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		<title>Real Estate After Sitzer-Burnett</title>
		<link>https://meleahjones.com/the-more-you-know/sitzer-burnett/</link>
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		<dc:creator><![CDATA[Site Admin]]></dc:creator>
		<pubDate>Sun, 02 Jun 2024 05:39:25 +0000</pubDate>
				<category><![CDATA[The More You Know]]></category>
		<category><![CDATA[adapt]]></category>
		<category><![CDATA[change]]></category>
		<category><![CDATA[commission]]></category>
		<category><![CDATA[pay]]></category>
		<category><![CDATA[Sitzer-Burnett]]></category>
		<category><![CDATA[support]]></category>
		<guid isPermaLink="false">https://meleahjones.com/?p=4386</guid>

					<description><![CDATA[<p>The Sitzer-Burnett case has significantly shaken the real estate landscape, leading to more negotiable and transparent payment models. This blog post will briefly overview the case, the major changes introduced, the ongoing challenges and opportunities for realtors, and practical tips for navigating this new environment. Brief Overview You’ve probably heard the buzz around the Sitzer-Burnett [&#8230;]</p>
<p>The post <a href="https://meleahjones.com/the-more-you-know/sitzer-burnett/">Real Estate After Sitzer-Burnett</a> appeared first on <a href="https://meleahjones.com">The Meleah Jones Network</a>.</p>
]]></description>
										<content:encoded><![CDATA[<div class="thrv_wrapper tve_wp_shortcode"><div class="tve_shortcode_raw" style="display: none"></div><div class="tve_shortcode_rendered"><p>The Sitzer-Burnett case has significantly shaken the real estate landscape, leading to more negotiable and transparent payment models. This blog post will briefly overview the case, the major changes introduced, the <a href="https://www.realestatenews.com/2024/05/31/homebuyer-files-appeal-challenging-sitzer-burnett-settlements">ongoing challenges</a> and opportunities for realtors, and practical tips for navigating this new environment.</p>
<h2>Brief Overview</h2>
<p>You’ve probably heard the buzz around the Sitzer-Burnett case if you&#8217;re a realtor. This landmark ruling zeroed in on how commissions are handled in our industry, pushing for formalized transparency and what is being called &#8220;increased competition.&#8221; A good way to think about it moving forward is that it’s all about making sure clients understand what they’re paying for and why, which, let’s face it, is a good move for everyone. In fact, it&#8217;s likely. a move you&#8217;ve already been making. So, what does this mean for you? Let’s try to break it down together.</p>
<h2>Pre/ Post Sitzer-Burnett</h2>
<h3>Before</h3>
<p>An overwhelming number of home buyers and sellers reported that they felt commissions were often set in stone and had little insight or control over how those fees were divided up. Seasoned professionals often had checklists and systems that new realtors did not. While we had our tried-and-true methods honed over years of experience, it seems that more than a few folks needed additional support.</p>
<h3>After</h3>
<p>Now, we&#8217;re in more uncertain territory, and the ground will continue to shift <a href="https://www.realestatenews.com/2024/05/28/what-is-steering-3-scenarios-to-consider">until they wrap this whole thing up.</a> Commissions were always up for negotiation, but now express language and documentation guide the process. Thus, we&#8217;ll need to be more plain-language and upfront in our approach with clients about where their money goes. Those best practices we’ve relied on? They&#8217;ll now become the standard, written into the rulebook. It’s a new era of flexibility, where explaining our value isn’t just a nicety—it’s a necessity.</p>
<h2>Key Challenges</h2>
<ol>
<li>
<h3><strong>New Norms</strong></h3>
</li>
</ol>
<p>Change can be challenging, especially when it feels like the rug is being pulled out from under you. We must adapt quickly to changing commission structures and requirements and ensure we’re playing by the new rules. Explaining these changes to clients in a way that makes sense is a whole new ball game. Your new goal for commissions is clarity, clarity, and choice.</p>
<h4><strong>CLARITY</strong></h4>
<p>Be outrageously clear, and don&#8217;t use any industry language.</p>
<h4><strong>CONCISE</strong></h4>
<p>Keep it brief. Think about what is truly necessary, and use bullet points. No one wants a presentation on the specifics and hardships of your job—ever. (No one.)</p>
<h4><strong>CHOICE</strong></h4>
<p>Outline your unique value and their clear options.</p>
<ol start="2">
<li>
<h3><strong>Increased Competition</strong></h3>
</li>
</ol>
<p>With more flexibility comes varied competition. Hopefully, this will be a good change of pace for clients, assuming everyone is ethical. However, it could also make life tricky. Some might try to undercut prices or take shortcuts to stay competitive. The challenge will be to maintain our standards and provide top-notch service without getting drawn into a race to the bottom.</p>
<ol start="3">
<li>
<h3><strong>Supporting New Realtors</strong></h3>
</li>
</ol>
<p>This new landscape can be overwhelming for those just starting out &#8211; as if it wasn&#8217;t already. New agents will need beaucoup guidance to navigate this transition effectively. We seasoned professionals must step up, offering support and sharing our hard-earned knowledge to help them find their footing.</p>
<h2>Key Opportunities</h2>
<ol>
<li>
<h3><strong>Innovative Pay Structures</strong></h3>
</li>
</ol>
<p><em>Is this an upside?</em> Time will tell. Listen, folks, we&#8217;re innovators. We &#8220;make it work&#8221; all the time. We can do it here, too. Flat fees, hourly rates, service bundles – <a href="https://www.uschamber.com/co/start/strategy/how-to-price-your-services">abundant possibilities</a>. Tailoring new options to fit unique values and client needs can set agents apart and show that we’re flexible and forward-thinking. (&#8230;<em><strong>Breathe</strong></em>.)</p>
<ol start="2">
<li>
<h3><strong>Enhanced Client Relationships</strong></h3>
</li>
</ol>
<p>By clearly explaining the value we bring to the table, we can foster trust and loyalty. Creating clear, easy-to-understand materials and scripts helps clients feel informed and confident about their choices. Consider using social media or creating a landing page rather than sitting clients down to teach them new regulations. Think about the 3 C&#8217;s and consider what kind of engagement you yourself would want &#8211; likely not an Open House that feels like Saturday morning detention, right? Right.</p>
<ol start="3">
<li>
<h3><strong>Continued Professional Growth</strong></h3>
</li>
</ol>
<p>The industry is ever-evolving, and we must move along with it. Investing in our education and staying ahead of trends has always been essential to being excellent agents. Remember that mentoring new agents helps them and strengthens the industry as a whole. <em>Forward together.</em></p>
<h2>Sitzer-Burnett Success</h2>
<ol>
<li>
<h3><strong>Clear Materials</strong></h3>
</li>
</ol>
<p>Help clients understand the new commission structures by making it as easy as possible. Developing brochures, FAQs, and other materials that explain these changes in simple terms can go a long way toward building trust and clarity. Primarily, you will want to follow new regulations and assure clients that you will treat them honestly and respectfully and do your professional best to serve them (as you always have).</p>
<ol start="2">
<li>
<h3><strong>Effective Communication</strong></h3>
</li>
</ol>
<p>Clear, concise scripts to navigate the changes will make all the difference. You know what I say: <em>Tough conversations? Get a script, STAT!</em> When we are confident and casual in explaining changes, clients are less likely to feel overwhelmed. (You have to do this part. You must.)</p>
<ul>
<li>
<h3><strong>Leverage Technology</strong></h3>
</li>
</ul>
<p>Embracing technology isn’t just a trend – it’s a necessity. These tools can enhance our efficiency and client experience, from advanced CRM systems to virtual tours. Staying tech-savvy keeps us competitive. If you&#8217;ve decided you or your agency is going with a <a href="https://peoplemanagingpeople.com/strategy-operations/payroll-finance/pay-structure/">new pay structure</a>, let tech do the heavy lifting. Don&#8217;t lag behind here.</p>
<h2>Final Thoughts</h2>
<p>The Sitzer-Burnett case is introducing significant changes, but realtors still have the opportunity to innovate and improve their services as the outcome evolves. Realtors can thrive in this changing landscape by adapting to new pay structures, enhancing client communication, and investing in professional growth. Remember, adapting to a new opportunity and then <a href="https://meleahjones.com/relationships/how-leverage-wins-referrals-in-real-estate/">leveraging it</a> to your advantage is the key to success.</p>
</div></div><div class="tcb_flag" style="display: none"></div>
<span class="tve-leads-two-step-trigger tl-2step-trigger-0"></span><span class="tve-leads-two-step-trigger tl-2step-trigger-0"></span><p>The post <a href="https://meleahjones.com/the-more-you-know/sitzer-burnett/">Real Estate After Sitzer-Burnett</a> appeared first on <a href="https://meleahjones.com">The Meleah Jones Network</a>.</p>
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		<title>The Adventures of Lady Leverage: Fast Track to Realtor Success</title>
		<link>https://meleahjones.com/mindset/the-adventures-of-lady-leverage-on-the-fast-track-to-realtor-success/</link>
					<comments>https://meleahjones.com/mindset/the-adventures-of-lady-leverage-on-the-fast-track-to-realtor-success/#respond</comments>
		
		<dc:creator><![CDATA[Meleah Jones]]></dc:creator>
		<pubDate>Fri, 19 Aug 2022 15:26:59 +0000</pubDate>
				<category><![CDATA[Mindset]]></category>
		<guid isPermaLink="false">https://meleahj.us.instawp.xyz/?p=607</guid>

					<description><![CDATA[<p>Leverage is a huge deal in a realtor&#8217;s arsenal. It can help you be more successful than you ever thought possible. Leverage gives the ultimate edge when negotiating deals. It will help you get more money for your client&#8217;s properties if you do things right. If you&#8217;ve been following along, you already know I refer [&#8230;]</p>
<p>The post <a href="https://meleahjones.com/mindset/the-adventures-of-lady-leverage-on-the-fast-track-to-realtor-success/">The Adventures of Lady Leverage: Fast Track to Realtor Success</a> appeared first on <a href="https://meleahjones.com">The Meleah Jones Network</a>.</p>
]]></description>
										<content:encoded><![CDATA[<div class="thrv_wrapper tve_wp_shortcode"><div class="tve_shortcode_raw" style="display: none"></div><div class="tve_shortcode_rendered"><p><span style="font-weight: 400;">Leverage is a huge deal in a realtor&#8217;s arsenal. It can help you be more successful than you ever thought possible. Leverage gives the ultimate edge when negotiating deals. It will help you get more money for your client&#8217;s properties if you do things right.</span></p>
<p><span style="font-weight: 400;">If you&#8217;ve been following along, you already know I refer to the superpower behind my ever-expanding network as Lady Leverage. While Lady Leverage is just a light-hearted way to get me </span><i><span style="font-weight: 400;">in the zone</span></i><span style="font-weight: 400;"> to check all the boxes on my list, networking is serious business.</span></p>
<p><span style="font-weight: 400;">Follow these five tips on using leverage to </span><i><span style="font-weight: 400;">your</span></i><span style="font-weight: 400;"> advantage as a realtor. You&#8217;ll be surprised at just how quickly you start thriving in the real estate industry, even without a cape and superpowers from another planet.</span></p>
<h2><b>Learn As Much As You Can</b></h2>
<p><span style="font-weight: 400;">As a new realtor, learn about the industry as much as possible. By studying the industry and learning what makes it successful, you can better understand how to leverage your skills as a realtor.</span></p>
<p><span style="font-weight: 400;">One way to do this is by reading about the latest trends in the real estate market. For example, suppose you know that more and more people are buying homes through online listings. In that case, you can focus on marketing your properties that way.</span></p>
<p><span style="font-weight: 400;">You should also familiarize yourself with different financing options and how to negotiate deals. This will give you an edge over other realtors when it comes time to close a sale. Finally, stay up-to-date on the latest laws and regulations affecting the real estate industry.</span></p>
<h2><b>Master The Art of Networking</b></h2>
<p><span style="font-weight: 400;">When starting out, getting yourself out there and meeting people in your industry is essential. As a realtor, it is also foundational to your career to master the art of networking to improve your leverage. </span><a href="https://www.entrepreneur.com/article/430153"><span style="font-weight: 400;">Networking lets you build relationships with other professionals</span></a><span style="font-weight: 400;"> and learn from their experiences. It can also help you find new leads and opportunities.</span></p>
<p><span style="font-weight: 400;">Networking is especially important when you are just starting out in your career. As a newbie, breaking into the industry and making connections can be difficult. However, by networking effectively, you can make some valuable connections that can help you achieve success.</span></p>
<p><span style="font-weight: 400;">Networking is beneficial not only for rookie realtors but for experienced professionals as well. In today&#8217;s competitive market, you simply have to stay ahead of the curve and network with other industry leaders.</span></p>
<h2><b>Use Your Powers for Good</b></h2>
<p><span style="font-weight: 400;">As a new realtor, start finding ways to use your leveraging power to its fullest potential as soon as </span><i><span style="font-weight: 400;">right now</span></i><span style="font-weight: 400;">. Remember, leverage is the ability to do more with less and, as such, often comes in handy when clients have tight budgets with high demands. In this case, you can do more business with less money and effort.</span></p>
<p><span style="font-weight: 400;">Use this power to get in touch with other agents, build client relationships, and network with people in the industry. Those successful relationships with clients are made by providing excellent service using leverage. They will ultimately gain you referrals again and again.</span></p>
<p><span style="font-weight: 400;">Get in touch with other agents in your area. Knowing people in the industry can help you get leads and referrals. Keep them informed of what is happening in the market and be available when they need you. Network with people in the industry by attending events and meetings. This will help you learn about new opportunities and stay up-to-date on industry changes.</span></p>
<h2><b>Stay Positive And Focused</b></h2>
<p><span style="font-weight: 400;">Did you know that you can also leverage your focus and positive attitude? With so many things going on at once in a transaction, stay focused on what&#8217;s important. This means being organized and keeping good records. It also means </span><a href="https://www.mayoclinic.org/healthy-lifestyle/stress-management/in-depth/positive-thinking/art-20043950#:~:text=One%20theory%20is%20that%20having,of%20stress%20on%20your%20body."><span style="font-weight: 400;">staying positive, even when things are going differently than planned</span></a><span style="font-weight: 400;">. Your clients rely on you to have a positive mindset and to keep it together when they need it most.</span></p>
<p><span style="font-weight: 400;">Don&#8217;t be mistaken, being positive doesn&#8217;t mean being dishonest when something is on the not-so-sunny side, and it doesn&#8217;t mean lying. Being positive is seeing the good always there and making it a priority. Everything isn&#8217;t always kittens and rainbows, even with the grace of God.</span></p>
<p><span style="font-weight: 400;">Realtors who can stay focused and positive are more successful in this industry. They have the energy and drive to keep going when things get tough, and they can stay motivated during slow times.</span></p>
<h2><b>Take Care of Your Clients</b></h2>
<p><span style="font-weight: 400;">More than superhuman, it&#8217;s your job to be human. Your clients need a good listener and strong shoulders. You&#8217;ll learn much about their hopes and dreams and what they can and cannot afford. It is so critical to your success that you treat them with respect and dignity during the process.</span></p>
<p><span style="font-weight: 400;">The real estate industry can be cutthroat, and as a new realtor, it&#8217;s essential to always put your clients first. Clients search for realtors who they know will take care of their needs. Other realtors sometimes forget this and bank their marketing on high numbers and leaderboard ranking.</span></p>
<p><span style="font-weight: 400;">I recommend broadcasting that being honest and human and meeting your client&#8217;s needs every time is your superpower. You can use networking for everything else. Other people have services and skills to help you close the deal faster and more efficiently. You can lean on those people during your transaction. Let your clients lean on you.</span></p>
<h2><b>Leverage Is Here To Save the Day</b></h2>
<p><span style="font-weight: 400;">Being a successful realtor takes hard work and dedication. Still, by focusing on your clients and staying ahead of the curve, you&#8217;ll be on your way to a thriving career in no time. Leveraging what you have is the backbone of real estate. It can help you get listings, make more money, and grow your business. Using the right tools and strategies, you can maximize your leverage and networking to get on the fast track to realtor success.</span></p>
</div></div><div class="tcb_flag" style="display: none"></div>
<span class="tve-leads-two-step-trigger tl-2step-trigger-0"></span><span class="tve-leads-two-step-trigger tl-2step-trigger-0"></span><p>The post <a href="https://meleahjones.com/mindset/the-adventures-of-lady-leverage-on-the-fast-track-to-realtor-success/">The Adventures of Lady Leverage: Fast Track to Realtor Success</a> appeared first on <a href="https://meleahjones.com">The Meleah Jones Network</a>.</p>
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		<title>3 Reasons To Stop Being Scared of Real Estate Scripts</title>
		<link>https://meleahjones.com/mindset/3-reasons-to-stop-being-scared-of-real-estate-scripts/</link>
					<comments>https://meleahjones.com/mindset/3-reasons-to-stop-being-scared-of-real-estate-scripts/#respond</comments>
		
		<dc:creator><![CDATA[Meleah Jones]]></dc:creator>
		<pubDate>Fri, 19 Aug 2022 15:26:08 +0000</pubDate>
				<category><![CDATA[Mindset]]></category>
		<guid isPermaLink="false">https://meleahj.us.instawp.xyz/?p=595</guid>

					<description><![CDATA[<p>Grab the list. Dial the number. Let it ring. The prospect answers, and you freeze. Sounds familiar? Cold calls live up to their name if you don&#8217;t prep beforehand. The use of scripts can make or break a cold call in the real estate industry, but they&#8217;re not just for telephone prospecting. Scripts can help [&#8230;]</p>
<p>The post <a href="https://meleahjones.com/mindset/3-reasons-to-stop-being-scared-of-real-estate-scripts/">3 Reasons To Stop Being Scared of Real Estate Scripts</a> appeared first on <a href="https://meleahjones.com">The Meleah Jones Network</a>.</p>
]]></description>
										<content:encoded><![CDATA[<div class="thrv_wrapper tve_wp_shortcode" data-css="tve-u-19010ea6374" style=""><div class="tve_shortcode_raw" style="display: none"></div><div class="tve_shortcode_rendered"><p><span style="font-weight: 400;">Grab the list. Dial the number. Let it ring. The prospect answers, and you freeze. Sounds familiar? Cold calls live up to their name if you don&#8217;t prep beforehand.</span></p>
<p><span style="font-weight: 400;">The use of scripts can make or break a cold call in the real estate industry, but they&#8217;re not just for telephone prospecting. Scripts can help real estate professionals increase efficiency and close more deals. They allow agents to thoroughly prepare for interactions with clients, and they can help agents avoid making common mistakes. Scripts can also help agents create a consistent message and sales approach.</span></p>
<p><span style="font-weight: 400;">So why all the hesitation? If you&#8217;re a new real estate agent who thinks that scripts aren&#8217;t for you, keep reading to find out 3 reasons why it&#8217;s high time to put on your big-time realtor pants and just get the job done.</span></p>
<h2><b>Reason 1: </b><a href="https://magazine.realtor/sales-and-marketing/quick-scripts"><b>Scripts help agents</b></a><b> stay organized and focused.</b></h2>
<p><span style="font-weight: 400;">Scripts can be an extremely valuable tool for newbies, as they provide a focal point for the entire process. They also help agents stay on track by keeping them focused on their goals. Using scripts, agents can succeed while avoiding joint distractors or going off-topic and taking too much of a client&#8217;s time. There&#8217;s a good chance that you practiced using scripts to help you stay organized and focused while you were training for licensure.</span></p>
<h2><b>Reason 2: Scripts provide a roadmap for agents to follow.</b></h2>
<p><span style="font-weight: 400;">When you are just starting out in the real estate industry, having a roadmap to follow can be extremely helpful in ensuring success. Scripts provide agents with a guide on approaching various situations, from prospecting to closing a sale. For newbies, following a script can help reduce anxiety and ensure that all steps of the process are followed correctly. Realtors who use scripts also tend to be more successful, as they can communicate more effectively with their clients. Using a script as your foundation, you can build upon your skills and become a more confident real estate agent.</span></p>
<h2><b>Reason 3: Scripts help agents overcome objections.</b></h2>
<p><span style="font-weight: 400;">In any profession, overcoming objections is a primary key to success. For real estate agents, scripts can help them overcome objections from potential buyers and sellers. Novice realtors may find it challenging to overcome objections when first using scripts. Still, with some practice, they can be confident in their ability to close more deals. Using scripts, agents can focus on their customer&#8217;s needs and concerns rather than on how to respond to objections – it&#8217;s all there for you! This allows you to focus on building trust and rapport with clients, which can lead to more closed deals.</span></p>
<h2><b>Scripts for Focus on Profit</b></h2>
<p><span style="font-weight: 400;">Some people think that real estate scripts are just for newbies and people who are unsuccessful in real estate. However, this could not be further from the truth. I&#8217;ve seen people snub their noses at scripts even when they know the </span><a href="https://www.geckoboard.com/blog/real-estate-metrics/"><span style="font-weight: 400;">people on the leaderboards</span></a><span style="font-weight: 400;"> use them almost religiously. It&#8217;s just a matter of comfort and familiarity that you have to develop instead of rejection. Realtors always use scripts to ensure they can get the most out of their real estate showing. In fact, using a script can actually help even the most successful top their own numbers for the next quarter.</span></p>
<h2><b>Scripts for Future Success</b></h2>
<p><span style="font-weight: 400;">If you don&#8217;t like scripts, you haven&#8217;t found the one you&#8217;re comfortable with </span><i><span style="font-weight: 400;">yet.</span></i><span style="font-weight: 400;"> Rest easy that there are all sorts of different scripts that you can use when you are a realtor. Some are for getting people interested in the property, while others are for handling objections. No matter what type of script you choose, it is vital that you just have one. They help ensure that your showing goes as smoothly as possible and that you will be able to get the most out of it.</span></p>
<p><span style="font-weight: 400;">From prospecting all to the way to closing a deal and after-sale service, scripts ARE YOUR FRIEND. Find one that works for your purpose and modify it to feel natural. Stop being afraid of scripts and start using them to break your sales record.</span></p>
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<span class="tve-leads-two-step-trigger tl-2step-trigger-0"></span><span class="tve-leads-two-step-trigger tl-2step-trigger-0"></span><p>The post <a href="https://meleahjones.com/mindset/3-reasons-to-stop-being-scared-of-real-estate-scripts/">3 Reasons To Stop Being Scared of Real Estate Scripts</a> appeared first on <a href="https://meleahjones.com">The Meleah Jones Network</a>.</p>
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		<title>How To Never Succeed at Real Estate!</title>
		<link>https://meleahjones.com/the-more-you-know/how-to-never-succeed-at-real-estate/</link>
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		<dc:creator><![CDATA[Meleah Jones]]></dc:creator>
		<pubDate>Fri, 19 Aug 2022 15:22:52 +0000</pubDate>
				<category><![CDATA[The More You Know]]></category>
		<guid isPermaLink="false">https://meleahj.us.instawp.xyz/?p=597</guid>

					<description><![CDATA[<p>Real estate school taught you all about what it takes to be a successful realtor. You did all the work and got the highest marks. But, now that you&#8217;ve been out on your own for a few months, things aren&#8217;t exactly like you thought they&#8217;d be. If &#8220;Where did it all go wrong?&#8221; crosses your [&#8230;]</p>
<p>The post <a href="https://meleahjones.com/the-more-you-know/how-to-never-succeed-at-real-estate/">How To Never Succeed at Real Estate!</a> appeared first on <a href="https://meleahjones.com">The Meleah Jones Network</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p><span style="font-weight: 400;">Real estate school taught you all about what it takes to be a successful realtor. You did all the work and got the highest marks. But, now that you&#8217;ve been out on your own for a few months, things aren&#8217;t </span><i><span style="font-weight: 400;">exactly</span></i><span style="font-weight: 400;"> like you thought they&#8217;d be.</span></p>
<p><span style="font-weight: 400;">If &#8220;Where did it all go wrong?&#8221; crosses your mind or enters your prayers at least once a day, you&#8217;re not alone. Unfortunately, many new real estate graduates feel unprepared and unsupported when they enter the industry and make the same mistakes over and over again.</span></p>
<p><span style="font-weight: 400;">Take a seat, put your feet up on that staged leather ottoman, and learn from the mistakes of those who have come before you to become a better realtor today.</span></p>
<h2><b>Lack of Market Knowledge</b></h2>
<p><span style="font-weight: 400;">To be successful in this industry, it&#8217;s </span><a href="https://www.realestateexpress.com/career-hub/grow-your-real-estate-career/get-to-know-your-local-real-estate-market/"><span style="font-weight: 400;">crucial to have a strong understanding of the local real estate market</span></a><span style="font-weight: 400;">. National trends are important to keep in mind, but your own cozy little corner of the world is what truly matters when it comes to serving clients best. Unfortunately, this is something that many new realtors really struggle with. Predicting trends and making informed decisions is difficult without market knowledge, leading to missed opportunities and less success.</span></p>
<p><span style="font-weight: 400;">Real estate is a complex industry, and there are many factors to consider when trying to make a sale. Knowing what&#8217;s happening in your local market is essential to properly advise your clients and provide them with realistic expectations. Include information on what prices homes are selling for, how long they&#8217;re taking to sell, and the current interest rate averages.</span></p>
<h2><b>Poor Networking Skills</b></h2>
<p><span style="font-weight: 400;">Successful networking is essential for any business but can be especially critical for new realtors. Building a solid network of colleagues and clients is key to long-term success in the industry, yet making connections can be difficult starting out. Many new realtors struggle to find their place in the market, and poor networking often makes it even harder to get ahead. It&#8217;s not only exhausting, but it can be embarrassing to break into an already tight social-professional scene.</span></p>
<p><span style="font-weight: 400;">You can do several things to make networking easier and more effective. Attend as many industry events as possible. Meeting other realtors and learning about their work can help you develop relationships that could lead to future business opportunities. Additionally, join online forums and discussion groups where you can share your knowledge and learn from others in the field. Networking is also essential when it comes to finding new clients.</span></p>
<h2><b>Toxic Unprofessionalism</b></h2>
<p><span style="font-weight: 400;">Most realtors are successful because they have been in the business for a while. They have learned the ropes and know what to do to be successful. Newbies, or those who are new to the real estate industry, often find it challenging to be successful. This is usually because of the unprofessionalism that exists in the industry. Real estate is no outlier — </span><a href="https://www.cnbc.com/2022/03/31/these-are-the-5-biggest-signs-of-a-toxic-workplace.html"><span style="font-weight: 400;">toxic workplace communities</span></a><span style="font-weight: 400;"> and industries are all over. We must do what we can to pour positivity into our daily lives and uplift others as an alternative.</span></p>
<p><span style="font-weight: 400;">Many things go into being a good realtor. You must have excellent customer service skills, be able to market yourself and your listings, and know how to close deals. However, all of this can be overshadowed by unprofessionalism.</span></p>
<p><span style="font-weight: 400;">Unprofessionalism can take many forms, such as poor communication skills, being late for appointments, not following through on commitments, or simply being rude.</span></p>
<h2><b>Giving Up Too Easily</b></h2>
<p><span style="font-weight: 400;">Being a </span><a href="https://www.bls.gov/ooh/sales/real-estate-brokers-and-sales-agents.htm"><span style="font-weight: 400;">realtor is one of the most successful professions</span></a><span style="font-weight: 400;"> in the United States. The low-end salary for a realtor is $71,000, and the profession is growing at a rate of 6%. However, newbies to the business also have a high chance of not succeeding. Out of every 100 new realtors, only 33 will still be in business after five years. The inability to close deals among new realtors is staggering.</span></p>
<p><span style="font-weight: 400;">Closing a deal is essential to being successful as a realtor, but so are dedication and tenacity. To close a deal on paper, you need to be able to find buyers and sellers, negotiate prices, and get the contracts signed. Still, other steps include dogged stick-with-itness, expert communication, and laser focus. Many new realtors struggle with all the moving parts and quit within their first year without the proper support.</span></p>
<h2><b>Don&#8217;t Have Mentors</b></h2>
<p><span style="font-weight: 400;">Continuing your education is essential if you want to be a successful realtor. This time, instead of textbooks and slideshows, learn from those who have their stripes in the industry. A mentor or a coach is an invaluable asset for a new realtor. Author and thought leader Malcolm Gladwell did the tough math for the rest of us in his book, </span><a href="https://www.amazon.com/Outliers-Story-Success-Malcolm-Gladwell/dp/0316017930"><span style="font-weight: 400;">Outliers</span></a><span style="font-weight: 400;">. He reported that to be a true student of the craft, you have to log something like 10,000 hours studying, practicing, and </span><i><span style="font-weight: 400;">doing the thing</span></i><span style="font-weight: 400;">. Look for a mentor with a reputation for commitment and experience to guide you on the path to success.</span></p>
<h2><b>Fix It With a Mentor</b></h2>
<p><span style="font-weight: 400;">An experienced realtor who has </span><i><span style="font-weight: 400;">done the thing</span></i><span style="font-weight: 400;"> can teach you the ropes and help you avoid common mistakes. </span><i><span style="font-weight: 400;">They have seen things.</span></i><span style="font-weight: 400;"> They can also advise you on building your business and finding new clients. Most importantly, a mentor can help keep you motivated during tough times – they know where you&#8217;ve been and understand what it takes to get to the next level.</span></p>
<span class="tve-leads-two-step-trigger tl-2step-trigger-0"></span><span class="tve-leads-two-step-trigger tl-2step-trigger-0"></span><p>The post <a href="https://meleahjones.com/the-more-you-know/how-to-never-succeed-at-real-estate/">How To Never Succeed at Real Estate!</a> appeared first on <a href="https://meleahjones.com">The Meleah Jones Network</a>.</p>
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		<title>The Secret Behind Why Great Coaches Don’t Self Coach</title>
		<link>https://meleahjones.com/the-more-you-know/the-secret-behind-why-great-coaches-dont-self-coach/</link>
					<comments>https://meleahjones.com/the-more-you-know/the-secret-behind-why-great-coaches-dont-self-coach/#respond</comments>
		
		<dc:creator><![CDATA[Meleah Jones]]></dc:creator>
		<pubDate>Fri, 19 Aug 2022 15:20:59 +0000</pubDate>
				<category><![CDATA[The More You Know]]></category>
		<guid isPermaLink="false">https://meleahj.us.instawp.xyz/?p=599</guid>

					<description><![CDATA[<p>Which came first, the coach or the client? Or is it the one with the old adage that tells us that when the student is ready, the teacher appears? No matter, coaches that achieve success without self-coaching have a secret that other people are still figuring out: You can&#8217;t do it alone. Both the coach [&#8230;]</p>
<p>The post <a href="https://meleahjones.com/the-more-you-know/the-secret-behind-why-great-coaches-dont-self-coach/">The Secret Behind Why Great Coaches Don’t Self Coach</a> appeared first on <a href="https://meleahjones.com">The Meleah Jones Network</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p><span style="font-weight: 400;">Which came first, the coach or the client? Or is it the one with the old adage that tells us that when the student is ready, the teacher appears? No matter, coaches that achieve success without self-coaching have a secret that other people are still figuring out: </span><i><span style="font-weight: 400;">You can&#8217;t do it alone.</span></i></p>
<p><span style="font-weight: 400;">Both the coach and the learner are everpresent. To be a great coach, you have to be an invested learner. To be a great learner and master your knowledge, you have to be able to share it with someone else. Too mystic for you to get behind? It&#8217;s actually efficient, and real estate coaches are an asset that successful agents swear by. Find out why.</span></p>
<h2><b>What Is Coaching?</b></h2>
<p><span style="font-weight: 400;">There is no one-size-fits-all answer to this question, as coaching can be quite diverse in terms of what it entails and who it benefits. In general, though, coaching is a collaborative process through which a person with more experience helps someone with less experience achieve more success. This could mean anything from helping a new entrepreneur get their business off the ground to assisting an executive in reaching the next level in their career.</span></p>
<p><span style="font-weight: 400;">Coaching is often seen as a way for people to achieve more tremendous success than they could on their own. It can be especially beneficial for those who are new to something or looking to make a change.</span></p>
<h2><b>What Are The Benefits of Coaching?</b></h2>
<p><span style="font-weight: 400;">Coaching can help you set and achieve your goals and support you need to stay on track. People often think of coaching as a tool for elite athletes, but it can be just as useful for people starting out in their careers. Coaching is constructive for newbies trying to figure out the ins and outs of their career paths.</span></p>
<p><span style="font-weight: 400;">A coach can help you assess your skills and interests and advise you on how to pursue your goals. They typically also have experiential knowledge of your similar, if not exact, pursuit in your industry.</span></p>
<h2><b>What Are The Benefits of Coaching in Real Estate?</b></h2>
<p><span style="font-weight: 400;">When it comes to real estate, many people think that success is about knowing the right people, having the right resources, or making the right connections. They&#8217;re not too far off the mark, but one thing is missing from the list: real estate coaching can be one of the most all-in-one tools you have in your arsenal.</span></p>
<p><span style="font-weight: 400;">Coaching can help both new and experienced real estate investors achieve their goals. For newbies, coaching can provide a roadmap to success and keep them on track. More experienced investors can use coaching to take their business to the next level by learning new techniques and strategies. It also provides the </span><a href="https://culture.io/resources/responsibility-vs-accountability/?utm_source=adwords&amp;utm_term=&amp;utm_medium=ppc&amp;utm_campaign=Scout_Search_Dynamic&amp;hsa_acc=8080958934&amp;hsa_src=s&amp;hsa_tgt=dsa-19959388920&amp;hsa_grp=142726682871&amp;hsa_net=adwords&amp;hsa_ad=615161353358&amp;hsa_mt=&amp;hsa_cam=17963999943&amp;hsa_kw=&amp;hsa_ver=3&amp;gclid=EAIaIQobChMIiNS-kK3i-QIVDRGzAB22nACfEAAYASAAEgI7svD_BwE"><span style="font-weight: 400;">accountability crucial to every successful business venture</span></a><span style="font-weight: 400;">. When you have a coach, you are more likely to stay focused and achieve your goals because you don&#8217;t want to disappoint them.</span></p>
<h2><b>How Come No One Told Me Coaching Is a Process, Not an Event?</b></h2>
<p><span style="font-weight: 400;">No one becomes successful overnight. It takes time and effort. Many people make the mistake of thinking that coaching is an event. The misnomer is that it&#8217;s a one-time thing that will magically transform them into the most successful person. But success doesn&#8217;t happen that way. It&#8217;s a process that requires ongoing coaching, re-evaluation, and support.</span></p>
<p><span style="font-weight: 400;">If you&#8217;re new to coaching, it&#8217;s important to remember that newfound success doesn&#8217;t happen with the wave of a magic wand; it takes time, effort, and a lot of teamwork. That&#8217;s why it&#8217;s so beneficial to find a coach who understands the success process and can help you stay on track. A good coach will work with you to set realistic goals and provide the guidance and support you need to achieve them.</span></p>
<h2><b>Is Coaching Worth It for New AND Experienced Agents?</b></h2>
<p><span style="font-weight: 400;">Sometimes it&#8217;s just better to have a person who&#8217;s been there and done that and can help you do the same. A coach can help you navigate choppy waters and achieve success faster. Even if you&#8217;ve been doing your thing for just as long as they have — some people just have that special thing going on that you want to be a part of too!</span></p>
<p><span style="font-weight: 400;">An excellent real estate agent coach will tell you the truth about the process every time: it&#8217;s better when you work together. They can provide you with what you need help with to reach your goals. They can offer guidance on everything from lead generation to contract negotiation. In addition, they can help keep you motivated when you need it, which is essential when you&#8217;re just starting out. Real estate agent coaching is worth considering whenever you&#8217;re looking for ways to improve your business.</span></p>
<span class="tve-leads-two-step-trigger tl-2step-trigger-0"></span><span class="tve-leads-two-step-trigger tl-2step-trigger-0"></span><p>The post <a href="https://meleahjones.com/the-more-you-know/the-secret-behind-why-great-coaches-dont-self-coach/">The Secret Behind Why Great Coaches Don’t Self Coach</a> appeared first on <a href="https://meleahjones.com">The Meleah Jones Network</a>.</p>
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		<title>The Truth About Real Estate Marketing That No One Wants To Admit</title>
		<link>https://meleahjones.com/the-more-you-know/the-truth-about-real-estate-marketing-that-no-one-wants-to-admit/</link>
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		<dc:creator><![CDATA[Meleah Jones]]></dc:creator>
		<pubDate>Fri, 19 Aug 2022 15:14:51 +0000</pubDate>
				<category><![CDATA[The More You Know]]></category>
		<guid isPermaLink="false">https://meleahj.us.instawp.xyz/?p=601</guid>

					<description><![CDATA[<p>But I will! The current state of real estate marketing is: that it&#8217;s essential and it&#8217;s expensive! And it&#8217;s hard to figure out exactly where to pool your resources for the biggest impact unless you&#8217;re a seasoned pro. The reason is that real estate marketing is often full of gimmicks and empty promises. Many agencies [&#8230;]</p>
<p>The post <a href="https://meleahjones.com/the-more-you-know/the-truth-about-real-estate-marketing-that-no-one-wants-to-admit/">The Truth About Real Estate Marketing That No One Wants To Admit</a> appeared first on <a href="https://meleahjones.com">The Meleah Jones Network</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p><span style="font-weight: 400;">But I will! The current state of real estate marketing is: that it&#8217;s essential and it&#8217;s expensive! And it&#8217;s hard to figure out exactly where to pool your resources for the biggest impact unless you&#8217;re a seasoned pro.</span></p>
<p><span style="font-weight: 400;">The reason is that real estate marketing is often full of gimmicks and empty promises. Many agencies promise to get you and your agency on the first page of Google, but few can actually deliver. And those that can often charge a hefty price for their services that don&#8217;t work forever.</span></p>
<p><span style="font-weight: 400;">Will there ever be a happy medium, and can you do anything to help yourself? Read on to learn more about the truth no one wants to admit.</span></p>
<h2><b>Marketing Is a Whole Career</b></h2>
<p><span style="font-weight: 400;">The truth is, real estate marketing is brain-draining and sometimes back-breaking work. In case you didn&#8217;t know, marketing is a professional field, just like the real estate industry. And, just like real estate, it requires a lot of time and effort, and there&#8217;s not always a guarantee of success. New agents often find this out the hard way as they struggle to get their business off the ground. There aren&#8217;t any shortcuts or easy fixes. It takes time and effort to build a successful business.</span></p>
<p><span style="font-weight: 400;">There&#8217;s something that successful agents know that unsuccessful agents don&#8217;t. The secrets to successful marketing are to let the professionals do the big stuff and, for the small stuff, always create before you consume. What&#8217;s that mean? Instead of getting sucked into other people&#8217;s marketing and then wearing out your thinking cap, push through your biggest and brightest ideas first. While maintaining the upkeep of engagement, you can look to other marketing examples for your next campaign.</span></p>
<h2><b>Real Estate Is a Whole Career</b></h2>
<p><span style="font-weight: 400;">You&#8217;re a professional real estate agent, right? When it comes to real estate, there&#8217;s no room for error. If you want your business to be successful, you need to let the professionals take over – the </span><a href="https://sparkitive.com/"><span style="font-weight: 400;">professional marketing</span></a><span style="font-weight: 400;"> agency. They will help you get your name out there and reach new customers.</span></p>
<p><span style="font-weight: 400;">Agencies have the knowledge and resources to get your business in front of the right people. They know how to target your ideal customer and create a campaign that will resonate with them. Additionally, they have the experience necessary to ensure your campaign is successful.</span></p>
<h2><b>Marketing Agencies Have Power</b></h2>
<p><span style="font-weight: 400;">Hiring an agency can be the difference between success and failure if you&#8217;re a brand new business. They can help you establish yourself in an existing market and build a foundation for future growth. An agency can also help you learn about your industry and what makes it unique.</span></p>
<p><span style="font-weight: 400;">They have a finger on the pulse of social media best practices and the quick changes that are difficult for realtors to keep up with while serving clients. Social media also helps you stay up-to-date on industry news and trends. It&#8217;s a way for you to stay top of mind for those who are in the market for a home. For new agents, social media can be a potent tool for networking.</span></p>
<h2><b>Work With Your Marketing Agency</b></h2>
<p><span style="font-weight: 400;">You should control at least one platform on your own social media. But why? You hired professionals to do that. Right! But, you should be active on social media as a real estate agent for several reasons.</span></p>
<p><span style="font-weight: 400;">First, it&#8217;s great for YOU to connect with potential clients. They can learn more about you and your services, and you can stay in touch with them easily. By creating a robust online presence, you can establish yourself as an expert in your field and gain credibility with potential clients. By sharing relevant content, you can attract new leads and build relationships.</span></p>
<h2><b>Reminders for Real Success</b></h2>
<p><span style="font-weight: 400;">Social media is a powerful branding tool for real estate agents and brokers. But like any other marketing avenue, </span><a href="https://digitalmarketinginstitute.com/blog/10-steps-to-building-your-personal-brand-on-social-media"><span style="font-weight: 400;">social media success requires a strategic approach</span></a><span style="font-weight: 400;"> and adherence to some basic rules.</span></p>
<ol>
<li style="font-weight: 400;" aria-level="1"><b>Work with your marketing team to </b><a href="https://smallbiztrends.com/2021/03/social-media-content-on-brand.html"><b>ensure your posts are on brand</b></a><b>.</b><span style="font-weight: 400;"> It can be tempting to post something that you like or something that you think is funny. However, STICK TO THE BRAND. Diligence will make you and your services an easily identifiable big fish in a sea of realtors. </span></li>
<li style="font-weight: 400;" aria-level="1"><b>Choose the best platform for your posts and your audience.</b><span style="font-weight: 400;"> Not every social media platform hits the exact audience with the same purpose. Let your marketing agency figure out your demographic and head there. Don&#8217;t forget to account for user-friendliness – it doesn&#8217;t help to have a platform full of potential clients if you don&#8217;t know how to engage with them. </span></li>
<li style="font-weight: 400;" aria-level="1"><b>Create valuable content for your audience.</b><span style="font-weight: 400;"> Here&#8217;s a rule to live by: Make it useful, make it relevant, or make it entertaining. (Bonus points for all three.)</span></li>
<li style="font-weight: 400;" aria-level="1"><b>Create before you consume.</b><span style="font-weight: 400;"> Remember this one? It&#8217;s a common pitfall. It is tempting to look at all the other accounts out there, and you should! It&#8217;s fun. You can get inspired, learn what not to do, and pick up tips. However, make sure you create your own content before you consume all of what the web has to offer. Otherwise, you risk the loss of future posts to death by comparison or loss of creativity. Do yourself a favor, and make it a rule to post first and peruse second.</span></li>
</ol>
<h2><b>Real Estate Marketing Is a Requirement</b></h2>
<p><span style="font-weight: 400;">Marketing is essential information you should know and plan for as you enter the market in your area, especially if it is already saturated. Plan to spend about 20% of your money in the first year by investing it directly back into your marketing budget. While you&#8217;re at it, if you&#8217;re not social savvy, make sure your marketing team schools you on at least one platform and how to stay on-brand when you post. The effort and upkeep may seem steep initially, but remember that there is little likelihood you will rack up closings if no one knows who you are.</span></p>
<span class="tve-leads-two-step-trigger tl-2step-trigger-0"></span><span class="tve-leads-two-step-trigger tl-2step-trigger-0"></span><p>The post <a href="https://meleahjones.com/the-more-you-know/the-truth-about-real-estate-marketing-that-no-one-wants-to-admit/">The Truth About Real Estate Marketing That No One Wants To Admit</a> appeared first on <a href="https://meleahjones.com">The Meleah Jones Network</a>.</p>
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		<title>5 Tips for a Smooth Real Estate Offer and Acceptance</title>
		<link>https://meleahjones.com/contracts/5-tips-for-a-smooth-real-estate-offer-and-acceptance/</link>
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		<dc:creator><![CDATA[Meleah Jones]]></dc:creator>
		<pubDate>Fri, 19 Aug 2022 15:12:38 +0000</pubDate>
				<category><![CDATA[Contracts]]></category>
		<guid isPermaLink="false">https://meleahj.us.instawp.xyz/?p=603</guid>

					<description><![CDATA[<p>Offering and accepting a real estate contract can be complex, but with the right know-how, it can be much smoother starting right now. When buying or selling a home, a particular order of things must be followed to make everything as quick and seamless as possible for both the realtor and the buyer. Follow these [&#8230;]</p>
<p>The post <a href="https://meleahjones.com/contracts/5-tips-for-a-smooth-real-estate-offer-and-acceptance/">5 Tips for a Smooth Real Estate Offer and Acceptance</a> appeared first on <a href="https://meleahjones.com">The Meleah Jones Network</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p><span style="font-weight: 400;">Offering and accepting a real estate contract can be complex, but with the right know-how, it can be much smoother starting right now.</span></p>
<p><span style="font-weight: 400;">When buying or selling a home, a particular order of things must be followed to make everything as quick and seamless as possible for both the realtor and the buyer.</span></p>
<p><span style="font-weight: 400;">Follow these tips to make your next transaction one your client will be raving about long after closing.</span></p>
<h2><b>Keep It Organized</b></h2>
<p><span style="font-weight: 400;">Making an offer on a piece of property can be a daunting task, especially for first-timers. One of the most important things to remember is having all your documentation in order. This means having your pre-approval letter from your lender and a copy of the home inspection report. This includes your mortgage information, credit report, and tax returns if you are selling. If you are buying a new construction home, you will need the builder&#8217;s contract and warranty information.</span></p>
<p><span style="font-weight: 400;">Realtors must be prepared to act fast in today&#8217;s market to get their clients the best deal possible. Having all the information ready will help increase the chances of success. It is also essential to be prepared to move quickly once you find the right property.</span></p>
<h2><b>Keep It Clean</b></h2>
<p><span style="font-weight: 400;">When you are selling a house, the offer put in front of the seller must be simple and easy to understand. If it is not, there is a good chance that the offer will be rejected. This is why realtors must ensure that the offer is straightforward and easy to follow.</span></p>
<p><span style="font-weight: 400;">In most cases, </span><a href="https://www.investopedia.com/articles/mortgage-real-estate/09/house-contract-falling-through.asp"><span style="font-weight: 400;">no one wants to deal with a complicated offer</span></a><span style="font-weight: 400;">. They just want to know what they are getting and how much they will pay or receive. If there are too many terms and conditions in the offer, the seller will hesitate to sign off on it. Hesitation breaks the sale&#8217;s momentum and can stop closing in its tracks. This is why realtors need to make sure that the offer is as simple as possible. Doing this can increase their chances of success and make the process easier for everyone involved.</span></p>
<h2><b>Keep It Real</b></h2>
<p><span style="font-weight: 400;">Have realistic expectations, and don&#8217;t assume the other party will accept your first offer. As a realtor, you know that success comes from a combination of hard work and getting the right offer accepted. When you have an interested buyer, it&#8217;s important to make sure that the request is as attractive as possible to be accepted. However, There&#8217;s a reason that real estate is often called a &#8220;seller&#8217;s market.&#8221; When demand is high, and there are more buyers than sellers, it&#8217;s the perfect time to put your home up for sale. In fact, many homeowners receive multiple offers on their property within just a few days of listing it.</span></p>
<p><span style="font-weight: 400;">Sometimes the other party will not accept the first offer no matter what you do. In this case, there are a few things that you can do to increase your chances of success. Make sure that you are always professional and polite with the other party. No matter how upset you may be, remember that negotiations are a part of business and should be conducted civilly. Then, try to find out what is motivating the other party. What is their reason for refusing the offer? Once you know their motivation, you can try to address those concerns in future offers or counter-offers.</span></p>
<h2><b>Keep It Flexible</b></h2>
<p><span style="font-weight: 400;">Be prepared to adjust the offer if necessary. When it comes to making an offer on a property, being flexible and prepared to adjust the proposal if necessary is the key to success. Suppose the seller receives multiple offers on their property. In that case, they will be more likely to choose the most flexible and least demanding. Easy does it every time.</span></p>
<p><span style="font-weight: 400;">Being willing and able to compromise is essential when purchasing a home. In a competitive market, flexibility can be the difference between getting the home they want and losing out on a dream property. Sometimes, a realtor may need to be ready to adjust the asking price or down payment to make an offer more appealing to the seller. Sometimes, it may also be necessary to agree to closing costs and other favorable terms to the seller. Communication with your buyers is vital in this climate.</span></p>
<h2><b>Keep It Honest</b></h2>
<p><a href="https://www.nar.realtor/working-with-difficult-customers"><span style="font-weight: 400;">Communicate, communicate, communicate.</span></a><span style="font-weight: 400;"> Be honest and open by being communicative and tactful but not negative. To succeed, realtors must be honest with their clients during every transaction stage. However, they should never be negative. In fact, they need to focus on the positive aspects of a property and its potential benefits for the client. This will help the client feel good about the purchase and increase the likelihood of a successful transaction.</span></p>
<p><span style="font-weight: 400;">When it comes to the real estate negotiation process, communication is also key to a successful sale. It&#8217;s a big deal for both the buyer and the seller to be kept in the loop during negotiations. When confusion goes unaddressed, it could lead to the deal falling through. Realtors need to ensure that they keep both parties informed of what&#8217;s happening. This way, everyone knows what to expect, and there are no surprises. By being proactive and keeping everyone in the loop, realtors can help ensure a successful transaction.</span></p>
<h2><b>And Keep Closing Deals</b></h2>
<p><span style="font-weight: 400;">By following these tips for a smooth real estate offer and acceptance, realtors can avoid potential problems and ensure a successful transaction. Remember, the key to a sleek offer is communication! So be sure to always keep your clients updated on the progress of the offer and any potential roadblocks.</span></p>
<span class="tve-leads-two-step-trigger tl-2step-trigger-0"></span><span class="tve-leads-two-step-trigger tl-2step-trigger-0"></span><p>The post <a href="https://meleahjones.com/contracts/5-tips-for-a-smooth-real-estate-offer-and-acceptance/">5 Tips for a Smooth Real Estate Offer and Acceptance</a> appeared first on <a href="https://meleahjones.com">The Meleah Jones Network</a>.</p>
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		<title>Try These Pro Realtor Tactics &#038; Be a Better Negotiator for Your Client</title>
		<link>https://meleahjones.com/relationships/try-these-pro-realtor-tactics-be-a-better-negotiator-for-your-client/</link>
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		<dc:creator><![CDATA[Meleah Jones]]></dc:creator>
		<pubDate>Fri, 19 Aug 2022 15:09:08 +0000</pubDate>
				<category><![CDATA[Relationships]]></category>
		<guid isPermaLink="false">https://meleahj.us.instawp.xyz/?p=605</guid>

					<description><![CDATA[<p>Do you know what separates pro realtors from average realtors? Expert tactics and a willingness to do whatever it takes to get the job done. Buying real estate is one of the most important purchases a person can make in their life. As a real estate negotiator, getting the best deal for your client can [&#8230;]</p>
<p>The post <a href="https://meleahjones.com/relationships/try-these-pro-realtor-tactics-be-a-better-negotiator-for-your-client/">Try These Pro Realtor Tactics &#038; Be a Better Negotiator for Your Client</a> appeared first on <a href="https://meleahjones.com">The Meleah Jones Network</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p><span style="font-weight: 400;">Do you know what separates pro realtors from average realtors? Expert tactics and a willingness to do whatever it takes to get the job done.</span></p>
<p><span style="font-weight: 400;">Buying real estate is one of the most important purchases a person can make in their life. As a real estate negotiator, getting the best deal for your client can be life-changing. While there are set rules and regulations, there isn&#8217;t really a true rule book of best practices that work for everyone – that&#8217;s the kind of expertise you pick up after years of being in the field.</span></p>
<p><span style="font-weight: 400;">It goes without saying that every realtor knows that it&#8217;s essential to research your client&#8217;s needs, but what do the pros base their client approach on that new realtors don&#8217;t know about yet? Keep reading to learn how to get off the bench and get game time in the big leagues.</span></p>
<h2><b>The Power Of Knowledge</b></h2>
<p><span style="font-weight: 400;">The best way to get the best deal for your client is to understand the current market. Know what houses are selling for, what is available, and what the current interest rates are. It&#8217;s not good enough to understand how the market works, you have to know how it&#8217;s working right now, how it&#8217;s projected to work tomorrow, and how it&#8217;s trending for next week. What information you have to report back to the buyers and sellers in your network could influence their decision one way or the other. If your data isn&#8217;t timely or if it isn&#8217;t correct, they will look elsewhere for a more experienced agent.</span></p>
<p><span style="font-weight: 400;">Start building your knowledge base right now by expanding your understanding of what buyers are looking for and being aware of changing prices and neighborhoods. Staying up-to-date on financial trends to know when interest rates are expected to rise or fall is very beneficial to your business.</span></p>
<h2><b>The Art of Preparation</b></h2>
<p><span style="font-weight: 400;">Real estate is a huge investment, whether buying or selling. It is central that realtors understand the market and can help both parties prepare for a successful transaction. If you are working with a seller, help show how serious they are about moving on the house by including negotiative terms. Get them pre-approved for a mortgage on their next property first. And price the property correctly from the start. If the home is overpriced, it will sit on the market for longer than necessary and may sell for less than if it had been priced correctly from the beginning.</span></p>
<p><span style="font-weight: 400;">For buyers, getting them pre-approved for a mortgage will give them a leg up in the negotiation process. This will show the seller that the buyer, too, is serious about their property and that they have financial means. Having a realistic idea of what they can afford when house hunting is also essential. You can prevent your clients from falling in love with a property that is out of their price range if you know their cutoff.</span></p>
<h2><b>The Beauty of Compromise</b></h2>
<p><span style="font-weight: 400;">When it comes to a </span><a href="https://www.marketwatch.com/picks/this-is-the-no-1-thing-homebuyers-say-they-compromised-on-when-buying-a-new-home-01649872313"><span style="font-weight: 400;">realtor&#8217;s success, compromise is essential to the job</span></a><span style="font-weight: 400;">. Realtors must be able to work with clients who may have wildly different wants and needs and find a way to make everyone happy. They also need to be able to compromise with other agents and professionals in the industry to get deals done. Sometimes, this may mean making concessions on their own commission or fees.</span></p>
<p><span style="font-weight: 400;">One of the main reasons a career in real estate is so successful is because it allows for many compromises. A realtor must understand and communicate with a wide range of people to be successful. They also need to handle difficult situations and compromise to get the best deal for their clients and, as a result, for themselves.</span></p>
<h2><b>The Art of Closing a Deal</b></h2>
<p><span style="font-weight: 400;">Clients are smart. Whether they need a buyer or seller, they will do their research and find a realtor who will put their best interests first. While you are still gaining experience, take the opportunity to pair up with a seasoned mentor in your network. That way, when clients rave about working with a professional realtor, it will also guarantee a solid recommendation for you.</span></p>
<p><span style="font-weight: 400;">Working with a professional realtor (that&#8217;s you!) is an amazing experience. Working with two will always ensure that non-negotiables are considered and that clients are put in the best position possible.</span></p>
<span class="tve-leads-two-step-trigger tl-2step-trigger-0"></span><span class="tve-leads-two-step-trigger tl-2step-trigger-0"></span><p>The post <a href="https://meleahjones.com/relationships/try-these-pro-realtor-tactics-be-a-better-negotiator-for-your-client/">Try These Pro Realtor Tactics &#038; Be a Better Negotiator for Your Client</a> appeared first on <a href="https://meleahjones.com">The Meleah Jones Network</a>.</p>
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		<title>What Nobody Tells You Starting Out in Real Estate About Money</title>
		<link>https://meleahjones.com/the-more-you-know/what-nobody-tells-you-starting-out-in-real-estate-about-money/</link>
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		<dc:creator><![CDATA[Meleah Jones]]></dc:creator>
		<pubDate>Fri, 19 Aug 2022 14:54:32 +0000</pubDate>
				<category><![CDATA[The More You Know]]></category>
		<guid isPermaLink="false">https://meleahj.us.instawp.xyz/?p=611</guid>

					<description><![CDATA[<p>I&#8217;ve learned a lot of things in the 20+ years I&#8217;ve been in real estate. Many of my lessons in the school of real estate hard knocks have had to do with money. To help save you from some of those same hard knock headaches, I&#8217;ll share some information about money in the real estate [&#8230;]</p>
<p>The post <a href="https://meleahjones.com/the-more-you-know/what-nobody-tells-you-starting-out-in-real-estate-about-money/">What Nobody Tells You Starting Out in Real Estate About Money</a> appeared first on <a href="https://meleahjones.com">The Meleah Jones Network</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p><span style="font-weight: 400;">I&#8217;ve learned a lot of things in the 20+ years I&#8217;ve been in real estate. Many of my lessons in the school of real estate hard knocks have had to do with money.</span></p>
<p><span style="font-weight: 400;">To help save you from some of those same hard knock headaches, I&#8217;ll share some information about money in the real estate game and how it works, or doesn&#8217;t, when you&#8217;re an aspiring realtor.</span></p>
<h2><b>Nothing Is Certain</b></h2>
<p><span style="font-weight: 400;">First, realizing that the real estate market is unpredictable and can change quickly is essential. Second, it&#8217;s important to be prepared for price fluctuations – up and down – as well as commissions and closing costs.</span></p>
<p><span style="font-weight: 400;">The beginning of your real estate journey will probably feel expensive and frustrating, even if you get lucky a few times. But money isn&#8217;t everything, so don&#8217;t get discouraged if you&#8217;re not making much of it at first. </span><i><span style="font-weight: 400;">However, money isn&#8217;t nothing either</span></i><span style="font-weight: 400;">, so start taking it to heart that your time isn&#8217;t free. Make sure that you&#8217;re actively working toward a goal where you can pay yourself first. You can do a few things to start working on that goal right now.</span></p>
<h2><b>Get It Together</b></h2>
<p><span style="font-weight: 400;">As a new realtor, you are probably very excited to get your business up and running. However, it is part of the realtor&#8217;s journey to remember that you must accurately track your expenses and income to be successful. This can be done quickly with an organized system. With tracking, you can see where you are making money and where you need to make changes. Additionally, it will help you stay on top of your taxes and keep your business in the black.</span></p>
<p><span style="font-weight: 400;">You can ensure that your real estate business is successful with a little organization! You can then track your expenses, such as advertising, closing costs, licensing fees, and income, so you can stay on top of your finances. There are many different ways to track your expenses and income, so find one that works best for you and stick with it.</span></p>
<h2><b>Get a Plan</b></h2>
<p><span style="font-weight: 400;">To start, you can figure out what you want your salary to be in 5 or 10 years and work towards that goal. When you&#8217;re ready to get down to the nitty-gritty, you can start redefining what you want to save for retirement, create a better budget, and invest in your business and other opportunities.</span></p>
<p><span style="font-weight: 400;">One of the biggest reasons new agents fail is that they don&#8217;t have a solid financial plan. They spend all their money on marketing and then run out of funds when they need it most. Learn more about the MJ Network red light/ green light strategy to better allocate funds for your first year in real estate.</span></p>
<h2><b>Get a Budget</b></h2>
<p><span style="font-weight: 400;">Creating a </span><a href="https://online.hbs.edu/blog/post/importance-of-budgeting-in-business"><span style="font-weight: 400;">budget is also essential for any businessperson</span></a><span style="font-weight: 400;">, but it&#8217;s significant for realtors. Without a budget, you&#8217;ll quickly find yourself in debt and struggling to make ends meet. Networking is essential, but it&#8217;s also the quickest way to overspend if you don&#8217;t have a clear budget.</span></p>
<p><span style="font-weight: 400;">A budget also ensures that you have the structure to save for retirement. Many new agents forget about this step and end up working until they&#8217;re too old to do so. Let&#8217;s </span><i><span style="font-weight: 400;">not</span></i><span style="font-weight: 400;"> do that! A retirement fund will allow you to quit your job when you&#8217;re ready and still have money to live on.</span></p>
<h2><b>Get Ahead</b></h2>
<p><span style="font-weight: 400;">One of the most serious investments new realtors can make is in themselves. They need to be willing to learn as much as possible about the industry and how to be successful. Attending seminars, webinars, and other educational events will help them gain the necessary knowledge.</span></p>
<p><span style="font-weight: 400;">In addition to investing in their education, new realtors also need to invest in their professional development. This includes marketing themselves effectively, having a solid online presence, and networking with other professionals in the industry. New realtors must invest in themselves by attending continuing education courses and seminars. Continuing your education in some way or another will help you make more money as a real estate agent now and in the future. Making investments in yourself can be costly, but they are well worth it in the long run.</span></p>
<h2><b>Get Tips</b></h2>
<p><span style="font-weight: 400;">Plenty of people are willing to give advice when it comes to money – both paid and for free. New realtors can often feel lost and unsure of what to do when it comes to money matters. This is where seeking advice from more experienced colleagues can be highly beneficial. By getting tips and pointers from those who have been in the business for a while, new realtors can save time, money, and hassle.</span></p>
<p><span style="font-weight: 400;">Remember that real estate financial success requires a lot of hard work, dedication, and most importantly, money. The people you ask for advice from will have spent their fair share of Franklins on advice, supplies, education, marketing, and mistakes. Advice from established mentors or just those who have been successful in the business is bountiful but </span><a href="https://www.entrepreneur.com/article/309865"><span style="font-weight: 400;">be respectful of their time</span></a><span style="font-weight: 400;"> because it is, after all, their money.</span></p>
<h2><b>Get the Real Truth</b></h2>
<p><span style="font-weight: 400;">Here it is: real estate won&#8217;t be as easy as you thought – at least, not at first. It takes dedication and perseverance to be successful and even more so to be successful with your money and manage your finances in this field. You can&#8217;t just grab a license and expect to sell a house daily and live off your riches. Still, it is fulfilling, and the experience can be very lucrative if you work at it. Be sure to save money for expenses and retirement as a matter of practice before investing back in your business and before spending. </span></p>
<span class="tve-leads-two-step-trigger tl-2step-trigger-0"></span><span class="tve-leads-two-step-trigger tl-2step-trigger-0"></span><p>The post <a href="https://meleahjones.com/the-more-you-know/what-nobody-tells-you-starting-out-in-real-estate-about-money/">What Nobody Tells You Starting Out in Real Estate About Money</a> appeared first on <a href="https://meleahjones.com">The Meleah Jones Network</a>.</p>
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		<title>Most New Realtors Aren’t Ready To Answer This Question, Are You?</title>
		<link>https://meleahjones.com/the-more-you-know/most-new-realtors-arent-ready-to-answer-this-question-are-you/</link>
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		<dc:creator><![CDATA[Meleah Jones]]></dc:creator>
		<pubDate>Fri, 19 Aug 2022 14:49:46 +0000</pubDate>
				<category><![CDATA[The More You Know]]></category>
		<guid isPermaLink="false">https://meleahj.us.instawp.xyz/?p=613</guid>

					<description><![CDATA[<p>Do you have enough money to comfortably cover your expenses for the next 4 to 5 months, maybe even 6? No? Then, you won&#8217;t like what I just learned: According to a recent National Association of Realtors (NAR) study, it can take up to 4 months or more for a new realtor to generate enough [&#8230;]</p>
<p>The post <a href="https://meleahjones.com/the-more-you-know/most-new-realtors-arent-ready-to-answer-this-question-are-you/">Most New Realtors Aren’t Ready To Answer This Question, Are You?</a> appeared first on <a href="https://meleahjones.com">The Meleah Jones Network</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p><span style="font-weight: 400;">Do you have enough money to comfortably cover your expenses for the next 4 to 5 months, maybe even 6? No? Then, you won&#8217;t like what I just learned: According to a recent National Association of Realtors (NAR) study, it can take up to 4 months or more for a new realtor to generate enough leads to make their first commission.</span></p>
<p><span style="font-weight: 400;">NO ONE has time for THAT.</span></p>
<p><span style="font-weight: 400;">That&#8217;s why it&#8217;s SUCH A BIG DEAL for new realtors to find lead generation methods to help them get started quickly. Learn 5 ways to conquer lead gen without sucking dry months of your precious savings.</span></p>
<h2><b>Why Lead Gen Matters</b></h2>
<p><span style="font-weight: 400;">Lead generation is essential to the success of any realtor. Without a steady stream of qualified leads, it won&#8217;t be easy to maintain a successful real estate business at the beginning of your career (or ever). There are plenty of different ways and a plethora of </span><a href="https://theclose.com/real-estate-lead-generation-ideas/#:~:text=Homeowners%20use%20the%20site%20to,a%20chance%20to%20pitch%20them."><span style="font-weight: 400;">different ideas out there to generate leads</span></a><span style="font-weight: 400;">. Still, one of the most effective methods is through lead generation campaigns. A well-executed lead generation campaign can help you convert more leads into sales, which will help you grow your business.</span></p>
<h2><b>Is Tracking Leads Necessary?</b></h2>
<p><span style="font-weight: 400;">A lead generation tracking system is essential for any realtor who wants to succeed. However, no matter your method or tools, you must first decide on a lead generation tracking system. Not only can it be difficult to get leads, but it&#8217;s challenging to track the success of your lead generation campaigns. If you&#8217;re wondering if that demand is a clear case of putting the cart ahead of the horse, just hold your hooves — getting a tracking system in place before your start generating leads ensures that you don&#8217;t lose any essential information.</span></p>
<h2><b>What Are the Benefits of Tracking?</b></h2>
<p><span style="font-weight: 400;">A lead generation tracking system can help you measure your campaigns&#8217; effectiveness and improve results. It can help you estimate your campaigns&#8217; effectiveness and improve your results. A lead generation tracking system can also help you to identify which campaigns are working and which ones need improvement. It can also help you track potential clients&#8217; progress from lead to a sale. This information can help you to fine-tune your campaigns and improve your results.</span></p>
<h2><b>How To Generate Leads</b></h2>
<p><span style="font-weight: 400;">It&#8217;s essential, but it doesn&#8217;t have to feel impossible when you know you have beaucoup options.</span></p>
<h3><b>Utilize Online Resources</b></h3>
<p><span style="font-weight: 400;">Realtors who want to be successful should generate leads by utilizing online resources. Online resources are a great way to get your name out there and connect with potential clients. In addition, online resources are a great way to keep your name in people&#8217;s minds. Online resources can help you make money and succeed in your real estate business.</span></p>
<h3><b>Tap Into Your Network</b></h3>
<p><span style="font-weight: 400;">Tapping into your network can be a great way to generate more leads and close more sales. Your friends, family, and colleagues may not be in the market for a new home right now, but they may know someone who is. You open yourself to a wealth of potential leads when you tap into your network. Not only can tapping into your network help you generate more leads, but it can also help you make more money.</span></p>
<h3><b>Try for Vetted Leads</b></h3>
<p><span style="font-weight: 400;">Many real estate agents attribute their success to the quality of their leads. However, generating leads is only one part of the equation &#8211; converting them is another. Successful agents know how to convert their leads by starting with quality, vetted leads. Bonus if your contacts already trust you and are likely to do business with you if you can provide them with what they&#8217;re looking for.</span></p>
<h3><b>Use Social Media</b></h3>
<p><span style="font-weight: 400;">Realtors should use social media to generate leads because it is a great way to connect with potential buyers and sellers. Social media platforms are free to use, so there is no cost for realtors to communicate with people who may be interested in purchasing or selling a home. In addition, social media platforms are a great way to build relationships with potential clients. Again, people are more likely to do business with someone they know and trust. Social media is a great way to establish that initial trust with potential clients. Finally, using social media is a great way to stay top of mind for potential clients.</span></p>
<h3><b>Don&#8217;t Overlook Tradition</b></h3>
<p><span style="font-weight: 400;">Still, one of the oldest and most successful lead gen methods is through traditional media. Television, radio, and print advertising can effectively reach potential customers. Some forms of traditional media can be expensive and impactful in building brand awareness. Realtors who invest in traditional media should make sure that their ads are well-targeted and well-designed before emptying their wallets. Track results and adjust campaigns as needed to achieve the most success possible.</span></p>
<h3><b>Consider Billboard Advertising</b></h3>
<p><span style="font-weight: 400;">Of traditional media options, billboards are one cost-effective option for realtors. By using billboards, realtors can reach a large audience quickly and easily. Moreover, billboards generate attention and curiosity, resulting in more leads. A recent study found that over </span><a href="https://www.lamar.com/billboardstatistics"><span style="font-weight: 400;">80% of drivers</span></a><span style="font-weight: 400;"> recall looking at billboard advertising on their daily transit. </span><b><i>Wowza!</i></b><span style="font-weight: 400;"> You will still have to follow up, but </span><a href="https://blog.homesandland.com/do-billboards-work-for-real-estate-agents"><span style="font-weight: 400;">billboards pack more punch</span></a><span style="font-weight: 400;"> than you might have realized.</span></p>
<h3><b>Get In Your Community</b></h3>
<p><span style="font-weight: 400;">Successful realtors will always look for ways to increase their success and income. One of the best ways to do this is by getting involved in the community. This homegrown involvement can help build your network and get more leads. Being involved in the community can also help realtors make connections that they may not have otherwise been able to make. These connections can then lead to more business opportunities. Additionally, being active in the community can help a realtor&#8217;s reputation and lead to more business. Quite the lagniappe, if you ask me!</span></p>
<h3><b>Get To Generating!</b></h3>
<p><span style="font-weight: 400;">When you&#8217;re just starting out, generating leads is the difference between one month or six of relying on your piggy bank to get by. A lead generation plan that you can act on quickly is essential to success as a realtor.</span></p>
<p><span style="font-weight: 400;">Using the techniques mentioned in this article, you can increase your chances of success while maintaining your professionalism and savings account. Get your plan in motion, grab the right script, and pick up the phone today.</span></p>
<span class="tve-leads-two-step-trigger tl-2step-trigger-0"></span><span class="tve-leads-two-step-trigger tl-2step-trigger-0"></span><p>The post <a href="https://meleahjones.com/the-more-you-know/most-new-realtors-arent-ready-to-answer-this-question-are-you/">Most New Realtors Aren’t Ready To Answer This Question, Are You?</a> appeared first on <a href="https://meleahjones.com">The Meleah Jones Network</a>.</p>
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