eRealEstateCoach
eRealEstateCoach
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The One Metric That Rules the Real Estate Industry (Do You Know Yours?)
Hey guys, let’s talk about your power base and why it matters. Your power base number is a great way to measure the health of your database. In real estate, our databases generate the majority of our sales-this has been proven time and time again.
Let’s break it down with some math, because the path is in the math:
If you have a database of 200 people, how many transactions should that generate? The ratio is simple: 10 to 1. For every 10 people in your database, you should generate one sale. So, a 200-person database should produce about 20 transactions.
That’s a general guideline. Let’s make it personal. To find your power base number, take the number of transactions you’ve closed in the past 12 months and divide it by the total number of people in your database.
For example, if you have 200 people in your database but only closed 10 transactions, divide 200 by 10. That gives you 20, meaning for every 20 people, you’re averaging one closed transaction. That’s not great because we know the ideal ratio is closer to 10.
Now, if you’ve closed 25 transactions with the same 200 people, your number would be 8-much better. These numbers reveal a lot about the health of your database.
If your database isn’t performing well, it’s often not the database itself that’s the problem. It’s likely the quality of your contacts or your messaging. How you manage your database-what you put in and take out-plays a huge role.
As agents, we’re like farmers tending to a crop. Managing a database is our responsibility, and we need to measure our performance. One of the biggest mistakes agents make is throwing ideas or content at their database without measuring the results. Some things work, some don’t, but if you’re not measuring, you’ll never improve.
Let’s change that. Start by calculating your power base number now. Write it down. Set a goal for where you want it to be in 12 months, and track your progress regularly.
At the end of the year, evaluate your power base again. Did you hit the goal? Did you get to at least a 10, or better? If you’re under 10, you’re improving, but if you get it down to six or seven, you’re really excelling.
I have a student with a power base number of 6.75. For every 6.75 people in her database, she averages one closed transaction. She’s absolutely crushing it.
Use this exercise to refine your approach. Managing your power base number is a powerful way to improve your business model.
Have a great day, and happy selling!
*******
Why do Brokerage Owners, Office Leaders, Team Leaders, and Solo Agents choose Jim to be their coach?
+ 32 Years of Real Estate Sales, Management, and Coaching Experience
+ Top 1% REALTOR Himself (he has been in the trenches)
+ Opened his First Real Estate Company at 23
+ Grew his Real Estate Company to 17 Offices (largest in Oregon)
+ His Current Team Closed $1.4 Billion in Sales in One Year
+ He is a Current Real Trends Top 500 Broker
When you work with Jim there is no "team" of coaches - you are being trained by Jim and tapping his knowledge and experience.
When your office or team joins our brokerage coaching platform, every agent at your firm will tap into our training and coaching resources.
These benefits include:
20 Weeks of On-Demand Lead Generation Coaching: Access our extensive coaching program, offering daily guidance for 20 weeks, empowering your agents with proven lead generation strategies.
Extensive Downloads Library: Gain access to a vast collection of resources, including scripts, texts, emails, drip campaigns, checklists, systems, forms, and more, all designed to enhance your agents' productivity and success.
Marketing Assets: Stay at the forefront of real estate marketing with new social media and digital assets delivered to your team on a weekly basis, ensuring you have the latest tools and strategies to effectively reach your target audience.
Live Monday Coaching: Kickstart your week with our live Monday coaching sessions, where we deliver the biggest and brightest ideas in the industry. Gain invaluable insights and stay ahead of the curve.
Live Wednesday Coaching: Join our tech and marketing experts every Wednesday as they dive into the hottest real estate tech and trends. Discover innovative tools and strategies that will give your agents a competitive edge.
Live Friday Coaching: Tap into our live podcast series, where we interview some of the biggest names in the real estate industry. Learn from the best and gain inspiration from their success stories.
At eRealEstateCoach.com, we are committed to helping you and your team thrive. Productive agents become raving fans helping you attract the top talent in the industry.
Visit www.erealestatecoach2.com/explorecoaching to learn more.
มุมมอง: 9

วีดีโอ

3 Simple Strategies to Turn Every Closing into Extra Deals!
มุมมอง 169 ชั่วโมงที่ผ่านมา
What if your next transaction is embedded in your current transactions? This is such an easy concept but often overlooked by many agents. Every escrow you have is a pathway to more escrows. Let me share three key strategies to help you leverage this opportunity. First, introduce every single person you're in escrow with to your VIP program. You might say, "I don’t have a VIP program." Well, you...
The Ultimate Pre Buy Meeting Checklist: How Top Real Estate Agents Close More Deals
มุมมอง 51วันที่ผ่านมา
When you're working with a buyer for the first time, do you have a pre-buy meeting checklist? If not, you're probably not delivering the highest level of service possible. A pre-buy meeting checklist helps you prepare to serve your clients at the highest level. What could that checklist look like? Let me share some items on my checklist that might give you an "aha" moment to add to your own. 1....
The Real Estate Brokerage “Danger Zone”: Why Mid Size Firms Struggle And How to Avoid It
มุมมอง 3214 วันที่ผ่านมา
Here’s a question: Of the three types of real estate companies I’m about to describe, which do you think is the most dangerous to own in terms of survival? Type 1: Small boutique company with 1-30 agents, operating in a metro or small town. Type 2: Mid-size firm with 30-70 agents, maybe up to 100 in a bigger city. Type 3: Large firms with 70-100 agents, scaling up to hundreds or even thousands....
How to Recruit Agents for Your Brokerage (Even If You’re Just Getting Started)!
มุมมอง 2221 วันที่ผ่านมา
I get this question all the time from brokerage owners and team leaders: “How do I start recruiting today when I don’t have everything built yet?” They often feel stuck in a catch-22: They think they need to build their vision first in order to start recruiting, but they don’t have the money or resources to build it because they don’t have agents yet. Here’s the answer: People will buy into you...
Why Agents Leave Your Brokerage And How to Stop It: Proven Retention Strategies for Team Leaders
มุมมอง 2321 วันที่ผ่านมา
Have you ever lost an agent? I have. If you're a broker owner or a team leader, you probably have too. At some point, an agent decides to leave, and it feels terrible-like getting punched in the face. It's emotional, and you might wonder: Why did that happen? Was it my failure, or is it just part of the industry? Here's the hard truth: it often is a failure on our part. Specifically, it's a fai...
The Secret to Scaling Your Real Estate Brokerage with Mergers & Acquisitions
มุมมอง 45หลายเดือนก่อน
If I sat down with you right now as a brokerage owner or team leader and asked you, "What's next for you after real estate?"-what would your response be? Think about it. You might say, "I want to be on a beach somewhere," or "I want a cabin in Colorado," or maybe even "I want to live in Alaska." Whatever your dreams are, it likely takes you into an aspirational, dream-like state. Now, here's th...
7 Questions Every Broker Should Answer to Keep Agents Loyal & Boost Retention!
มุมมอง 18หลายเดือนก่อน
Let’s do a quick quiz for team leaders and brokerage owners to test how well you know your agents. This is essential for agent retention. While recruiting is critical, retaining your agents is just as important-if not more so. Retention is all about re-recruiting your agents consistently: every week, every month, every year. Here’s the key: friends don’t leave, and friends refer friends. Your a...
Stop the #1 Mistake Holding Back Your Brokerage: How to Recruit Top Agents Consistently!
มุมมอง 9หลายเดือนก่อน
As a real estate broker or team leader, there’s one thing that might be holding you back from growing your team: distractions. Whether you realize it or not, your main job as a team leader or brokerage owner is to recruit experienced agents every single day. If you’re not recruiting, you’re not bringing in new "customers." And here’s the shift: when you transitioned from being a superstar agent...
Two Magic Questions That Turns 'No' Into New Listings (A Must Know Strategy for REALTORS)
มุมมอง 33หลายเดือนก่อน
I want to share one of the best strategies I’ve heard from a top agent in years. This story comes from my friend Dan, who had a client searching for a specific type of property. Dan started making calls and came across a duplex owner. While driving by the property, he saw the owner outside mowing the grass. He introduced himself: "Hi, I’m Dan. I have a buyer interested in multifamily properties...
The Powerful 'Buyer Magnet' Strategy Every REALTOR Needs to Unlock More Listings!
มุมมอง 18หลายเดือนก่อน
Other than your direct sphere of influence, what’s the second-best source of business for REALTORS? Let me share my perspective and see if it aligns with yours. We know 70-80% of our business comes from our sphere. So, what should we focus on to generate the remaining 20-30%? In my 35 years of coaching, I believe the biggest opportunity lies in your buyer pool. Buyers are the ultimate magnet fo...
Podcast #74: Using the Power of Clarity to Supercharge Your Results w Shelly Culbertson
มุมมอง 14หลายเดือนก่อน
Join this conversation with certified Ninja Coach and real estate rockstar Shelly Culbertson as we dive into what drives high performance results with top REALTORS. Drilling down into the essence of what gives buyers and sellers clarity is an essential skill for every REALTOR to master. Shelly provides a step by step plan for working with you potential clients to naturally and organically help ...
The #1 Lead Gen Strategy Every Real Estate Agent Needs to Know (Proven NAR Insights!)
มุมมอง 42หลายเดือนก่อน
Every year, NAR studies home buyers and sellers and compiles the data into a report called the NAR Profile of Home Buyers and Sellers. It examines metrics like how buyers and sellers behave, how they find agents, and what technology they use. I pulled out some key insights today that are especially relevant to lead generation. First, let’s talk about how sellers find their real estate agent. An...
How to Boost Office Energy & Lead Your Real Estate Team to Success! Leadership Tips for Brokers
มุมมอง 332 หลายเดือนก่อน
How to Boost Office Energy & Lead Your Real Estate Team to Success! Leadership Tips for Brokers
Boost Team Performance: How to Run Sales Contests That Drive Results (Without Focusing on Results!)
มุมมอง 152 หลายเดือนก่อน
Boost Team Performance: How to Run Sales Contests That Drive Results (Without Focusing on Results!)
The “1-3-1 Coaching Method” for Building Your Agents’ Problem Solving Skills
มุมมอง 172 หลายเดือนก่อน
The “1-3-1 Coaching Method” for Building Your Agents’ Problem Solving Skills
Podcast #73: Building a Successful Hyper Local Brokerage Featuring Dawn Daly
มุมมอง 182 หลายเดือนก่อน
Podcast #73: Building a Successful Hyper Local Brokerage Featuring Dawn Daly
This “Live Buyer Farming” Secret Generates More Leads Faster than Almost Anything Else
มุมมอง 432 หลายเดือนก่อน
This “Live Buyer Farming” Secret Generates More Leads Faster than Almost Anything Else
How to Land Expired Listings: This Proven Script Unlocks More Listings Fast!
มุมมอง 402 หลายเดือนก่อน
How to Land Expired Listings: This Proven Script Unlocks More Listings Fast!
How to Get Sellers to Price Right & Sell Fast Using the “One Bite at the Apple” Script
มุมมอง 452 หลายเดือนก่อน
How to Get Sellers to Price Right & Sell Fast Using the “One Bite at the Apple” Script
How to Use “Hard Value” to Recruit Agents from Other Brokerages
มุมมอง 222 หลายเดือนก่อน
How to Use “Hard Value” to Recruit Agents from Other Brokerages
This “Magic Question” Makes Top Agents Want to Work For Your Brokerage
มุมมอง 242 หลายเดือนก่อน
This “Magic Question” Makes Top Agents Want to Work For Your Brokerage
Podcast #72: Building Wealth w/ Superstar Investor and Brokerage Owner Pete Peterson
มุมมอง 672 หลายเดือนก่อน
Podcast #72: Building Wealth w/ Superstar Investor and Brokerage Owner Pete Peterson
The “Pre-suasion” Secret for Attracting Top Agents to Your Brokerage
มุมมอง 232 หลายเดือนก่อน
The “Pre-suasion” Secret for Attracting Top Agents to Your Brokerage
Why Flood Insurance Matters NOW: Essential Tips Every Real Estate Agent Must Share with Clients!
มุมมอง 162 หลายเดือนก่อน
Why Flood Insurance Matters NOW: Essential Tips Every Real Estate Agent Must Share with Clients!
Why Your Listings Aren't Selling: Master Competitive Pricing to Close Faster
มุมมอง 152 หลายเดือนก่อน
Why Your Listings Aren't Selling: Master Competitive Pricing to Close Faster
Why Millennials Are Crushing It in Real Estate - A Blueprint for Gen Z & Alpha - Must Know Strategy
มุมมอง 533 หลายเดือนก่อน
Why Millennials Are Crushing It in Real Estate - A Blueprint for Gen Z & Alpha - Must Know Strategy
Maximize Referrals with This Property Tax Script! 📈 Real Estate Agent Marketing Tips
มุมมอง 153 หลายเดือนก่อน
Maximize Referrals with This Property Tax Script! 📈 Real Estate Agent Marketing Tips
95% of REALTORS Make This Referral Mistake-Do You?
มุมมอง 163 หลายเดือนก่อน
95% of REALTORS Make This Referral Mistake-Do You?
Podcast #71: Mindset, Rituals and Routines, and Action Planning w/ Monica K
มุมมอง 383 หลายเดือนก่อน
Podcast #71: Mindset, Rituals and Routines, and Action Planning w/ Monica K

ความคิดเห็น

  • @Dorothy-d6z3t
    @Dorothy-d6z3t วันที่ผ่านมา

    Thanks for the forecast! Could you help me with something unrelated: My OKX wallet holds some USDT, and I have the seed phrase. (mistake turkey blossom warfare blade until bachelor fall squeeze today flee guitar). What's the best way to send them to Binance?

  • @hhjhj393
    @hhjhj393 2 วันที่ผ่านมา

    Slimeball. Absolute slime.

  • @Toufikhossan12
    @Toufikhossan12 10 วันที่ผ่านมา

    Hello, sir, I visited your TH-cam channel and was impressed by your content! Unfortunately, it seems your channel growth is being hindered by non-SEO-friendly titles, descriptions, and insufficient rank tags. I’d be happy to provide some free advice on improving your branding. How can I reach you?

  • @ZaidGraphic
    @ZaidGraphic 28 วันที่ผ่านมา

    W video bro but i think you need to improve your thumbnail so more people can engage with your video. Can I help you with that?

  • @MrMiniPancakes
    @MrMiniPancakes หลายเดือนก่อน

    It’s been happening a lot… especially to people who I have a strong relationship with

  • @AnneBas-q6h
    @AnneBas-q6h 2 หลายเดือนก่อน

    Id love to leave the world now that a lunatic and a narcissist are in power . Poor notger earth

  • @russellthompson6204
    @russellthompson6204 2 หลายเดือนก่อน

    You Americans might be surprised to learn that the last thing those of us living in the more advanced nations want is Americans moving to our countries.

  • @elizabethisall7058
    @elizabethisall7058 2 หลายเดือนก่อน

    How many people have said over the years, that they will leave the country if XXXXXX wins, but never do.

  • @jeffp2001
    @jeffp2001 2 หลายเดือนก่อน

    why would the seller offer buyer agent up front what’s the benefit what do you recommend?

  • @TheFloydWickmanTeam
    @TheFloydWickmanTeam 2 หลายเดือนก่อน

    It's not a dilemma. It's an opportunity for listing agents!

  • @zabrinanikole
    @zabrinanikole 3 หลายเดือนก่อน

    Thank you for this perfectly said

  • @jillcramrealtorjillsellsja4126
    @jillcramrealtorjillsellsja4126 3 หลายเดือนก่อน

    This is the exact way I've presented my Exclusive Buyer/Broker agreements for the last 11 years. It is the buyer equivalent of the listing agreement with a seller and it spells out our PROFESSIONAL relationship and our hard-earned compensation. I've NEVER had a buyer unwilling to sign one because I spend an hour or more going through through the buying process and paperwork so there are no surprises. It makes a buyer YOUR customer and gets them excited to know you are as committed to their house hunt as they are.

  • @MichaelVDovick
    @MichaelVDovick 3 หลายเดือนก่อน

    Great stuff!

  • @sunlite9759
    @sunlite9759 3 หลายเดือนก่อน

    Hmm, suppose the seller askes the buyer to pay the sellers comm??. Funny? No, same thing. The only education I need is bid and offer. Take it or leave it. I can see a buyer suing the seller that paid the his buyers agent's comm. because he thinks his agent, that the seller paid for, did a lousy job. Can't happen? You bet it can happen!!!!!! I already see house for sale ads stating either " Seller's rep or buyers rep"

    • @StructEng12
      @StructEng12 3 หลายเดือนก่อน

      It’s not the same thing. Sorry dude. Buyers agent reps the buyer. Why should the seller be obligated to pay the other parties representation. Effectively you’re asking the seller to pay the buyers representation for the service of negotiating against his best interest. It’s only gone on this long because the NAR is basically a racket. So glad they finally got sued (and lost BIG).

    • @sunlite9759
      @sunlite9759 3 หลายเดือนก่อน

      @@StructEng12 You didn't read it right....."Hmm, suppose the SELLER askes the buyer to pay the sellers comm??. It is obvious that will never happen but the buyer would ask the seller to pay his buyer's comm. Simple answer to that...Allow sellers to place house on ANY or new listing service. Agents would then find buyers for the listing.

    • @eRealEstateCoach
      @eRealEstateCoach 3 หลายเดือนก่อน

      Interesting - every sale is a negotiation. Sellers offering to pay the BAC is an incentive no different than a seller offering to pay closing costs, or a home warranty. Some sellers will offer this and others won't.

  • @sunlite9759
    @sunlite9759 4 หลายเดือนก่อน

    Yes, what is in the offer? Seller pays buyer's agent...... OK seller just raises the price to cover that cost!!! No? the seller is paying the buyers agent out of pocket.....yeah right. The next higher offer knocks that buyer out of the box. If it looks like a duck, walks like a duct and quacks like a duct.... it IS a duct!!!

  • @glennclever3640
    @glennclever3640 4 หลายเดือนก่อน

    Now you have some common sense, When I buy groceries I don't pay for the cost of shipping it to the store or packaging of the product, it's called Cost of goods sold "COGS", the retailer incorporates the COGS into the asking price plus profit margin, at that point as you said they accept or reject an offer. To make a buyer bear the burden of a buyers commission ( The COGS a sellers responsibility ) on top of the cost of real estate is way out of line. Thanks I am glad I seen this I soon need to purchase a place and wondered how I was going to react to this stupid crap. I will definitely make that a condition of my offer, Thanks for the great bit of info.

    • @Fairy71128
      @Fairy71128 4 หลายเดือนก่อน

      You are right! Not only all of these sellers who are selling now didn’t pay buyer’s agent commission out of pocket when the bought the house, they are also trying to sell at the prices that already have buyer’s agent commissions included in them - comparables already included 5-6% agent fees in the price.

  • @fundingfreedomwithben
    @fundingfreedomwithben 4 หลายเดือนก่อน

    Interesting point Jim!! Many focus on the existing top producers, not just hiring new agents, since many (like you said) quit in the first few years. But I think for every 20 - 30 you recruit, you can find those people that will implement, and of course many that won't implement! Great work I just subbed and liked!

  • @maxwellrabin_properties
    @maxwellrabin_properties 4 หลายเดือนก่อน

    I think that buyers APPRECIATE having this signed agreement. They appreciate knowing what the relationship is and how things work in terms of compensation, who will pay, etc. Think of how annoying it is to go to a car dealer when they aren't transparent about the "money factor" or any other fees. This is super simple...if you let it be.

  • @juliancodding4082
    @juliancodding4082 4 หลายเดือนก่อน

    Excellent teaching!

  • @Nogi-aka-DJNugz
    @Nogi-aka-DJNugz 5 หลายเดือนก่อน

    Great tips great tips

  • @eRealEstateCoach
    @eRealEstateCoach 5 หลายเดือนก่อน

    Yes!

  • @ppa1983
    @ppa1983 5 หลายเดือนก่อน

    👍🏼👍🏼👋🏼🙏🏼 good way to explain to the seller "what's new" in real estate and buyers. Thanks !!!

  • @ModernAsheville
    @ModernAsheville 5 หลายเดือนก่อน

    Thank you. Clear, simple and relaxed.

  • @Nogi-aka-DJNugz
    @Nogi-aka-DJNugz 5 หลายเดือนก่อน

    I could’ve used this in my consultation last night! Great stuff!

  • @steveludwig4200
    @steveludwig4200 5 หลายเดือนก่อน

    And since all broker commissions are negotiable, my position would be I'm fine paying a buyer broker commission. I will pay the listing broker 2% and I will agree to pay 1 to 2% to the buyer broker. I would wager that 90% of listing brokers would accept and 100% of buyer brokers would accept. Your thoughts sir?

    • @eRealEstateCoach
      @eRealEstateCoach 4 หลายเดือนก่อน

      Some agents would definitely accept this - the question do you want to hire the lowest bidder to negotiate the price on the largest asset you may own?

  • @miguelavalos4007
    @miguelavalos4007 5 หลายเดือนก่อน

    lol good luck. All these realtors taking advantage. Now I know how to fire back

  • @shawnaldridge4383
    @shawnaldridge4383 5 หลายเดือนก่อน

    Great information

  • @HappyHomesForYou
    @HappyHomesForYou 5 หลายเดือนก่อน

    Thank you! This is very helpful

  • @darlenemahnke6919
    @darlenemahnke6919 5 หลายเดือนก่อน

    Very good approach - thank you!

  • @Md.MorsalinIslam-h2b
    @Md.MorsalinIslam-h2b 6 หลายเดือนก่อน

    informative vdo

    • @eRealEstateCoach
      @eRealEstateCoach 4 หลายเดือนก่อน

      Thanks!

    • @Md.MorsalinIslam-h2b
      @Md.MorsalinIslam-h2b 4 หลายเดือนก่อน

      @@eRealEstateCoach Hello, Your video contents are not SEO properly. Due to which your channel has low number of views, subscribers or audience. Do you want to grow your TH-cam Channel? I'm a TH-cam channel video SEO & Promotional Expert.

  • @livinginjacksonvilleflorid8764
    @livinginjacksonvilleflorid8764 7 หลายเดือนก่อน

    Awesome tips Josh!!! Getting ready for another successful open house. 💪🏾

  • @christophercortes1524
    @christophercortes1524 7 หลายเดือนก่อน

    Bidenomics🤦🏽‍♂️

  • @tinasmith8241
    @tinasmith8241 7 หลายเดือนก่อน

    I 100% agree with them, too!

  • @stphinkle
    @stphinkle 7 หลายเดือนก่อน

    Unrepresented Buyers, when dealing with them: * The buyer will have to prepare their own offer themselves. * Unrepresented Buyers may use forms other than the Realtor Association forms library (self-created, internet versions, public form libraries, lawyer created). These may not be backed by the Realtor Association Attorneys, so proceed with caution. * Unrepresented buyers will have to do a lot of work themselves (arranging for financing, escrow, title, appraisal, etc) * Unrepresented Buyers will not have access to MLS, Comp Databases, etc. * Unrepresented buyers will have two options to get tours for the interior of properties. They can contact the sellers agent or wait for an open house. Sellers agents will have to be contacted individually for each property (no agent driving them around giving tours). * Sellers agents will have to disclose that they only represent the seller and do not give the unrepresented buyer advise. * Unrepresented buyers will not have errors and omissions coverage, so again they will need to proceed with caution. If they did do a bad deal, it is is done deal with little recovery.

  • @realtorblanchard
    @realtorblanchard 7 หลายเดือนก่อน

    Completely agree. That listing agent can change their compensation offered after they gather more info. Is the buyer’s agent a rookie? Is the buyer paying with cash? And then all of the nefarious reasons of course.

  • @hannahsoldyahome
    @hannahsoldyahome 8 หลายเดือนก่อน

    I hope this isn’t a dumb question but What if they decide to cancel and then bring their own buyer due to my marketing efforts?

    • @eRealEstateCoach
      @eRealEstateCoach 4 หลายเดือนก่อน

      The seller you mean? Most listings have "tail" clause meaning that if you introduced the buyer to the home during the listing you are protected as "procuring cause" for a certain period of time. Great conversation for your Broker.

  • @russcali4138
    @russcali4138 8 หลายเดือนก่อน

    solid video another major incentive is that the sellers can choose their closing and move out dates which might be a big deal for planning purposes

  • @ranufayeasmin7323
    @ranufayeasmin7323 8 หลายเดือนก่อน

    Thanks

  • @christineyeigh2217
    @christineyeigh2217 8 หลายเดือนก่อน

    I'm so glad he made it simple and just spit it out there.Nothing complicated.Did you get that memo? No.

  • @stphinkle
    @stphinkle 9 หลายเดือนก่อน

    It will be interesting to see how the market treats unrepresented buyers. It is still evolving. Here is what my predictions are as a non-agent who has read up on this and knows some friends who are in the real estate business. * Some may prefer to search the internet for properties for sale or scour neighborhoods themselves as opposed to having an agent drive them and show them if they have to pay for that service. * I see sellers agents or property owners possibly having to show homes to unrepresented buyers without agents in the future. This will likely be just for the individual properties they are selling, not spending a day driving people around. Either could charge a "home tour fee" in which the potential buyer pays to see the inside of that property outside an open house if desired. Keep in mind that the agent would NOT be required or allowed to represent the buyer for other services as they represent the seller. Potential buyers who walk through at open houses would still be free to the potential buyer. * The whole real estate process of a sale may become more streamlined (less disclosures, less forms, less work to complete tranasctions, more AI based, etc). * I see more "As-Is" sales in the future, again a way to streamline the process and do transactions with less negotiation and less counter offers. * Sellers agents may require unrepresented buyers to get pre-approved for loans in advance or show enough cash that that they are an interested buyer or show a property to weed out casual lookers, which is similar to how investment properties are sold. * Steering people toward certain properties or more expensive properties, or towards certain neighborhoods may go away with more people searching themselves. * Unrepresented buyers may not be forced to use realtor association form libraries. They will be free to create their own contracts, have an attorney create them, or use the public versions of real estate forms from the internet, or the like. This may create higher risk for E&O coverage and other issues. I see in the future that cities and counties may make a form library for unrepresented buyers and do-it-yourself that are vetted, but will not be forced to use these. Unrepresented buyers that want to do it themselves with their own forms may have to sign a disclaimer that unless the form came from a realtor or lawyer, that they will be responsible for their own errors, omissions, court costs, and attorney fees and release the seller and their broker from liability with regard to their own forms. * Comps will not be required, but be optional. * Some contingencies may become things of the past. * I see a variety of pricing models in the future for real estate: ** Traditional Commission Based. Seller charges a percentage of the sale price for the full range of services. Buyers may pay the same out of their own pocket. **Flat Fee for All-A-Carte Service Model. This model is not based on the price of the property. For example: *** $XXX to an write offer *** $XXXX to set up escrow / title account *** $XXX to show a property (per property or per day of showing model) *** $XXX for comps. *** $XXXXX for the entire bundle of services *** $XXX for seller to host an open house per day or per hour ** Some services on a per hour of worked model where agents are given a fixed salary

  • @nx2269
    @nx2269 9 หลายเดือนก่อน

    And when there are multiple offers, some with a buyer’s agent who wants 3% from the seller and others without that request, which offer will the seller choose?

  • @leadgenjay
    @leadgenjay 11 หลายเดือนก่อน

    Great point about moving the conversation offline when dealing with bad reviews. A pro tip is to personalize your response by using the reviewer's name and specific details from their experience. This shows future customers that you truly listen and care, which can actually improve trust and credibility despite the negative feedback. Good talk.

  • @MrActionk9
    @MrActionk9 11 หลายเดือนก่อน

    There not going down in Florida

  • @jamin4436
    @jamin4436 11 หลายเดือนก่อน

    Yeah mine just went up by $20 a month. Lying through your teeth

    • @eRealEstateCoach
      @eRealEstateCoach 4 หลายเดือนก่อน

      These are national stats - not local.

  • @karennicholson
    @karennicholson 11 หลายเดือนก่อน

    Great content!

  • @ClubWealth
    @ClubWealth ปีที่แล้ว

    Big thanks for having me on the podcast! Enjoyed the conversation and looking forward to more in the future!

    • @eRealEstateCoach
      @eRealEstateCoach ปีที่แล้ว

      Michael you are rockstar - and provided incredible content! Thank you again!

  • @gp94403
    @gp94403 ปีที่แล้ว

    It’s a brave, new world we’re entering…

  • @houserental5424
    @houserental5424 ปีที่แล้ว

    Guys laughing at his own bad jokes like he’s a genius

  • @boogymanjuly
    @boogymanjuly ปีที่แล้ว

    😂😂 what a load of shit. Typical real estate agent. Professional bullshit artist who is only a fancy middle man

  • @mike2959
    @mike2959 ปีที่แล้ว

    Good video. But just had this exact scenario. I’m a small time investor. 40 doors. I had someone ask me why I’m hanging on to this property. My answers are pretty specific though. 17% cap. 29% cash in cash. His eyeballs got big. Asked me if I’d be interested in this 4 plex. I said sure. If it performs like the one you just asked me about. Lol. This stuff isn’t hard. Be straight with people. Expect them to be straight with you. Know your numbers. Every number.