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The Benefits of Working on a Real Estate Team
The freedom to work independently and on your own schedule may have been what drew you to a career in real estate. While this a very attractive element of being a real estate agent, you might want to consider giving a little bit of that freedom up to join a real estate team. There are numerous benefits to working on a real estate team that many consider well worth the cost. Making the decision to work on a team can give you the experience necessary to become more successful, and make it a little easier to meet the goals you have for your career.
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Become a More Profitable Agent
Many of the agents who reach their income goals dedicate every free moment to growing and maintaining their business; it takes up all their time. These agents earn great money, but they don't have time to go out and enjoy their success. Larry Kendall teaches agents how to maintain a high level of income while freeing up more time to go out and have a life.
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Bidding Wars: Writing and Negotiating the Winning Offer
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Stand Out from Competitor Real Estate Agents: A Few Key Tips (Part 2)
Welcome to part two of our series on how to stand out from your competitors in real estate! In today's post, we dive deeper and show you how to become dominant in a competitive real estate market. Part one of this series mentioned three key points: being active on social media, creating your own agent website, and staying connected to your clients and leads through e-newsletters. Part two will focus on how to elevate your real estate brand, enabling you to stand out from your competitors.
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Stand Out from Competitor Real Estate Agents: A Few Key Tips (Part 1)
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Your Ultimate Guide to Being a Top Real Estate Agent
Becoming a top real estate agent isn't always about having the best looking photo on your lawn sign or getting a secret resource to send you hundreds of leads every month. It isn't even about being born with the skill to negotiate great deals. Becoming a top real estate agent is, in fact, about acknowledging the requirements of the job and then equipping yourself with the right tools to excel at what you do. It's not easy to become a top real estate agent. But it's not impossible either.
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Video for Real Estate Agents: What to Do If You're Camera Shy
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How to Showcase Your Professionalism in a Virtual World
Working remotely is the new normal. Casual Friday had become a daily event for many. But real estate agents working from home need to keep up their professional appearance, as it's no longer uncommon for an initial client meeting to take place on Zoom. And that's one thing that hasn't changed: you still only have one chance to make a first impression. How do you make a great first impression – virtually? Here are some tips to looking – and acting – your best for your virtual meetings, whether you are going online to meet a client, host, or participate in a meeting. Avoid creating distractions: One of the reasons Zoom works well, particularly for those working from home, is its virtual background. Many people don't have a home office and are working out of a bedroom, dining room, or basement. If you do have a home office, great. But remember that any complex background can be distracting. Also, any movement behind you – pets, kids, or spouses – makes it hard for people to pay attention to what you say during a virtual meeting. A simple virtual background that mimics an office, home office, or meeting room works best. It helps make you look more professional in this setting. Think face-to-face: While it's impossible for a virtual meeting to connect with someone in the same way as in-person meetings, act as if you are meeting face-to-face. That means you need to look directly at the camera. It's not easy, but it appears to the other person that you are looking right at them. And listen carefully to the other person, and don't be distracted by your image. For virtual client meetings, make sure you have your meeting software set to show their face full screen, not yours. Don't dress - or look - differently: Agents have different dress codes, depending on what is customary in their market. For a virtual meeting, don't dress down. Dress as you would if you were attending a meeting in person. The same rule applies to your appearance. If you want to put your best foot forward, you may not have to wear shoes, but you better be dressed for the part. Remember, your visual image can have a more significant impact on forming a first impression than meeting someone face-to-face. During a Zoom call, you are telegraphing: you are what you wear. Don't be afraid to mute yourself: One of the advantages of a virtual meeting versus one in-person is you can hit the mute button. If you have to yawn or cough when your client is talking, hit the mute. As long as you are comfortable with the technology, please mute yourself when someone else is talking. If you are taking notes on your keyboard during the meeting, this will avoid the sound of clicking keys drowning out the person trying to talk. Be early to your meeting: If you are the host of the meeting, arrive 5 to 10 minutes early. Being early telegraphs that you care and are making the meeting a priority. It also suggests you are well organized and undoubtedly punctual. It's just another simple way to showcase your professionalism. Focus: One of the biggest challenges of any virtual meeting is for everyone to stay focused and pay attention. If you are looking at another screen and checking email during a conversation, it's akin to checking your phone when talking with someone face-to-face. It is considered rude and unprofessional. Be kind, be considerate, and always listen more than you speak. What's the easiest way to do that? Ask questions! Importance of electronic etiquette: Making a great first impression means you must have the technology that puts you in the best light – literally. Invest in a separate video camera, a unidirectional microphone, and a proper ring LED light. Avoid windows or bright lights directly behind you. A meeting can't be effective when a client can't hear or see you clearly. High-speed internet access is a must, and if you share a connection with others, ask them not to stream anything during your calls. Also, make sure you are not interrupted during your meeting and try to avoid distracting background noise. Restart and test: For any crucial meeting, restarting your computer 20 minutes before your appointment can help you avoid connection and other technical issues. Then test your mic, your camera, and your lighting to ensure everything is in working order. Have a Plan B: Stuff happens: your computer could die, you could lose power, or the internet goes down. Don't panic. Every major video call service offers a mobile app. Be sure you have the app installed on your phone, sign in, and test it. Have a stand ready to place your phone in should your computer call fall. That's what professional do – plan for the unexpected! Evaluate and refine: If you can record your meeting, do. Use the recording to do a self-assessment of how you did and what you can do next time to improve. Remember, when you attend a large virtual meeting today and look at the many faces on a Zoom call, you can instantly spot the ones who are professional and those who are not. So can your clients and prospects. If your MLS or association provides you free access to Tech Helpline, and you have any questions about setting up a virtual meeting or need to troubleshoot any video call tech issue, reach out for assistance! When you make a great first impression virtually, you can win over a new or existing client every time. Tricia Stamper is Director of Technology at Florida Realtors®, which owns and operates Tech Helpline and Form Simplicity.
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How Can Agents Compete in a Hot Market? Tried and Tested Tips to Get Noticed in a Crowded Marketplace
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Real Estate Essentials for New Agents
You are a new real estate agent. You are just starting out in the field and have no sense of direction. Yes, you learned a lot while getting your real estate license. However, common sense things such as what to bring, what to have with you at all times, or what to do before you get out there wasn't really explained to you. You've just come from a 9-5 office job and do not know what this entails. We've put together a quick list of a few things that could help you out when you are getting out there. These real estate essentials will surely get you off on the right foot.
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8 Tips for an Agent Safety Month Unlike Any Other
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3 Things Today's Consumers Expect from Real Estate Agents
Consumers still find plenty of value in working with real estate agents. In fact, 89 percent of buyers in 2019 purchased their home through an agent or broker. That's because the type of qualities good agents bring to the table—experience, deep market knowledge, and the ability to be ahead of the curve—are just as valuable to clients today as they were 10 or 20 years ago. The only difference is how they prove these things to prospects. So, with that in mind, here's a look at what consumers expect from real estate agents today—and how to ensure you're the one they chose to work with: Past successes and happy clients Who wouldn't want to work with a real estate agent who has a proven track record of success? The challenge, though, is conveying that information to prospects. After all, even if someone sees your ad on Facebook or hears about you from a friend, they'll still Google you to decide for themselves. Therefore, the number one action agents can take is to maintain a strong Google business profile. Think of it as Google's quick-load version of your resume and references. It contains your contact information, a bio, posts that highlight your listings and deals, and reviews from past clients, colleagues, friends, and family. Market knowledge You know you have expertise in the neighborhoods you specialize in, but how do you communicate that deep market knowledge to prospects who find you online? There are three main places to do this: your digital advertising, your Google business profile, and your website. Each of these spaces will show your audience a different side of your professional expertise. First, your digital ads can illustrate your expertise in two ways: Run a listing advertisement for your recent deal or newly listed property. This is a "show, don't tell" way to communicate your expertise. Promoting your current work, whether a listing or a deal, shows that locals trust you as the local expert to represent them. It also indirectly signals that you're an active, successful agent. Because those who aren't wouldn't have a budget to spend on advertising. Turn the camera around and actually tell your audience what you know. Use a video ad to talk directly to buyers and sellers. Tell them what you know about the neighborhood, recent housing trends, or give them a tip that proves you know the market well. Second, after potential buyers and sellers see one of your ads, they'll often turn to Google to learn about you. Make sure all the fields in your profile are filled out. Provide as much content in your bio as possible. Tell consumers who you are, define the areas in which you do business, and talk about the niche you specialize in. Post new content regularly, too. You should always include your latest listings and deals, but it's also recommended to mix in posts that illustrate your market knowledge, whether you answer a frequently asked question or explain an interesting market stat. And, finally, third: Prospects who are still curious will click into your website to dig a little deeper. Tell them who you are on the main page and on the About page. Offer a CMA tool for sellers and a market newsletter to buyers. Include a lead capture form with a compelling call to action (CTA) so they can contact you directly if they're ready to talk further. Digital savviness In today's digital-first world, all aspects of the home-buying journey can be conducted online, from the home search to the closing appointment. Consumers want to work with an agent who maintains that pace. This is true for both buyers and sellers. The best way to demonstrate your digital savviness to buyers is to have a robust online presence. Catch their eye with a scroll-stopping ad on social media. Wow them with your "resume and references" on your Google business profile. And present a professional, mobile-responsive website with built-in real estate functions. When it comes to tactics, sellers expect digital advertising to play an outsized role in your marketing efforts. Given how much time consumers spend on Facebook, Instagram, Google, and Waze, it's simply become status quo to publish listing ads on these platforms. Beyond saying you'll advertise on these sites, you need to show proof that your past ads have generated positive results for your clients. The best way to do this is by showing performance reports from past successful ad campaigns. You can generate these for free when you run Homesnap Pro Ads and even schedule them to send to your seller on a regular basis to keep them updated on your marketing efforts. They include key metrics like views, clicks, leads, and more. You can even automate your digital advertising with Homesnap Concierge, a fully managed advertising platform, and lead qualification service. That way, you'll never have to worry about the minutiae of promoting a listing; Homesnap will automatically publish ads across Facebook, Google, and Instagram for you. You can even run Coming Soon ads to gather leads for your new listing before it actually hits the market. To view the original article, visit the Homesnap blog.
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How to Achieve Work-Life Balance Working from Home
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Free Time? Grow Your Real Estate Business with These Best Practices
It's easy to get caught up in the workday and just have no time to yourself. You often find yourself thinking about what you would do if you had an hour or even 30 minutes to yourself. Here are a few best practices you can follow to help your business, even during your FREE time.
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What I Wish I Knew Then: Top Agents Share Their Advice on Making It in Real Estate
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Get Your Calendar Under Control: Time Management Strategies to Reclaim Your Day
If you feel like you're constantly running but never getting anything done, you may have a problem with time management. Take some time now to figure out where your time is being wasted and where it's being well-spent. If you find a lot of time being ill-spent, try out some of the time management strategies outlined below.
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Are You Ready to Deal with Gen Y First-time Home Buyers?
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COVID-19 Listing Cancellations: Don't Panic, Just Do This
Barbara Betts sold real estate through the great recession, but this is truly an unprecedented time. We have to remember that everything was different in 2008; housing led that recession – it was on very unstable ground. Homeowners were being irresponsible; we were overbuilding. Therefore the 2008 recession was a housing recession. We already had a housing shortage going into 2020, and we will have another little shortage through this, but Betts is confident that in Q3 things will start to look up again. In the meantime, during this uncertainty, agents may be asking themselves, "How am I going to get through this? Am I ever going to sell real estate again?" The answer to that is Yes, you will! If you are in real estate, you have to be active; now is not the time to give up. You control your attitude and your activities.
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[Free Download] What NOT to Do Before Closing
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Selling Secrets from Top Sales Associates
Top sales associates know that when you're selling a home it means going the extra mile when prepping and marketing it. The end results are so worth the effort with a signed purchase offer. Here's how these real estate professionals are making it happen for their clients.
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Rebuilding Your Real Estate Business After COVID-19
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Be the Agent Consumers Are Looking For
As consumers ramp up home buying activities, a variety of publications are pushing forth how-to articles and guides about choosing the right agent. Many of them advise would-be buyers and sellers to be more discerning than ever, as worries about COVID-19 make the type of vetting that usually comes from in-person interaction and rapport building difficult. More specifically, these articles are advising consumers to find agents who are well-versed in technology and online marketing, as these types of forward-thinking agents are more likely to adapt to a mercurial real estate market and provide better services to their clients.
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5 Reasons Agents Don't Make It Past Their First Year in Real Estate
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4 Ways to Pass Time and Be Productive as a Self-Starter Real Estate Agent
The weather is only getting better outside and things are starting to look up. But it is still too early to go about your usual activities. Your favorite retail spots are still closed, a lunch with potential clients is out of the question and you can't really go watch the latest movie you were keen on seeing. Why not make use of this time and be more productive? This does not mean you have to wake up at 7am, get your coffee, and start working everyday. You can have your own routine and this could just work for you. Here are a few ideas to pass time and be productive as a self-starter real estate agent.
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The Work-at-Home Real Estate Agent: How to Survive and Thrive
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The Importance of Letting Go: Betrayals and Deals Gone Sour
"Never be a prisoner of your past. It was just a lesson, not a life sentence." - Unknown Whether you are new to the real estate business or a seasoned professional, being betrayed by a client, friend or family member can feel like a stab in the back--or even worse! It can also affect how you continue to do business. It's not just an unfortunate circumstance that affects your immediate income. Not being prepared to handle adverse outcomes can affect your self esteem and future success in the business.
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3 Most Important Ways to Use Your Quarantine Time Wisely
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WATCH NOW: Top 5 Secrets from Top Producing Agents to Navigate These Times
Our Coffee Chat series is a big hit because we've had such great guests giving us practical and affordable advice about how to ride out the COVID-19 storm while preparing ourselves to be ready to go when the floodgates open after our shelter-in-place orders have been lifted. With all of the new skills we're learning, we believe that our NEXT normal way of doing business is going to be easier and more profitable than ever! Mike Minard, CEO/Owner of Delta Media Group, joined us Friday and shared some great tips. Below are the five key takeaways from his session, Top 5 Secrets from Top Producing Agents to Navigate These Times. Watch the session recording here: Five tips for you: 1. Embrace Change Learn how to do virtual open houses and virtual showings. 2. Upgrade Your Marketing Get active on social media with helpful tips for your clients and prospects Reach out to each of your clients and reassure your clients that real estate will rebound Deliver market reports, RPR reports, etc. to show them that the real estate market and the value of their home is still strong Educate them about the low, low mortgage rates available right now. 3. Organize Your Client Relationship Management Software Make sure all of your contacts from all sources — MLS, phone, sticky notes, etc. — are ALL entered into your Client Relationship Management (CRM) tool Organize your CRM contacts into groups so you can customize your communications by area, interests, family make-up, length of time since they purchased a home, the place you met them, etc. Tag each contact in your CRM so you can send notes to many that sound personalized. For example, if you know they are interested in high school sports, you can send them updates from the local school. 4. Provide Real-time Communications and Upgrade the Reasons to Engage with Your Website Sign up for updates from your local town and county so you can provide real-time COVID-19 updates Sign up for updates from your local banks and unemployment office so you can provide updates on how to apply for relief benefits Take the time to update your website with bio, awards and designations Add testimonials to your website Add market reports to your websites – saved searches, market performance/analytics, etc. Watch your website closely for inbound leads. Respond immediately – leads coming in are more qualified than ever. 5. Customize Your Marketing Plans Using the tags/groups you have built, provide customized content that is sensitive to COVID-19 attitudes Reach out to specific groups with content specific to their interests. Tune in for more daily Coffee Chats at 12pm ET/9am PT with our president and host Marilyn Wilson. Here are RE Technology's guests for our upcoming Coffee Chats: Wednesday, April 15: Alicia Berruti, National Speaker, Bomb Bomb Thursday, April 16: Jim Lawson, VP of Sales, Marketing & Client Servies, Terradatum Friday, April 17: Kim Hansen, COO and Dionna Hall, CEO with Broward, Palm Beaches & St. Lucie Realtors®
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How to Thrive in Challenging Times
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Real Estate Is Now Considered an Essential Service According to U.S. Government
On Saturday, the U.S. Department of Homeland Security Cybersecurity and Infrastructure Security Agency (CISA) updated its list of essential services during the coronavirus (COVID-19) crisis and expressly included residential real estate. The order now includes residential and commercial real estate, including settlement services, as essential services. However, if a state, city or county has an order with a more restrictive standard regarding what qualifies as an essential service, or more restrictions on activities, those guidelines will still govern the activities of a licensee. Here's the official notification in you want to read it in full.
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First Time Sellers: What They Might Not Expect
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2 Must-Have Resources for Every New Real Estate Agent
One of the hardest things to get accustomed to, for many new agents, is the fact that they no longer have a boss. That's a good thing in many ways. But it also means that you are responsible for everything that happens in your business. You are your own boss; you now own a small business and every penny that you make will be the result of your efforts. So lose the employee mentality and get to work gathering the critical resources you'll need to get your new business off to a roaring start. Money Right out of the gate, if your broker is a member of the National Association of REALTORS®, you will need to join as well. But this involves obtaining membership in your local association first. Then you'll be a member of both the state and national associations, all with their own set of dues and fees. One Nevada agent we spoke with calculated that his association dues as a beginning agent (including MLS fees) would run him close to $1,500. Your mileage may vary, but be prepared for this huge expense as soon as you land at a broker's office. Then, there are desk fees (if your broker charges them), money to market your new business, and a plethora of other money sucks. Business cards Many brokerages will give you a box of business cards when you first start with them. Naturally, these business cards are brokerage-branded. So if you work for Keller Williams, Redfin or another broker, that name will be prominent on your business card. Free advertising for someone else's brand – it's genius, but don't fall for it just because it's free. Politely decline the offer and go about creating your own business cards. In 2020 and beyond, minimalism reigns. Keep the card uncluttered and free of useless information (such as your address and a fax number). Here is what your card should include: Your name Title Best phone number to reach you Email address Website URL (list only the domain name, such as AnitaDeal.com) Logo, if you have one License number, if required by your state Should you include your photo on your business card? Those for and against the practice offer good arguments so it's hard to pick sides. We would be remiss, however, if we didn't let you know about the results of an informal study of the practice. Adjunct professor and attorney Eric Bryn's group of researchers mailed 2,000 nearly identical postcards. The message on each was identical, but 1,000 real estate postcards included a photo of an agent and the other 1,000 did not. The mailing resulted in a 10 percent response rate and all 200 responses were to the postcards without a photo. Professor Bryn used the same technique on other types of real estate agent marketing, including business cards. Each time, the pieces without the photo outperformed the pieces with a photo. Sure, there are many additional tools and resources every new agent should consider including in their new business. These two, however, are the most critical.
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How to Sell a Home in a Shifting Market
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Top 5 Ways to Prepare for the Real Estate Busy Season
Real estate's busy season always seem to creep up on you faster than expected. Believe it or not, it is almost that time of year again. As a real estate agent, springtime means much more than beautiful weather and blooming flowers. Springtime can make or break the year for a real estate agent. It is time to buckle down and be dedicated to doing everything you can in order to have a successful season. Home buyers and sellers are geared up and ready to go by springtime, which means you need to be too.
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4 Tech Tips Every Agent Should Give Their Clients
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How to Kick Start Your Real Estate Career on the Right Foot
Don't you just love new beginnings? You're filled with ambition and hope, ready to embark on a fresh new chapter of your life, it's so exciting! Maybe you're getting ready to begin a new career in real estate, or perhaps you're a seasoned agent who can recall the thrill of the early days. Either way, there are a few key things to keep in mind as you start your real estate career (or keep it going) on the right foot!
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Should I Join a Real Estate Team?
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6 Creative Ways to Freshen Up a Stale Listing
Even a great property with professional marketing can fly under the radar in the real estate world. According to Zillow, the average home was on the market for 68 days last year. But anyone who has bought or sold a house before knows things can happen much faster or slower. If you are struggling to find the right buyer for your for-sale property, you are not alone. Below, you will find six tips to bring new life to your listing.
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The Importance of Self-Care for Real Estate Agents
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A Guide: How to Become a Real Estate Agent
So, you've heard you can make a good living as a real estate agent, and you think you have a decent sense of the real estate agent job description. But how do you get in on the agent life? Taking clients around to find their dream house may be a highlight of the job, there's a lot more to the role! As an agent, you'll need to know how to review property values and sale prices. You'll need to make recommendations for listing prices and bids. You'll need to learn to estimate your own real estate salary according to expected commissions and plan your finances accordingly. You'll need to be ready to work through negotiations, which can get thorny and drawn out. You'll need to know neighborhoods and cities — not just the perks of living there, but also any laws and regulations related to residential real estate, too. No wonder the job requires a real estate license! There's a lot to learn, but the job is ultimately a rewarding one. Here are eight important steps for how to become a real estate agent:
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Real (Estate) Talk: How a Single Mom and New Agent Achieved Success in 6 Months
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6 Success Tips for the New and Pro Real Estate Agent
"Whatever your mind can conceive and believe, it can achieve." - Napoleon Hill How you think and what you do as a real estate agent on a day-to-day basis is what defines you. Yes, there are good days and bad days; after all, we are human. Yet, as we enter the fourth quarter and end of 2019, now is a great time to evaluate your strengths and weaknesses. Did you reach your goals or exceed them? If not, let's evaluate how creating a new mindset can propel you positively, beginning today! Whether you are a new real estate agent or an established pro, mindset applies to everyone. Are you open to pursuing a new, strategic and energizing belief system? Following these steps can catapult you to a new level of success in business for 2020.
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How Rookie Real Estate Agents Can Survive in Any Market
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3 Ways Real Estate Agents Can Use Time Management to Improve Their Business
We all know that an effective time management plan is essential for a productive business, but how well do we really manage our time? You might be shocked to learn that, according to a recent survey, the largest chunk of a typical real estate agent's day – 37 percent – is spent running errands. This is followed by administrative tasks at 19%, email at 18%, the internet at 12% and social media 11%. Only 3% of a typical agent's daily time is actually spent talking to clients! If you really want to be productive, achieve your goals and reach next-level success, you have to take stock of how you spend your day, stop wasting time on activities that aren't making you money, and put a plan in place to help you get more focused and productive. Here are some steps you can take today to start building an effective time management plan for your real estate business.
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How to Stay in Love with the Agent Life
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Want to Make More Money? Consider One of These Real Estate Niches
If you follow the annual "The 1000" list from RealTrends, you may wonder how those agents make it so big in real estate. In our opinion, the list tends to be a bit misleading, with team agents often listed as solo and vice versa. Then, there's Ben Caballero, always ranking number one in the "Individuals by Transaction Volume" category. He is most likely an excellent agent. But he is not your traditional "solo" agent, as the category implies. He "oversees a team of 22 people" who helped him sell "$2.2 billion worth of homes in 2018," according to BusinessInsider.com. For the purposes of this blog post, however, he makes all that money by specializing in a real estate niche. He sells only one type of home, which happens to be first on our list of profitable real estate niches.
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How to Go from New Real Estate Agent to Neighborhood Expert
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Starting Your Business as a New Real Estate Agent
The requirements to become a real estate agent are pretty minimal. Just about anyone can become an agent. Succeeding in real estate is another matter. A large percentage of new agents never make it past their second year. Before you launch your career in real estate, try to have enough income set aside to support yourself for two years. This will give you time to get your business going.
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Information Management: An Important Part of Being Organized
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Have You Ever Considered What Your Slash Says About You?
Do you have a good "/" or a bad "/"? The slash (/) has many different names, like stroke, slant and right-leaning stroke, to name a few. Many of us define it as a substitute for the words "and," "or." For example, "his/her" is an appropriate use of the slash to mean "or." Looking on LinkedIn, I see slashes used a lot, like "Residential/Commercial" or "REALTOR®/Associate Broker," which I think is very good for explaining that you are working in the same field, just in a slightly different position. One of the most famous slashes in all of sports was Kordell Stewart with the Pittsburgh Steelers. He was a Quarterback/Wide Receiver/Running Back and became known simply as "Slash". For Kordell, having all those slashes enabled him to have a 11-year career in the NFL. First, let's discuss good slashes. Many of us have divisions in our career—I looked at my LinkedIn account and would need five slashes to list everything I am currently doing. All five of my areas are closely related and work well together and actually strengthen the different areas I list. A speaker needs research on a subject, which can lead to writing and can lead to training. Listing the same task done with different organizations can offer credibility—but again, like Kordell Stewart, it's all in the same basic vertical of expertise. Now let's look at bad slashes. When looking for a professional to provide you a product or service, you need to see if they have a slash. Would you go to a doctor/Uber driver? Lawyer/lawn care? Funeral director/exotic dancer? As you can see, the slash can help you or hurt you and cause people to doubt your commitment to the primary product or service you are offering. During the housing crunch of 2008, I saw many REALTORS® adding a slash to help them through rough times. I sure hope they have since removed the slash. I see new agents concerned about leaving a current position to take on a new challenge in real estate adding the slash. The public sees the slashes, and I am sure they consider the slash when selecting a person to help them with their needs. So, I ask again: do you have a good / or a bad /? Dick Betts is a national speaker, trainer and consultant. Learn more at www.DickBetts.com
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WTF? No, it's not what you think.
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Understand the 3 Ps to Win and Sell More Listings
As an agent, you have many responsibilities when it comes to selling a listing. You have to be able to price, package, and position the listing so that you can sell the home quickly. That is exactly what real estate maverick Jim Remley had to say about selling a listing quickly. Remley, one of the top 1% of Realtors in the nation and Principal Broker/Sales Manager at John Scott Medford & Ashland, recently hosted a 'Secrets of Top Selling Agents' webinar to share how to position a listing for a quicker sale. Here's a quick rundown of his advice:
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Just When You Think You Are Having a Bad Day!
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Instant Offers: How Real Estate Agents Can Compete
Instant offer companies are a real thing and they are here to compete with you for their fair share of the real estate market. However, you should enjoy that people are reacting to instant offers as they have. Why? Because it opens up a whole new kind of untapped marketing strategy that might lead to you closing more clients. In this guide, we will teach you how to create marketing campaigns and close these instant offer clients.
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Why Agents Should Try 'Cluster Tasking' over Multitasking
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5 Strategies to Generate Seller Leads and Build Better Relationships
It's no secret that seller leads represent an enormous opportunity for your business. But are you struggling to attract and convert them? Just like with buyer leads, generating and converting seller leads is all about relationship building. The internet and digital media have drastically altered the way we interact with prospects, but the need to build relationships is as important to real estate as it ever was—it's only the way we build relationships that's changed. The best way to build relationships with seller leads is to increase your visibility, provide a strong value prop, and stay in consistent communication. We compiled a step-by-step process of proven strategies top agents use to attract and build relationships with seller leads.
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5 Tips for Building Trust with Clients
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How NOT to Get Ripped Off by Your Contractor: Protect Your Clients and Your Properties
How would you feel recommending a contractor and finding out the work was not done properly? Do you think that it would affect your future business and recommendations? It certainly can. And it happens more often than you think. This does not just happen to our clients. It happens to real estate agents all the time. I spoke this week with a real estate agent that inherited a condo from her mother. She decided to completely gut and renovate it. She went to the condo office to ask who they recommended since they have firsthand knowledge of the contractors that do a lot of work in the building. The office manager recommended a contractor that had renovated three units in her building in the same line. She went to take a look at them and was impressed with his work. Sounds good so far, right? She signed an agreement, and he began his work by demolishing the whole inside of the condo. Now, normally there are notices put up on the door indicating that permits were pulled. She did not see any and asked him where the permits are. He said that he did not pull any. Fear set in. She looked him up online and found out that the name of his company, which is on the contract along with his license number, is no longer active. This contractor had no license to do work. She immediately fired him and requested her deposit back. How much deposit did she give him? $42,000. Yikes! Has she seen one penny of it back? If you said no, you guessed right. Then the agent found out that the contractor was banned from the building for previous shoddy work. The big question now is, why did the condo office manager refer a contractor that was banned by the condo association? Now she hires an attorney. The cost and aggravation of pursuing this and the probability of getting her deposit returned appear to be futile. Nothing turns the excitement of your dream remodel into a nightmare like a bad contractor. Here are the eight essential tips for selecting a contractor that won't leave the home underwater. 1. Make sure the contractor you hire has an active license in your state. This is number one. Go online and search for their name. Make sure the company's name is active and look for the names of the people within the company. Sometimes, the person you are hiring is not a contractor and is working under the license of someone else. Know this upfront before you make a commitment to avoid potential risks. You want to make sure that the person you are dealing with is a licensed professional with work under their belt in your state. If anything goes wrong, you can file a complaint with the city or state licensing bureau. If any issues arise while the work is being performed, you can bring in an inspector to make sure it is being done correctly and according to the local building standards. When you hire someone to remodel a home and they don't have a license, it is going to be very difficult, if not impossible, to take any recourse that will bring you a satisfying result. By hiring a licensed person, at least you know the licensing state has done some backgrounds check on them. 2. Check their online reputation and reviews Most of us today learn about those we work with by what people are saying online. Check out their reviews, and if there have been any complaints filed against them. The Better Business Bureau (BBB) is a good place to start. 3. Look into your contractor's background Whomever you decide to hire, make sure that you can trust that person. That can be a very big endeavor, yet there are steps you can take to minimize your risk. There are many good and bad people that do not want the headache and expense of getting a contractor's license, so they work under the license of another person. Know this beforehand and check out the work they have done. Here's an example of why that is important: A real estate agent who purchased a condo met a contractor doing work in the same building. The contractor told her that he gave his license information to the condo office, and the agent trusted that (or else he would not be working there, right?) So, she hired him to remove and re-tile her entire condo. When the contractor and his worker said they had finished the job, she went to go check. The place was covered in dust and was not completed. Upon investigating further, the agent found out that these men working in the building were ex-felons without a license. They threatened her with her life if she did not pay them, so she did. Lesson learned. Know as much as you can about the background of the person you are entrusting with keys and the remodel of your home before making a decision. 4. Interview the contractor Find out if he or she will be the one doing the job and ask how hands-on they will be. Will they be doing the work themselves or hiring others under their license to do the work? Does the contractor you hire plan on showing up every day to make sure the job is completed on time and correctly, or will they be performing multiple jobs at once and only available via phone or text? Will the contractor you hire commit to a start date? I have seen more than once a contractor saying they will begin work next week, take your deposit, and then call to postpone your job. This is common practice. Find a contractor who has a track record of showing up and completing the job within an agreeable time frame. Yes, some things can get out of our control—like weather, building inspectors and unforeseen problems. Still, you want a contractor who shows up when they say they are going to start the job. 5. Check out their referrals Rule number one is to go see their work when possible. At the very least, definitely call to verify their references. Many contractors will show you photos of the work they have done. Yet, how do you know if it was truly their work? 6. Get multiple estimates Get estimates from at least three different contractors. I believe that you get what you pay for in life. So remember, the cheapest bid does not mean it is the best. Many times, the cheapest bid ends up being the most expensive due to delays and adjustments in price that the contractor adds during the course of the project. 7. Structure payments so it is a win-win. Consider paying for the materials and supplies up front. Either you can buy them, or they can purchase them and provide receipts. Also, check that you are paying for items that were purchased for your job and not for anyone else's. Pay for work completed during various phases of the project. For example, the first deposit is made once 1/3 of the job is completed, then 1/2, then 3/4 and a final payment once completed. This can help protect you from the contractor holding all the cards (money) and then delaying the start or completion of the remodel. 8. Make sure permits are pulled and closed when the job is finished. I can't tell you how many times prior to a closing the title company finds that there is still an open permit for a job that was done years ago. It usually shows up as a lien on the property. It can delay the closing and cause undue aggravation. So make sure the permits are closed and check with your city, county or local municipality that this has been done when the work is completed. I wish there was a foolproof method to prevent contractor nightmares. By following the above tips, you can help prevent or alleviate any potential stress down the line. For additional concerns, consider speaking with an attorney specializing in condo and home construction so you take every step to protect yourself BEFORE the remodel or construction begins. Janice Zaltman is a Realtor, LEED AP, marketing coach, and writer with more than 20 years of experience in the sales, marketing and media fields. To view the original article, visit the Form Simplicity blog.
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