Ten Inspiring Quotes on Business Success from Mark Cuban

Mark Cuban is a billionaire entrepreneur, owner of the Dallas Mavericks basketball team, and costar of the hit series Shark Tank. Over the years, he has given consistently smart business advice, and he should know: in 2005, he sold his company, Broadcast.com, to Yahoo for $5.7 billion. Here are some inspiring quotes from the man himself, after a lifetime of business experience and wisdom, both learned and instinctual:  “Know your business and industry better than anyone else in the world. Love what you do or don’t do it.”  “I still work hard to know my business. I’m continuously looking for ways to improve ...

What Clients Really Want from You

This may come as no surprise: nearly 62 percent of buyers and sellers are looking for lower fees when it comes to dealing with agents, according to a Redfin survey of 1,000 respondents. However, this part may surprise you: 22 percent of those surveyed said that low fees actually made them concerned about the quality of the service. From that same survey, buyers and sellers are increasingly finding that they want their agents to be as tech savvy as possible. Of those surveyed, 57 percent said that technology is vital. However, behind that comes yet another surprise: 31 percent of those surveyed ...

6 Takeaways from “How to Win Friends and Influence People”

Long before Tony Robbins and Oprah Winfrey, there was Dale Carnegie. He wrote a common-sense, easy-to-understand self-help book about how to get ahead in business — and in life. He gave the book an irresistible title: “How to Win Friends and Influence People.” It struck a chord immediately, almost single-handedly igniting the self-help industry. And Carnegie’s advice is just as relevant today. The book was published at the height of the Great Depression — 1936 — and was an instant bestseller. In its first year alone, it went through seventeen editions, and sold a quarter of a million copies in just ...

The State of the Commission 2018

In the United States, real estate agents make about $75 billion per year in commission payments, according to mortgagecalculator.biz. The median gross income of realtors® was $42,500 in 2016, according to a 2017 study by the National Association of Realtors®. That’s an increase from $39,200 in 2015. Drilling down to specific statistics are hard to come by; these are national commission percentage averages recorded by Real Trends, an industry consulting firm: 1992 = 6.04% 2005 = 5.02% 2011 = 5.30% 2013 = 5.38% 2014 = 5.18% 2015 = 5.26% 2017 = 5.12% In late 2017, Real Trends president Steve Murray, wrote: “The average commission rate ...

Foreclosure by the Numbers 2018

First, the good news: in Q1 2018, foreclosures were down 19 percent from a year ago, and 32 percent below the pre-recession average of 278,912 per quarter from Q1 2006 to Q3 2007, according to ATTOM Data Solutions, a national property database. Its Foreclosure Market Report shows a total of 189,870 properties with a foreclosure filing during Q1 2018. That has actually increased by four percent from the previous quarter. Here’s where it gets complicated: the report shows a total of 74,341 properties with foreclosure filings in March 2018. That’s an increase of 21 percent from an all-time low in the ...

The Transition to Real Estate Development

You’re already rolling in an entrepreneurial career — transitioning to real estate development will keep you in that creative, self-starting state of mind. You can develop both residential and commercial properties, and you’ll continue to negotiate rates and contracts. Being a licensed real estate agent is already a good first step towards a career in real estate development. This bolsters your experience in the real estate field and the various types of properties that come under development. You’ll also become familiar with price ranges and negotiation nuances. Another great way to get on the development fast track — work with a ...

Seven Worthy Real Estate Reads

Most of us simply don’t have the time to read, but reading these recommended books can strengthen your skills and focus your outlook. A career in real estate is intensely challenging, but also uniquely rewarding; if you open yourself up to advice from experts and apply it to your own journey, you can raise your prospects higher. Here are a few books we recommend: The HyperLocal, HyperFast Real Estate Agent: How to Dominate Your Real Estate Market in Under a Year, I Did it and so Can You! By Daniel Lesniak and foreword from Keri Shull The author claims to have sold ...

How to use Google AdWords in your Marketing

As real estate moves more definitively into the digital age, Google AdWords is an increasingly effective way to market your properties and to reach buyers and sellers who will most likely be interested in hearing from you. Although it’s easy to use, you’ll want to understand how to make the system work best for you. Google AdWords uses two main networks to help you reach your target audience: The Search Network This is where you will find “pay-per-click” advertising (also called “paid search”), in which you can bid on relevant keywords and improve your chances of displaying your ad to ...

Tips on Selling Commercial Real Estate

When most people think of working in real estate, they think of buying and selling houses. Of course, the real estate industry is much more diverse than that. Commercial real estate focuses on the buying and selling of commercial properties, such as office buildings, multifamily apartments, hotels, malls, hospitals and more. The opportunities are endless: you can work as an independent contractor with a general brokerage, open your own brokerage, or get involved in development, construction, project management and leasing. More good news: despite all the economic turmoil and technological change affecting the industry in the last decade, commercial real estate remains ...

Use Video to Build Your Brand and Market Your Properties

Video is consistently proving to be a useful tool for website engagement; in other “words,” for clients to spend more of their valuable time on your site. We’ve all heard the expression, “a picture is worth a thousand words.” According to V. Michael Santoro and John S. Rizzo, co-founders of InVidz, LLC and developers of Vaetas, an online video marketing syndication network, adding a video means you could keep customers engaged for a full two minutes. That may not sound like a very long time, but two minutes is gold when it comes to appealing to potential clients’ deteriorating ...