15 percent of the real estate agents. The real estate industry is highly lucrative and has had a large influx of agents in the last couple of years.  According to Toronto Real Estate Board, the total population of real estate agents has increased by 60% in the past 5 years. As the competition between agents has increased, lot of agents are asking "how can I survive and thrive in this highly competitive industry" especially in the early stages of their careers.

While the training from OREA is the bare minimum required to practise as a real estate agent, it is far from enough to be successful in this highly competitive industry. Top producers in this industry stress the importance of experience as a key factor in becoming successful in the industry.  Unfortunately it takes years to accumulate experience in order to be successful. With the competitive nature of the industry lot of new agents might not be able to get a chance to survive long enough in the industry to get that experience.

Another aspect of the industry being that experience alone is not a sure key to success. Lot of agents have been practising for 10, 20 or more years with mediocre results. You might keep doing the wrong things over and over again and get the wrong kind of experience.

This is why advanced training in the real estate industry is so important. Advanced real estate training can quickly put you on the right track and show you the tricks of the trade to be successful. It can save you years of wasted time trying to figure things out on your own. Actually advanced real estate training can help you get the most out of your experience as well by helping you figure out what you are doing wrong and what you are doing right in an objective manner.