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Personality Traits of a Successful Commercial Real Estate Agent

This is a research report on Personality Traits of a Successful Commercial Real Estate Agent uploaded by Derek Lotts in category: All Documents »  Entrepreneurship »  Managing Sectoral Enterprises- Agri and Services section of our research repository.
123 views, 0 comments, Last Update: Sep 17, 2019.
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Tags: personality , Traits Real Estate Agent
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<p><img src="https://i.imgur.com/TfRPbJb.jpg" alt="alt" /></p>
<p dir="ltr" style="line-height:1.2;margin-top:0pt;margin-bottom:10pt;"><span style="font-size: 11pt; font-family: Arial; background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">The real estate industry has changed significantly over the past few years. New technologies have reshaped the entire industry and the way it operates. Nowadays, commercial real estate agents have to face and overcome new challenges if they wish to be successful.&#160;</span></p>
<p dir="ltr" style="line-height:1.2;margin-top:0pt;margin-bottom:10pt;"><span style="font-size: 11pt; font-family: Arial; background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">Most people believe that being a real estate agent is fairly simple; you just have to sell properties and you're good to go. However, being an agent in today's market is far from simple or easy, for that matter. That said, not everyone can do this job. Aside from dedication and commitment to the field of work, commercial real estate agents have specific personality traits that help them become efficient and productive at their job.</span></p>
<p dir="ltr" style="line-height:1.2;margin-top:0pt;margin-bottom:10pt;"><span style="font-size: 11pt; font-family: Arial; background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">&#160;After all, it's more than selling or renting properties; it's about dealing with all sorts of people every day and enduring both the good times and the bad. With that in mind, here are a few personality traits of a successful commercial real estate agent.&#160;</span></p>
<p dir="ltr" style="line-height:1.2;margin-top:0pt;margin-bottom:10pt;"><img src="https://i.imgur.com/aM7513i.jpg" alt="alt" /></p>
<h2 dir="ltr" style="line-height:1.2;margin-top:10pt;margin-bottom:0pt;"><span style="font-size: 13pt; font-family: Arial; color: rgb(79, 129, 189); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">Transparency</span></h2>
<p dir="ltr" style="line-height:1.2;margin-top:0pt;margin-bottom:10pt;"><span style="font-size: 11pt; font-family: Arial; background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">One of the things people oftentimes fail to realize about working in the real estate industry is that if you wish to be successful, you'll have to put your client's best interests in front of your own in most cases. In other words, real estate agents </span><a href="https://medium.com/@payfully/being-a-transparent-real-estate-agent-6da5c96376a" style="text-decoration-line: none;"><span style="font-size: 11pt; font-family: Arial; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">need to be transparent and honest</span></a><span style="font-size: 11pt; font-family: Arial; background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;"> so that they can build a relationship with their clients that's based on trust.&#160;</span></p>
<p dir="ltr" style="line-height:1.2;margin-top:0pt;margin-bottom:10pt;"><span style="font-size: 11pt; font-family: Arial; background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">You might not get rich fast this way but your reputation will certainly help you out immensely in the future. On the other hand, you may be dishonest in your line of work and encourage clients through lies and deception towards making the purchase. However, your rapid monetary gain from such behavior will be short-lived when the word starts to spread like wildfire and with your reputation in ruins, no one will want to work with you ever again.&#160;</span></p>
<h2 dir="ltr" style="line-height:1.2;margin-top:10pt;margin-bottom:0pt;"><span style="font-size: 13pt; font-family: Arial; color: rgb(79, 129, 189); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">Resourcefulness</span></h2>
<p dir="ltr" style="line-height:1.2;margin-top:0pt;margin-bottom:10pt;"><span style="font-size: 11pt; font-family: Arial; background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">Every successful commercial real estate agent needs to know their limits. You must realize just how much you can accomplish on your own and when to look for some help. Nowadays, looking for help oftentimes means being resourceful and tech-savvy. In other words, you must know when to rely on modern technology to improve your own efficiency.&#160;</span></p>
<p dir="ltr" style="line-height:1.2;margin-top:0pt;margin-bottom:10pt;"><span id="docs-internal-guid-3e914dd7-7fff-666d-e92d-e200b210add0"><span style="font-size: 11pt; font-family: Calibri, sans-serif; background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">Technology is there to aid you and that aid shouldn't be disregarded. As an example, if you're an agent in charge of managing multiple rentals, then relying on a </span><a href="https://www.rockend.com/product/strata-master/overview" style="text-decoration-line: none;"><span style="font-size: 11pt; font-family: Calibri, sans-serif; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">body corporate management software from Rockend </span></a><span style="font-size: 11pt; font-family: Calibri, sans-serif; background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">can be of great assistance with your everyday tasks. However, it's not just about technology's potential to help you out. The fact of the matter is that you must be closer to your clients and they're surely using technology to their advantage as well. </span></span></p>
<p dir="ltr" style="line-height:1.2;margin-top:0pt;margin-bottom:10pt;"><img src="https://i.imgur.com/GoyTYxw.jpg" alt="alt" /></p>
<h2 dir="ltr" style="line-height:1.2;margin-top:10pt;margin-bottom:0pt;"><span style="font-size: 13pt; font-family: Arial; color: rgb(79, 129, 189); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">Willingness to improve</span></h2>
<p dir="ltr" style="line-height:1.2;margin-top:0pt;margin-bottom:10pt;"><span style="font-size: 11pt; font-family: Arial; background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">As mentioned before, a successful commercial real estate agent must be close to their clients. In today's market, technology and market trends influence, in many ways, </span><a href="https://www.educba.com/4-factors-influencing-consumer-behaviour/" style="text-decoration-line: none;"><span style="font-size: 11pt; font-family: Arial; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">how consumers behave</span></a><span style="font-size: 11pt; font-family: Arial; background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;"> and make purchasing decisions. What's more, this behavior may ultimately change alongside new technologies or new trends, and this change can happen practically overnight. In other words, you may need a new approach if you wish to remain relevant to clients as well as manage to hold their interest.&#160;</span></p>
<p dir="ltr" style="line-height:1.2;margin-top:0pt;margin-bottom:10pt;"><span style="font-size: 11pt; font-family: Arial; background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">For that to happen, in the first place, you must be willing to improve both your knowledge and your skills. It's even safe to say that you have to keep up with any shift on the market, no matter how subtle it may be. This will help you stay on top of your game and prevent competitors from gaining an advantage over you.&#160;</span></p>
<h2 dir="ltr" style="line-height:1.2;margin-top:10pt;margin-bottom:0pt;"><span style="font-size: 13pt; font-family: Arial; color: rgb(79, 129, 189); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">Passion</span></h2>
<p dir="ltr" style="line-height:1.2;margin-top:0pt;margin-bottom:10pt;"><span style="font-size: 11pt; font-family: Arial; background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">Not everyone can endure </span><a href="https://www.thebalance.com/daily-responsibilities-of-a-buyer-agent-2867188" style="text-decoration-line: none;"><span style="font-size: 11pt; font-family: Arial; color: rgb(17, 85, 204); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">the responsibilities</span></a><span style="font-size: 11pt; font-family: Arial; background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;"> of a commercial real estate agent. The job itself can be quite demanding and, at times, even daunting. Aside from educating clients and giving property tours, there are also a lot of administrative tasks to conduct each day. To a lot of people, this sort of work can seem unfulfilling and monotone.&#160;</span></p>
<p dir="ltr" style="line-height:1.2;margin-top:0pt;margin-bottom:10pt;"><span style="font-size: 11pt; font-family: Arial; background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">However, if you wish to reach success and grow in the business, you must have the passion to move forward. The fact of the matter is that it's much easier to put in the extra hours or occasionally sacrifice personal time for the sake of success when you're passionate about what you're doing. Anything less than that and you may get disappointed for choosing this line of work, to begin with.&#160;</span></p>
<p>&#160;</p>
<p dir="ltr" style="line-height:1.2;margin-top:0pt;margin-bottom:10pt;"><span style="font-size: 11pt; font-family: Arial; background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">The world of the real estate industry is not a simple environment to operate in. Even though there may not be so much market dynamics as in other industries, managing real estate properties can still prove to be quite a challenge. That's why real estate agents for commercial properties must have personality traits that will help them not only survive in the business but also be successful.</span></p>
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