Real Estate Realities With The RebelBroker
Business:Investing
Welcome to another eye-opening episode of "Real Estate Realities with The RebelBroker"! Today, we're diving deep into a topic that affects both seasoned and aspiring real estate agents—the real problems plaguing today's real estate professionals.
Join me as we explore the notion that bad agents are made, not born. Many agents are trained to prioritize quantity over quality, a trend that leads to a decrease in overall service quality. As agents focus on increasing their transaction numbers, key metrics that matter to clients often fall below average.
We'll uncover shocking examples, like a so-called "Top 1%" agent with a 20% failure rate—meaning 2 out of 10 homes do not sell. If an agent boasts about their yearly deal count, we'll do the math together to reveal the average hours spent on each deal. It's time to question whether the emphasis on quantity is contributing to a decline in overall service.
Most training programs emphasize lead generation rather than addressing the unique needs of clients. This focus on quantity makes agents vulnerable to automation, raising the question of their long-term relevance.
We'll demystify the commonality among "Top" agents—the use of universal checklists or processes. While scaling a business is often promoted, we'll discuss how this inadvertently makes the agent's role more susceptible to automation. If agents are executing the same checklist for every home, what value are they truly bringing to the real estate process?
In the second half of our episode, we'll explore alternative metrics for evaluating real estate agents. Forget the shiny object of a luxury car; let's focus on the real indicators of success. We'll delve into metrics like days on market, sales price ratio vs. market ratio, percentage of listings resulting in a sold home, and list price reductions prior to sale. These metrics offer a more nuanced and insightful perspective on an agent's performance.
Join me as we challenge the status quo and rethink how we judge the effectiveness of real estate agents. It's time to bring quality back to the forefront of the real estate industry. Stay tuned for another thought-provoking episode of "Real Estate Realities with The RebelBroker"!
NAR Settlement - For Buyers And Sellers
California Deficits And Taxes 2024
Digital Curb Appeal
Local Pending Sales Vs. The National Trend
De-Mystifying Home Status
New FHA 5% Down Multifamily Loan!
Questioning the $1.8B Realtor Conspiracy Verdict
Interest Rates Hit 23 Year High!
2023 California Rent Control Laws Will Ruin The Rental Market
Should You Sell Your Investment Property In 2023?
13 Steps to Master the Home Buying Process: Your Pre-House Hunting Checklist
Buyers And Sellers Beware In 2023
Subprime Lending Is Still A Problem In 2023
Single Family, Condo, Townhomes - The Differences
Equity Theft Interview with Christina Martin From PLF
AI Makes Real Estate HARDER - For Some.
Santa Clara County Rental Market Review
The California Exodus
Investing In Vacant Land With Brent Bowers!
Create your
podcast in
minutes
It is Free
The emPOWERed Half Hour
Aligned Money Show
Dubai Property Podcast
IBKR Podcasts
The Ramsey Show
The Clark Howard Podcast