GBREB NEWS

AG HEALEY, GBREB WARN PROSPECTIVE TENANTS AND REALTORS ABOUT APARTMENT LEASING SCAM

As more people rely on photos instead of in-person showings when renting apartments during the COVID-19 pandemic, AG Healey and the Greater Boston Real Estate Board (GBREB) have partnered to issue an advisory warning the public about an apartment leasing scam and offering guidance on how to avoid falling victim to it.

Both the AG’s Office and GBREB have received complaints from prospective tenants, property management companies, and real estate agents about a scam involving fake apartment listings being posted online. The scammers use photos from real listings of homes for rent or sale, and at times even use the contact information of an actual listing agent or management company, and then post them on Craigslist or other online platforms. The scammers solicit deposits through these ads to be sent to them directly from tenants, who end up not actually securing an apartment to lease because of the fraudulent nature of the ads.

“This scam is the rental market equivalent of catfishing, and while it’s not new, we want the public to be aware of the increased risks during the pandemic,” said AG Healey. “Access to safe and reliable housing is essential to the vitality of our communities and we’ll continue to partner with stakeholders to ensure our residents are not losing money or left without a place to live.”

“Heartless scams like these cannot be tolerated. They are career damaging to hard working real estate professionals, and unscrupulous to consumers,” said Greg Vasil, CEO of GBREB. “The mission of the Real Estate Board is to expose them and protect both its membership and consumers from threats like these. If you have any doubt about a real estate listing, do not send any money before you are sure you’re working with a Licensed Realtor. Please report false ads to the proper authorities.”

To avoid falling victim to this scam, AG Healey and GBREB offer the following advice:

• Thorough inspection: Whenever possible, inspect an apartment carefully before signing a lease or paying a deposit.

• Use a broker: If you must rent an apartment unseen, don’t trust online advertisements—online apartment listings are just too easy to fake. Instead, use a licensed real estate broker or salesperson. You can verify a broker’s license online here.

• Watch for red flags: Keep an eye out for red flags such as poorly written ads, deals that are too good to be true, and requests for payment using untraceable methods.

• Only make secure payments: Never send a wire transfer, cashier’s check, or funds transfer to someone you’ve only met online. If they turn out to be a scammer, you won’t be able to get your money back.

• Protect your personal information: Don’t disclose your SSN or PayPal information to someone you’ve only met online. Meet your landlord in person before agreeing to a background check or ask the landlord to have the background check performed by a licensed real estate broker or salesperson.

• File a complaint: If you are the victim of an online apartment listing scam, file a complaint with the FBI’s Internet Crimes Complaint Center at IC3.gov.

• Report fraudulent ads: If you’re the owner of a property, realtor or property manager and find that someone else has altered your listing or listed your property for rent, report the fraudulent ad to the website’s point of contact for abuse immediately.

AG Healey’s Office is committed to helping Massachusetts residents access safe and reliable housing, especially throughout the ongoing COVID-19 pandemic. AG Healey’s Community Engagement Division has held virtual trainings on tenant and landlord rights and responsibilities since the beginning of the pandemic and continues to do so. Those interested in participating in a training can find the schedule here.

Visit AG Healey’s COVID-19 resource page for information about how the AG’s Office can provide support during this crisis.

 
RENTAL SCAM ADVISORY

 

Article Courtesy of: Inman News
By Ryan Rodenbeck

A strong onboarding program will help agents feel truly welcome and recognize that you put your agents’ needs at the top of your priority list

When you’re experiencing growth, a welcoming onboarding process is a must. In fact, there are a number of statistics that prove that onboarding new team members is one of the most crucial processes a company can build.

This Business Wire article shows that companies with a strong onboarding experience increased new hire retainment by 82 percent and production by 70 percent.

In the past 12-14 months, our company has gone from 12 agents to 34, and all but four are seasoned and producing agents. Last September, we started to see that we were going to need to build an onboarding process to handle the influx of agents.
I once read that a good onboarding process can make the difference between a new hire’s thought process of “I’m going to be at this place for a while” as opposed to a negative onboarding experience where the new team member would think, “this is just a stepping stone.”  

Knowing this, we wanted to build out a very welcoming process for our new agent recruits. Here’s how we did that.

1. Create a welcome video

I started with a video, introducing myself to new team members and letting them know that my door is always open. In the past, agents were reluctant to call or reach out to me. So, to avoid making this mistake again, I created a video introduction because I wanted them to know that, first and foremost, they could always come to me with any questions and concerns.

2. Use videos to help get them acclimated

My office manager meets with the agent in person (or through Zoom, as it is right now) and goes through a very broad and short list of the systems we use. We also let them know that they will be going through a Trello checklist that outlines the systems we use with video tutorials that are housed in our Workplace by Facebook account. 

We lined out a Trello board with a series of checklists that outlined technologies, services, meetings and procedures.

We start by saying, “We don’t expect these videos to teach you everything you need to know to operate our software, but it does give you familiarity with the programs so that when we meet with you after the onboarding list is complete, you will be more familiar with the programs.”

Then, we launch a series of videos for each technology piece. For example, one Trello board item might be a checklist of several short videos showing the CRM. And because these videos are housed in our Workplace by Facebook account (I believe Slack does much of the same), they can be referenced again and again by simply searching for them. 

3. Ask newbies to introduce themselves to the team

We are big proponents of video here at Spyglass Realty. So, as one of the final steps in the onboarding process, we ask the agent to complete a live video on Workplace introducing themselves to the rest of the brokerage. It sets the stage that video will be used and engages the rest of the team to send a welcome message. 

4. Ask for feedback

We ask agents to send us feedback about the onboarding process, which we take very seriously. 

5. Set up an agent development meeting

Our last step is setting up our first agent development meeting. This is where we look at the goals they want to accomplish. We let them know what weekly activities they need to complete to accomplish these goals and what systems, training and services are available from our firm to help them. This is like the cherry on top.

The result of all of this is that our agents feel truly welcomed. They recognize that we are a professional and organized team that puts agents’ needs at the top of our list of priorities. If you have not outlined an onboarding process, I would recommend you take the time to think about your processes and implement one.

Ryan Rodenbeck is the broker-owner of Spyglass Realty and Investments in Austin. Connect with him on Instagram. 
How to Build an Onboarding Process That’ll Grow With Your Team

 

Article Courtesy of: Inman News
By: Jennie Norris


Staging adds value to the sale — but it should not break your bank. As an agent, use these seven tips to protect your income when incorporating home staging into your listing process

Real estate agents are always looking for ways to differentiate themselves from their competition. Some agents invest their own dollars to prepare and market properties, paying for services on behalf of their seller to ensure the house is ready for buyers to see prior to hitting the market.

One of the key value-added services is home staging. According to NAR’s 2019 Profile of Home Staging, “83 percent of buyers’ agents said staging a home made it easier for a buyer to visualize the property as a future home.”

Sellers need to make sure their houses are show-ready, and throughout the years, home-staging industry members have seen a steady increase in the number of agents providing this as part of the marketing services to prepare and successfully sell a property. 

Real estate agents hire a professional home stager to provide a staging consultation for the sellers where they receive detailed information on what to do room by room to prepare their house for sale. A consultation costs somewhere between $250-$500 around the country, and agents consider it part of their marketing strategy and pay for it on behalf of the seller. 

But what happens if the property needs more than a consultation? Many houses need the addition of furniture and decor brought into empty rooms in a house or added to supplement homeowner’s items to fill the gaps and provide a more updated look for buyers.

Sellers may not have the available cash flow to pay for professional staging, so agents are offering to pay for the hands-on staging and inventory fees because they know the staging will help the house sell faster and at a better price. It is a win-win for the agent-seller team.

The challenge is that the market can be unpredictable. Agents are not in charge of the market and can’t guarantee a house will sell in a certain time frame, although they approach every listing with the strategy of getting the house under contract quickly.

There are external factors that impact the market including interest rates, the economy and other properties that are for sale. When agents offer to pay for staging services, they need to make sure to protect their commission and provide creative solutions to their sellers.

So, here are seven tips to keep in mind when incorporating home staging into your listing process.

1. Get an estimate for the staging before you establish your commission

The staging should be an add-on service that’s covered by the commission. If you don’t get a price for the staging first and then agree to adjust your commission in order to secure a listing, you are now receiving less money for the sale.

Most agents who incorporate this strategy of paying for staging use staging as a way to validate being paid more than another agent who isn’t bringing staging to the table. Depending on what pricing you received from the stager, you would increase your commission percentage by 0.25 or 0.5 percent to pay for the initial staging. You could increase it by 1 percent or more if the house is luxury property.

In most markets, this small increase in commission earned will cover the initial staging investment. Contact your stager to get a price for staging the main rooms of the house, and use that as a guideline when negotiating your commission.

2. Do not pressure your stager for ‘the price’ to stage when they haven’t seen the property yet

You want to know what the costs will be so you can determine how you will structure your commission. However, a professional home stager usually needs to see the house to provide you with accurate pricing. This is ideally done in person, but it can also be done using photos.

Experienced stagers can give a price “range,” but it could still be inaccurate if they haven’t really seen the house. Some stagers provide pricing based on list price, square footage or number of rooms being staged. With this type of pricing, you need to ensure you’re getting the appropriate style, volume of furnishings and quality that’s in line with the type of property you’re listing.

When an agent guesses the cost or doesn’t get an accurate estimate, they risk their commission. Since they don’t own the staging business and don’t know how stagers price their services, they may misquote the price.

When the stager provides the estimate, the listing agent then ends up saying, “I’m paying for this, and I did not budget enough for the staging.” Getting the estimate up front before negotiating commission ensures agents don’t end up getting less than they deserve for selling the house.

3. Make sure to cap the amount you’re contributing toward the staging

If furniture and decor are provided, there can be an ongoing fee paid for inventory supply or rental. The items ideally need to stay in place until the house is under contract and they can be safely removed. This could be in a month — or several months after the initial staging.

When agents don’t cap the amount they’re contributing, the ongoing inventory use fee is added to the amount paid by the agent, which means you are making less and less commission.

At this point, since you’re not able to renegotiate your commission, the ongoing fees will come out of your earnings. This could add up to thousands of dollars, and when the seller is benefiting the most from the sale, they need to be the ones paying for the ongoing staging investment.

4. Share what (if anything) you’re willing to pay toward the staging, and put it in writing

What we recommend you share with the seller is, “I will contribute up to [insert dollar amount] toward the staging, and then any fees beyond that will be your responsibility.” If the seller is not able to pay up front, you can say, “I will cover the costs associated with the initial staging and will be reimbursed at the successful close.”

There is a risk involved as the client could decide to cancel the listing. Make sure to protect your money in the agreement sharing, “If for any reason the house is removed from active listing or other changes occur [you] will be paid in full for the staging investment paid on behalf of [client]”

When you are willing to pay a portion of the staging, ideally, have the seller pay up front and reimburse them at the successful close for what you want to contribute. “I will pay [dollar amount] towards the staging cost, and it will be paid to you at the successful close of the sale.”

That’s the ideal scenario, as you are not paying out of pocket for any of the staging services, and if anything happens to the client or sale, you are not risking leaving money behind.

If you just want to provide a consultation, you would share, “I will pay for the services of a professional staging consultation where you will receive detailed recommendations on what to do to prepare your house for sale. Any additional staging services would be paid by you.” Always make sure the terms are in writing in your contract and are clearly understood by the homeowners.

5. Do not quote pricing for the staging unless you received it from your stager

Your clients may ask you what the staging will cost. If you haven’t received proposals and pricing for staging, please don’t guess what you think it should be. You may end up setting false expectations for the sellers, and the pricing could be way off — either too low or too high.

There are other factors to consider with the staging, and it’s best to put the emphasis on the results they want versus the price. Lastly, let the stager negotiate any price adjustments, and be the one to explain the services and how they work.

One key point to share is that “the investment in staging is always less than a price reduction or a lower starting price.” And staging is a tax deduction (IRS Publication 523), whereas a price reduction or lower starting price is just a loss of equity.

6. Always quantify the value of any services you’re paying for on behalf of the seller

This helps them understand your commitment and contribution in helping them sell their property. When a person gets things for free, it’s human nature to not really assign any value to the service or item, and a nonchalant attitude seems to prevail.

Let sellers know you’re investing in the sale of their house. Give them the value, and reinforce your quality reputation and standards. This applies for staging and any other preparation services such as cleaning, carpet cleaning, window washing, landscape touch-up, photography and virtual tours. When there is no value, there is no appreciation or understanding of the benefits you’re providing versus what other agents are offering. 

7. Be creative with options for staging and needed home improvements, and connect with companies that provide this service

There are companies that partner with IAHSP (International Association of Home Staging Professionals) members and will pay for any improvements needed for a property and require the house to be staged. They pay for all the services up front and get reimbursed with an added fee for loaning the funds.

They evaluate the property, make sure there’s enough equity or margin in the sale to cover all the closing costs, agent commissions and their fees, and provide all the financial resources for whatever work needs to be done prior to listing.

A professional stager who is a part of this program is vetted by them in advance and can share the names and contacts for the company. This option helps protect and preserve your and your sellers’ money as you are not having to put out anything up front for the prep and staging of the property.

If you decide to contribute a portion toward the staging, you can put that in your contract and have it paid at closing. One of the great aspects of this program is the companies providing the services to repair, remodel, improve and stage the house are paid when they do the work and do not have to wait for the house to close. You won’t have to ask anyone to wait to be paid, which can be a hardship for these affiliate companies. 

Use these seven tips to help you protect your income while being seen as a Realtor who does more for your sellers than the average agent. Staging adds value to the sale — but it should not break your bank.

Jennie Norris is the chairwoman of the International Association of Home Staging Professionals.
7 Tips For Protecting Your Commission When Staging

Tax-Reduction Strategies for the Real Estate Professional


Don’t let the NEW 2020 Tax DEDUCTIONS pass you by!

Tuesday, October 6
10:00 a.m. - 11:15 a.m.
Free to attend

Register Here


In this 75-minute interactive remote seminar you will learn:

  • WHY your accountant can’t "just take" your New Tax Deductions for you.
  • WHY you may want to buy a new or pre-owned car sooner than you think…the great 2020 “makeover” of the CAR DEDUCTION rules you will want to take advantage of!
  • HOW to safely qualify your home office for big tax deductions, even if you spend most of your office time at a branch office.
  • THE New…and Improved… food and beverage deductions for real estate professionals that you probably don’t know about

And much more…

After this seminar, you’ll have what you need to bring to your tax accountant, so you qualify for thousands of dollars more in deductions.

Busy? The short time you invest in this seminar will translate immediately to money, your money!

About your Instructor:


Charles Davis is a tax professional and financial advisor. Charlie's thorough understanding of tax planning and tax reduction strategies stems from his successful tax practice which is focused on helping real estate professionals and the self-employed reduce their taxes and preserve their assets. Having been personally selected and trained by W. Murray Bradford, he has worked with Bradford and Company, Inc., since 2000. With a proven record as a speaker, Charlie is a recognized professional with hundreds of nationally taught sessions on tax strategies for the self-employed professional. Charlie's mix of financial expertise and self-employed know-how make his live programs exciting and relevant for any self-employed professional.

Keep More of Your Money in 2020: Free Remote Seminar 10/6!

 

Article Courtesy of: Inman News
By: Erica Ramus


This July, Inman’s editorial theme is Teams — what it takes to build and join one, how to optimize your team for summer 2020, and even when to consider leaving one. And if you’re not already a subscriber to our Teams Beat email newsletter, sent every Thursday, sign up now.

Last month, I wrote about energizing your agents without breaking the bank, focusing on how to keep them motivated and engaged even in difficult times. But what do you do when they’re struggling — really fighting — just to pay their bills and stay in this business?

In times when real estate is easy and houses fly off the market, our Realtor ranks swell. Then the cycle turns, we hit financial bumps (or full-out raging recession) and membership drops.

This is a polarizing time. I see agents closing deals as if we’re still in 2019. (Case in point: One member of my office closed seven transactions while I was away for the holiday weekend.)

And I’m seeing others who barely poke their head into the office to check in. As the broker or team leader, how do you keep those in the office to check in. As the broker or team leader, how do you keep those in the second category from checking out completely? Here are a few tips.

1. Check their pulse

During the first COVID-19 shutdown, we were caught off guard. I shut the doors and ordered everyone to stay home. But I didn’t stop communicating.

Our private Facebook page became our chat board, and I noticed who was posting and commenting, and who went silent. Everyone copes differently with stress. You need to know how they’re truly doing.

In my planner, I kept a log of every agent in our office, and I’d check off the names of whoever I spoke with. Every day, I called two or three agents just to chat. If you have less than 10 or 15 agents in your office, you can make it a daily routine to call three a day to cover the whole group once a week.

Of course, they still called me when they had questions or problems, but by reaching out deliberately just to check in when nothing was wrong, I was able to hear who was in good spirits. I knew the agents who were making their client calls, and those who were probably curled up in a ball on the couch.

2. Make it personal

In my calls, I usually started out with “What’s up?” Then, I let them take it from there. I asked about their family and how they were handling personal things. On Zoom calls and FaceTime, I got to see a bit more of their home lives — the inside of their houses, their kids and pets.

Some brokers don’t want to get too personal with their agents (it’s just business). After doing this for 20 years, I honestly feel I cannot and do not want to be super tight BFFs with agents in my office. I need some personal space and boundaries.
But I do want to know them and like them, and I want to hear about their struggles. You can’t do that if you never ask and — more importantly — listen (and I mean, truly listen) to what they have to say.

3. Watch your dashboards

Even when someone says they are fine, you’ll know they’re struggling by watching your brokerage metrics. I can see when an agent is not logging into the company CRM for days at a time, or even weeks.

I check our transaction management platform for activity. Who is creating transaction rooms and starting to fill out paperwork, and who has not started a new file in weeks? Maybe they aren’t out there listing or showing homes. Are they making prospecting calls? Are they checking in with past clients?

These are red flags that someone is disengaging with either your company or with real estate in general. It also could be a sign that someone has gotten another job (to pay the bills) or is leaving your firm for another one.

Don’t just ignore these signs. Try to have a face-to-face (even if it’s just Zoom or FaceTime) chat with this person so you can see their body language and not just hear their voice. Ask if the agent truly is alright and if there is anything you can help them with right now. You won’t know if you never ask.

4. Be prepared to help

Once someone opens up, give them your full attention. Listen with intention. Small, consistent acts of kindness and attention build strong relationships — not just with clients, but also your team.

In some cases, you may be able to offer guidance and assistance. Are their leads down? Can you divert some company leads into their funnel? If they are struggling with focus, can you coach them back to a good place where they are making their prospecting calls and working on their business? Can you connect the agent to someone who can give them help in whatever their struggle is right now?

5. Stay in your lane

In other cases, the situation may be out of your control. I’m seeing agents struggle with financial pressures right now, which will probably lead them to drop out of the business. Pushing them to stay when they need to feed their families and get a reliable paycheck may not be the best answer to their problems.

I know a broker who made the mistake of getting extremely close to one of her agents who was in a bad marriage. The agent would come into the office and vent to the broker about her issues, and the broker took to advising her on her relationship (which she felt was abusive). Each time, the agent went back to the husband and seemed to then resent the broker’s well-intended advice. It eventually caused a rift between the broker and agent.

Relationship issues, health problems, money — all of these are out of your wheelhouse. You can guide the agent to a place where they can get help, but you can’t fix all of their problems.

Finally, not all agents will make it. Our drop-out rate is notoriously high as an industry. Some people may love real estate but are just not cut out to make it during the rough times. There is no shame in calling it quits and finding a path that brings you a steady source of income or other perks your family may need.

Erica Ramus, MRE, is the broker/owner of RAMUS Real Estate.
5 Ways to Support Struggling Team Members
Dear Greater Boston REALTORS® and Friends,
  
The death of George Floyd and the subsequent acts of violence and civil disobedience that have taken place across our country during these past two weeks are upsetting and difficult to watch. They point to the anger, frustration and pain being felt by so many who have witnessed or been the victim of discrimination and injustice. Unfortunately, these experiences are all too common and have persisted for far too long across our nation.
  
As REALTORS® we pledge ourselves to uphold the fair housing laws and to provide equal treatment to all persons in the housing search and sale processes. And, as an association we are committed to a culture of inclusion and respect, fostering a welcoming environment for all types of business models, and advancing public policies that ensure diverse, cohesive, and safe communities for everyone.
  
It is in this spirit that we support the rights of the courageous protesters speaking out against inequality in our society and the many voices demanding change. No one should ever be made to feel excluded, treated unfairly, or be in fear for their life because of their race, skin color, or any other demographic factor. 
  
However, there also is no justification for those persons who have used recent public demonstrations to destroy public and private property. These actions have been disheartening and they should not be a distraction from the message of the protesters.
  
REALTORS® have long been known for being good neighbors, whether it be through their investment in civic and charitable causes, support of community improvement and revitalization projects, or volunteerism serving in elected and appointed roles in local government. The adversity we’re facing today offers an opportunity for all of us to do our part to change the course of history through positive action and leadership in our communities. 
  
Greater Boston Association of REALTORS® 
 
A Statement on Equality from GBAR
As advocates for their clients and the industry, the 30-Under-30 honorees of 2020 are rising to previously unimaginable challenges. In this year, which marks the program’s 20th anniversary, these high achievers are facing a previously unthinkable set of obstacles stemming from a national crisis. 
 
GBAR member Kimberlee Meserve of Keller Williams Realty Chestnut Hill was named to this year's class making for the eleventh GBAR member to achieve this status. Read more about Kimberlee here.

Past GBAR 30-Under-30 Honorees:

2007: Suzanne Koller
2008: Jessica Ye
2008: Mike DiMella 
2009: Elad Bushari
2011: Joanne Taranto
2013: Andrea McDonough
2015: Eric Rollo
2017: Ryan Glass
2018: Randy Horn
2019: Josh Stiles
2020: Kimberlee Meserve
GBAR Agent Named to REALTOR® Magazine’s 30-Under-30 Class of 2020
Article Courtesy of: Inman News
By: Katie Lance

YouTube can be one of the greatest sources for lead generation in real estate, but it can also be overwhelming! YouTube is the second largest search engine (and owned by Google), so when used properly it can be a great tool to attract new clients rather than always chasing leads. 

YouTube is very different in the way content is found. On Facebook, people are scrolling through their news feed, and if a video catches their eye — they click on it. With YouTube, users generally search for content they are looking for. 

This is why we highly recommending creating a strategic plan for local and evergreen content that is valuable to your clients and prospects.

4 tips for growing your YouTube channel


Here are some helpful tips that have helped to grow our channel exponentially:

Tip 1: Create your channel for free, and start creating videos by planning and batching.


If you have not yet created a YouTube channel, head over to Google, and create a free account. Make sure you have edited your “About” section to include your contact info, and use a tool such as Canva to create a great cover photo.

As far as creating YouTube content, we recommend batching your videos — create four or five in one batch, and then create a plan for posting one video per week.

Stuck on what to say? Think about the questions you get asked all the time from your clients and prospects. Brainstorm a list of “evergreen” (or timeless) content ideas, and use a simple Google Sheet to keep yourself organized. 

Here are a few topic ideas to consider: 
1. Should you have an open house? Why or why not?
2. What is the process to becoming a first-time homebuyer?
3. Rent or buy? How do you know when it’s the right time?
4. What are your best packing tips for when you move?
5. What are your favorite local businesses you could highlight?
6. How do you find a good lender? What are the questions you should ask?
7. How to move to _____ (your town)

Tip 2: Create quality videos for YouTube easily and efficiently by having a consistent formula for your content and for your video setup.


One of the ways you can effectively create a lot of great YouTube content is to start with a running list of ideas. Think about the past six to 12 months and the clients you have worked with, and then brainstorm a list of topics and questions that came up in conversation.

Also, look at your setup for video. Create a simple setup that you can replicate in your home or office. Look for a place that is quiet where you can easily set up a light and your phone or camera with a tripod.

I don’t think you need a lot of fancy equipment, but a great ring light and inexpensive tripod (that you can find on Amazon) work wonders. Record using your smartphone, and then transfer the video files to your computer for easy uploading using Dropbox or Google Drive.
 
Lastly, create a consistent formula for your videos in the beginning, middle and the end. 

For example, a simple video formula might look like this:
Hook (what the video is all about)
Introduction
Video topic
Two or three points
Wrap up and call to action (Where can people go for more info or to work with you?)

Tip 3: Increase your videos views and subscribers by being consistent and paying attention to your titles, description and thumbnails. 


There are a lot of small things that can make a huge difference when it comes to increasing how many people are viewing your video. Here are a few important tips to increase your views.

Pick a day once a week to publish your videos, and let people know when your videos will be published. Promote that day on Facebook or through your email newsletters. Commit to posting the same day and time each week. YouTube favors creators who post consistently.

Remember, title and descriptions are key on YouTube. A great title is like a great book cover — catch people’s eye. 

For your description, make sure you have a brief summary of the video — plus, include helpful links for additional information and your contact information. Also, increase your video’s views and subscribers by having great thumbnails. Don’t use the default from YouTube.
Create your own through Canva which include graphics and a small amount of text (three or four words max.)

Lastly, as you start to build your YouTube library, you can start to organize your videos into playlists. For example, you might have a buyers playlist and a sellers playlist, which is very helpful when you are working with prospects and clients.

Tip 4: Remember, a few small things make a big difference when it comes to YouTube.


When it comes to creating content, remember to insert a story or example, rather than just sticking to the facts. Stories can help drive a point home, connect with your audience and increase people watching your video all the way to the end. Don’t forget to cross promote your YouTube videos for greater exposure and more views. 

Use social media and email as a way to distribute your YouTube videos outside of YouTube to drive more traffic. Share the YouTube link on Instagram, LinkedIn, Twitter, Pinterest and with your email newsletter list. What else makes a big difference?  

Be upbeat and energetic, and get to the point quickly. Also, you might consider creating episodic content to encourage the viewer to subscribe to your channel so they never miss an episode. 

4 apps that’ll help you craft YouTube content
Here are a few of my tried-and-true favorite apps to make creating YouTube content easy:

Videoshop: This app is available for all platforms, and it’s hands down one of the easiest video editing apps to use on your phone.
Zoom: This is excellent if you are doing two-person, interview-style videos. Record the interview, and upload to YouTube! Also, you might use Zoom if you want to do a video where you are sharing your screen — it’s great for market update videos. 
KeywordsEverywhere.com: This is an excellent tool that allows you to research content and keyword ideas.
TubeBuddy.com: This is a great tool to get a heads up on how your competitors’ channels might be performing, and it will give you incredible data on your own channel. 

At the end of the day — consistent, relevant content is key to making the most out of YouTube.

Katie Lance is the author of #GetSocialSmart and founder and CEO of Katie Lance Consulting, a social media strategy firm and founder of the #GetSocialSmart Academy. She’s been recognized by Inman News as one of the 100 most influential people in real estate and is a featured keynote speaker at many industry events. Connect with Katie on Instagram or Facebook.
How to Jump-Start Your Real Estate YouTube Channel
Article Courtesy of: Inman News
By: Gerard Splendore


These tips, adapted to your personal selling style and fine-tuned to your client, can add to the buying experience despite not being physically present

Purchasing a home can be a trying experience, both emotionally and financially. Agents need to understand that their responsibility is to guide, direct and support buyers throughout the process.

Agents who typically spend quality time with their buyers are now required to adapt to virtual hand-holding due to COVID-19 and ongoing social distancing mandates.

Nurturing your buyer can be accomplished via email, text and telephone. My experience has been that if clients receive an encouraging email or text early in the day, and a summary communication at the end of the day, they feel your presence.

Immediate responses can also be helpful, but they aren’t always possible, depending on the number of buyers with whom you are working. Learning to prioritize is vital to any successful business relationship. Barring two emails each day, sending emails with the word “update” in the subject line, followed by the address of the listing being considered, is advisable.

1. In any transaction, communication is key

At the start of a client relationship, it is essential to obtain the contact information of all parties involved in the transaction, like in-laws, children and financial advisors, to ensure consistent, clear communication. A second requirement is to determine how clients like to communicate. Is it by email, text or telephone?

Ideally, everyone who is part of the transaction will be copied on every email and text. The obvious advantage of the written word is that there is a record of what has been stated. With phone calls, my method is to try to take notes and memos to file.
Even with this level of care, there are bound to be communication mishaps and details that are not addressed. It is best to keep in mind that patience is required. A cool approach can benefit everyone.

2. The role of a real estate agent is that of a teacher

If I’m working with first-time buyers, sometimes I feel it’s necessary to warn them that I’m conducting a class in Real Estate 101, and that certain facts require repetition to sink in. My experience with first-time buyers is that repetition will be a big part of the process.

When I repeat something that I feel is obvious, I begin by apologizing, and I emphasize how going through this information again is important for everyone involved. Without exception, buyers are grateful when I repeat what I think is obvious. Clarity in communication can never be taken for granted.

3. First-time buyers may not understand the ‘why’ of certain aspects of the transaction

It’s part of the agent’s role to anticipate questions and carefully explain why a detail or directive may be crucial.

For example, the buyer’s credit score will be a key factor in obtaining a mortgage. The mortgage broker they engage with may encourage them to pay down credit card balances and avoid new debt, but it’s helpful if their real estate agent reinforces this information and underscores its importance.

4. Managing setbacks in the buying experience

Disappointment is typically a part of any first-time buyer’s search. It can be as simple as ugly-colored tile in a bathroom or inadequate closets, to something as major as losing a property that was their dream.

As their agent and guide, I prefer to substitute the term “compromise.” It is also wise to be clear that some features such as tile, closets or wall color can be changed without too much effort. Other issues such as neighborhood, location and exposure are best thought of as compromises or even sacrifices — a means to an end.

The term “starter home” may be a turnoff to first-time buyers, but after seeing a property in their price range and in the location they can afford, they will typically adjust to the concept.

5. Always encourage a positive attitude

Finally, I strongly believe in being positive with first-time buyers, even when the process is tedious or going badly. I will often end emails with “I remain optimistic” when the buyer may not feel that way.

These tips, adapted to your personal selling style and fine-tuned to your client, can add to the buying experience, despite you not being physically present. In this current environment, businesses will learn to adapt to transact in a physically remote style, while maintaining contact in a personal way.

Real estate is, above all, an industry based on customer service. Just as each customer and transaction is different, how you, as the agent, approach your clientele and their deal must become part of your developing skill set if you are to remain successful.

Gerard Splendore is a licensed associate real estate broker with Warburg Realty in New York. Connect with him on LinkedIn.
5 Tips For Virtually Hand-Holding First-Time Homebuyers

Article Courtesy of: Inman News
By: Bernice Ross
 

This week, Tami Bonnell, the CEO of EXIT Realty, weighs in on ways agents can provide more value to their sellers on their next listing appointment and the 4 questions they need to ask clients
 
How can you convert more listing appointments into signed listings? Tami Bonnell, the CEO of EXIT Realty, says it starts with the mind-body connection, asking four key questions and becoming the solution to your clients’ problems rather than being the local expert or “trusted adviser.” 

I normally wouldn’t expect the CEO of a major real estate franchise to be an expert on listing appointments, but in this week’s video, Bonnell shares a powerful approach that not only helps you take more listings, but also create customers for life.

The mind-body connection

According to Bonnell, who is also a third-degree black belt, martial arts is more about the mind-body connection and being in control as opposed to fighting. 

In the circumstances we’re facing right now, she advised that the more you can stay in the present tense, the better off you’re going to be. 

“For me, when I’m in the present tense, and I’m really present, I’m actively listening to another person,” Bonnell said. “I make [the conversation] personal — completely about that person. I put myself in their shoes. I do homework on the human being more than I actually do on the product, to find out what’s really important to that person, what their personality type is.”

Bonnell then Googles them, friends them on Facebook, connects with them on LinkedIn and finds out what’s going on in their real world. Whenever someone tells her that she seems to do a lot of homework, Bonnell typically responds by saying that the client is important enough for her to do that homework. 

‘Value equals income’

According to Bonnell, the most important question an agent should ask is: How can I add value to your life? It doesn’t matter who Bonnell is in front of, her goal is always to add value to her clients — whether they list with her today or not. Sometimes, Bonnell said, the timing is just not right for them. 

At the end of the day, Bonnell’s mindset is focused on being the solution that helps people solve their problems.

Whether it’s helping them push back their mortgage payments a few months or showing how they can capitalize by investing in “opportunity zones” as a strategy to reduce their capital gains tax on their investments, this is what builds value and strong relationships that result in more listings and referral business. 

The 4 questions that create value

After one of her talks on creating value, Bonnell was approached by one of her agents who was going on a listing appointment later that day and was competing against three other agents. The seller was a man his 70s who owned a business and was possibly retiring. 

Bonnell advised him to do the homework (search the seller on Google, friend him on Facebook, check his LinkedIn profile, and find out more about him as a person). She then told him to ask the four following questions:
Where do you see yourself in the next one to three years?
What are your real estate dreams?
If you could wave a magic wand in a perfect world, paint that picture for me.
Why are you having me over to list your house? Do you want to list today, or is there something you want to get for a return out of listing your property? 

The agent followed Bonnell’s advice. He discovered the seller wanted to retire to a waterfront property on the North Carolina coast in two or three years. The agent advised the seller that area was appreciating rapidly, and it would be smart to buy as soon as possible. The agent then referred the seller to another agent who could help him with his purchase.

The agent also recommended that it would smart to delay selling his current property because it was still appreciating. The agent would stay in touch to keep the seller apprised if there was any change in the trends. 

This advice stopped the seller short. The three other agents were only focused on taking the listing. The agent also explained the benefits of investing in opportunity zones.  

The bottom line was the seller bought the home in North Carolina. By waiting to sell his existing property, he received $150,000 more than he would have if he had sold earlier.

Moreover, with the agent’s help in terms of understanding short-term rentals and opportunity zones, the seller ended up paying off the investment property in two years. This agent helped the seller increase his net worth by about $2.4 million. 

Be the solution

Bonnell explains the benefits of using this approach. Although you may not always get the listing, what you’re attempting to do is a build a reputation that you’ll always work directly with the client on their behalf and find solutions to their problems.

Too many people are worried about the gadgets and gizmos galore. “I believe in the human behind the device and the human behind the transaction,” she said. “If we can do any of those things that’ll make the transaction easier, smoother, faster, more effective, I’m all i

However, she added, technology can never replace the value agents can bring to the transaction. Agents have an opportunity to pour not just their hearts, but also their vast knowledge and expertise into their clients so they can make the best decision possible based on where they are right now. 

“We’ve got to get rid of that salesperson mentality and get into that solution mentality,” she said.

If you want to earn your keep, justify your paycheck, and compete against the $8.8 billion that was spent with disruptors last year, you must be able to show your sellers how you will give them a great return. If the seller gets a great return, do they really care how much they pay you in commission? 

Bonnell had this final piece of advice about what you can do to take more listings. Take 120 seconds at the beginning of the day, before any appointments, to picture how you want your day or that appointment to go. Picture how you want the people to feel. The end result? You will come closer and closer to what you picture every time.

Bernice Ross, President and CEO of BrokerageUP and RealEstateCoach.com, is a national speaker, author and trainer with over 1,000 published articles. If you’re ready to List & Sell Real Estate Like Crazy, learn more about how to do it https://realestatecoach.com/training/list-sell/ If you’re a new agent who wants to successfully compete even against even the best agents, check out our online new agent sales training at RealEstateCoach.com/newagent 

Want to Convert Listing Appointments Into Signed Listings? Here's the Solution

 

Article Courtesy of: Inman News 
By: Brandon Dolye

Thriving in a shifting market is all about making adjustments. Here's how one Utah-based real estate group doubled production by adopting gamification — yes, in the midst of this pandemic.
 
The pandemic has been tough on all of us. Some of us couldn’t even show homes. All of us made adjustments. But not everyone took a production hit. Some teams are still on track with their original goals. Others are actually doing better this year compared to last year.
 
I love the saying that’s become common in a lot of Facebook groups I follow: “Yea, there was a 50 percent reduction in transactions during the pandemic — but there was also an 80 percent reduction in competition!”

Surviving the pandemic was about adjustments, but thriving in the pandemic? Is that even possible? 

I saw a lot of cool things from teams in my network, and a lot of lessons to be learned for when markets shift, and times become uncertain. One of the coolest was from a team just north of Salt Lake City that actually doubled its production in the midst of massive uncertainty. (I have the numbers to prove it!)

How Utah Life doubled their production during the pandemic

Before we dig into the numbers, here’s what you need to know about Utah Life Real Estate Group. They have 20 total team members — around 14 full-time agents, a couple part-timers and a handful of administrative staff.

They run a full team model and provide coaching, systems and accountability for all of their agents. A lot of their coaching is around mindset.

Also, they are extremely driven by numbers, goals, and achievement. They are the team around which the idea and concept of Sisu was born. A lot of the screenshots showing their numbers and production are taken from their Sisu dashboards. 
Utah Life has some very cool graphs, which make it super simple to see just how much they crushed it during March and April. 

Take a look at this chart of their signed units. This is impressive, especially considering that they lost one of their top producers in November of 2019.



This is a chart of their under-contract units. Compared to same months in 2019 and 2018, their under-contract units increased in April and March of 2020.


Use of gamification to drive real estate sales

Gamification has become popular in sales because you can tweak the system to produce the exact results you’re looking for.

A lot of other industries rely heavily on their compensation plans and promotion paths to do this — a careful concoction of payments, promotions, recognition and accelerators that align incentives across a sales team and make things work. 

This, of course, happens in real estate as well, but to a lesser extent. Almost all of our teams and brokerages are 100 percent commission-based contractors. It’s harder to create a culture where incentives are aligned, but here’s where gamification comes in. Gamification can help you align incentives, tighten your culture and drive key metrics that you know will create results. 

In this case study, Utah Life focused heavily on a few different leading indicators such as conversations and appointments set. See the huge spike in conversations on their graph above, which pretty much fueled everything. I believe the point system was as follows: 
Conversations: 10 points each.
Appointments: 100 points each.
Client placed under contract: 500 points.
Daily exercise: additional 30-point bonus.

Where this system breaks

You’ll want your most OCD team member running your gamification. That person who’s got your CRM system dialed in to the last one and zero? That’s exactly who should run a system like this. 
They’ll love it, too, because this is the type of thing that actually drives adoption with all of your systems. Didn’t happen in the CRM? It didn’t happen at all. Here’s where teams go wrong: 

You rely on your agents to enter 100 percent of the data. For obvious reasons, there won’t be a lot of enthusiasm around this. Tie it to your CRM so that your agents can stick to their current processes.
You don’t have a live scoreboard. Can you imagine going to a basketball game without a live scoreboard? There would be no drama. No excitement. And a lot less competition pushing everyone to do their best. If you can, get a 24/7 live scoreboard. This alone should create a 30-percent boost in production.
See this case study with Glassdoor sales team on page 125. They increased their booked meetings by more than 50 percent while going from little to 100 percent CRM adoption. Not real estate sales, but similar concepts apply. Make it fun, visible and fair. 

The competition doesn’t have to be inside your team only

One thing that I thought was really cool about the contest was that the competition was not only internal. Too much internal competition can be unhealthy. There’s a fine balance.

But you probably know other real estate teams that are around your size and level. You network with them on Facebook, or maybe they compete in another market that’s not super close to you. 

Creating competition with other teams can be an extremely fun and healthy way to drive results. You can put up a prize (for example, $500 to the top agent) but set stipulations that the losing team has to front the prize money. Have fun with it!

The exact specifications of one of the contests Utah Life ran during the pandemic was the Utah Life versus Bowen Adams Real Estate contest. You can also see their joint scoreboard in Sisu below.
Top agent got $1000, second place $500 and third place $250.
The contest ran for 10 days from April 20 to April 30.
Agents earned 500 points for units placed under contract.
Agents earned 300 points for signing a listing.
Agents earned 200 points for signing a buyer.
100 points for each attended appointment (buyer or seller).
5 points for each prospecting conversation.

On my team, personally, we’ve done monthly and quarterly competitions for things like most open houses, five-star reviews, showings, appointments or even just days of activity logged.

We set it up so anyone would have the opportunity to win something — not just the top producers. Prizes have included gift cards and team swag members could pick from. 

We’ve also done group goals where anyone who meets the goal is invited to lunch or happy hour and other team-wide goals that included a team outing for everyone. Before the pandemic shut us down, we were planning on doing “top golf”!

The three steps to making gamification happen


To sum things up, I think Utah Life’s success during this period boils down to a handful of key elements: 

1. They met daily on Zoom to go over numbers, offer quick training and keep the motivation high.
2. Their leaderboard was highly visible 24/7 via web and mobile apps. 
3. The contest was clearly defined and the numbers were simple to track — often, 100 percent automated from the CRM. 

I see a lot of team leaders and brokers pushing gamification, but this one was an eye-opener as to just how effective this strategy can be. 

Brandon Doyle is a Realtor at Doyle Real Estate Team — Re/Max Results in Minneapolis and co-author of Mindset, Methods & Metrics – Winning as a Modern Real Estate Agent. You can follow him on Twitter.
Use Gamification to Boost Agent Production

Expand Your Business and Horizons!


Cultivating Multicultural Relationships is Good for Business

REALTORS® know the importance of adapting and remaining relevant in today’s marketplace. By developing a business practice rooted in inclusion and equality, you can help buyers of all cultural backgrounds achieve the dream of homeownership.

This two-day At Home With Diversity® (AHWD) certification course teaches you how to work effectively with diverse populations so you can build business success in today’s multicultural real estate market.

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Leigh is a third-generation real estate licensee who has managed staff and hundreds of agents. She now sells real estate and speaks nationally along with some broker and culture coaching. She wants your business to succeed and is excited to share some of her ‘lessons learned’ with you!

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YPN: The Leveraged Agent; How To Let Go?
11:00am
 
Brunch & Learn: Selling The Sun (Live Webinar)
Live Webinar Course
9:00am
 
REALTOR® Party Comedy Night Via Webinar
Live Webinar Event
7:00pm
 
Rentals The Right Way! (Live Webinar)
Live Webinar Course
9:00am
 
CE Webinar: Buyer Agency
Webinar
9:00am