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What Should I Expect in My First Year of Real Estate Sales?
Business Growth, Concepts & Ideas, Mindset
|Congratulations! You've launched your new career in residential real estate sales! For many of us, once we're on the 'inside' of the industry, it's not quite as easy as it looked on the 'outside.' In fact, you may feel like you're not as far along as you expected in your first year or two of licensure. This is normal, as no one sets proper expectations with us about what the first year in the business ...
How do I stay motivated and connected to my business?
Concepts & Ideas, Life Hacks, Mindset
|It's a fair question during the second half of any year in this business. But it's even more relevant today, when we are operating in a market that’s tight on inventory, high on interest rates, and long on regulatory drama. It's natural to feel a dip in motivation during the second half of the year, and especially during more adverse market conditions. Even more so if you find yourself behind on your yearly goals! However, ...
How do I demonstrate competence in a buyer consultation?
Buyers, Concepts & Ideas, Theory
|Ok Realtor Friends, Now that we've explored how to establish warmth in your buyer consultations, it's time to focus on the second critical component of building trust: demonstrating competence. While warmth earns you the client's personal trust, competence wins their professional trust, which is critical to signing a buyer broker agreement. Why Competence Matters Competence assures your clients that you're not only a friendly face but also a capable professional who can effectively handle their ...
Buyer Broker Agreements? They’re All About TRUST
Buyers, Concepts & Ideas, Real Estate Buyers, Sales Skills
|As we approach the widespread adoption of buyer broker agreements, the need to refine our Buyer consultation and presentation skills is more critical than ever. With these changes just around the corner, our focus for June will be on enhancing the way we engage with potential buyers during these critical initial meetings. The key to successfully navigating these discussions? Trust. Trust: The Currency of All Real Estate Transactions In any sales scenario, the party that ...
What is “Return on Database”?
Concepts & Ideas, Measurements & Metrics
|Ok Realtor friends, are you effectively measuring the health of your business? Most agents focus on the number of homes sold, total volume, or overall profit. While these are certainly important metrics, there's another crucial indicator you might be overlooking: the Return on Database (ROD). What is Return on Database? Return on Database is the measure of how many transactions—be they repeat or referral—you generate from the people who already know, trust, and recommend you. ...
What is Social Proof … and How Does It Influence Real Estate Sales?
Concepts & Ideas, Social Media
|Realtor friends, are you fully leveraging the power of social proof in your sales strategy? Do you know what the term actually means, and how it applies to generating more real estate sales? What is Social Proof? The term was initial coined by Robert Cialdini in his influential 1984 book, "Influence: The Psychology of Persuasion." Robert Cialdini identified Social Proof as one of seven techniques which can be applied to influence the decision-making of others. ...