Real Estate Math Masterclass: Maximizing Your Commission Potential
This comprehensive course is designed to help real estate agents master the math behind setting, tracking, and achieving their commission goals. Through a series of lessons, you'll gain insights into hourly rates, door knocking math, and negotiating commissions, as well as tips for staying motivated and organized.
Course Outline:
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Mastering Commission Math: Setting and Defining Your Income Goals
- Creating a plan
- Understanding the basics of hourly rates
- Calculating and setting your hourly rate
- Factoring in expenses and negotiating your hourly rate
- Adjusting your goal and estimating potential earnings
- Calculating your goal
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Unraveling Door Knocking Math and Revenue
- Understanding door knocking math and revenue
- Calculating door knocking math and revenue
- Analyzing door knocking math and revenue
- Maximizing door knocking math and revenue
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Staying Organized and Motivated
- Tracking progress and comparing to goals for course correction
- Prioritizing tasks and creating a schedule
- Maintaining motivation
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Section 1: Mastering the Basics of Negotiation
- What is negotiation?
- Different types of negotiation
- Preparing for negotiation
- Negotiation strategies and tactics in real estate
- Closing the deal
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Section 2: Negotiating Commission as a Realtor
- Understanding commission structures
- Negotiating commission rates and other fees
- Understanding the contract
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Video Lessons:
- Intro to commission goals
- The listing math formulas behind commission goals
- My math wall: The listing math formula
- The commission math for goal setting
- My math wall: Adding in the commission math
- Summary of goal math & reminders about using this math
- Setting your revenue goal
- Knocking towards your revenue goals
- It's not enough to set a revenue goal, you must work for it
- Consideration 1: Where to farm
- Consideration 2: Where to farm
- Where not to farm: Networking groups
- Module wrap-up
By participating in this Real Estate Math Masterclass, you'll develop a thorough understanding of the various factors that contribute to your success as a real estate agent, specifically in terms of commission earnings. With a mix of video lessons, expert advice, and real-life examples, you'll be well-equipped to set achievable commission goals, track your progress, and navigate negotiations with confidence.