Real Estate Agents

The #1 Threat to Real Estate Industry

By Joe Lins
June 29, 2015

The National Association of REALTORS® (NAR) recently released the D.A.N.G.E.R. Report which stands for Definitive Analysis of Negative Game Changers in Real Estate. You can download a copy of the report HERE. NAR commissioned Swanepoel | T3 Group, an outside management consulting firm, to conduct an analysis of the threats, opportunities and trends in the real estate industry.

While there were many threats to the industry and our profession from outside the industry, there was one huge threat mentioned in the 160+ page report that comes from within the industry. According to the DANGER Report, the #1 threat to real estate professionals and the industry as a whole are other agents who are unqualified and/or incompetent. The Report says, “The real estate industry is saddled with a large number of part-time, untrained, unethical, and/or incompetent agents. This knowledge gap threatens the credibility of the industry.”

The Report cites the low state requirements to become a licensed real estate agent. The national average to get a license requires a measly 70 hours of training. Having the bar set so low to enter the profession or even remain in this profession is a recipe for trouble. Agents are allowed into the business with a very basic knowledge. That’s okay, you have to start somewhere. The problem is the brokers who hire these agents without providing any additional training or oversight and just letting them loose on the streets.

I see it firsthand every day. In California we have many forms and requirements that are constantly changing. What happens when the broker does not provide the ongoing supervision or training or insist the agent get it from through their local association? I can tell you from experience with agents from other firms, at times it isn’t pretty.

We recently had a new Residential Purchase Agreement (RPA) roll out in California. Our Executive Leadership team knew it was coming and prepared our agents over the course of several months by providing training on the new RPA. About a week after it went into effect, I got a phone call from one of our agents who was in a transaction with an agent from another firm. That agent knew nothing about the new RPA and didn’t know how to complete it. Our agent asked if we would be willing to train the other agent on the new RPA. I said “Absolutely!” A well-trained agent is good for everyone involved including the industry.

I’m not looking forward to the roll out of the new TRID requirements later this year. Not because it’s a new requirement. We’ve been talking to our agents about this for weeks and they will be receiving training so they are ready for the change. I’m dreading it because I know that most agents on the other side of the transaction will not have a clue. When that happens the person who will be the most vulnerable and frustrated will be the client. Their dissatisfaction is a negative impact on our profession and industry.

Yes, the training to become a license real estate agent is minimal. That is why it’s up to each broker and real estate association to have higher requirements to be affiliated with them. Every market and state is different but there needs to be a consensus from the leaders in this industry to raise the bar and hold the Brokers who don’t, accountable.

For those of us who believe this is a true profession and one that we consciously chose, this should be a no-brainer.

About the author: Joe Lins is President and Co-owner of CENTURY 21 Discovery. If you are interested in becoming part of the CENTURY 21 Discovery team contact Joe at 714.626.2069.

Videolicious is a great marketing tool for Real Estate Agents

By Suzy Lins
April 21, 2015

Recently, a group of our professional REALTORS® attended a webinar by Alan Haburchak of Videolicious. Videolicious is an app you can use to create on the spot videos. It’s a great marketing tool for real estate agents to use to create a Listing Video, a “Come Check out my Open House” video or even a Client Testimonial video. It’s all done on your iPhone or iPad. Within about 15 minutes you can create the video and send it out to your social media sites, email to clients or upload to YouTube.

I know most of us don’t like how we look in photos let alone in videos. It took me a bit to get over how I looked on screen. But then I realized…that’s how I look. It was a blow to my ego but I got over it. If you can’t get over it and still don’t want to be on screen you can do a voice over of video clips and photos to create a marketing video.

I put together this short Videolicious video to show our agents just how easy it is and to motivate them to give it a try.

Our CENTURY 21 Discovery agents have access to an upgraded version of the app because of a partnership with Century 21 and Videolicious. Right now it’s only available on IOS products but there are plans for an Android version soon. Once you give it a try you’ll be amazed at how easy it is to use!

About the author: Suzy Lins is the Communications Director for CENTURY 21 Discovery. For more information about CENTURY 21 Discovery you may call (714) 626-2000.

Your Digital Presence is an Extension of Your Business Card

By Suzy Lins

February 9, 2015

Why does a real estate agent need a digital presence? During a recent New Agent Orientation at our firm I explained to our new recruits why they need a digital presence. What exactly is a digital presence? Simply, it means your online activity through either your website or blog, social media, comments you made on a video, etc. When someone looks you up online, all these should appear in that search. I like to think of it as an extension of your business card. That’s why it’s so important for REALTORS® to have some sort of digital presence.

Your digital presence is an extension of your business card

According to National Association of REALTORS® (NAR) 2014 Profile of Home Buyers and Sellers, 40 percent of buyers and 38 percent of sellers found their agent through a referral from a family member or friend. That same report stated that two-thirds of buyers and 70 percent of sellers only interviewed one agent before they found the one they wanted to work with. Most clients are not shopping around for agents once they get that referral but there is a pretty good chance they are checking you out before they call you. Google yourself to see what shows up. Is this a good representation of you and your business?

The same NAR research showed that 92% of buyers used the internet in some way during the home buying process. Many buyers find the homes they are interested in online and sellers go to third-party aggregator sites to get an idea of what their home is worth but very few find their agent online. The reality is that everybody knows somebody who knows somebody who is in real estate. If not, they’ve been living under a rock! If I was looking someone to help me make the biggest purchase of my life, first, I’d get a referral and then I would probably check them out before I called them. I’d “Google” them. That’s why it’s so important for real estate agents to have a digital presence that is current.

While there are a lot of ways to beef up your digital presence, these are the 3 things I tell our agents to focus on right away:

LinkedIn – Get a LinkedIn profile with a professional photo and complete the profile with your experience, education, certifications, volunteer work, etc. If you don’t have a professional photo headshot, get one. We have a local photographer that will take 12 professional portraits with the proper lighting and background and give it to you on a disk for $75. You own the photos and can use them across all your marketing efforts. On that same note, if your photo is more than five years old get a new one. It drives me crazy when I see agents use a photo from 20 years ago. I hate to break it to them that they don’t look anything like that anymore.

Website – Get a personal website. There are plenty of affordable websites out there for real estate agents. Through Century 21 every agent in the system is provided a free website. These are template based sites that allow the agent to personalize them with their own information. FYI – Most buyers will probably not go to an agent site to start looking at homes. They will most likely go to sites like Zillow, Realtor.com, Trulia, etc. But when that potential client does research you, that site will come up in their search results. It’s another way to show you’re knowledgeable and legit.

Facebook – For those who are already on Facebook I recommend they create a Facebook business page. This is an easy way to market yourself and your listings within your own circle of influence. Facebook business pages also have the ability to do micro-targeted advertising at just dollars a day. It’s a great tool for advertising that new listing or an Open House. Also, since Facebook is the largest social media site out there it will appear high in a search engine ranking when you get “Googled”. One other thing I tell our agents is that if they are going to have a Facebook business page they need to post to it regularly. I suggest a minimum of three times per week. You don’t want people coming across your Facebook page only to see you haven’t posted anything in six months. That looks like you don’t care and are not engaged in your business. Plus Facebook makes it easy. You can schedule your posts in advance.

Additionally, I recommend that every agent set up a free profile on third-party real estate sites like Realtor.com, Zillow, Trulia. These sites allow you to customize your profile, show your recent sales/listings and even get client reviews.

There are many more ways for agents to market themselves, but this is what we recommend to our agents as they begin to develop their digital presence. Remember, just think of it as an extension of your business card.

About the author: Suzy Lins is the Communications Director for CENTURY 21 Discovery. For more information about CENTURY 21 Discovery you may call (714) 626-2000.

What’s Your Value?

By Joe Lins

January 5, 2015

Our Leadership Team at CENTURY 21 Discovery recently held our annual strategic planning meeting for 2015. At that meeting we set aside a portion of the day to review and discuss our Value Package. We wanted to make sure every member of our team knew the value of what we provide to the agents at our firm as well as being associated with the Century 21® brand.

A few months before we presented it at our Strategic Planning Meeting, the owners and Chief Operating Officer sat down to review and update everything we provide to our agents when they come to work at CENTURY 21 Discovery.

I include this value package review process as part of my weekly coaching session with our agents. A Value Package should be a part of every REALTORS® arsenal that they bring out when they meet with a potential client or go on a listing presentation. It can be as simple as bullet points of the services provided to the client and how it will benefit them. Whatever format it is, it should be what sets you apart from the other guys.

I do this every time I recruit a new agent or counsel a current agent who is being wooed by another brokerage. I have to show them what we offer versus what they will get at another firm. Just like the agents who are competing for listings with other agents we are competing for good agents with other firms.

Along with all the training, office equipment and supplies we provide to every agent, I have to remind them about the 40 years of branding that Century 21 has. Aligning with the most recognized brand in the industry allows the agent instant recognition of what they do. Alignment with XYZ Company does not promote this sense of stability and longevity with today’s consumer. I also explain that being a part of our firm ensures a high level of support and knowledge they probably won’t get from a competing firm.

Here’s a story to highlight what I mean. In California, they rolled out a new Residential Purchase Agreement (RPA) in November of 2014. Months before it came out members of our leadership team attended seminars and classes to learn about the new RPA so we could train our agents. Over a period of weeks we held classes to ensure our agents were familiar with the new contract once it came out.

By the time the new RPA became a requirement our CENTURY 21 Discovery agents were well versed in it and ready to do business. Our agents encountered many, many agents on the other side of transactions who either had no clue that there WAS a new RPA or if they did, they had not been trained on it. Their brokerage had not prepared them for a major change in the industry. I even had one agent ask me if I would train the agent on the other side of her transaction. I said, “Of course!” I’d rather have our agents in a transaction with other agents who know what they are doing.

The value our firm provides to our agents encompasses the basics like office supplies and equipment along with the bigger things like training, knowledge and a pro-active involvement in industry changes. That’s our value. What’s yours?

About the author: Joe Lins is President and Co-owner of CENTURY 21 Discovery. If you are interested in becoming part of the CENTURY 21 Discovery team contact Joe at 714.626.2069.

Giving Tuesday Celebrates Giving

By Suzy Lins

December 2, 2014

Today is the 3^rd Annual Giving Tuesday, a global day of giving back. It’s the Tuesday after we give thanks (Thanksgiving) and the Tuesday after getting great deals (Black Friday, Cyber Monday). What a nice way to kick off the holiday season!

CENTURY 21 Discovery celebrated our version of Giving Tuesday exactly two weeks ago. Our Celebrate Giving with CENTURY 21 Discovery charity event is our annual fundraiser where we get together for a night of dinner, bidding on auction items and a little fun to raise money for local charities in our community.

: Dinner with friends!

: Bid ’em up!

: Playing the “Heads and Tails” game

It’s always held the week before Thanksgiving to kick off the season of giving and it’s usually on a Tuesday. This was our 20^th year of the event.

Our first event started out as a little dinner and small auction at a local Italian restaurant to raise some money for a charity. It was just agents, a few spouses and some title reps. Over the years we started inviting clients and others in the community. We’ve had to move to a larger venue twice to accommodate our growing guest count.

We are excited that it has grown, because it’s important to all of us at CENTURY 21 Discovery to give back to the communities we serve. Since its inception we have raised over $279,000 for local charities and this year we raised $19,000 in one night!

Many of our agents serve on non-profit boards or volunteer with organizations in the community. We encourage that and are proud of that because it’s part of our Core Values and it sets us apart from other firms in this industry. We at CENTURY 21 Discovery are grateful for all the #Unselfies who came out for this year’s event to help us make a difference even though we were two weeks early!

About the author: Suzy Lins is the Communications Director for CENTURY 21 Discovery. For more information about CENTURY 21 Discovery you may call (714) 626-2000

4 Key Take-Aways from the C.A.R. Expo

By Joe Lins

October 20, 2014

Two weeks ago I had the opportunity to attend the California Association of REALTORS® (C.A.R.) Expo in Anaheim. There were 9,000 to 10,000 attendees at the three day event. In between the learning and networking I also gained insight into what to expect from the 2015 housing market in the Forecast presented by C.A.R. Chief Economist Leslie Appleton-Young. It was great to make new friends and run into some old ones. One of the highlights was listening to a dear friend Terri Sjodin give her tips on crafting persuasive presentations.

Joe Lins, Terri Sjodin, Stephanie Goedl at the 2014 C.A.R. Expo

In an earlier post I said I would be giving an update on my key take-aways, so here they are:

1) What is your Value Package?

This topic was a central theme in most of the presentations I attended. A Value Package basically means: What value do you provide to your clients and in my case, our agents.

All REALTORS® need to have a list on paper and committed to memory the services you will provide to your clients and what sets you apart from your competitors. This should include what you know about the markets you serve that can’t be found online. Your micro-market knowledge will set you apart from the third party aggregator websites like Zillow, Trulia, and establish you as the go to person in your market. Your Value Package should be part of your Listing Presentation and listed on your website.

Our management team recently reviewed and updated our firm’s Value Package which will allow us to articulate the value of being associated with our company to our agents as well as the agents we want to recruit. In a recent coaching session I presented our Value Package to the agents and explained that they need to model their own Value Package after our company Value Package.

2) Education

C.A.R. provides a variety of education to its members which include continuing education, professional development classes and designations/certifications to distinguish you as a specialist in a particular niche of the industry. You have the ability to choose your own learning experience: Live Lecture or Face2Face at your local association, Remote Learning and Online classes as well as Home Study programs. One of my favorites is the online 12 session course for new agents. As professional REALTORS® we need to stay educated to be relevant in an evolving industry.

3) Track your Business

REALTORS® need to know where their business is coming from. Take the time to ask why or where a client found you so you can track which marketing efforts are working. If the bulk of your clients are coming from a specific tool: emails, Just Listed postcards or an online ad then focus you efforts on those areas where you are getting the best results.

4) Real Estate Office Layouts are changing

The physical layout of the real estate office is evolving into a new model. Sitting around a conference table in a board room is no longer as effective as it once was. Progressive firms are changing this style of doing business by providing a more relaxed and informal meeting area that features chairs around a coffee table. Kind of like sitting in a client’s living room.

I learned a lot at the 2014 C.A.R. Expo and at the end of each day I thought my head would explode with all the information coming at me. These key take-aways will allow me to improve my business and provide an even better environment to allow our REALTORS® to be more progressive, passionate and professional.

About the author: Joe Lins is President and Co-owner of CENTURY 21 Discovery. If you are interested in becoming part of the CENTURY 21 Discovery team contact Joe at 714.626.2069.

REALTOR® Safety Tips

By Joe Lins

October 14, 2014

The attack on an Orange County real estate agent outside her listing this past weekend has kept safety precautions a talking point among us REALTORS®. This following the death last month of Arkansas real estate agent Beverly Carter was a reminder of the vulnerability agents have when they are showing property or holding an Open House.

At our firm’s sales meeting last week we reviewed the safety precautions that all agents, male and female, should take when they are meeting strangers or holding an open house. The National Association of REALTORS® has a 10 Commandments of Agent Safety that provides some great tips. Last week at the California Association of REALTORS® Expo in Anaheim they offered safety classes. Our local Pacific West Association of REALTORS® is offering a safety class in October 20^th from 11:30-1:30.

All these classes and tips offer very good advice. Here are some additional recommendations I made to our agents:

Tell someone where you are going when meeting a client

Tell an office buddy, the receptionist or a family member where you are going and how long you plan to be there.

Have a code word to signal that you need help

Have someone call you at a certain time to simply ask “How’s it going?” How about something like: “Escrow just fell out”. Not something any agent likes to say but a phase like that would not alarm someone standing next to you.

Take someone with you

If possible, bring along a co-worker. Maybe a younger agent you are mentoring or an older agent you want to critique your presentation skills.

Always have an exit plan

Whether you are showing property or are at an open house always know where the closest way out is. Never walk in front of the client. Let them lead the way through the house and you can follow several steps behind.

Trust your 6^th sense

You have it…trust it! If something doesn’t feel right, trust your gut and get out of the situation as a soon as you can.

Think about doing your Open Houses differently

This tip came from one of our agents at our office meeting: Get acquainted with the neighbors in the neighborhood and let them know you’re holding an Open House.

I saw some agents do this at a recent Open House: Set up a folding table with a branded tablecloth and barstools in the driveway or on the porch. Put your brochures, flyers, home protection and finance info on the table. This allows you to see who is coming into the house and the make/model/color of the car they drive.

Stand up when someone approaches or enters the room. Not only is this good etiquette but good defense as well.

The bottom line is to be aware and be safe when you’re out there. Charge on!

About the author: Joe Lins is President and Co-owner of CENTURY 21 Discovery. If you are interested in becoming part of the CENTURY 21 Discovery team contact Joe at 714.626.2069.

4 Reasons Why I Love This Real Estate Market

By Joe Lins

September 23, 2014

I LOVE this real estate market! It’s a great time for all parties involved in the process. It’s markets like this that remind me why I got into real estate…to help people buy and sell homes.

Here are 4 reasons why I love this market:

1) Buyers offers are being accepted

Buyers actually have a chance of buying a home without being out bid by investors. Investors have made a lot of money over the past few years and good for them! As home prices have slowly inched up investors are not as prevalent which allows buyers, especially first time home buyers, to get the home they want.

2) Buyers can afford a home

People who want to buy a home are able to do so because interest rates are still very low. The Federal Reserve recently announced that it would keep interest rates low for now which is good news for borrowers. In addition, in our local Orange County market home prices are appreciating at a reasonable rate.

3) Technology is helping the home buying process

I know there are a lot of people in the industry who are freaking out about the potential Zillow-Trulia merger and the affects of other third party sites on the information available to the public. They think this will take the place of the professional REALTOR®. I don’t believe that mindset. Now, buyers have the ability to make better choices because of the technology available to them. They can research everything from neighborhoods and schools to crime rates and interest rates. Now, sellers can go onto Zillow and get a Zestimate of their property, this provides an opportunity for the REALTOR to educate (or re-educate) the seller on the actual comps for their home.

4) Homes are being sold for fair market value

It’s a true market where neither the buyer nor seller has a distinct advantage over the other. Sellers can still achieve top dollar without the fear of leaving money on the table if they had waited. Buyers can make quality purchase decisions without the fear of being priced out of the market. Both parties are able to achieve their definition of success, which rarely happens in any market.

The REALTORS who truly understand this are succeeding in helping people buy and sell homes through their micro-market knowledge and keen negotiating skills. After all, isn’t that why we got into this business?

About the author: Joe Lins is President and Co-owner of CENTURY 21 Discovery. If you are interested in becoming part of the CENTURY 21 Discovery team contact Joe at 714.626.2069.

Why should real estate agents attend sales meetings?

By Joe Lins

September 3, 2014

During my 37 years in real estate I have heard every excuse in the book from agents on why they don’t need to attend a sales meeting. Well, here are some reasons why you SHOULD. You are either in the business of selling real estate or you’re not. Professional REALTORS® are engaged in all activities that surround the business. One of those activities is attending your firm’s sales meetings.

Attendance at sales meetings establishes:

The culture of the real estate office

Every real estate office has a unique culture and vibe. One of the best ways to see if a particular firm is the right fit for an agent is to attend a sales meeting. This allows you to see the interactions between the agents as well as management and staff.

A consistent message to the public regarding the business of real estate

The message you are delivering to your client may not be consistent with your firm’s vision or even relevant to what is really happening in the market. A sales meeting should provide you with reliable information that aligns with the reality of the industry.

A forum for cooperation promoting clients needs and interests

Sales meetings allow the agents to interact and share the needs of their clients. Here’s an example: You have a Buyer looking for a 3 Bed, 2 Bath home in a particular area. One of your co-workers may know of a perfect home that’s getting ready to go on the market. If you had never shared that information at a sales meeting, that listing might have been sold before you were even aware of it.

A format to communicate the latest trends in the industry

Sales meetings should have some sort of educational component. There are so many changes in the real estate industry that it’s hard to keep up. Your broker should be providing consistent updates on the latest trends, tools and requirements within the industry.

You owe it to yourself as a professional and to your clients to remain on the cutting edge of the real estate industry. The easiest way to do this is to attend your company sales meetings. Plus, they usually have some pretty good donuts and coffee as well!

About the author: Joe Lins is President and Co-owner of CENTURY 21 Discovery. If you are interested in becoming part of the CENTURY 21 Discovery team contact Joe at 714.626.2069.

5 Easy Tips for Success in Real Estate

By Joe Lins

August 27, 2014

Not every agent in the real estate business succeeds. There are a variety of reasons why. We have come up with 5 very basic and easy things that you should be doing to help you succeed in real estate.

1) Answer your phone

This sounds like a basic thing that all agents should do, right? You’d be surprised at how many agents look at their phone when it rings and don’t answer it because they don’t recognize the number. Every call that comes in is a potential lead or advocate for you and your business. When you have the reputation of actually answering your phone more people will be calling you. Your phone will ring more…that’s a good thing!

2) Return phone calls

How many times have you called another agent about their listing and not received a return call back. Not only is it rude and unprofessional but it’s a violation of the REALTOR® Code of Ethics that state that agents cooperate with other brokers. Don’t be that guy! Take that few minutes to return phone calls.

3) Put all incoming phone numbers and emails into a client management database

What do most successful entrepreneurs have in common? A very rich database of clients, prospects and advocates. There are several client management systems (also called client relationship management (CRM) systems) out there. Some are software you install on your computer and others are cloud/internet based systems. Here is a guide to some of the CRM systems out there.

CENTURY 21 Discovery offers a CRM called Market Leader, Inc. in its Business Builder tool that allows agents to manage contacts, schedule and send emails/reminders along with a complete marketing campaign center with templates for flyers, newsletters, postcards, etc. Get a client management system and use it.

4) Listen to your Broker/Manager

Nobody is more interested in your success than your Broker/Manager. They don’t make money unless you make money. They should be providing the tools, systems and training you need to succeed. Listen to them.

5) If your Broker/Manager is not providing the tools, systems, training to succeed…change firms!

If your Broker/Manager isn’t offering you tools, systems and training or they aren’t mentoring you and you’re competing with them for business it’s time to change firms. Find one who has the tools, systems and training that fit your needs and make that move. Your success depends on it.

About the author: Joe Lins is President and Co-owner of CENTURY 21 Discovery. If you are interested in becoming part of the CENTURY 21 Discovery team contact Joe at 714.626.2069.

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