rules of real estate success Essays

Submitted By screighton1

Words: 460

Pages: 2

Open Document

11 Rules of Real Estate Success

by Todd Bates

1. 7% rule. Never spend more than 7% on marketing and advertising for new business out of each commission check to get the next deal.

2. 85% rule. 85% of the buyer prospects are a waste of time, which means not qualified or motivated buyers. This is not true in my experience.

3. The four system rule. It is best to have four marketing systems running at all times: 1. Referral Base 2. 3. 4. It can't count as a marketing system unless it's bringing you at least 2 deals a month.

4. Be the doctor in real estate. Come in and ask a lot of questions and solve their problems quickly. Find out their motivation etc, not just standard questions. Be the interviewer not the interviewee.

5. Match up your personality with your marketing. Your prospecting personality. Do you like working with sellers or buyers? Are you direct or relaxed? What is your budget? The answers to these questions are your marketing personality. You have to match up your marketing with who you are.

6. You have to control and manage your fear on a daily basis. 3 main fears and how to get over them:

Fear of rejection. If you answer questions you will increase your chances of being rejected. Answer each question with a question.
Fear of not making money. Ask yourself how questions. How to accomplish your goals. How to overcome your challenges. This overcomes fear.
Fear of success. Success requires commitment.

7. Your job is not to help people buy and sell homes. You are in the marketing business not the real estate business. Get into the marketing business. The further you get out of the real estate business and into the marketing business the more money you are going to make.

8. You need to understand how to use the best question ever. How

Essay on Business Ethics

Bus. Communication Prof. Pensabene What is really Business Ethics? How does it relate with Real Estate? As adults we go thru life with our values and take them to the company we work for. At work we incorporate our values and rules, weather is right or wrong, and we find how to use them for our self-interest. Ethics is all about making choices that may not always feels good but is the right decision that makes us feel good in the long term and makes us a better person. Business ethics…

Words 2096 - Pages 9

Unit 1 review Essay

empire Europe fractures… Weak states Limited politics/participation What unites them? Church—Catholic Churches, bureaucracy, etc Crusades—but besides, Europe more or less “isolated” No real intellectualism outside Church- knowledge is inside church Power In lords/nobility, church and some kings No real Middle Class Military Of knights… Not men Unit 1—Change Commercial Revolution/ Capitalism Renaissance Reformation Discovery/Colonization/Imperialism Enlightenment Politics/state…

Words 623 - Pages 3

Real Estate Essay

Work in the real estate industry CPPDSM4080A Edition 2 Assignment 2 (TVET) STUDENT NAME Daniel Skrzypek OTEN NUMBER N855096 Please read the “Guide to completing and submitting assignments” before you begin this assignment. What you need to do To successfully complete this assignment you must answer the following questions to demonstrate your knowledge. The assignment will be granted a result of “Competent” if the learning outcomes are achieved or “not yet competent”…

Words 6817 - Pages 28

Customer Relationship Management

Solicit end users in product customizations. Invest in training for end users. Measure, monitor, and track results. A CRM application should be part of a company’s overall business strategy. Business alignment is key to user adoption and business success. Challenges with Customer Interactions The graphic below illustrates some challenges companies face in key functional areas. Improving Customer Facing Interaction CRM applications allow companies to improve customer-facing interactions across…

Words 9465 - Pages 38

China The Rule Of Law And The Economy 2 Essay

who has control over assets; contract law enables market participants to exchange those assets in complicated transactions; and the courts enable market actors to plan by resolving disputes predictably, efficiently, and in accordance with the legal rules. According to this conception, while legally unenforceable exchange can occur in networks and communities with high levels of trust, complicated transactions among strangers, upon which large-scale growth depends, cannot take place without these elements…

Words 2574 - Pages 11

1960's Sexual Revolution By Hugh Hefner

Playboy franchise. Which was started all by Hugh Hefner. Hefner started the Playboy magazine in 1953, which was about lifestyle and entertainment. It also revealed women being undressed in the centerfolds in a modest pertinent. After the magazine being success there were also Playboy clubs that were being established. I believe that Playboy is a triumph of sexuality because many of the women that wanted to take part of the Playboy clubs and also women wanted to work as Bunnies. So I believe that it’s a…

Words 361 - Pages 2

State Formation In South East Asia

liquor, and gambling facilities. Also diversified in real estate, rubber plantations, he was even given British knighthood. Intergrating revenue farming operations with mining and plantation ventures was common for the tycoons of the region. It reduced labor costs. Don Carlos Palanca Chen Qianshan - Phillipines, greatest ‘headmen.’ Coolie broker, operator of major opium monopoly, tax collector, and interests in textiles, sugar, rice, and real estate. He established equilibrium between the immigrant…

Words 4498 - Pages 18

The Role Of The Two-Party System In The US

The USA are known for having their very own political rules in a very particular democratic system. American federal government has three parts. They are the Executive (President elected by an electoral college), Legislative (Congres formed by Senate and House of Representatives) and Judicial (Supreme Court and lower Courts). (La je parle des bills) It’s also known to be based on a two-party system (Republicans and democrats). Lobbying also has a very important role to play in this system. Many…

Words 528 - Pages 3

� Explain How Closing The Facility May Impact On Them?

compensation obligations for our company. 3. Government rules and regulations In Cornwall and Cambridge, government is helping to grow businesses by offering assistance and incentives to companies for setting up /growing businesses. Based on availability of government support our company has a better chance to improve its business by offering services to new companies that enters into the local market. 4. Real Estate Market Real Estate Market is very expensive in Toronto and rent/lease for commercial…

Words 1934 - Pages 8

Racism, Prejudice And Discrimination In Medieval Europe

“inharmonious racial … groups,” which were outlined in red (1934–1968). Those who resided in the red – usually minorities – were usually denied home loans. Communities of color were quite literally “red-lined.” Another discriminatory real estate practice performed by real estate agents was steering, which was the practice of “[guiding] prospective home buyers towards or away from certain neighborhoods based on their race.” (Racial Steering) This practice guaranteed racial homogeneity within a neighborhood…

Words 1651 - Pages 7