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Significant Change Requires Updating Procedures Part 4 of 4

By
Real Estate Agent with Dirt Road Real Estate SA676002000

If you change the way you look at things, the things you look at change.

Wayne Dyer

With all the steps completed or almost completed, this fourth and final part is more about moving forward and planning for the future.

My goal is to have all 13 active listings updated by August 12, 2024.  This gives me a five day window just in case there is a technology glitch or some other unknown obstacle that prevents from securing the desired results.

On August 13, 2024, I will start working on the forthcoming vacant land listings I have in my Listing Funnel which are scheduled to be written and listed on the local MLS by late August or early September. Knowing new documents from AAR were being created and published by the first of August 2024, I had previously discussed these forthcoming changes with my clients about when to list these properties.

Historically, August is a relatively slow month. This year the excessive heat that has restricted potential land buyers from touring vacant land as well as residential properties. Also, the economy and forth coming national elections appear to have contributed to this slowness.

Those clients agreed to wait until the end of August or early September before listing their vacant land properties. Again, the Vacant Land Listing process is already in place, the only change is the using the new documents.

Knowing your real estate market is specific to each state.  Most of my vacant land sales are under $40,000 and with the economy cash is being held onto by many. 

Change, especially significant change, often creates a conflict with existing “attitudes that being habits of thought” (Zig Ziglar). An established internal process (or processes) works with change and helps to overcome those existing attitudes such as:

“I have been selling real estate for 20 years never had to deal with such issues. This is ****.”

(The actual word I heard was to about male cattle and their waste droppings).

This individual, REALTOR®, made this statement at an education class I recently attended. This 3 hour class described the new AAR forms respective to the NAR settlement agreement.

My sense is those who understand the overall sales process, have their own internal processes in place, consistently communicate with their clients and potential clients and adhere to clearly articulate core values such as the Code of Ethics or their own small business “Values Statement,” will experience far less failures than those without said processes and sales skills.  Again, I believe these professional real estate agents have already learned to embrace the words of Wayne Dyer:

If you change the way you look at things, the things you look at change.

Here are the links to the first 3 parts just in case you missed them.

Significant Change Requires Updating Procedures Part 1

Significant Change Requires Updating Procedures Part 2

Significant Change Requires Updating Procedures Part 3

 

#realestate #realestateagent #realestatelife #property #realty #realestatetips

Feature Photo Courtesy of Pixabay.com

Any reproduction of Leanne M Smith’s blog for use by any AI or GAI, distribution or reproduction including but not limited to electronic newsletters e.g. PDF’s Internet sites or physical products e.g. newspapers, CDs without prior written permission and consent by me, Leanne M. Smith (Leanne Hoagland-Smith) is strictly prohibited.

Posted by

Leanne M. Smith, MS, GRI, rCRMS

2018 KGVAR Rookie Realtor of the Year-55+
219.508.2859 MST
Life Begins Where the Pavement Ends
Connect with me on LinkedIn:
http://www.linkedin.com/in/leannehoaglandsmith
Roy Kelley
Retired - Gaithersburg, MD

Thank you very much for sharing your experience and advice.

Keep cool and have a great day.

Aug 06, 2024 05:57 AM
Leanne Smith

Good morning and thank you Roy Kelley 

Aug 06, 2024 06:44 AM
Wayne Martin
Wayne M Martin - Oswego, IL
Real Estate Broker - Retired

Good morning Leanne. Regardless of the forms we must use or the regulations we must follow, the population will continue to buy and sell real estate. The agent who can adapt to change and make it work will survive and those that can't, will not. So, is that a bad thing? Enjoy your day. 

Aug 06, 2024 05:58 AM
Leanne Smith

So true and adaptation with a positive mindset makes that survival far easier. Good morning and enjoy your day.

Aug 06, 2024 06:46 AM
Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

Hello Leanne - the Wayne Dyer quote you chose increases in relevance with this blog series.  

Aug 06, 2024 06:01 AM
Leanne Smith

Yes it does and why I intentionally left it for the fourth and final part. Thank you and good morning.

Aug 06, 2024 06:43 AM
Jeffrey DiMuria 321.223.6253 Waves Realty
Waves Realty - Melbourne, FL
Florida Space Coast Homes

I often here the sky is falling from other agents. I tell them, if the market is down 15% it means 85% of the sales are still happening. We end up losing a bunch of loser agents during that time. I love it.

Aug 06, 2024 06:41 AM
Leanne Smith

I agree the sky is falling happens often to those without a "change mindset"

Aug 06, 2024 06:43 AM
Lew Corcoran
Better Living Real Estate, LLC - East Bridgewater, MA
Expert guidance. Exceptional results.

Thank you, Leanne, for your insightful series on adapting to change in real estate; your thoughtful approach and practical strategies offer invaluable guidance for navigating these challenges.

Aug 06, 2024 06:46 AM
Leanne Smith

You are most welcome and hopefully this series will help those feeling overwhelmed by the current changes in this industry.

Aug 06, 2024 06:47 AM
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

Good morning Leanne,

Good for you! We have to have all our changes made by August 13..they moved the date up on us in Austin. It's fine..we are comparing the different forms that our attorneys at Coldwell Banker created, Texas Realtor and MLS forms that we can choose from. I like choices so we are narrowing down what each of us want to use. As independent contractors we choose! I was at a great session with agents from different companies speaking. It was great and many repeated the same thing..Keep it simple! 2 major things..no compensation in the MLS and you need to have a buyer agency agreement showing homes. We have always used buyer agency agreements, so that is nothing new. Now its incorporating the forms into our best practices and processes and communicating the changes to our old clients and new clients. It's not rocket science! We have this!!

Aug 06, 2024 08:15 AM
Leanne Smith

Yes keep it simple and simplify the explanations. I just read the Consumer Protection Agency stated buyers should not pay more than 2% and not sign any Buyer Broker Employment Agreements. The CEO of this not for profit earned $247,796 in salary (benefits not stated). Steve Brobeck is quoted in this article and he earns $132,174 as one of the executive directors.

Aug 07, 2024 05:12 AM
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

 

The agents who have flown by the seat of their pants and never fully understood in depth what they were doing will be most challenged by the changes.  

And of course, they will see it as bovine fecal excrement. 

Let's say a prayer for the unsuspecting people who hire them. 

Aug 06, 2024 09:42 AM
Leanne Smith

Agreed and wise words again from you Kathleen Daniels, Probate & Trust Specialist Thank you and good morning.

Aug 07, 2024 05:13 AM
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

FEATURED IN CRAP-TACULAR

 

Mr. Crappy Says

Change Can be Good

It is not all

Bovine Fecal Excrement!

💩💩

💩

Aug 06, 2024 09:44 AM
Leanne Smith
Dirt Road Real Estate - Golden Valley, AZ
The Grit and Gratitude Agent

Appreciate the feature.

Aug 07, 2024 05:13 AM
Brian England
Ambrose Realty Management LLC - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

Did I read that right, you have 13 active listings currently?  If so, that is outstanding, congrats to you!  I can see how that would also create a lot more work for you with the new items coming into play.

Aug 07, 2024 05:44 AM
Leanne Smith

Well when I started I had 13, one has cancelled due to days on market and another will be canceling for the same reason. However I spoke with another agent and that agent has 41 listings.  Of course she has been doing this a lot longer than myself. Thank you for the congrats.

Aug 07, 2024 05:47 AM
Endre Barath, Jr.

Brian England  I have ten listings one in escrow, and one privately marketed... that is the life of a land seller:)Endre

Aug 07, 2024 10:24 PM
Endre Barath, Jr.
Berkshire Hathaway HomeServices California Properties - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Leanne Smith  my take is the weak will fall to the wayside.... people need to realize to work with a seasoned realtor you need them to get paid.... inexperienced agents will move to fast food restaurants and work there... just my two cents, Endre

Aug 07, 2024 10:22 PM
Leanne Smith

And as consistent your two cents is worth a lot more to newer as well as experienced agents along with potential sellers and buyers. Good morning and thank you.

Aug 08, 2024 05:32 AM
Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC
The RIGHT CHARLOTTE REALTOR!

What a wonderful series you've penned here, Leanne! I have enjoyed all 4 of them and again, like you, having these conversations with our clients before we had to was a wise exercise, I believe. It has made my transition seamless. Now if I can only get agents to answer their phones with regards to the question my buyers have, "Will your sellers pay my agent's fee as I just did?!" 

Aug 08, 2024 10:32 AM
Leanne Smith

Thank you and still waiting for a call to scheduled a tour. The buyer decided to look elsewhere since then.

My sense is some of these agents are hoping for dual transactions so they don't have to potentially lose any compensation. This can be one reason why returned calls are not happening. This may sound cynical yet quite true about human behavior.

Aug 08, 2024 10:45 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Leanne, it was nice seeing your face, you have been missing in the Rain, hope you are busy.   We have had to make quite a few changes lately to comply with new rules.

Aug 22, 2024 06:31 AM
Leanne Smith

Thank you for missing my face. The last 30 plus days have been beyond crazy between the changes, updating existing listings and dealing with new listings as well as purchases contracts.  The AZ Assoc. of REALTORS has updated many of its forms, created new ones and obviously increased the learning curve.

Aug 22, 2024 08:20 AM