As a real estate agent, one of the best leadership opportunities you can take on to sharpen your skill set is mentoring a new agent. By sharing your knowledge, you’ll see where your shortcomings are and help grow your network of agents in the process. To provide insight into this mutually beneficial relationship, EXIT Realty Upper Midwest has shared three tips for becoming an excellent real estate mentor.

Seeking Leadership Opportunities? Here’s How to Become an Excellent Real Estate Mentor

1. Listen & Talk through Challenges

As your mentee begins learning new skills, they’ll likely hit bumps in the road. The best way to address these challenges is not through lecturing, but by allowing the new agent to talk them through. Sometimes the best gift you can give is that of a listening ear. Encourage the mentee to share his or her goals and any barriers to success. Ask if there’s anything you can do to help, and then use your knowledge and expertise to help them work through the challenges in a productive manner.

2. Recognize & Compliment Your Mentee’s Efforts

Although there will always be setbacks on the path to learning the real estate ropes, there will be accomplishments as well. Regardless of how big or small, it’s always good to recognize and celebrate these wins, whether they’ve improved their listing skills, led a successful closing, or landed a new client. When mentees receive recognition and praise for their efforts, they will be that much more motivated to continue on and succeed.

3. Check-In On Progress

Throughout the course of the mentorship, it’s a good idea to check-in with your mentee to examine their progress, about every few months or so. This is the time to commend their strengths, suggest areas for improvement, and note progress. It should also be an open forum for mentees to share their thoughts as well — positive or negative — so that you can put a plan in place for continued development moving forward.

If you’re looking to get involved with new real estate leadership opportunities, look no further than EXIT Realty Upper Midwest. With locations throughout Iowa, Northern Minnesota, Minnesota, and South Dakota, this rapidly growing real estate franchise helps elevate real estate careers. To speak with a professional about leadership opportunities or otherwise expanding and improving your real estate business, give them a call today at (651) 505-3570 or visit their website for more information.