How To Make $1,000,000 Per Year In Real Estate Commissions

Real Estate Training & Coaching School

Business, Careers

4.7 • 669 Ratings

🗓️ 10 October 2023

⏱️ 28 minutes

🔗️ Recording | iTunes | RSS

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Summary

Welcome back to America's #1 Daily Podcast, featuring America's #1 Real Estate Coaches and Top EXP Realty Sponsors in the World, Tim and Julie Harris. Ready to become an EXP Realty Agent and join Tim and Julie Harris? https://whylibertas.com/harris or text Tim directly 512-758-0206 IMPORTANT: Join #1 Real Estate Coaches Tim and Julie Harris's Premier Coaching now for FREE. Included is a DAILY Coaching Session with a HARRIS Certified Coach. Proven and tested lead generation, systems, and scripts designed for this market. Instant FREE Access Now: YES, Enroll Me NOW In Premier Coaching https://members.timandjulieharris.com $1 million Gross Commission Income = 100 transactions at $10,000 average commission, based on the national average of $400,000 sale price. If your average sale price is $750,000 then you’ll need 55 transactions. If your average sale price is $1m, you’ll need about 40 transactions. 1. Decide and accept the fact that your success is up to you and only you. “If it’s meant to be, it’s up to me.” It’s not up to your broker, your market, the interest rates, or who’s president. It’s up to you. Be responsible for your own success. OWN it all. There will be at least 4 million sales this year. How many will you be involved in? 2. Invest your TIME before you invest your MONEY. People invest 4 years or more in a college education, only to graduate (sometimes), with student loan debt and a job that they could hate for the next decade or more. Do You Qualify To Be a HARRIS Certified Coach? Please answer these 5 quick questions: 1) Are you ready for a new challenge, a higher level in your career (and life)? Yes/ No 2) Are you curious how to become a real estate coach and create a real estate coaching business? Yes/ No 3) Do you feel that you have the professional and life experience to be a real estate coach, but you simply don't know how to coach agents, generate coaching leads let alone run a coaching business? Yes/ No 4) Do you want to create a new source of income that will allow you to help others and make consistent income? Yes/ No 5) Do you agree that our highest and truest purpose is to be of service to others and when you are a HARRIS Certified Coach you will be in alignment with your purpose? Yes/ No If you answered YES to 5 out of 5 of the questions CONGRATULATIONS you are on your way to becoming a HARRIS Certified Coach. Please complete the process now: https://harriscertifiedcoach.com Stages of Learning: -Formulation. (Getting ready to get started, creating your plan) -Concentration (Doing the actual work, learning and using your skill) -Momentum (Repetitious, predictable success) -Breakthrough (High level implementation without getting bored and falling back to the first stage) 3. You MUST have the following, immediately. Failure to be great at these 4 things will handicap your success. Scripts. Proactive lead generation scripts, open house scripts, lead follow-up scripts, basic conversations with your sphere of influence, prequalifying scripts, and closing scripts. Scripts are simply questions that lead to a close. Pre-Listing Package. Not your broker’s, not something you found for free online. A proven, powerful, and personalized pre-listing package. Listing Presentation Buyer Presentation REAL ESTATE LEADS, LEADS and more LEADS: Question: What is Tim and Julie Harris's favorite PROBATE LEAD PROVIDER? Simple, https://alltheleads.com/harris It’s your job to show your own value. Start with your Pre-Listing Package. Last but not least, get help when you need it! Don't navigate the real estate wilds alone! Join Premier Coaching today by visiting PremierCoaching.com and signing up for FREE. Ready to become an EXPIRED Listing Agent? As promised, here is the discount link for the EXPIRED LISTING LEADS: https://www.redx.com/affiliate/tim-and-julie-harris/?aff_code=670699

Transcript

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0:00.0	Welcome to Real Estate Coaching Radio starring award-winning real estate coaches and number one international bestselling authors, Tim and Julie Harris.
0:10.2	This is the number one daily radio show for realtors looking for a no BS authentic real-time coaching experience.
0:18.2	What's really working in today's market, how to generate more leads,
0:21.8	make more money, and have more time for what you love in your life. And now your host, Tim and
0:28.3	Julie Harris. Three, two, one, and Julie Harris, we are back. I love this topic. I have a feeling
0:36.0	every single agent listening worldwide. It's
0:39.7	going to love it too because it's how to make a million dollars a year in real estate.
0:43.9	That's exactly right, Tim. And of course, we can't show you how to do that in one podcast.
0:48.2	This is an overview. This is not coaching. It's training. But our job is to educate you, motivate
0:53.0	you and get you into action. So we're going
0:55.2	to give you the outline. Well, in essence, what we're showing them is that it's realistic,
0:59.1	and it all comes down to relatively simple math that will work in every market, and they can do it.
1:04.5	And so that's what we're going to start out with. So, Julie, let's hit them over the head with
1:07.7	a math bat. There you go. That's a good way to look at it.
1:11.5	So my note takers get ready.
1:12.8	We're going to do a little bit of math here.
1:14.5	A million dollar gross commission income equals 100 transactions at a $10,000 average commission based on the national average of about a $400,000 sale price.
1:25.2	So that is our starting math, right?
1:26.9	So whatever, if your sale price is it,
1:28.9	some of you are blessed with having sale prices that are double than that, double that,
1:32.5	obviously divide by two. That's right. So if your average sale price is, for example, $750,000,
1:38.9	you'll only need 55 transactions. Some of you are blessed to have a million dollar average sale price. I've got some coaching clients like that. You'll need about 40 transactions. Some of you are blessed to have a million dollar average sale price. I've got some
	...

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