Listen "Episode 23 - Ten reasons you MUST consider building a listing focused business!"
Episode Synopsis
**Introduction**: - Bob Mangold introduces the episode and emphasizes the importance of pivoting towards listings in real estate. Beyond the NAR commission lawsuit, there are compelling reasons to build a business around listings. Encourages joining the Facebook group for discussion and sharing topic requests. **Mortgage Market Update**: - Discusses the negative impact of the previous week on the mortgage bond market and interest rates. - Introduces Eddie Yardeni's perspective on normalizing current interest rates. - Highlights upcoming inflation information and its potential impact on the market. **Interest Rates and Financial Strategies**: - Suggests shifting the conversation from interest rates to the actual interest dollars paid. - Mentions creating a new buyer's presentation focused on real estate commissions and interest rates. **The Job Market and Inflation**: - Analyzes the recent jobs report, noting the increase in part-time jobs due to high cost of living and inflation. - Discusses the impact of rising gas prices on the decision to buy a house. 1. **The Role of Listing Agents vs. Buyer's Agents**: - Differentiates between the roles, highlighting the control and benefits of being a listing agent. - Addresses compensation and the impact of being the "employer" in the transaction process. 2. **Building Market Share and Brand Recognition**: - Explains how listings contribute to brand recognition and market presence. - Warns against taking overpriced listings due to negative impacts on reputation. 3. **Credibility and Referral Business**: - Discusses how successful listings increase credibility and referral business. - Shares strategies for increasing referrals from both buyers and sellers. 4. **Income Planning and Anticipation**: - Describes how listings allow for better income planning and cash flow management. 5. **Leveraging Listings for More Transactions**: - Explains the "one into five" strategy, aiming to generate multiple transactions from a single listing. 6. **Marketing and Control Over Income**: - Emphasizes the control over compensation and the advantages of focusing on listings for marketing efficiency. 7. **Lifestyle Benefits of Being a Listing Agent**: - Highlights the lifestyle and financial benefits of being a listing agent, including control over work-life balance and income. 8. **Conclusion**: - Reiterates the value of focusing on listings for control over one's real estate business and personal life. Join our Facebook Group at: https://www.facebook.com/groups/realestateassetadvisorsVisit our website to watch replays of our Wednesday "Elevate Business Briefings" at: www.RealEstateAssetAdvisors.orgDownload a copy of my book, "If you list, you last!" at www.IfYouListYouLast.com
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