Posts Tagged ‘Real Estate Training’

Dave Skow

Coaching a Winning Real Estate Team

In order to have a sales or property management team that achieves great results, a great coach and effective coaching methods is an absolute necessity.

Think of a sales or rental department as an elite sporting team. Each member has their specialty position and skills, and as such, the coaching methods used to ensure their success should be tailored to their individual functions.

Too many principals implement training based on general sales or property management needs, where they should be focusing on individuals’ strengths and weaknesses, and the skills that these people require to excel in their specialty area.Real-Estate-Training-2

For example, would it be beneficial for Jarryd Hayne to spend all his time training to make the big tackles and hard hit ups? Of course not, because he doesn’t play in the forward line. It would, however, be ideal to use those training methods for a front rower such as Petero Civoniceva.

Is it really a good idea to implement a standard training regime across the whole sales team? Or would it pay to take the time to identify each member’s role, and their strengths and weaknesses, and then tailor training to suit their individual needs.

The reason that players in a sporting team are chosen to represent their country is because they are the best player for that position. The winger is quick, the forwards are tough and the fullback is agile.

In a sales team, the best lister is confident and empathetic, the best seller is great at negotiating and the support staff have an eye for detail. Therefore, tailor training to enhance these skills. Make them market leaders in your area.

Consider joining strong members of your team with other strong members. Cameron Smith & Cooper Cronk are good players in their own right, but as a duo they form a force to be reckoned with. Likewise, band together a star performer with a weaker player in your team. Just as Darren Lockyer can make anyone look fantastic and inspire his team mates to perform, the weaker player will be driven to lift his game.

Another mistake some principals make is not ensuring the sales team sticks to their core market area. In a slow market, it is easy for sales staff to take on listings as business outside of their local or specialty area.

Roger Federer is the greatest tennis player of the 21st century, but he would probably get slaughtered if he ‘laced up the boots’ and ran onto the rugby field. As the old adage says ‘Stick with what you know and what you do best’.

But how do you put this training into practice? By conducting a simple training needs analysis. Sit down with each member of the team and discuss with them what they think their strengths and weaknesses are and what they can do to improve. Then implement training to suit their needs.

It can be something low scale like role playing scenarios they have trouble dealing with, or specific skills based training to broaden their knowledge of their core area. With the introduction of compulsory CPD, the popularity of skills based training has decreased dramatically. But as any proactive coach will tell you, training is the key to producing great staff that get results and remain a cut above the competition.

Just as all elite athletes aspire to be the best and represent their country, does your sales staff aspire to be the best and represent you?

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Greg  Vincent

8 Ways Real Estate Agents Could Use The Apple iPad

Today has seen the launch of the Apple iPad and already I can see that there are a number of potential uses for the iPad for real estate agents.

Just like a restaurant could use the iPad for taking orders or displaying their menu, real estate agents can use the iPad to demonstrate how professionally they can present a potential sellers home, show comparable sales and create a marketing campaign digitally.

The pricing of the iPad means that Apple have provided an affordable way that an agent can make their company appear more high tech.

Here”s 8 Ways That Real Estate Agents could use the iPad…

  • Use it for digital listing presentations
  • Show property photos and videos in high definition
  • Visit websites for doing CMA’s and show other related sites
  • Create a Demo Individual Property Website for a client right before their eyes
  • Instant database entry at open homes
  • Portable client management
  • Show details of current listings to buyers on the run
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  • Checking email enquiries & setting appointments

Today’s launch of the iPad also provides an insight into where Print Media is heading. The iPad is going to make it a whole lot easier for people to get their news digitally, which will have an effect on major newspaper distribution numbers.

Local Press may not feel the same affect for a while, but it certainly could have an impact in the long term.

My hope is that the introduction of digital readers like the Apple iPad and Amazon”s Kindle may help to bring the real estate print media prices down to a more affordable level for agents and sellers.

Whilst I see some great uses for the iPad for real estate agents, there are some developers who feel that Apple could have gone a lot further with their development, eg here’s 8 Things That Suck About The iPad.

I’m sure Apple will include a number of these extra features to the iPad very quickly, just like they did with the iPhone.

But for now it looks like they have made something that is very appealing to the majority of people & have priced it affordably enough that the iPad should end up becoming just as popular as the iPod and the iPhone.

While agents will have to wait to get their hands onto an iPad, over the next few weeks there is a perfect opportunity to prepare a digital listing presentation in time for its delivery.

I’ve shared 8 uses for agents, if you can think of any others I”d appreciate any other thoughts or ideas.

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Dave Skow

Agents Succeed Through Relationship Banking

In a market such as the one in which we find ourselves today, agents need to have a rapport with their current clients to be able to work with them in achieving the highest possible sale or rental price for their property. They also need to look to past clients for future business.

Real estate is possibly the industry which most relies on referral and repeat business to ensure continued success.

How do we make sure that the clients and customers we deal with today will come back to us in the years ahead? The answer is relationship banking.

Real-Estate-SuccessThink of the relationship that you have with a client as a bank account. To keep that client happy you need to ensure that there are always funds available in that account.

To do this, deposits must be made. Things like returning phone calls promptly, providing detailed feedback and going that extra mile for your client are all forms of deposits.

Once the account is in credit, you have built a rapport with the client and they should now trust you with the sale or management of their property. If necessary, you can now look to make withdrawals from the account. If you need to adjust the price, arrange an inspection after hours or if we make a mistake and leave the living room light on after an open house inspection, we possibly have enough credit to cover this.

While dealing with their vendor, an agent provided a comprehensive weekly report outlining how many inspections had taken place, what prospects there had been for the property so far, and what kind of prices these people were gravitating towards.

The agent also made regular contact with the vendors to make sure they were satisfied with the job he was doing. After their property had been on the market for six weeks without having any offers that met the vendors

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Greg  Vincent

Embracing The Young Guns Of Real Estate

On Wednesday night, I had the absolute pleasure to catch up with a number of dynamic, energetic & enthusiastic Gen Y agents at the REINSW Young Agents Chapter End Of Year Party.

I was really impressed by the calibre & determination that these young agents displayed & feel now that it’s more important than ever that real estate principals start embracing the young guns of real estate.

One thing I noticed was their genuine concern for getting rid of the cowboys out of our industry & their absolute passion for real estate & their customers.

After discussing the different ways that these agents can leverage the internet to network & market property, I encourage both potential customers & employers to investigate some of the concepts & tools that these young agents have at their disposal, sooner rather than later.

Real Estate Is In Good HandsAs I wrote in a previous post, Gen Y agents are the future of our industry & from what I could see our industry is in some very good hands.

For instance, here

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Sam Kelso

How You Can Carve A Successful Career In Real Estate

If developing a career in real estate sparks your interest or you

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