...is that they focus too much on information; not enough on application and synthesis of skills.
Those of you who know me know that my day job is as an instructional designer and course creator for real estate agent training courses. I've been a licensed agent myself and a card-carrying member of NAR. And what I can say is that, for all the bluster I've seen in training for some listing presentation courses I've attended, buyer consultations I've been coached on, and such, that advocate comparing compensation models of real estate professionals to counterparts in the law profession, I flinch.
I flinch because the fact is, we have different levels of skills. They're different.
Business Comp Models Should Be Commensurate With Demonstrated Skills.
The demands our industry places on real estate professionals doesn't even come close to the rigor of training and preparation the law profession requires for practicing lawyers. Now, that doesn't mean you shouldn't command a similar degree of respect. But, what I am saying is that the respect you earn, and the compensation models you aspire to, should be commensurate with your skills.
I don't mean skills and training just in terms of hours of education, rather I mean also in terms of having practiced--actually having demonstrated, in a "safe environment" the mechanics of, and decisions associated with, representing a client.
These might include: demonstrating the ability to properly write a contract, demonstrating the actions and communications in negotiating a contract, showing how you devise and act-out decisions about transaction variables and allowing their consequences to play out, and so on.
In short, we don't have the equivalent of lab practice, as we used to call it in school; or "mock trials," as they have in the law profession.
My Wish List For Training Design.
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