By Rob Mehta
Recently, I attended one of the most “unique” YPN events I have ever attended. Quite simply, it was the “World’s Largest Tuesday Morning Sales Meeting.”
Drawing a crowd in this industry is no easy feat, but when a group of Midwest minds with moxie got together, they were determined to attract more than just a couple people. Thus was the birth of the “Biggest Tuesday Sales Meeting EVER,” a free education event in June that drew a whopping 430 attendees. It was created by the Metro YPN (Young Professionals Network) of the Saint Paul Area Association of REALTORS®.
Success of this event, like so many others, relies heavily upon the shoulders of the chosen speaker. SPAAR’s Metro YPN invited Travis Robertson this year, and he continued his long streak of dynamic, informative presentations. Robertson spoke about the world’s top agents and their marketing techniques, citing specific examples. He had attendees laughing, hugging, and asking a plethora of questions.
SPAAR’s Metro YPN consists of Continue reading »
By Dave Robison
How many times have you heard it? You are your very own business owner in real estate. You are an independent contractor, you incur and write off expenses, you spend your own marketing dollars and you work your own hours. You own a business.
It definitely sounds like a business.
Years ago, I was convinced I had a business, but what I realized was my business was really a job — it was unprofitable and I couldn’t sell it. It was unprofitable because I was paying myself all the money it made. I couldn’t sell it because if someone bought it they would have to hope my friends and family would use them as a REALTOR®. Also, who was going to buy my business when what they’d really be buying is a job. Who wants to buy a job?
Why is it not a business? Because it was missing 3 things.
Here’s the difference between a job and a business: A job is when you have to do the work yourself to get paid. A business pays the employees market wages while giving owners a 10-15 percent profit off of gross revenues. A business allows the business owners to be able to go on vacation and not have to answer sales calls. A business should be able to be bought or sold. It would be nice to sell your company and retire, right? Or maybe you want to stay involved after retirement but pay someone else to run your business operations. How many agents do you know who truly have a business or can sell their business? I would say it is extremely rare in our market.
So, you want to own a business? Here are the three things that will transform your career/job into a saleable business.
1. In order to sell a business you have to pay yourself a market wage and make a profit. Continue reading »
By Rob Reuter, YPN Manager
YPN has hit another milestone. On Thursday, Aug. 8 2013, the Punta Gorda-Port Charlotte-North Port Association in Florida confirmed the formation of their Young Professionals Network becoming the 300th network of YPN.
In addition to establishing its 300th network, YPN also achieved the following milestones in 2013:
- More than 150 NAR Committee & Advisory Board positions are filled by YPN members, including nine chair and vice chair positions.
- 23 YPN members will be 2014 presidents of their local association.
- 170 YPN members are RPAC Major Investors so far in 2013.
It’s amazing how far YPN has come in such a short amount of time. But we need to keep going! In an association where the average age is 57, and only 11 percent of total membership are under 40 (according to NAR’s 2013 Member Profile), there is a need for the network to introduce future association leadership and involvement opportunities.
By Sam DeBord
The National Association of REALTORS® recently voted to approve updates to its operating agreement with realtor.com® and allow more flexibility for the Web site. There has been a wide range of reactions from REALTORS®. This blog is part one of my five-part series in which I will discuss the propriety of the agreement.
Let’s start with some background: NAR does not own the Web site. It merely owns the domain name, realtor.com®, which it has licensed to Move, Inc. to operate. Many discussions center on this issue still today. This agreement started in the mid-90s. Whether or not some members liked it, it is a 20-year old moot issue. NAR only owns about 2.5 percent of Move, Inc. They are merely a marketing partner with whom REALTORS® have regulatory clout because of our ownership of the domain name.
The new agreement between NAR and realtor.com® approves four major changes:
- Display unlisted new homes and new-home communities.
- Display unlisted rentals.
- Obtain listings from entities that are not REALTOR®-owned and controlled, as well as from brokers who are not REALTORS®.
- Identify properties where a notice of default has been recorded, auctions of distressed properties, short sales, foreclosures, and bank-owned properties. (Listing brokers will have the option to opt out by calling the realtor.com® customer care center.)
Individual consumer FSBOs remain precluded from the site, and the changes will be implemented in a way that preserves realtor.com®’s accuracy advantage, according to Move executives.
NAR directors are members—not some faraway body of executives. Continue reading »