In my career, and teaching the ABR® class, the Accredited Buyer Representation class, one of the biggest objections you'll get from a buyer is, "hey, I think I'm going to work with the listing agent directly. I think I can save a few dollars, and I'm pretty tight on my budget, so I think I'm going to try to do that."

What do you say to that? What's your response to that?

Well, it's a valid concern, especially in today's buyer agent world where buyers may have to write a check. Of course, we know that's not super common today. It might be in the future, but in today's environment it's not super common.

So my response to that is very simple. I would say:

"Hey, listen, I totally understand. If that's what you want to do, more power to you. But can I ask you a question—other than the commission, do you see any other benefit from doing that?"

Most people say, well, not really. And that's where you follow up with this:

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"So I just want to plant a seed for you. I want you to think ab...

If you're a real estate agent, I've got an idea for you.

And the reason I got this idea is because it just happened to me. I'm a rental owner, and I got a letter in the mail from a local real estate agent, but he had partnered with a local property management firm. I thought this was a brilliant strategy.

They co-branded the letter, and the letter said something like this:

“Hey, I'm a local listing agent who specializes in working with investors. If you're in need of real estate services, on the buy side or sell side, I'd love to work with you. And by the way, I partner with a local property management firm who would love to work with you on the property management side.”

And it was a brilliant strategy. On the bottom, they had both the logos.

Now, from each company's perspective, they're ancillary and complementary to each other.

They've taken their mailing costs and cut it in half. Think about that. Instead of it maybe being a dollar 50 or a dollar, now it's half, and they can ...

Almost every week I have a new agent come to me and say, “Hey, I want to tackle a new area of the market.” Maybe it’s for sale by owner, maybe it’s expired listings, maybe it’s farming— all very valid areas to market to.

But my first question is always, “Let’s talk about your sphere of influence first. Tell me about that.”

A lot of times they’ll say, “Well, I don’t really have a good number on that.” That’s how I know they’re not really dialed in on their sphere. I’ll ask, “How many people are in your sphere?” And they’ll say, “It’s like 100… it’s like 200.”

They can’t tell me a specific number because they’re not actually in control of their business.

So the number one thing we have to do—before we chase rabbits, before we look for other business, before we search for something else—is get our sphere of influence dialed in.

Why? Because 70–80% of your business is going to come from this source. We have no business spending time, resources, money, and energy elsewhere when we have...

Hey guys, I want to give you a really easy equation for your business, and it starts with understanding something very fundamental.

Every single listing you take and every single transaction you create will be the result of a conversation you’ve had in the last two weeks.

Hear that: every single listing and every single transaction you create will be the result of a conversation you’ve had in the last two weeks.

By nature, that means if we have more conversations, we’ll have more closings.

That’s the big challenge for many agents out there. They don’t really put numbers to this.

The path is in the math.

When it comes to sales, we often want to think it’s an art form, but it’s not. It comes down to hard work and actually doing the work necessary.

So let’s put some numbers to this.

In our training and coaching, we’ve found that for every 30 conversations you have, you’ll average one closed sale.

So we can really plug some math in here and say, if I want to close 30 transactions ...

Guys, can I tell you a story? If you don’t like it, don’t watch.

My wife and I are shopping for investment properties in different parts of the country. As we’re looking, of course I’m calling REALTORS. How am I finding them? In these markets, I don’t personally know any, so I went to Realtor.com—just like most buyers would.

I searched for agents, looked at their stats, found a few who looked good, and started calling. I wanted to see if they’d answer or call me back.

Well, no one—and I mean no one—answered their phone.

I get that people are busy or in meetings, but I left voicemails and still… nothing. No callbacks. Crazy.

So then I thought, this is what buyers go through. Everyone assumes agents are hungry, but most aren’t.

Then I tried something different. I filled out the Realtor.com lead form as if I were just another lead. Technically, I am a lead—a big one, actually. I could give these agents tons of business because I’m looking to buy multiple investment properties.

Gues...

Did you know that half the listings in America aren’t selling? Yes—half.

That takes us back to the old-school days. When I first started in real estate with Century 21, I proudly wore the gold coat. I had to buy it myself, so it was a big accomplishment. Back then, I attended a class called the Two-to-One Class. The theory was simple: for every two listings you took, only one would sell. A 50% sales rate.

Now, imagine meeting with a seller and saying:

“Good news—I’ll do my best to get your home sold. Bad news—I’m only successful about half the time.”

How do you think they’d respond? Probably not too excited. I realized quickly I didn’t want a 50% failure rate—I wanted 100% success. That meant changing the conversation.

Here’s the script I used:

“Mr. Seller, you may not realize this, but in today’s market only about 50% of listings are selling. That’s unacceptable to me. I want to sell 100% of the listings I take. But that requires us to have a different kind of conversation. I ca...

I just interviewed my good friend Garrett Maroon, who’s going to be on my podcast soon. Garrett shared a powerful concept called, “The Recipe Approach.”

Here’s how it works:

We all probably have a mom, grandma, aunt, or someone in the family who’s a great cook. They make delicious meals because they have a recipe that works. For example, when baking a cake, they use the right mix of eggs, chocolate, flour, salt, and so on. They follow the recipe, put it in the oven, and after a set time, they get a delicious result.

Top real estate agents operate the same way.

They’ve each figured out a recipe for success. For some, it may be like baking a cake. For others, it’s more like muffins, pies, or cookies. The point is: they’ve found a formula that works for them.

Once they have it dialed in, they keep baking the same cake over and over. Why change something that works?

Of course, when people start out, they don’t have their own recipe. They experiment, make mistakes, or follow someone e...

How do you get consistent with lead generation as a real estate agent?

This is the greatest challenge most agents face: consistency. That’s the word we’re at war with every single day: consistently showing up, consistently generating leads.

If you want to take control of your business, it starts with committing to one hour of lead generation every day. And the only way you’ll follow through is by scheduling it.

You don’t do what you don’t schedule. You don’t prioritize what you don’t schedule.

So, take out your calendar right now and block one hour every working day to lead generate.

That’s step one.

Step two: know exactly what you’re going to do during that hour.

What’s your goal? What specific actions are you taking?

These are your KPIs (Key Performance Indicators). They’ll vary based on your strategy, but here are some examples:

• Call 10 people in your sphere
• Call 10 FSBOs
• Handwrite and mail a few notes
• Post on social media
• Schedule an open house and start farming or n
...

You are at war with a real estate company or agent in your marketplace. I want you to think—who is that person right now? Who is that company?

If I asked you, “Who’s your number one competitor in your market today?”

Now… what if I told you you’re wrong?

Here’s why: The number one competitor in every market in America isn’t who you think. It’s Zillow.

Why Zillow?

Because Zillow is winning the war, not of market share, but of “mindshare.” And many would argue they’ve already won.

They don’t sell homes. But when people hear the word "real estate," they think of Zillow. That’s mindshare. It’s the first thing that comes to mind.

They’ve spent billions of dollars in ads. They’re everywhere online. So when someone wants to sell a house, they check their Zestimate. When they want to buy, they go to Zillow.

Here’s what happens: someone says, “I want to buy or sell a house,” they end up on Zillow, start browsing, and get prompted: “Want to talk to an agent?”

Then they fill out a form. A...

As a REALTOR, you've heard the word farming, right?

Well, I want to give you a different thought process on farming that I think will be really unique:

Instead of doing a shotgun approach where you're sending out a generalized postcard or letter (which can be effective if done right), I want to introduce you to what I call “Vertical Farming.”

So instead of reaching out to 200 people, reach out to 20. And with those 20 people, go deep.

Here’s how: I might send them a CMA or a neighborhood report (both of which you can generate for free at NAR.com if you're a REALTOR). That system allows you to create a beautiful 81-page report on someone’s home anywhere in the country.

You can choose between a seller report or a neighborhood report (which might be shorter, maybe half the size).

Then, add a cover letter that says something like:

“Hi, my name is Jim. I'm with ABC Real Estate. I'm reaching out to a select handful of people in your neighborhood today to give you a quick update on you...