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Real Estate Training & Coaching School

Real Estate Coach | #1 Reason Most Agents Struggle (and Fail)

Real Estate Training & Coaching School

Real Estate Training & Coaching School

Business, News, Business News, Careers

4.7 • 669 Ratings

🗓️ 28 March 2022

⏱️ 32 minutes

🧾️ Download transcript

Summary

Today's podcast is a wake-up call for ALL real estate agents. Here is the bottom line, now more than ever it's absolutely critical you become a listing agent. Being with the wrong broker, buying buyer leads, branding are all leading to what may be the biggest agent failure rate in history. When you listen to todays show you will have facts that will help you make the right decisions.  More than 90% of potential real estate buyers and sellers, according to the National Association of REALTORS®, connect with a real estate agent to help them buy and/or sell their house.   That equals about $100 Billion in agent commissions every year. It shouldn't surprise you then, that real estate tech companies want a bigger piece of that agent commission pie for themselves. Here are some strategies real estate tech companies have to get more commission money from YOU, the country's hard-working real estate agents and brokers. We'll look at Zillow, Compass, and Opendoor specifically. POP QUIZ: Please choose one answer: 1) I am ready to join EXP Realty.  2) I am interested in EXP Realty and need more info.  3) I am not interested in EXP Realty.  Key: * If you answered “#1” congratulations. You are about to join the fastest-growing real estate company in the world. Tim and Julie Harris are inviting you to join them at EXP Realty. Text Tim directly for the next steps: 512-758-0206. (text only please) * If you answered “#2” please watch the videos and check out the other intel on this site. http://whylibertas.com/harris .  * If you answered ‘#3’ no worries. You will want to check out whylibertas.com/harris so you can at least know what EXP Realty is and why so many agents are moving to EXP Realty. ZILLOW. What is Zillow's 'Back to Basics' strategy, and how might it affect you? Zillow has stated that it is going back to its roots by focusing on “extracting” an additional $1.5B annually from agents by 2025 via its Premier Agent program. This “extraction” from agents paying for Zillow’s Premier Agent Services would generate a total of $2.9B annually for Zillow.  That eclipses its entire 2021 revenue from all combined sources. 2021 Revenue = $2.1B Plus, +800M from Adjacent Services such as Mortgage & Title Plus, +600M from Other IMT (Internet, Media and Technology) Plus, +1.5B from Premier Agent Services – or between $250M – $300M per year from agents A total of $5B in 2025 Revenue is their stated goal. Well, good for Zillow for making their goals 'SMART': Specific, Measurable, Attainable, Realistic and Timely... but maybe you can disrupt the 'Attainable' part by choosing not to participate in their agent-soaking goals. Just a quick search about the quality and quantity of 'leads' that agents are paying for will garner you an endless supply of not just agents complaining about inappropriate, low quality 'leads', but perhaps just as alarming are the complaints by actual homeowners about Zillow. For Sale By Owners who were only allowed an aerial view picture, severely inaccurate Zestimates, 'Zillow-assigned agent' who knows nothing about the listing someone calls on, etc. The quantity and variety of complaints is astonishing. Solution? Become your own best generator of commissions by learning to be a proactive lead generation machine. Listing agents don't have any lead generation issues.

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. Welcome back. We are going to be talking about something today that I doubt any of you

0:35.5

will find surprising if you're regular listeners to this podcast.

0:39.1

But before we get to the topic, which I know you guys are going to love, I want to thank you personally for keeping this the number one listen to daily podcast for real estate professionals in the United States, maybe in the world.

0:48.7

It's so exciting to see all of our downloads happening in different parts of the world.

0:51.9

Very exciting.

0:53.0

We want to ask all of you to give

0:55.3

a five-star review on iTunes and whatever other listening widget you're using. Some of you guys use

1:00.1

Stitch or Spotify. Any and all support is always appreciated. And also your special homework from today's

1:06.6

podcast is to share this podcast overtly with three different agents that you know. Just let

1:11.9

them let them know, maybe share it socially, maybe just share it on Instagram, maybe just

1:16.3

email it to somebody. So we would appreciate any continued support you guys have. Our goal is to

1:20.9

keep this number and listen to daily podcasts or real estate professionals in the world. And I'll

1:24.5

tell you why, because the more agents listen to what, and this isn't arrogance or ego, though it'll sound like that, but the more agents that listen

1:32.1

to what Julie and I are telling them, which is the truth about how to be successful long-term

1:35.7

in real estate, the more agents will be indeed successful long-term in real estate. And that is

1:40.1

our mission to be of service to all of you guys. And your mission obviously is to be a service to all of your real estate buyers and sellers. Today's topic is very important. We're going to give

1:48.1

you some drilled down facts. But before we do, Julie, welcome to today's podcast. Yes, thank you.

1:52.2

It's my pleasure. As always, to share this podcast with you. And we're going to be talking

...

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