an introduction of new agent training and broker owner series at greater boston association of...

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ABC Accelerated Business Courses

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An introduction to Accelerated Business Course (ABC) for new agents with testimonial from Andrea McDonough (NAR 30 under 30 agent). Also an introduction to Successful Office Leadership Development a broker owner program. These programs are offered by the Greater Boston Association of REALTORS

TRANSCRIPT

Page 1: An introduction of New Agent Training and Broker Owner Series at Greater Boston Association of REALTORS

ABCAccelerated Business Courses

Page 2: An introduction of New Agent Training and Broker Owner Series at Greater Boston Association of REALTORS

NAR MEMBERSHIP REPORT

Your recruiting effort meets reality!

Page 3: An introduction of New Agent Training and Broker Owner Series at Greater Boston Association of REALTORS

Is it worth investing in your new agent?

Page 4: An introduction of New Agent Training and Broker Owner Series at Greater Boston Association of REALTORS

8 10

2 Years

Page 5: An introduction of New Agent Training and Broker Owner Series at Greater Boston Association of REALTORS

76%

Page 6: An introduction of New Agent Training and Broker Owner Series at Greater Boston Association of REALTORS

Stay with your company for 7 years

Page 7: An introduction of New Agent Training and Broker Owner Series at Greater Boston Association of REALTORS

What type of experience does your new agent have?

Page 8: An introduction of New Agent Training and Broker Owner Series at Greater Boston Association of REALTORS

Only 15% had a previous position in

sales

Page 9: An introduction of New Agent Training and Broker Owner Series at Greater Boston Association of REALTORS

Who does your new agent model their business after?

Page 10: An introduction of New Agent Training and Broker Owner Series at Greater Boston Association of REALTORS

21%

21%

Business source

Repeat ClientsReferrals from Past Clients

Page 11: An introduction of New Agent Training and Broker Owner Series at Greater Boston Association of REALTORS

Your new agents think• There is no room for them• Business comes to you• When the consumer thinks about real

estate they think about an experience agent

• The bigger you are in the Market the bigger they problems may appear to a new agent

Page 12: An introduction of New Agent Training and Broker Owner Series at Greater Boston Association of REALTORS

How Successful will they be?

Page 13: An introduction of New Agent Training and Broker Owner Series at Greater Boston Association of REALTORS

less than $500,000

$500,000 - $1,000,000

61%

17%

41%

14%

Sales Volume

2 years or less 3 to 5 years= one or two sales per year for their first five years YIKES

Page 14: An introduction of New Agent Training and Broker Owner Series at Greater Boston Association of REALTORS

Recruitment Realities• If these were not the statistics you were

expecting• If this is not the ROI you wanted• If this does not keep your doors open• If this does not keep you employed• THEN…

Page 15: An introduction of New Agent Training and Broker Owner Series at Greater Boston Association of REALTORS

There is a better way!

Page 16: An introduction of New Agent Training and Broker Owner Series at Greater Boston Association of REALTORS
Page 17: An introduction of New Agent Training and Broker Owner Series at Greater Boston Association of REALTORS

ACQUIRING A CLIENT BASE

Page 18: An introduction of New Agent Training and Broker Owner Series at Greater Boston Association of REALTORS

PROSPECTINGModule One

Page 19: An introduction of New Agent Training and Broker Owner Series at Greater Boston Association of REALTORS

Key Concepts

• Prospecting Principles• Networking• Farming• Canvassing• Opportunity• Sphere/Center of

Influence

Page 20: An introduction of New Agent Training and Broker Owner Series at Greater Boston Association of REALTORS

TECHNOLOGYModule Two

Page 21: An introduction of New Agent Training and Broker Owner Series at Greater Boston Association of REALTORS

Key Concepts

• Prospecting

• CRM

• Transaction Management

• Mobile

• Legal /Risk

Page 22: An introduction of New Agent Training and Broker Owner Series at Greater Boston Association of REALTORS

Building a Business

Page 23: An introduction of New Agent Training and Broker Owner Series at Greater Boston Association of REALTORS

BUYER/SELLER LISTING PRESENTATION

Module Three

Page 24: An introduction of New Agent Training and Broker Owner Series at Greater Boston Association of REALTORS

Key Concepts

Pricing/Wants and Needs

Presentation

Handling Objections

Closing

Page 25: An introduction of New Agent Training and Broker Owner Series at Greater Boston Association of REALTORS

MARKETING AND SERVICING THE LISTING

Module Three

Page 26: An introduction of New Agent Training and Broker Owner Series at Greater Boston Association of REALTORS

Key Concepts

• Customer Service

• Activity Plan

• Communication

• Process and Procedure

Page 27: An introduction of New Agent Training and Broker Owner Series at Greater Boston Association of REALTORS

CONTRACT TO CLOSE

Page 28: An introduction of New Agent Training and Broker Owner Series at Greater Boston Association of REALTORS

RISK MANAGEMENTModule Five

Page 29: An introduction of New Agent Training and Broker Owner Series at Greater Boston Association of REALTORS

Key Concepts

• Agency

• Fair Housing

• Lead Paint

• General Risk Management Principles

Page 30: An introduction of New Agent Training and Broker Owner Series at Greater Boston Association of REALTORS

BUSINESS PLANNINGModule Six

Page 31: An introduction of New Agent Training and Broker Owner Series at Greater Boston Association of REALTORS

Key Concepts

• Creating a Mission Statement

• Analyzing your Business

• Studying the Environment

• Setting Goals

Page 32: An introduction of New Agent Training and Broker Owner Series at Greater Boston Association of REALTORS

Some Other Things You Should Know About the Program

Page 33: An introduction of New Agent Training and Broker Owner Series at Greater Boston Association of REALTORS

• There is an Action Plan– Yes that means homework

• There is an “ask my broker” sheet– Questions that come up in class that only you

can answer• They will know more about some topics

than your experienced agents– Agency is always one of topics

• And…….

Page 34: An introduction of New Agent Training and Broker Owner Series at Greater Boston Association of REALTORS

• They need encouragement and motivation!

Page 35: An introduction of New Agent Training and Broker Owner Series at Greater Boston Association of REALTORS

WHAT IS IN IT FOR YOU?

Page 36: An introduction of New Agent Training and Broker Owner Series at Greater Boston Association of REALTORS

Let’s ask Andrea McDonough of the Bushari Group an NAR Thirty

under Thirty recipient

Page 37: An introduction of New Agent Training and Broker Owner Series at Greater Boston Association of REALTORS
Page 38: An introduction of New Agent Training and Broker Owner Series at Greater Boston Association of REALTORS

Sign your agent up today!GBAR.org

Page 39: An introduction of New Agent Training and Broker Owner Series at Greater Boston Association of REALTORS

SOLDSuccessful Office Leadership Development

Page 40: An introduction of New Agent Training and Broker Owner Series at Greater Boston Association of REALTORS

These sessions are designed for :

Broker Owners

Designated Realtors®

Managers

Management Trainees

Page 41: An introduction of New Agent Training and Broker Owner Series at Greater Boston Association of REALTORS

• Address a wide variety of issues • Provide creative techniques to expand

leadership skills, • Inspire productive office meetings, • Focus on business success,

Page 42: An introduction of New Agent Training and Broker Owner Series at Greater Boston Association of REALTORS

• Develop proper business planning, • Manage risk reduction, • Analyze and implement office policy and• Achieve overall exceptional success for

agents and consumers.

Page 43: An introduction of New Agent Training and Broker Owner Series at Greater Boston Association of REALTORS

NETWORKING

• Meet with other Broker-Owners from

throughout the area

• Discuss topics that are specific to your

needs

• Develop a spirit of cooperation

Page 44: An introduction of New Agent Training and Broker Owner Series at Greater Boston Association of REALTORS

SESSIONS

Page 45: An introduction of New Agent Training and Broker Owner Series at Greater Boston Association of REALTORS

Agency Overview

Kicking and Screaming into the New Frontier of Agency - A Broker-Owner’s Perspective on Agency Law

Page 46: An introduction of New Agent Training and Broker Owner Series at Greater Boston Association of REALTORS

• Types of Brokerage Relationships• Agency Law & Your Company• Policy / Legal Issues for Designated

Agency • How agency relationship affect the entire

office• Office Policy Creation• Contracts and Forms

Page 47: An introduction of New Agent Training and Broker Owner Series at Greater Boston Association of REALTORS

Broker vs. Agent: The Great Debate - A Broker-Owner’s Perspective on Agent Relations

State and Federal Laws Governing Independent Contractor/Employee Relations

Page 48: An introduction of New Agent Training and Broker Owner Series at Greater Boston Association of REALTORS

• Broker Oversight• Office Policy Creation• Safety, Open Houses and Brokerage

Accountability• New Agent Affiliation Procedures and

Termination of Agent Procedures• Agent Training

Page 49: An introduction of New Agent Training and Broker Owner Series at Greater Boston Association of REALTORS

Show Me the Money!! - A Broker-Owner’s Perspective on Finance & Protecting Your Fee

Finance and Protecting Your Fee

Page 50: An introduction of New Agent Training and Broker Owner Series at Greater Boston Association of REALTORS

• Handling Financial Disputes / Client Issues • Closing Finances / Anti Trust - MLS Rules• REALTOR Benefits - Cost Savings /

Record Retention • Insurance Information

Page 51: An introduction of New Agent Training and Broker Owner Series at Greater Boston Association of REALTORS

Advertising and Beyond - A Broker-Owner’s Perspective on Communications

Rules, regulations and Ethics of advertising, marketing and communication

Page 52: An introduction of New Agent Training and Broker Owner Series at Greater Boston Association of REALTORS

• “Do Not” Rules• Fair Housing & Illegal Advertising • Truth-in-Lending/Regulation Z • Offering Inducements in Advertising • Compliance with Marketing Regulations in

Web Site • Compliance with Marketing and Disclosure

Regulations in Email

Page 53: An introduction of New Agent Training and Broker Owner Series at Greater Boston Association of REALTORS

Can you or your leadership afford not to attend this program?