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Real Estate Training & Coaching School

New Rules: Real Estate Agents 2024 Success Guide

Real Estate Training & Coaching School

Real Estate Training & Coaching School

News, Business News, Careers, Business

4.4705 Ratings

🗓️ 27 November 2023

⏱️ 42 minutes

🧾️ Download transcript

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 Is it possible to be successful immediately as a new Realtor? It IS, but only when you follow these 15 Rules of Success. Take the guesswork out of real estate and drill down on what matters most. Note: If you aren't new, but you feel like you're stuck, these rules are for you too. Get unstuck by acting AS IF you just got your license and get to work. First, the Facts: *According to the National Association of Realtors, 87% of Realtors fail within their first 5 years. *On the other hand, the top 1% of real estate agents in the US make over $500,000 in annual income. The median income is $50,000. Keep in mind it only takes on average about 5 sales per year to make $50,000. Most of you can do that by working part-time. *20% of licensees make up 80% of closed real estate transactions. 20% of agents make more than $200,000 yearly. 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 The only question you should be asking yourself is: which percentage will you be?  Follow these 15 rules which are not just for new agents, but for all agents and you'll be in the top 10% or better. If you choose to wing it and just see how it goes, you'll probably wind up in that first 87% who fail in 5 years or less.   "If it's meant to be, it's up to me!" should be your daily, maybe hourly affirmation, starting right now.   PART ONE 1.   Pick your broker wisely. It's not just about commission splits. Does your broker have stock awards, health insurance, daily education, and revenue share? It's costly to start with the wrong brokerage. Having to switch later costs not only time but money, so make the right decision the first time!   (EXP Paid over $240 million in revenue share and equity benefits last year. That's up 20% from the previous year).   2.   Commit to earning while you learn and be learning all the time. You don't have to be perfect to be productive. You must take action from day one in order to build your skills quickly, and you have to make 5x the effort you think to get the results you're looking for. Note: The best people to role-play with are actual prospects with actual homes to sell.   3.   Create your sphere of influence and expand it daily. These are all the people you already know. They already know, love, and trust you. As such, they are almost always your first 3 to 5 transactions. REAL ESTATE LEADS, LEADS and more LEADS: Question: What is Tim and Julie Harris's favorite PROBATE LEAD PROVIDER? Simple, https://alltheleads.com/harris Use your smartphone contacts to create a database. Talk about real estate all the time with everyone. Learn the 'FORD' memory jogger, internalize it, and use it all the time. (Family, Occupation, Recreation, and Dreams are your talking points).   Always have some speaking points about what's happening in real estate. -Your Board of Realtors Monthly Newsletter -ListReports -This Podcast! Are rates going up or down? What's going on with the new construction? How many days does it take to sell a home in your market? What types of mortgages are most attractive in today's market? Provide value and be a problem-solver.

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, make more

0:22.2

money, and have more time for what you love in your life. And now your hosts, Tim and Julie Harris.

0:30.7

Welcome back. This is the time of year where a lot of folks, they kind of feel one of three ways,

0:35.4

Julie. I think you'll agree, right? They're celebrating

0:37.8

having had a really great year. They're, you know, they're content with the fact that maybe

0:42.4

they accomplished their goals and they had a good year or they're way behind. Yes. And those are

0:46.5

usually the three buckets, I think most agents will find themselves swimming in this time of year.

0:51.8

And the thing is, the hardest part of being in real estate,

0:54.4

really the hardest part of being any kind of business owner is the knowledge that you have to do it

0:58.3

all over again. It is that time of year again, isn't it? I remember clearly, I can't wash it out of my

1:03.6

system no matter what, but I remember very clearly feeling that way over the winter. Every year when

1:09.3

we sold real estate, it was like you wanted to relax,

1:11.5

you wanted to chill. But all these waves of anxiety would, you know, differing levels of intensity

1:18.0

would have washed me. You too, you know? Yeah, still kind of get that just, it's almost like a seasonal

1:23.5

realtor disorder or something. I don't know. Well, the only thing I ever found that, you know,

1:29.8

that worked for Julie and I both, and when we had a real estate team and we owned part of real estate

1:33.9

brokerages and all that, the only thing that really would help is if we created a not overly

1:39.0

complicated plan leading into the next year. And I know that sounds like, well, of course you were

1:42.6

going to say business plan. But of course I am going to say business plan because that's the best way

1:47.1

to really purge yourself of all the anxiety-inducing emotions that can frankly ruin the holidays.

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