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Tim & Julie Harris
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Question: Is Biggest Housing Crash EVER About To Happen?
Question: Is Biggest Housing Crash EVER About To Happen?
- Broadcast in Training
Question: Is Biggest Housing Crash EVER About To Happen?
Are we about to experience the largest housing crash in the history of..well, history? Many people want you to believe that is true. Matter of fact, there are legions of (wanna be) economists who are busily creating scary videos, loathsome articles about a looming 'bursting of the housing bubble'. What is their motivation? Are there really dark clouds on the horizon that we aren't paying attention to? Listen to today's show and make your own decision.
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End The Buyer Agent Abuse! (Part 2)
Todays show is PART 2 of 'End The Buyer Agent Abuse!' Listen to
today's show only if you want the cold hard truth about the (near
term) challenges facing buyer agents. The simple fact is that being
primarily focused on buyers may simply not be a viable business
model in this market. Understand, over the next 3-5 years the
market may tilt back in favor of buyers. Until then, the downward
pressure on buyer agents commissions is real. Add to this the
historic INcrease in new agents that is coming now. Most new... more Todays show is PART 2 of 'End The Buyer Agent Abuse!' Listen to today's show only if you want the cold hard truth about the (near term) challenges facing buyer agents. The simple fact is that being primarily focused on buyers may simply not be a viable business model in this market. Understand, over the next 3-5 years the market may tilt back in favor of buyers. Until then, the downward pressure on buyer agents commissions is real. Add to this the historic INcrease in new agents that is coming now. Most new agents are giving the (very very bad) advice to focus on buyers. That means that not only is their a lack of homes to sell, not only is their a downward commision trend for buyer agents, but now the number of agents competing for buyers is projected to increase in 3-5x. Listen now to learn how to help your buyers WIN the home and stay relevant.
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End the Buyer Agent Abuse!
Listen to today's show only if you want the cold hard truth about
the (near term) challenges facing buyer agents. The simple fact is
that being primarily focused on buyers may simply not be a viable
business model in this market. Understand, over the next 3-5 years
the market may tilt back in favor of buyers. Until then, the
downward pressure on buyer agents commissions is real. Add to this
the historic INcrease in new agents that is coming now. Most new
agents are giving the (very very bad) advice to focus... more Listen to today's show only if you want the cold hard truth about the (near term) challenges facing buyer agents. The simple fact is that being primarily focused on buyers may simply not be a viable business model in this market. Understand, over the next 3-5 years the market may tilt back in favor of buyers. Until then, the downward pressure on buyer agents commissions is real. Add to this the historic INcrease in new agents that is coming now. Most new agents are giving the (very very bad) advice to focus on buyers. That means that not only is their a lack of homes to sell, not only is their a downward commision trend for buyer agents, but now the number of agents competing for buyers is projected to increase in 3-5x. Listen now to learn how to help your buyers WIN the home and stay relevant.
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End Times For Buyer Agency? | Is The Pro Act Something To Fear?
When you listen to today's Real Estate Coaching Radio you will
learn why now (more than ever) is the time to become a LISTING
AGENT. The headwinds for buyer agents is becoming almost
unstainable. Learn how to become a listing agent and finally
realize the benefits of leverage. Also discussed is the PRO
Act...will the PRO Act kill off brokers who have agents who are
only independent contactors? Listen now. Schedule A Free Coaching
CallListen on iTunesListen on SpotifyListen on Stitcher Learn more
about your ad... more When you listen to today's Real Estate Coaching Radio you will learn why now (more than ever) is the time to become a LISTING AGENT. The headwinds for buyer agents is becoming almost unstainable. Learn how to become a listing agent and finally realize the benefits of leverage. Also discussed is the PRO Act...will the PRO Act kill off brokers who have agents who are only independent contactors? Listen now.
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Introverts’ Guide To Sales (and Life) Success – (Part 5)
Here is part 5: Do you actually believe that because you are an
introvert that you can't succeed in real estate? Have you been lead
to believe that because you are 'analytical' you are somehow
limited in your career paths? How about the coveted 'DISC
Personality Tests'....Is the DISC test true, proven science or
pseudoscience (aka fake science)? Listen now and be prepared to
have your thinking expanded in the realization that your
'personality type' has an much to do with your success as the color
of your socks. Schedule... more Here is part 5: Do you actually believe that because you are an introvert that you can't succeed in real estate? Have you been lead to believe that because you are 'analytical' you are somehow limited in your career paths? How about the coveted 'DISC Personality Tests'....Is the DISC test true, proven science or pseudoscience (aka fake science)? Listen now and be prepared to have your thinking expanded in the realization that your 'personality type' has an much to do with your success as the color of your socks.
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Introverts' Guide To Sales (and Life) Success - (Part 4)
Here is part 4: Do you actually believe that because you are an
introvert that you can't succeed in real estate? Have you been lead
to believe that because you are 'analytical' you are somehow
limited in your career paths? How about the coveted 'DISC
Personality Tests'....Is the DISC test true, proven science or
pseudoscience (aka fake science)? Listen now and be prepared to
have your thinking expanded in the realization that your
'personality type' has an much to do with your success as the color
of your socks. Schedule... more Here is part 4: Do you actually believe that because you are an introvert that you can't succeed in real estate? Have you been lead to believe that because you are 'analytical' you are somehow limited in your career paths? How about the coveted 'DISC Personality Tests'....Is the DISC test true, proven science or pseudoscience (aka fake science)? Listen now and be prepared to have your thinking expanded in the realization that your 'personality type' has an much to do with your success as the color of your socks.
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Introverts' Guide To Sales (and Life) Success - Part 3
Here is part 3: Do you actually believe that because you are an
introvert that you can't succeed in real estate? Have you been lead
to believe that because you are 'analytical' you are somehow
limited in your career paths? How about the coveted 'DISC
Personality Tests'....Is the DISC test true, proven science or
pseudoscience (aka fake science)? Listen now and be prepared to
have your thinking expanded in the realization that your
'personality type' has an much to do with your success as the color
of your socks.... more Here is part 3: Do you actually believe that because you are an introvert that you can't succeed in real estate? Have you been lead to believe that because you are 'analytical' you are somehow limited in your career paths? How about the coveted 'DISC Personality Tests'....Is the DISC test true, proven science or pseudoscience (aka fake science)? Listen now and be prepared to have your thinking expanded in the realization that your 'personality type' has an much to do with your success as the color of your socks. BONUS: Julie tells her story of meeting Sean Penn today!
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Introverts' Guide To Sales (and Life) Success - Part 2
Here is part 2: Do you actually believe that because you are an
introvert that you can't succeed in real estate? Have you been lead
to believe that because you are 'analytical' you are somehow
limited in your career paths? How about the coveted 'DISC
Personality Tests'....Is the DISC test true, proven science or
pseudoscience (aka fake science)? Listen now and be prepared to
have your thinking expanded in the realization that your
'personality type' has an much to do with your success as the color
of your socks. Schedule... more Here is part 2: Do you actually believe that because you are an introvert that you can't succeed in real estate? Have you been lead to believe that because you are 'analytical' you are somehow limited in your career paths? How about the coveted 'DISC Personality Tests'....Is the DISC test true, proven science or pseudoscience (aka fake science)? Listen now and be prepared to have your thinking expanded in the realization that your 'personality type' has an much to do with your success as the color of your socks.
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Introverts' Guide To Sales (and Life) Success
Do you actually believe that because you are an introvert that you
can't succeed in real estate? Have you been lead to believe that
because you are 'analytical' you are somehow limited in your career
paths? How about the coveted 'DISC Personality Tests'....Is the
DISC test true, proven science or pseudoscience (aka fake science)?
Listen now and be prepared to have your thinking expanded in the
realization that your 'personality type' has an much to do with
your success as the color of your socks. Schedule A... more Do you actually believe that because you are an introvert that you can't succeed in real estate? Have you been lead to believe that because you are 'analytical' you are somehow limited in your career paths? How about the coveted 'DISC Personality Tests'....Is the DISC test true, proven science or pseudoscience (aka fake science)? Listen now and be prepared to have your thinking expanded in the realization that your 'personality type' has an much to do with your success as the color of your socks.
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Who Could You Be If You Were Financially Free?
Warning: This is Tim and Julie Harris' Sunday Special Podcast....expect conversation that is unfiltered, unstructured and (hopefully) entertaining. What happens when you become 'financially free"? "Why are SO many people uncomfortable that they want to be RICH?". Hint: Rich is where your money works for you and you no longer have to work for your money.
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Clubhouse Tell All: Biggest Agent Regrets
On our Clubhouse this morning we asked the all-star panelists what
the biggest money-wasting mistakes they have made in their real
estate businesses. Please join our clubroom called Real Estate
Coaching. Here were the top 10 Biggest mistakes every agent must
avoid. Listen to today's show for drilled-down details for each of
these points. 10) Not getting into real estate sooner (in their
lives) and/ or not taking the business seriously quick enough. 9)
Too much time behind 'screens' and not enough time... more On our Clubhouse this morning we asked the all-star panelists what the biggest money-wasting mistakes they have made in their real estate businesses. Please join our clubroom called Real Estate Coaching.
Here were the top 10 Biggest mistakes every agent must avoid.
Listen to today's show for drilled-down details for each of these points.
10) Not getting into real estate sooner (in their lives) and/ or not taking the business seriously quick enough.
9) Too much time behind 'screens' and not enough time in front of people.
8) Bad partnerships.
7) Building a team.
6) Learning the hard way how important 'Furiously Fast Lead Follow Up' is.
5) Not understanding the importance of being a PROACTIVE lead generator vs a passive lead generator.
4) Many wished they had taken their COI/ PC more seriously.
3) 'Wasting money and time on branding'. (and other shiny objects)
2) Not choosing the right broker and/ or not choosing a brokerage environment that supported their ambitions.
1) Not hiring a real coach. MANY commented that they had hired coaches, only later to learn these 'coaches' weren't qualified to call themselves coaches....and in many cases, these coaches told them to do unproductive, money and time-wasting activities.
Suggested question "filters" to use when interviewing real estate coaches.Question 1: Have you actually SOLD real estate? If no, do not proceed. If yes, proceed to question #2.Question 2: Did you sell at least 100 homes in a year? If no, do not proceed. If yes, proceed to question #3.Question 3: Did you sell at least 100 homes per year for 5 years in a row? If no, do not proceed. If yes, proceed to question #4Question 4: Have you had at least 10,000 hours of real 1:1 coaching with agents?
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Clubhouse 5 Step Action Plan
1. Download the app from itunes. (android soon). The app is not
'public' yet. You will be added to the waitlist unless you have an
invite. Expect to be on the wait list for at least a week. 2.
Secure your name. Select your interests wisely. 3. Build your
profile. Use the'TimandJulie Harris' profile as an example. 4. Once
you have access, attend other clubrooms. Participate, ask
questions. 5. Join our Club called 'Real Estate Coaching'. Click
the 'bell' icon to be invited to our events. 6. Start and... more 1. Download the app from itunes. (android soon). The app is not 'public' yet. You will be added to the waitlist unless you have an invite. Expect to be on the wait list for at least a week.
2. Secure your name. Select your interests wisely.
3. Build your profile. Use the'TimandJulie Harris' profile as an example.
4. Once you have access, attend other clubrooms. Participate, ask questions.
5. Join our Club called 'Real Estate Coaching'. Click the 'bell' icon to be invited to our events.
6. Start and test your own 'rooms'.
How to Make Money using Clubhouse: (Listen to this show for drilled down instructions) Ideas:
- Model your rooms around the Business Network International / BNI concept.
- National and International Relocation, 'Moving to Vegas?'
- Let's talk Real Estate in Your Town
-Looking for inventory
-Market stats / absorption reports- Investors
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7 Secret Scheduling Hacks Revealed
1. Your schedule is NOT a prison. Set up your
day so that it's what you WANT. Set it up so your day ends
BETTER than it began. What would it take for you to make that
happen? 2. What is your ratio of responsibility vs
reward? What are you going to do and what are you going to
get? 3. Negotiate with yourself vs. tyrannizing
yourself. 4. What would happen if you didn't avoid
the things you should be doing for the next year? Who would you be?
5. It's not healthy to not have... more 1. Your schedule is NOT a prison. Set up your day so that it's what you WANT. Set it up so your day ends BETTER than it began. What would it take for you to make that happen?
2. What is your ratio of responsibility vs reward? What are you going to do and what are you going to get?
3. Negotiate with yourself vs. tyrannizing yourself.
4. What would happen if you didn't avoid the things you should be doing for the next year? Who would you be?
5. It's not healthy to not have a routine. Don't mess with your circadian routine.
6. Schedule stabilizes your nervous system, literally.
7. Your confidence comes from doing what you say you're going to do and doing it repetitively.
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Ready To Stop Negative Thinking? (Here Is Your 5 Step Plan)
What are your top 3-5 negative thoughts (thinking)? - What negative
thoughts (thinking) do you have about yourself that you absolutely
know is true?-Who are you because you believe it's true?-Who would
you be if you didn't believe that?-How are you benefiting from your
negative thoughts (thinking)? Here are the most common limiting
beliefs most people have:(use these ideas as triggers to create
your list of 3-5 top limiting beliefs you may have about yourself)
1. Fear of Success: If I'm more successful,... more What are your top 3-5 negative thoughts (thinking)?
- What negative thoughts (thinking) do you have about yourself that you absolutely know is true?-Who are you because you believe it's true?-Who would you be if you didn't believe that?-How are you benefiting from your negative thoughts (thinking)?
Here are the most common limiting beliefs most people have:(use these ideas as triggers to create your list of 3-5 top limiting beliefs you may have about yourself)
1. Fear of Success: If I'm more successful, I have to sacrifice:_______
2. Guilt for Success: I have to be a jerk to be successful and it makes people dislike me. Thus I then don't call my past clients.
3. I can't do _____ because I'm a D/I/S/C.
4. I can't quit my current job because: _______. And I don't do that because I still have my job.
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Are Your Finally Ready To Confront Your Negative Thinking?
All the suffering that goes on inside our minds is not reality,
says Byron Katie. It's just a story we torture ourselves with. She
has a simple, completely replicable system for freeing ourselves of
the thoughts that make us suffer. "All war begins on paper," she
explains. You write down your stressful thoughts, and then ask
yourself the following four questions: Question 1: Is it true? This
question can change your life. Be still and ask yourself if the
thought you wrote down is true. Question 2: Can you... more All the suffering that goes on inside our minds is not reality, says Byron Katie. It's just a story we torture ourselves with. She has a simple, completely replicable system for freeing ourselves of the thoughts that make us suffer. "All war begins on paper," she explains. You write down your stressful thoughts, and then ask yourself the following four questions:
Question 1: Is it true?
This question can change your life. Be still and ask yourself if the thought you wrote down is true.
Question 2: Can you absolutely know it's true?
This is another opportunity to open your mind and to go deeper into the unknown, to find the answers that live beneath what we think we know.
Question 3: How do you react—what happens—when you believe that thought?
With this question, you begin to notice internal cause and effect. You can see that when you believe the thought, there is a disturbance that can range from mild discomfort to fear or panic. What do you feel? How do you treat the person (or the situation) you've written about, how do you treat yourself, when you believe that thought? Make a list, and be specific.
Question 4: Who would you be without the thought?
Imagine yourself in the presence of that person (or in that situation), without believing the thought. How would your life be different if you didn't have the ability to even think the stressful thought? How would you feel? Which do you prefer—life with or without the thought? Which feels kinder, more peaceful?
Turn the thought around:
The "turnaround" gives you an opportunity to experience the opposite of what you believe. Once you have found one or more turnarounds to your original statement, you are invited to find at least three spec
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Sunday Special: EXP Realty, Embrace Stress and Why Passion Can Be Poison
Warning: This is Tim and Julie Harris' Sunday Special. This the weekly Special Edition show where they share with you their 'defragging' from the past week and help you focus on the week ahead. On today's show the conversation is focused on wealth building, why stress is to be embraced not avoided and many other (hopefully) mentally stimulating topics.
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Top Agents Biggest Career Regrets Revealed
When Tim and Julie Harris asked a panel of top producing agents "If You Had To Do It All Over Again, What Would You Do Differently?" the responses were amazing. Listen now as Tim and Julie Harris share with you exactly what many top agents regret the most and wish they would of done differently.
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How To Be A Listing Agent NOW
There are many myths about true top producing agents. Such as, "you
have to have passion to succeed", "you must time block and follow a
impersonal generalized schedule", "you have to have a brand", "you
must build a team"...and many others. The simple drilled down truth
is that some of those things are true, but may not be true for you.
The most successful people in life (in any profession) are true
masters at very few things. The know where they are most effective
and are able to myopically focus on just those... more There are many myths about true top producing agents. Such as, "you have to have passion to succeed", "you must time block and follow a impersonal generalized schedule", "you have to have a brand", "you must build a team"...and many others. The simple drilled down truth is that some of those things are true, but may not be true for you. The most successful people in life (in any profession) are true masters at very few things. The know where they are most effective and are able to myopically focus on just those high value activities. They ARE masters are not chasing shiny objects and know that the herd is almost always wrong. When you listen to today you will hone in on the specific activities that you must master in real estate (and in business). Good news, the list of things you must master is maybe 3-5 things.
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5 Secrets Revealed: How To Win The Sale Everytime
Today's Real Estate Coaching Radio podcast answers this question
from a show fan: Should I ignore 'lowball' offers? (as the listing
agent) You are required to present ALL offers.How you handle a
lowball is different if it's your ONLY offer, especially if the
house has been on the market a while.Find out WHY it was low...is
that all the buyer was qualified for? Are they culturally
conditioned to negotiate more than you or your seller would
likeCounter every offer unless it was low because they buyer CAN'T... more Today's Real Estate Coaching Radio podcast answers this question from a show fan:
Should I ignore 'lowball' offers? (as the listing agent)
You are required to present ALL offers.How you handle a lowball is different if it's your ONLY offer, especially if the house has been on the market a while.Find out WHY it was low...is that all the buyer was qualified for? Are they culturally conditioned to negotiate more than you or your seller would likeCounter every offer unless it was low because they buyer CAN'T afford more.Provide comparables embedded in your counter as 'addendum A'.Ultimately if the deal doesn't come together, it's a great opportunity to get a price adjustment.Schedule A Free Coaching CallListen on iTunesListen on SpotifyListen on Stitcher
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Your Questions Answered: "How Do I Become A Luxury Agent?" (and More)
1. What should I expect from my broker? -It's your broker's job to
provide a legal place for you to do business, handle earnest money
deposits and pay you on time. That's it. Anything else
is a BONUS to you. -It is NOT your broker's job to provide you
leads. -It is NOT your broker's job to transaction coordinate, put
out fires or negotiate for you. 2. How do I raise my average
sale price? -The market is doing this FOR you currently, but
also... 3 main ways: Don't choose ONE, do all 3. a.
... more 1. What should I expect from my broker?
-It's your broker's job to provide a legal place for you to do business, handle earnest money deposits and pay you on time. That's it. Anything else is a BONUS to you.
-It is NOT your broker's job to provide you leads.
-It is NOT your broker's job to transaction coordinate, put out fires or negotiate for you.
2. How do I raise my average sale price?
-The market is doing this FOR you currently, but also...
3 main ways: Don't choose ONE, do all 3.
a. Socially network your way in. Join the country club, do events, etc.
b. Prospect your way in: For sale by owners, Expireds, Nextdoor.com
**Most efficient with fastest results!**
c. Move there and embed yourself in the community.
4. Should I ignore 'lowball' offers? (as the listing agent)
-You are required to present ALL offers.
-How you handle a lowball is different if it's your ONLY offer, especially if the house has been on the market a while.
-Find out WHY it was low...is that all the buyer was qualified for? Are they culturally conditioned to negotiate more than you or your seller would like
-Counter every offer unless it was low because they buyer CAN'T afford more.
-Provide comparables embedded in your counter as 'addendum A'.
-Ultimately if the deal doesn't come together, it's a great opportunity to get a price adjustment.
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Is Social Media The Road To Your Ruin?
What social media IS and what it is NOT. Time consuming, entertaining and occasionally educational...but also NOT a replacement for the real work of real estate.
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Buyer Agent Commission Wars Heat Up
ALL the drama is on the buyer side. The listing agent ALWAYS wins.
Developments on the buyer side: 1. Buyer's Agents VOLUNTEERING to
chip in some or all of their commission just to win in a
competitive bidding scenario. 2. Listing Agents reducing buyer side
commissions in the MLS. 3. Builders reducing buyer commissions,
sometimes to 0%. 4. Listing Agents / Sellers asking buyer's agent
to chip in or eliminate their buyer side commission DURING
negotiations so they'll accept the offer. 5.... more ALL the drama is on the buyer side.
The listing agent ALWAYS wins.
Developments on the buyer side:
1. Buyer's Agents VOLUNTEERING to chip in some or all of their commission just to win in a competitive bidding scenario.
2. Listing Agents reducing buyer side commissions in the MLS.
3. Builders reducing buyer commissions, sometimes to 0%.
4. Listing Agents / Sellers asking buyer's agent to chip in or eliminate their buyer side commission DURING negotiations so they'll accept the offer.
5. Buyers having to be asked to pay out of pocket for buyer agent commissions.
6. Buyers are asking to finance the buyer side commission into their loan.
7. Buyers getting sick of losing and going directly to listing agent.
8. Buyers paying sellers a cash bonus to accept their offer.
9. Zillow eroding buyer side commissions as well as re-routing leads to in-house agents.
10. Buyers getting licensed themselves to create commission and / or negotiate for themselves.
BE. THE. LISTING. AGENT!
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Industry Update: Short Sales, Forbearances and REOs
How can there be short sales and REOs in what may become the
hottest sellers market in history? Listen now and learn where the
opportunities are in the (soon to be) distressed real estate market
niche. Todays show was inspired by this email from HARRIS Coach
Michele McClintock. "Dear Tim and Julie, We are starting to see
more and more short sales creeping into the marketplace. I have 14
new short sales just last week. The market in South Florida is very
strong and fast. Though I don't believe that we will see... more How can there be short sales and REOs in what may become the hottest sellers market in history? Listen now and learn where the opportunities are in the (soon to be) distressed real estate market niche. Todays show was inspired by this email from HARRIS Coach Michele McClintock. "Dear Tim and Julie, We are starting to see more and more short sales creeping into the marketplace. I have 14 new short sales just last week.
The market in South Florida is very strong and fast. Though I don't believe that we will see a crash like we did last time I do believe that we will see a sharp increase in short sales to come.
In todays environment and what we saw as a result of 2020, every agent needs to add to the interview process when listing (toolbox)
1. How much do you owe on your property?
2. Are you current on your mortgage?
3. Have you ever missed any payments?
4. During 2020 did you do a forbearance?
5. Have you ever done a loan modification?
6. Any second mortgages including lines of credit or HELOCs?
7. Any judgments including credit cards, liens including State or Federal?
8. Suggest ordering a payoff from the lender(s)
Recently, I have had about 10 homeowners, list their properties with agents, go to contract, go thru inspections, appraisals etc only to get news from the Title Company that they had to bring thousands of dollars that they didn't have or anticipate to the closing table.
In my experience when this happens it creates a domino effect with the transaction. The homeowner immediately blames their agent, for not "knowing" this. The Buyer's agent blames the listing agent and homeowner for not knowing this and in turn questions the agents credibility. Hence, Buyers want to sue because they cannot close and have incurred c
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Warning: Buyer Agent Commissions Falling Fast
... more If there was ever a time for agents to focus all their best energies on being listing agents, it's now. Across the country there is massive DOWNWARD pressure on buyer agent commissions. When you listen to Real Estate Coaching Radio you will learn what is happening to buyer agent commissions that may result in the end of the buyer focused agent business model. Listen and take notes.
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Ready To Start A Team? Your Blueprint Has Arrived
You are about to listen to Real Estate Coaching Radio hosted by Tim
and Julie Harris share with you part 3 of their series on
successful teams. Today, you will learn about the proven team model
that results in the most predictable profit. ' To team...or not to
team...that is the question' It's a common held belief in real
estate that your goal should be to form a team. Often agents are
pressured to form teams as the natural progression of their real
estate careers. Few agents stop to ask themselves what the... more You are about to listen to Real Estate Coaching Radio hosted by Tim and Julie Harris share with you part 3 of their series on successful teams. Today, you will learn about the proven team model that results in the most predictable profit. ' To team...or not to team...that is the question' It's a common held belief in real estate that your goal should be to form a team. Often agents are pressured to form teams as the natural progression of their real estate careers. Few agents stop to ask themselves what the goal of a team truly is. Is the goal of a team to simply sell more (and more) homes? Is the goal of a team to win awards and receive endless recognition? Is the purpose of a team to make yourself think the buying and selling public will see you in a more favorable light vs a single agent? No wonder so many teams fail. What if the only purpose of the real estate team (or individual agent) was to produce PROFIT. It might surprise you to learn that it's not uncommon for agents who 'own' big teams to make less personal profit every year vs one of their team members. In other words, the team leader...the agent who formed the team and takes all the personal risk and liability....makes LESS money, has LESS PROFIT than someone they hired to work with their buyer leads. Listen now and learn the drilled down, no BS bottom line on how to build a PROFITABLE, sustainable team.
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Top 10 Team Success Secrets Revealed
'To team...or not to team...that is the question' It's a common
held belief in real estate that your goal should be to form a team.
Often agents are pressured to form teams as the natural progression
of their real estate careers. Few agents stop to ask themselves
what the goal of a team truly is. Is the goal of a team to simply
sell more (and more) homes? Is the goal of a team to win awards and
receive endless recognition? Is the purpose of a team to make
yourself think the buying and selling public will see... more 'To team...or not to team...that is the question' It's a common held belief in real estate that your goal should be to form a team. Often agents are pressured to form teams as the natural progression of their real estate careers. Few agents stop to ask themselves what the goal of a team truly is. Is the goal of a team to simply sell more (and more) homes? Is the goal of a team to win awards and receive endless recognition? Is the purpose of a team to make yourself think the buying and selling public will see you in a more favorable light vs a single agent? No wonder so many teams fail. What if the only purpose of the real estate team (or individual agent) was to produce PROFIT. It might surprise you to learn that it's not uncommon for agents who 'own' big teams to make less personal profit every year vs one of their team members. In other words, the team leader...the agent who formed the team and takes all the personal risk and liability....makes LESS money, has LESS PROFIT than someone they hired to work with their buyer leads. Listen now and learn the drilled down, no BS bottom line on how to build a PROFITABLE, sustainable team.
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Zillow, Clubhouse, EXP Realty, What You Need to Know
Join Tim and Julie Harris as they discuss the many changes happening NOW that will have an immediate (perhaps dramatic) effect on your real estate business. What you need to know now about Zillow, EXP Realty and the Clubhouse.
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Why Most Teams Fail And What To Do About It
Fact: no one plans to fail, but many fail to plan. Whether
you are on a team or running a team, check yourself on these top
reasons teams fail. Fact: Successful teams lead with lead
generation, know that their product is profit, and are made of
'rowers' not 'riders'. Why teams fail... 1 No lead generation, poor
lead generation, inconsistent or unpredictable lead
generation. Nothing happens without leads! A team is
not viable without consistent listing inventory. Magic
Number: How many listings must... more Fact: no one plans to fail, but many fail to plan. Whether you are on a team or running a team, check yourself on these top reasons teams fail.
Fact: Successful teams lead with lead generation, know that their product is profit, and are made of 'rowers' not 'riders'.
Why teams fail...
1 No lead generation, poor lead generation, inconsistent or unpredictable lead generation. Nothing happens without leads! A team is not viable without consistent listing inventory. Magic Number: How many listings must you have at all times to meet or achieve your income goals?
2 The team leader doesn’t personally have the skills, systems or scripts mastered which they are attempting to delegate to team members.
3 The team leader is not just delegating, but obfuscating; not following through, actually confusing things instead of clarifying.
4 There is little accountability if any.
5 The team is more focused on culture, education, events, drama and anything but profit. Profitability isn’t discussed as a regular part of business planning.
6 Too much emphasis on ‘contacts’, not enough on ‘appointments’ and ultimately on contracts closed.
7 Lack of exposure to a fully functioning and profitable team model; believing it’s ‘normal’ to struggle, to have feast and famine.
8 Mixture of jobs. Buyers agents who are part time transaction coordinators, assistants who also do marketing. Jacks of all trades but masters of none.
9 Overpaying buyers agents.
10 Driving revenue into the ground through the addiction of buying leads.
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How To Build A Profitable Team (Must KNOW Info)
On today's podcast Tim and Julie Harris will drill down on the many
minefields to be aware of when building a team. After you have
listened to today's show don't be surprised if all of your
preconceptions about team building are tossed out. The simple fact
is that most teams make no profit or so little profit that the team
leader would be better off with no team. It doesn't have to be this
way. There are clear, proven pathways for you to build a profitable
real estate team. You can have your cake and eat it... more On today's podcast Tim and Julie Harris will drill down on the many minefields to be aware of when building a team. After you have listened to today's show don't be surprised if all of your preconceptions about team building are tossed out. The simple fact is that most teams make no profit or so little profit that the team leader would be better off with no team. It doesn't have to be this way. There are clear, proven pathways for you to build a profitable real estate team. You can have your cake and eat it too provided you follow these simple rules.
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Your Super Simple Social Networking Plan Has Arrived (Listen Now)
What should come first, Marketing or Proactive Lead Generation (aka
Prospecting)? Daily success happens when you prioritize the actions
that will generate the greatest results over those that won't. Put
another way, are you going to PROACTIVELY generate leads and build
your business or passively attempt to do the same? Its THE question
every agent must answer for themselves. The simple fact is the most
PROFITABLE real estate practices are based on proactive lead
generation. Yet, so many agents never learn how... more What should come first, Marketing or Proactive Lead Generation (aka Prospecting)? Daily success happens when you prioritize the actions that will generate the greatest results over those that won't. Put another way, are you going to PROACTIVELY generate leads and build your business or passively attempt to do the same? Its THE question every agent must answer for themselves. The simple fact is the most PROFITABLE real estate practices are based on proactive lead generation. Yet, so many agents never learn how to proactively lead generate. Worst yet, some believe your aim in business is to proactively lead generate (prospect) so that one day your centers of influence and past client list will be so large you wont have to be proactive anymore. That is just plain silly. That thinking is akin to thinking you can go to the gym for a year, build your body and then magically expect to keep that physical condition even after you stop working out. Makes no sense. Anyone successful at anything long term knows that they must always be proactive in their lead generation and overall approach to business (and life). Listen now.
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