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Real Estate Training & Coaching School

Real Estate Coach | Real Estate Agents 5 Year Plan (1)

Real Estate Training & Coaching School

Real Estate Training & Coaching School

Business, News, Business News, Careers

4.7 • 669 Ratings

🗓️ 21 March 2022

⏱️ 27 minutes

🧾️ Download transcript

Summary

We created this podcast series, Real Estate Agents 5 Year Plan to provide a specific, practical, and tactical plan to meet or exceed your goals in your real estate career and ultimately in your life.....in 5 years or less. Today's show is part 1.  As always thank you for keeping this podcast the number 1 daily podcast for real estate professionals. Remember to ‘Like’ and ‘Subscribe’ so that you receive every show the second it is released. If you are on iTunes please give us a 5 Star review and then share with us why you liked the show. Your continued support and encouragement are greatly appreciated. Let's start with what we want for you as well as what we don't want for you... What we DON'T want for you: 1 - We don't want you to be burned out, broken, and beholden to other people or companies controlling your success. Don't build your castle on someone else's land. 2 - We don't want you to suffer cash spurts, lack of profitability, and uncertainty. 3 - We don't want you to kill your potential grinding away with buyers instead of listings. 4 - We don't want you to end the year with little savings and lots of stress. 5 - We don't want you to follow false prophets, gurus, or fake coaches. 6 - We don't want you to have 'failure to launch' syndrome. What we DO want for you: 1 - We want you to have a definitive plan to follow so you will have direction and won't have to guess what to do to succeed. 2 - We want you to have goals in 5 areas of life to keep you inspired. Use your Real Estate Treasure Map to get serious about those goals. You'll do a new Treasure Map each year of your career since both your skills and your goals will change! 3 - We want you to be a powerful listing agent as early as possible in your career. 4 - We want you to invest in yourself first so you can be rich and free. 5 - We want you to build strong skills from the beginning. Let's make some assumptions about you, our listener so we can show you the math. Assume the following facts (you can modify for yourself if necessary): - You live in a state like Florida, Tennessee, or Texas with no state income tax.   - Your average sale price is $500,000. (According to Fed reporting, the median price is $423,300 at the end of January 2022 but the average is $496,000). - You are an eXp agent.   - Your average gross commission is $15,000. You pay your broker 20%, netting you $12,000 per transaction. - 1 transaction per month will gross you $144,000 your first year in business. YEAR ONE.  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.

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,

0:27.8

Tim and Julie Harris. All right, we are back. And as promised, we've got a fantastic podcast

0:36.1

for you this week. It is your, as promised, five-year plan. This is specifically what you should be doing year by year for the next five years. You will notice that this is designed to essentially build momentum in your career. You're not going to just year one is designed to give you momentum into year two, year, three,

0:54.9

year four.

0:55.3

So all of these years overlap, and we've put this together in such a way that it's easily

1:00.3

understood why one thing happens ahead of another.

1:03.5

And you're also going to notice that this is a skills-based approach, but most importantly,

1:08.2

what you're going to hopefully take away from our weeks worth of shows

1:11.3

is that what we're designing this plan for, what we're hoping you then implement this plan

1:15.5

to do is to create profit in your business.

1:18.4

Profit, then you can reinvest that profit, and then you can create passive income and you

1:22.5

can become rich where your money works for you and you no longer work for your money.

1:25.9

Not a single one of you got into

1:27.5

real estate for the plaques and the awards and the TikTok videos and all that pomp and circumstance.

1:33.5

All of you, if you really get down to the essence of it, you got into business so you could be

1:37.7

free. Freedom from really financial worries primarily. And yet you're not able to accomplish that.

1:43.2

Well, we're going to help you

1:44.4

peel back the layers of the onion to self-discover why it is that so many agents retire,

1:49.3

broke or never retire. And we're going to create a trajectory for you this week that will put

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