New Agent Blueprint 5
New Agent Blueprint 5
New Agent Blueprint 5
NEXT?
INTERESTED OR COMMITTED?
Unfortunately, the market doesn’t need more part-time, halfway engaged agents,
which means you need to decide if you’re just interested in this career path, or if
you’re committed to it. While this new real estate agent tip can be a hard pill to
swallow, sitting down and determining whether this is truly the right career path for
you can help you gauge your motivations and your story.
Those who succeed in this business are fully committed to doing everything in their
power to succeed and to provide today’s modern customer with a seamless, five-
star experience from start to finish.
One thing you should know right off the bat is that real estate sales has an
extremely high failure rate for new agents. The National Association of Realtors has
reported that up to 87% of agents will not make it beyond 5 years in the business.
You must master the do’s and don’ts of a new industry and adapt to a whole new
set of clients. Additionally, you must learn how to keep up with technological
advances while building your brand - this will continue even after establishing
yourself in the business.
*Another important real estate agent tip for beginners is to understand that
real estate sales are not an “overnight success” type of business. You need to
understand and accept that you’re starting a five-year marathon, not a sprint.
Before you get discouraged, know this: Doing the things outlined in this guide
can accelerate your progress, but it’s still a process. Success in real estate
takes time and disciplined action, so you need to be in it for the long run, not
just for a quick buck.
With that said, you need to find your “why.” Knowing why you’re getting into
real estate can help you stay focused and work toward your goals. You need to
make it personal. What will your success mean to you? Spell it out in great
detail and keep your “why” up and visual to keep you motivated at all times.
CREATE A
BUSINESS PLAN
Every agent needs a plan to succeed. A real estate business plan keeps you
accountable and on track. An optimal business plan for real estate agents
includes firm goals, but it’s also fluid — you’ll want to update your real estate
business plan as you grow and the market evolves.
Here’s what a good real estate agent business plan will show you:
Where you are today
Where you want to be
How you’ll get there
How to measure your performance
When and where to make a course correction
Below is a link to a fillable form to help you build your business plan:
How to Build Your Business Plan.
THINGS NEEDED
TO GET STARTED
1. LIBOR Membership
You will need to complete a LIBOR REALTOR application and email it to
libormem@lirealtor.com. This should be done only after your license goes live. Please copy
brad@joneshollow.com on the email. You will be required to pay your annual membership
fee and and take a LIBOR New Agent Orientation Class. It is this membership that controls
and gives you access to MLS. Membership will cost you approximately $650 for the year.
2. Biography
Draft your real estate bio for your profile. Try to keep the bio under 175 words. There are
thousands of agent bios and examples online (including our own agents) to help give you
ideas. Don't stress over this - we can help shape your bio and make you look a real estate
rockstar.
3. Headshots
Reach out to Nicole Esposito and schedule your headshots ASAP. This will be used on your
business cards and company website. These photos are at no charge to you.
nicoleespositophotography@gmail.com
Nicole's mobile: 631.379.3851
4. Email
You will be provided at no charge with a company email.
YOURFIRSTNAME@JonesHollowRealty.com
5. Business Cards
Once you have your headshot and email, please reach out to ACT Communications to
order your business cards. See attached business card format option to choose desired
layout (photo or no photo). All salespeople are responsible for purchasing their own
business cards. Pay ACT Communications directly.
ACT Communications
631-669-2403
170 Higbie Lane
West Islip, NY 11795
6. Social Media Accounts
Work with our office to get your social media platforms set up and aligned.
We suggest using the same headshot across all websites to strengthen and reinforce your
brand. Consistency is key.
7. Advertising Rules
Get to know the rules and follow them. You now hold a NYS license and you must comply
with state laws and regulations relating to your business. Following these rules may help
you avoid fines or other discipline and help protect the public from misleading or
inappropriate advertising. The Department recommends you evaluate your advertising
periodically.
Since you recently completed your 75 hour course and exam, real estate law and
advertising rules should still be fresh In your head. That said, we have linked a Checklist for
Real Estate Advertising to serve as a reminder. Please note, this list is not exhaustive, but is
intended to cover common issues with real estate advertising.
Typically, you should include people who like and respect you as well as people who know
you as an acquaintance. This could include family and friends, professional colleagues, your
neighbors, your old teachers or professors, or even your plumber and your yoga
instructor.
You may be tempted to exclude some people because you’re hesitant to contact them or
you don’t know them very well. That’s perfectly understandable, but don’t discount any of
your relationships! If you do, you could be missing out on opportunities for new business.
2. Announcement
As a new agent you've got to market to your sphere and get the word out that you are now
a real estate professional. One way to do this is with a new agent letter but it must be done
carefully. You don't want to broadcast to the world that you are "new" which could mean
you lack experience. Draft your announcement. You can find tons of samples across the
internet but here is a SAMPLE for you to review.
5. Make yourself available to go along with any agent that will take you on any real
estate related appointment. This includes listing appointments, buyer consultations,
showings, inspections, appraisals, staging....etc.
First Two Weeks Continued...
6. Sign up for and complete the following Libor Classes:
New Agent Orientation
Learn Stratus (How to use MLS)
Learn Stratus! Search, Share & Add Listings. This is the perfect class offered by LIBOR to
understand Stratus better for greater efficiency. You’ll become proficient in finding listings
using several different search methods, using the results page features and sharing with
your clients and customers the many different reports that are available.
The class also covers how to enter a listing into the MLS system; covering basic rules, data
fields that are required, adding and editing property photos, uploading attachments and
verifying the property’s map location.
7. Learn and internalize the following scripts. The pre-qualifying script, the listing
presentation script and the basic answers to seller's objections. Practice and role play
them 1 hour a day, 5 days a week starting today. Ultimate Presentation Strategy.
The idea behind real estate farming is for an agent to target a local area and become an
expert on everything in that neighborhood, providing top value to their clients. Then,
clients will find value and confidence in your understanding of a neighborhood and flock to
you, instrumental in building your client base and, eventually, your wallet.
With comprehensive knowledge of the recent and past market trends in a particular area,
you will be able to speak to newcomers as well as individuals who have been in the area for
years. You can answer questions by providing insightful answers that instill trust in your
abilities. Clients will work with agents that they trust.
Of course, not only is it important to know the real estate trends, but having knowledge of
restaurants, grocery stores, town ordinances, regulations, events, and so on is
subsequently worthwhile information to be able to provide. People want to envision
themselves living in the area, so it’s important to produce a snapshot of daily life within the
neighborhood.
First Two Weeks Continued...
Farming can be done using a slew of marketing tactics, such as:
Leaving memorable door hangers
Offering eye-catching brochures
Sending timely postcards
Effectively using social media
Attending networking events
Bottom Line
Overall, the ultimate goal is to be the go-to real estate expert in the neighborhood you’re
farming so you can “plant seeds” that will build your reputation and brand awareness. With
farming as your real estate lead generation strategy, you can focus on becoming an
authority in the community. You want people to consider you an area expert and
remember your brand when it’s time to buy or sell real estate. Agents find that, over time,
efforts toward farming in a specific area build upon themselves by increasing referrals and
overall sales. Decide where you will farm.
WEEKS
3-4 THREE & FOUR
1. Get familiar with NYS and MLS Forms and Disclosures
It's Important you are knowledgeable about all legal forms, when to use them, how to use
them and how to complete them. We will review these and practice In training. These
forms and how to complete them can be found In the portal by clicking FORMS.
3. Preview property online or by visiting open houses 1 hour a day, 5 days a week and
see a minimum of 6 to 8 properties per day.
4. Create a schedule. Create immediately a 90 day work schedule that will include, 1
hours of script practice, 2 hours of prospecting, 1 hour of previewing property and 1 hour
returning phone calls and doing lead follow up.
5. Get Comfortable on Video. Nothing connects with today’s consumers faster and more
effectively than video. If you’re camera shy or don’t like the way your voice sounds, take
time to practice and get comfortable. Over time, speaking in front of a camera will become
second nature.
6. Consider Coaching.
Whether you’re a new real estate agent or a pro who’s been in the game for years, it’s not
uncommon to feel uncertain about how to structure your business, grow your lead
database, build relationships, and, ultimately, maximize profits. One common solution to
help with these concerns is to hire an experienced, reputable real estate coach — in other
words, someone who has dealt with everything you’re going through today and can guide
your career in the right direction.
Starting out in the real estate industry is not easy. Many agents decide to hire a real estate
coach to ensure their success. A real estate coach will provide guidance and accountability
when it comes to how to build your business with specific tactics like finding leads,
nurturing relationships, and successfully closing deals.
But it’s important to choose the coach that’s right for you. You must find someone with
experience that you can relate to and will be there for you when you need them.
Tom Ferry
Almost synonymous with real estate coaching these days, Tom Ferry seems to be
everywhere at once. Whether he’s speaking at an event, laying down actionable lead
generation techniques on YouTube, or posting motivational quotes on Twitter, if you’re an
agent, it’s going to be hard to ignore Tom Ferry.
To practice, find a partner you can role play with, such as a spouse, your kids, friends,
family members, and co-workers. Spending just a few minutes a day to memorize your
scripts will show your clients you’re informed and an expert in your field.
We have a range of resources at your disposal, such as our real estate script book that you
can review before any big meeting. Practicing scripts is a great way to build confidence and
hone your skills. SCRIPTS.
On social media platforms like Facebook, Instagram, Twitter, TikTok, and Youtube, you can
show people the business side of you and the personal side. Give them behind the scenes
access, educate them, reveal your personality and sense of humor–these are all ways to
engage with your audience and be more personable.
3. Learn and internalize scripts the For Sale By Owner and the Expired. Practice and
role play them 1 hour a day, 5 days per week. SCRIPTS
4. Keep your mind focused on the following three words .... Attitude, Approach and
Expectations.
7. Keep your mind focused on the following three words .... Attitude, Approach and
Expectations.
9. Grown you sphere. Your goal is to get your Center of Influence file to 250 names as
soon as possible. Continue adding to your file daily.
10. Do whatever it takes to follow your schedule as much as possible at least 50% of this
month.
11. Reflect. At the end of each day, answer these three questions, in a notebook:
What did I do right today?
What do I need to improve on tomorrow?
What are the most important things I learned this week?
12. Begin your Follow Up Boss (FUB) training by taking This guide will walk you through
setting up your account, teach you how to use Follow Up Boss and elevate your follow-up.
Ready to save time and grow your business?
2. Focus on goals. Make sure your schedule reflects the goals that you want to obtain
and do not go off your schedule in these first 90 days.
3. Start tracking your numbers daily, including your days worked, your hours of
prospecting, the contacts that you have made and any appointments you have made, and
any listings taken.
4. Expand your methods of prospecting and increase your contacts to 40 per day.
5. Start using kvCore and be prepared to call your leads several times a day ... ask them
for appointment. Add one hour a day for lead follow up.
6. Start calling each listing and pending that you have, once a week, to update them as to
the progress being made.
8. At the end of each work day, if you have no appointments, stop by and talk to 2 For
Sale By Owners and 2 Expired Listings at their homes.
On social media platforms like Facebook, Instagram, Twitter, TikTok, and Youtube, you can
show people the business side of you and the personal side. Give them behind the scenes
access, educate them, reveal your personality and sense of humor–these are all ways to
engage with your audience and be more personable.
THIRD THIRTY DAYS
11. Make Your Calls
While it might not be the most exciting new real estate agent tip, making your calls is an
important part of the job. An easy way to make calls is by following a simple 3-2-1 plan,
which goes as follows:
3 hours of prospecting calls or other lead generation
Identify 2 leads
Set one appointment
If you follow that plan every day, you’ll be a huge success in this business. However, the key
is doing it daily, not just when you get around to it or feel like it.
12. Appointments. At the end of each work day, if you have no appointments, stop by
and talk to 2 For Sale By Owners and 2 Expired Listings at their homes.
SOUND
ADVICE
1. Read everything there is to know about this industry, the market, managing
yourself, your money, and your time.
They say it takes 10,000 hours to become a master of your craft. In a large market like Long
Island, it takes a lot of transactions to become an expert. Studies suggest that an agent
must sell 75 homes and have truly taken time to learn from his/her mistakes along the way
before he/she can consider himself/herself a master. It takes time, but with a commitment
to your craft, you’ll get there!
4. Protect yourself from the negative nellies, the takers, and the doubters.
You will not survive in the business if the people with whom you surround yourself don’t
support and at the very least keep you from growing.
Why are you getting into this business? Because of the low barrier of entry, or because you
genuinely want to help people and believe you can build a thriving business by doing so?
What makes you different?
Why should someone choose you over the competition?
What motivates you every day?
What are you trying to accomplish?
All of these questions need answers, and you need a compelling story of why you got into
real estate. It might take some soul searching, but it’s important to define exactly who you
are, who you’re for, why you’re doing it, and why you’re better.
Finding answers to those questions will help you build confidence faster, too. And that’s
huge.
I’m talking about studying the MLS on a daily basis so you can develop talking points to
share with your sphere and prospects. You need to know what’s selling, how quickly, what’s
not selling and why, what’s going on with interest rates, and more.
Crime rate
HOAs
Public transportation
Community
Neighborhoods
If you’re a new real estate agent, make studying the market part of your daily morning
routine. And that’s not all you need to know about creating a morning routine. Take this
advice:
9. Work on being fearless.
If you’re doing it right, you’ll be challenging yourself every day – and it’s going to be scary.
But, that’s how you grow and become a better version of yourself ever day.
10. Be prepared to fail. To get rejected. To have people doubt you. To be judged
and criticized. To have people laugh at you.
It will happen. Keep going.
13. Whenever things seem slow or you find yourself in a negative patch, take
action.
Do something to build up your business, another person, or yourself.