Real Estate Coaching Radio
Summary: Listen Now To The #1 Daily Podcast For The Real Estate Industry, Real Estate Coaching Radio. Hosted By #1 Real Estate Coaches And Best Selling Authors Tim And Julie Harris. Recognized By The Motley Fool, Inman News, Google (And Countless Others) As One Of The Most Influential Podcasts In Real Estate. When You Listen Now You Will Learn All The Closely Guarded Secrets of the Nations Leading Real Estate Professionals. Expect Drilled Down, No BS, Fast Paced Practical and Tactical Information to Get You Into Action Now Helping Others and Making Money.
Are Tim and Julie Harris 'anti-team'? Of course not. However,m they are absolutely against running an unofficial 'not for profit' real estate business. Unfortunately that is exactly what most teams and brokerages are are doing. Often with the best intentions agents form teams only to then learn the truth about why most teams fail. The real estate industry has become addicted to the idea that team formation is the natural progression of the real estate industry. All the while the average net profit margin for most teams and brokerages in in the single digit range. Discussed on todays show: - Most teams fail because the leader of the team has never personally master the 6 critical elements of a successful real estate business. - Most teams fail because the team leader (or founder) rationalizes delegation as the goal vs profit because they are 'buying their time back'. - Most teams fail (true for brokerages as well) because they focus on numbers, but the wrong numbers. - Most teams fail (and ultimately the agent who formed the team) because they believed that they would forgo profit for the sake of unit count and/ or top line revenue for the sake of one day selling their business. Listen now. Schedule A Free Coaching CallListen on iTunesListen on SpotifyListen on Stitcher
When you listen to todays Sunday Special show Tim and Julie Harris review and comment on this weeks top real estate headlines. The fear and panic over Zillow being a national real estate brokerage intensifies. How will traditional real estate respond now that Zillow is officially a national real estate brokerage? Gary Keller has stepped down as the CEO of Keller Williams. What does this mean to KW? Perhaps the most discussed topic this week was the the very real threat to buyer agent commissions. Listen now as Tim and Julie drill down on all of these topics (and more). Hint: You will feel a lot better after listening to this show. Schedule A Free Coaching CallListen on iTunesListen on SpotifyListen on Stitcher
Last week after a long protracted legal dispute the future for buyer agent commissions (co-op) is in question. For generations the seller 'automatically' paid the commission for the buyers agent. Even though that agent represented the buyer of the transaction. On the surface this made sense. The buyer agent generated the buyer from their efforts and thusly should be paid for bringing the buyer to purchase the home. The argument is that the seller wasn't given the option to pay the buyers agents fee. It was assumed the seller would cover the total commissions for both listing agent and the buyers agent. The buyers agent wouldn't have to convince the buyer to pay their commission because of the (mostly US) co-op agreements the seller would cover the cost. Now it seems all of that may be changing. Listen now as Tim and Julie Harris give you a debrief of the details and then your drilled down action plan. Listen now. Schedule A Free Coaching CallListen on iTunesListen on SpotifyListen on Stitcher
Listen now to Tim and Julies Sunday Special Podcast. On Sundays, the show is unstructured, unscripted and anything goes. Todays focus is 2021 real estate market and housing predictions. Will the housing trends that started in 2020 continue post covid? Will more people choose to move away from the densely populated areas of the country into the rural and semi rural markets? What will happen with interest rates? Will 2021 finally see consumer expectations of what agents and brokers offer change? For example, will consumers flock to Zillow Homes as they relentless market 'instant offers'? What about Open Door now that they are fueled by billions of dollars? Will eXp Realty pass the 100k agent count number and continue on their historic rise? One thing is certain, 2021 forward will see the rate of change in real estate increase. Listen now and expand your thinking. Schedule A Free Coaching CallListen on iTunesListen on SpotifyListen on Stitcher
Why do so many real estate teams (and brokers) fail? Not for the reasons you may think. Fact is most teams fail because of these top 8 reasons. On todays show Tim and Julie Harris share with you the first 4 reasons. Schedule A Free Coaching CallListen on iTunesListen on SpotifyListen on Stitcher
The Skeptic struggles with the fear conflict, rejection or hardship, both real and perceived.. Sometimes this is because of specific incidents in their past, sometimes it's due to 'stories' they've heard from others. The Skeptic assumes something WON'T work versus taking the steps to insure success.The Skeptic can be a bit of a 'victim' if they stay stuck too long in this fear-zone. What's the cure? Schedule A Free Coaching CallListen on iTunesListen on SpotifyListen on Stitcher
The Rule Follower This fear occurs when someone is so dedicated, almost addicted to following specific rules or guidelines set by those around them. They are paralyzed by fear of breaking a rule, even if it's only a 'practice' and not a 'law'. They're easily intimidated by people more experienced and authoritative. The net effect of this fear is that you are subject to someone else's rules all the time, versus defining your own guiding principles. Cure? 1 Educate yourself on all the things necessary to succeed, operate ethically and remember that knowledge equals confidence, ignorance equals fear. Take responsibility for your own knowledge. 2 Be sure your coaching is coming from experienced and proven sources. Then trust them and don't waste time checking and double checking. CompareACoach.com“Don't be too timid and squeamish about your actions. All life is an experiment. The more experiments you make the better.” ― Ralph Waldo Emerson, Journals of Ralph Waldo Emerson, The Self DoubterFear of not being good enough.This person is insecure about their abilities and overreacts to mistakes. Sometimes this is camouflaged by their over-reactive judginess of others which masks their own fears.This person usually is very accountable and careful but sometimes to a fault. They are the secret agents of the world, afraid to talk about real estate because they might make a mistake or not know what to say. Fear of success is just as strong as fear of failure. Cure? 1 Accept that fact that you WILL make mistakes, that sometimes you won't d
Today Tim Harris sits down with real estate icon Michael Reese. Michael and Tim drill down on all the latest real estate trends including Zillow and Open Door. Listeners will appreciate the unedited, direct answers to the most pressing questions most agents have. Will agents be relevant in the future? Now that Zillow is a national brokerage, what effect will that have on the traditional real estate brokerages? Why is eXp Realty predicted by many to be the worlds largest real estate brokerages? Schedule A Free Coaching CallListen on iTunesListen on SpotifyListen on Stitcher
Now that Zillow is finally admitting their intentions to open competing real estate brokerages across the nation, how will you react? What can you do to prepare yourself (and your real estate business) for the inevitable change in consumer behavior? Now, add in Open Door. Open Door appears to be ramping up to go head to head with Zillow. Many believe that Open Door has aspirations to acquire a large real estate brokerage and possible a real estate portal. Redfin would certainly check those boxes. Where does this leave you? Listen now as Tim and Julie Harris share with you their projections about what happens next in the industry and...what you should be doing now. Schedule A Free Coaching CallListen on iTunesListen on SpotifyListen on Stitcher
The real estate wars are just about to start. Consumer behavior has shifted. Traditional real estate brokerage, franchise and big teams mark the end of a long term trend in the industry. The largest brokerages/ brands have officially given up on being agent focused and now proudly proclaim themselves and being consumer focused. On todays podcast Tim and Julie Harris will discusses these questions: What changes when brokerages no longer see agents as their primary focus? What happens when consumers behavior changes to favor brokerages that have their own ibuyer programs? What happens now that Zillow has officially become a national real estate brokerage? Schedule A Free Coaching CallListen on iTunesListen on SpotifyListen on Stitcher
The real estate industry is reeling now that Zillow has (finally) rolled out their own national real estate brokerage. The question is, what happens next? Listen to todays show as Tim and Julie Harris drill down on the 'Zillow Threat'. What will probably happen next:- Zillow could undercut the listing commission structure to get market share and there is basically nothing you can do. They are being aggressive on their ibuyer offers to gain market share for their ibuyer.....they are losing money per flip. Why wouldn't they do that for the sake of gaining market share for RESALE non-ibuyer listings. Zillow claims they wont do this, but they will.- This will mostly effect midsize brokerages.- Big brokerages could choose not to participate in their local MLS (thus IDX) and start their own national portals. (eXp is doing this)- Zillow could easily effect the entitlement of buyer agent commissions as an automatic seller expense. Meaning, buyer agents commissions will be paid by the seller overtly.- Z
Breaking news about Zillow becoming a national brokerage causes fear in the real estate industry. Zillow Homes, what we know:- Zillow is sending their ibuyer listings to their inhouse brokerages.- Zillow has clear aspirations to become a national brokerage.- Zillow Homes agents will be employees, salary.- Zillow is your competitor not your partner.- You are not Zillows customer. Consumers are. Who will this effect the most?- Agents with low skill on how to compete not just with Zillow but everyone. - Agents not associated with a broker who has an ibuyer. Ibuyers create a lot of potential seller interest. Most motivated sellers. In a hot sellers market...where there is a lot of equity sellers are willing to pay for convenience. (If equity drops you won't see people having the ability to sell for less than full retail or they are underwater.) 9 out of 10 (or higher) sellers reject ibuyer offers. Most are 75-80% of retail or LESS after inspection. Those become SELLER leads. The real opportunity here is with SELLER leads.- Agents who only know how to buy leads.- Brokerages who don't have their own ibuyer, national portal, licensed in all 50 states...and are truly focused on being a tech company for the sake of serving agents who serve the public.
Are you like 99.999% of every human on planet earth...are you a procrastinator? Procrastinating the most important things in your business (and personal life) to the point where they never really truly get done? 'Getting ready to get started to someday possibly take the first step, IF the planets are in alignment and the sun is shining...' These are the agents who spend a year on their Pre Listing Packages, always tweeking and over engineering everything instead of getting it done and USING it. Schedule A Free Coaching CallListen on iTunesListen on SpotifyListen on Stitcher These are the agents who role play endlessly but never call an actual prospect because 'they're not good enough on the script yet'. For Procrastinators: What's the cure? 1. It’s important to push past that fear of starting. “Getting started may feel like a big hill to climb, but you cannot edit or revise something that does not exist,” Hodge says. “Be careful not to place energy into a perfectly finished product; instead use it to troubleshoot an outline or an initial push.” Sheryl Sandberg of FAcebook famously said, 'Done is better than perfect'. 2.
When you listen to today's show you will feel clarity and direction in your real estate business.(and maybe your life) The simple sad truth is that its nearly impossible to know what it truly takes to be successful long term in real estate. For most agents, it's almost overwhelming? The number of people who are competing for your attention trying to sell you yet another easy button idea that will 'solve all of your problems' is incredible. Aren't you absolutely DONE looking for short cuts and giving your attention (and money) to businesses that are simply feeding into your lack a clear path forward in your real estate business? Chances are, you have been up and down the 'easy button' mountain more than once and you finally...get it. You know that you must be a proactive lead generator and you must have a profit driven business. Congratulations!. That revelation was necessary for you to finally move forward. When you listen to todays podcast you will learn more Proactive Lead generation rules. Your homework after todays podcast will be to purchase HARRIS RULES in book form or on audio book. Link to buy HARRIS RULES: Harris Rules: A Real Estate Agent's Practical, No-BS, Step-by-Step Guide to Becom
Listen now to Tim and Julie Harris' Sunday Special Edition Podcast. On Sundays, anything goes. This is your chance to sit 'at the beach' with Tim and Julie as they talk about whatever is on their minds. Sometimes the topics on the Sunday Special Edition are business focused and other times Tim and Julie try to surprise each other (and you) with real headlines that almost too weird to believe. For example, today you will learn about how life seems to exist on the planet Venus. AND that life appears to have something in common with Penguins (you will never guess what). You will also learn more about what all the hot, trendy, easy button marketing ideas that have been pushed on agents may be leading to HIGHER agent failure rate. As always, Thank-You for joining the 10s of 1000s of real estate professionals that listen (and download) Tim and Julie Harris's Podcast every day. Schedule A Free Coaching CallListen on iTunesListen on SpotifyListen on Stitcher