Latest / Mortgage Marketing Radio / The #1 Sales Mistake Your Making That's Costing You $$$
Transcript
- 0:00Hello, my friend. Welcome to this episode of the Mortgage Marketing Radio podcast. I'm really
- 0:15excited to bring my special guest to today's conversation. And if you just happen to be a real
- 0:21estate agent who is listening to this podcast because your mortgage partner shared this conversation
- 0:28with you, I want you to thank them after you listen to today's conversation. The reason why they
- 0:32shared this conversation with you is because they want to pour into you and help you succeed
- 0:38in today's market. And this is just one way that they're demonstrating their commitment to helping
- 0:43you succeed is by sharing this conversation with you today. So please let them know that you
- 0:48appreciate the sharing of this conversation and then get with them about some of the ideas that are
- 0:52shared with how you can partner up and execute on some of these ideas and strategies to help
- 0:56you both succeed collectively in the market in 2025. So this week my special guest is
- 1:03Sharan Sivatsa, president of Real Brokridge. He joined Real in December 2022 and since then the
- 1:10company has taken off like a rocket ship. Here's some key highlights since Sharan joined the brokerage.
- 1:15It's increased the number of agents by more than 200% going from around 7,000 agents to I think
- 1:22it's upwards of 25,000 agents now at this point. Real brokerage moved up from number 11 and number
- 1:27six in the 2024 Real Trans verified brokerage rankings by transaction sides. Real is now
- 1:32recognized as a top 20 brokerage with over 21 billion in sales and despite industry challenges
- 1:38in 2024, Real Brokridge saw an enviable growth in its share price, reflecting strong financial
- 1:44performance and investor confidence. What Sharan brings to the table is an emphasis on the importance
- 1:50of comprehensive training programs, revenue sharing models and innovative technology solutions.
- 1:55As you'll hear in today's conversation, Sharan believes that one of the key areas that agents
- 2:00need to get better is in skills, skills around dialogue, skills around marketing and technology,
- 2:05and today's session is a clinic on fast, fired, rapid pace ideas for you to start implementing
- 2:13in your business today to start to capture more market share and start to have more conversations
- 2:18so you can have more transactions. And so without further ado, and by the way, if you want to
- 2:23connect with Sharan, make sure you check the links in the show notes where you can follow him on
- 2:28Instagram, check out his YouTube channel. There's a ton of content that Sharan puts out there that's
- 2:33just free training for you to become a better agent or a mortgage professional and I encourage you
- 2:37to check out the links in the show notes to connect with Sharan and learn more. So without further ado,
- 2:42let's get into this week's show. Sharan, welcome to the show. Jeff, thank you so much for having me.
- 2:47I just want to say this before we get started is a lot of people don't realize how much effort this
- 2:52takes to get the gas on, to think about a show, to research them, and then package and deliver both
- 2:59in conversation and post-production to get it to folks so that they can consume like a good 30-minute
- 3:04worth of like package knowledge that they can use for their lives and their careers. So could
- 3:08us do you, man, for taking the effort to put all this together? I know a lot of people appreciate it
- 3:12and so do I. Appreciate that very, very much. It's a labor of love is what it is.
- 3:16Started eight years ago over 350 episodes now, so I must be enjoying it at some level.
- 3:23Okay, so let's just jump right into it. Here we are. It's basically February 3rd, 2025.
- 3:29You know, I've been using this term transaction recession. You obviously are very up close and
- 3:35personal with the general vibe from real estate agents in mortgage as well. How would you
- 3:41ascertain? Let's just take that term transaction recession. How would you respond to that? What would
- 3:45be your take of the current state of the housing or real estate market? Yeah, so I think whenever you
- 3:50analyze anything today, you want to give it some context, otherwise you don't really know what to
- 3:56compare it to, right? And so if we, what we know what happened recently and that would be kind of
- 4:02like during the pandemic timeframe was we were in a momentum-based market. The consumer was
- 4:07moving faster than the agent was and so we, the agent was reacting and responding to whatever was
- 4:13happening to the momentum that the consumer was generating. Made a bin, a chance to move away,
- 4:18made a bin, a chance to work remotely, made a bin a chance because they got some liquidity in
- 4:22their house or low rates or whatever. It created this momentum-based market. When that momentum-based
- 4:27market changed, the agents didn't know what to do, per se. And so it quickly turned to a skills-based
- 4:34market. And a lot of people are unwilling to accept that a skills-based market exists because
- 4:39the average everyday agent assumes that they have the skills to run a transaction. But the problem
- 4:45with having the skills to running a transaction is you have to be in constant practice of having
- 4:48the skills to run a transaction. And when you're in a momentum-based market, the skills of running
- 4:52the transaction dramatically reduces. You're just reacting to whatever the consumer is asking,
- 4:56the market's moving fast. You have like 70 closes. Everything is accelerated. And I think what
- 5:01happened in the, like the two years of the pandemic is an agent, the everyday agent forgot to be
- 5:06everyday agents. That's what happened. And then when the, when the slowdown in number of transactions
- 5:12hit, which is what you're calling a transaction recession in a lot of ways, you know, we have,
- 5:16today we have roughly 1.5 Asian million agents in the United States called licenses. We have less
- 5:20than that in active inventory. So you have less than the number of active homes for sale that the
- 5:25number of agents have. And what does that mean? That means that, oh yeah, we see agents saying, oh,
- 5:3070% of agents didn't do a deal in the last 12 months. Now, that is not a surprise. Like it's
- 5:35interesting that agents think that that's a surprise, but that is not a surprise. What is important
- 5:39here is the other 35% that actually did the deals. What made them better? And the everyday agent
- 5:45is unwilling to accept that their skills made them better. And when I say skills, and here's
- 5:50what I mean, is the, is the ability to talk to a client? Is the ability to actually have a
- 5:56conversation to get them from maybe to a yes? Is the ability to solve a transaction creatively?
- 6:01Is the ability to actually work with a lender partner and not look at them like a vendor? Small
- 6:05things like that are big deals here. And I think our everyday agents have lost their skills. So
- 6:10if we can just go, and here's the word that I hate, Jeff, like the whole back to basics,
- 6:15if anybody says back to basics, you just want to punch them. Because no, I'm dead serious,
- 6:20because back to basics means going back 30 years and doing what they did then. That is terrible,
- 6:26because 30 years ago, 20 years ago, 10 years ago, four years ago is not what we have today.
- 6:31Right? The back to basics conversation is said by coaches and consultants who have never talked
- 6:35to a client in their lives. That is what back to basics is. It is a smart thing for them to say to
- 6:39make agents feel better about themselves, make loan officers be better about themselves.
- 6:42Back to basics is terrible. What we want is sharper skills. In today's environment, the average
- 6:48consumer knows more than the average agent. How do we have a better skill? And I'll give you an
- 6:52example, right? Because your audience likes this. The number one thing that agents will do is we'll
- 6:58say they borrowed the skill from run random script book from some random coach that says,
- 7:03oh, Jeff, have you ever had any thoughts of selling? Like, there cannot be a dumber thing to ask
- 7:09anybody. And the reason is this, right? I'll tell you, my next door neighbor is a life insurance
- 7:13agent, right? And he said to me, he's like, hey, Sharon, I had a bunch of agents come by a knock on
- 7:17our door and they asked me a question. I said, what? They said, well, they said, hey, knock knock,
- 7:21have you ever had any thoughts of selling? And I said, well, what's wrong with that? You know what he
- 7:24said? He goes, well, that's the dumbest question ever. I said, why? He goes, well, that would be like
- 7:28me, Sharon, walking up to your door and say, knock knock, have you ever had any thoughts of dying?
- 7:33Right? And the reason is nobody says, have you ever had any thoughts of selling? Because some coach
- 7:38who's never actually talked to a client in their lives actually told a person, oh, I'm going to
- 7:41ask this, nobody wants to be asked the question, have you ever had any thoughts of selling?
- 7:44Because it's two things, one, it's sleazy and two, it's leading the witness. Instead, what do you
- 7:49ask? That's what I mean by having bad skills. Instead, you ask this, you say, I call this the
- 7:54game plan frame. And you say, hey, Jeff, has anyone taken the time to sit down and walk you through
- 7:59what it takes to sell a home in today's market? Now, that is skill, right? So I'm asking,
- 8:05has anyone taken the time to sit down and walk you through what it takes to sell a home in today's
- 8:08market? Now, if you said, oh, yeah, my cousin is an agent right here in Orange County and he laid
- 8:14out a great plan for me. Now, that makes sense. That's cool. So now I know that I have no shot at this
- 8:18business at all. But instead, if I say, have you ever had any thoughts of selling, that's dumb.
- 8:22So while somebody thinks that that is skill, it's not. And that's the difference between the 35%
- 8:27of the agents that are winning and the 70% of the agents that don't have a deal right now.
- 8:31Wow, that's awesome. That's a lot in there. Do you think that technique of the door knocking
- 8:38and using that phrase is trying to play the numbers game of just catching the right person at the
- 8:43right time? Well, think about this for a second, right? When we are in JV sports, numbers make
- 8:51sense. You're like, hey, I tell my son, hey, dude, you're playing hockey. Take as many shots on
- 8:57goal as you want and one of them will go in. That's JV, right? If you place in the NHL and he has
- 9:02200 shots on goal and he makes one goal, he's going to get kicked off the team. So again,
- 9:07I actually think brokers, owners, managers, coaches and consultants are the entire reason why agents,
- 9:12like everyday agents don't get support. It is my fault. It is my fault. I am taking responsibility
- 9:17for this. And the reason is this, right? The fact that we think, the fact that we have been taught
- 9:22that sales is a numbers game is a lie. Because what it says is, hey, you just put in more effort
- 9:27without any skill and eventually, you know, even a, even a blind squirrel finds an acorn,
- 9:32right? Like, that's not the answer, right? The answer is, imagine this. Why does, why do you like
- 9:37Steph Curry? Why? Why? Because because his efficacy is efficiency ratio is so much higher.
- 9:41For every 10 shots he takes, he makes nine. That's why. So we don't, people don't realize this.
- 9:47We, as the world gets smaller and as more information, as the consumers have more information,
- 9:52you're going to get less at bats. When you get less at bats, you're going to start to
- 9:56paying higher cost for lead. A higher cost for leads means more cost for conversations.
- 10:00It means you have to talk to more people. So if your skill is not good enough, you're,
- 10:03guess you're going to say, well, I talked everybody in Facebook lead suck. Well, that's not it.
- 10:07You just don't have good skill. So I'm a big proponent of not saying, oh, you know, it's a numbers,
- 10:13it's not a numbers game. It's a skills game, right? If you and I went into the marketplace,
- 10:17I can don't knock four doors and get 12 deals. I say it again, I could don't knock four doors and
- 10:21get 12 deals, not four, right? That is the skill. And so if agents can switch their mindset and say,
- 10:26wait a minute, how can I turn one opportunity to? How can I turn the game plan from? So I'll give you
- 10:31a really great example. So a lot of people will say, I talked this game plan from yesterday to a
- 10:35bunch of agents. I said, hey, has anyone taken the time to sit down and walk you through what it
- 10:38takes to buy a home in today's market, right? And then they'll say, well, not really. Now, most
- 10:43agents don't have the skill on what to do next, right? So now what you've asked a nice soft question,
- 10:48what is the next question? The next question is called a when then frame. Or like you say this, hey,
- 10:52hey, Jeff, why don't we, right? It's called a why don't we so that? Hey, why don't we get together
- 10:57for a cup of coffee, right? And before your coffee gets cold, I will walk you through the seven or
- 11:03eight things that are actually are important in buying a home in today's market. Now, what have I
- 11:07done? Why don't we get together? Incidentally, you're like, man, I don't want to get together with you.
- 11:10It's going to take two hours, blah, blah. No, before your coffee gets cold, that means it less than seven
- 11:14minutes. I'm going to walk you through that. Now, what does it do? It dramatically takes away all
- 11:18objections, right? Small little things on skill changes the ability for you to get more appointments. So
- 11:23if I get to an open house and 20 people came into my open house, and I'm able to sell set 20
- 11:28or 20 appointments versus the everyday agent that's like, I need more open houses, I need more open
- 11:32houses. Like, yeah, dude, you got 12 open houses and you said one appointment. Like you suck.
- 11:37Right? But no one taught you the skill because he just told you that you need more ad bats and more
- 11:41effort and it's a numbers game. And so you con yourself into believing that your lack of skill and
- 11:46the market's changing is what's not getting your results. But you never want to focus on one, two,
- 11:50three things of skill that can get you better results. What I heard a lot of in there in terms of
- 11:54like there are different skills and the one you're kind of hitting on right now is language,
- 11:58right? The ability to use language in an effective way. How do you recommend, because it's funny,
- 12:04I would agree with you there that a lot of people are not skilled with language. But any recommendations
- 12:09for agents to get better at that? Yeah, totally, right? So here's an interesting thing. I actually think
- 12:16scripts are good, but you have to check the source of who wrote them, right? So most of our
- 12:22script books today that exist in our marketplace, most of them, especially the popular ones, Jeff,
- 12:28were written by somebody 49 years ago, who's crusty old right now, who's never talked to a client
- 12:33in their lives, right? Like no, no, it's the truth, though, right? That's what I know. That's why I'm laughing,
- 12:38because I'm getting a visual in my mind of some of these people. And I don't, I actually think they
- 12:43mean well, I think they have really good intentions. But I was in an 11.5 million dollars thing
- 12:48appointment yesterday with one of our agents, right? I'm handling the objections day to day,
- 12:51I'm not saying I'm amazing, but I'm just saying I had to learn very quickly because otherwise my
- 12:55agents, I have 25,000 agents, my agents lose trust in me as the ability for me not to have the
- 13:00modeling skill to help them, right? So here's how you get better on the skill. Number one is
- 13:07want to check the source of where you're getting this information from. If that person has not
- 13:12talked to a client in their lives, then I would, I would be a little wary of getting,
- 13:16I woke up in the morning and I wrote a skill on an expired, like that's dumb, like you
- 13:22shouldn't do that, right? The second thing is a lot of people don't realize this, but if
- 13:28if they, if you're an everyday agent listening to the show, you should go back and listen to my
- 13:32scripting. When I started scripting, I changed my tonality, right? So it's not what you say,
- 13:37it's how you say it. So I could say, hey, hey, Jeff, has anyone taken the time to actually walk
- 13:44no, right? I have to, it's an empathetic tone. Hey, Jeff, I don't, I don't start her by the way.
- 13:51Has anyone taken the time to sit down and walk you through what a truly takes to buy home in
- 13:57today's market? What am I doing? I'm, I'm manufacturing safety, right? Tonality is super
- 14:02important. You're performing a little bit actually. Of course, right? And so the second, the second
- 14:07thing is to kind of think about tonality, like if I'm saying something, it is not what I say,
- 14:14like I, it's not what I say, I have to figure out what is the core emotion that I have to deliver
- 14:19in this. Right. So I'm delivering empathy and safety. Hey, has anyone taken the time to actually
- 14:24do this for you? And then I'll say, hey, would that help you? Would you possibly be interested in
- 14:29like walking through what the plan may look like so that it could help your family? Yeah. And so,
- 14:35yeah, I want to jump in here for a second, because I'm curious. That's actually the word I was
- 14:40going to use. What I'm hearing in your tone is curiosity. Sure. And I'm wondering this gets
- 14:46maybe a little deep psychologically here, but the degree to which the agents who succeed with
- 14:52dialogue of actually having some natural curiosity and empathy versus, oh, I've got to use a
- 15:00script that makes it sound like I'm curious. You know what I mean? Like the best people, the best
- 15:04communicators are ones who are just coming at it right from the heart and being naturally curious.
- 15:08Would you agree? 100% and he's the interesting part, Jeff. You even did it right then. You said,
- 15:15would you agree? Right. You had the curiosity on whether I agreed or not. Right. But the crazy part
- 15:21here is as soon as somebody hears what may be written as a potential objection, they instantly go
- 15:27to an objection handler. Right. Right. Instead. So I'll give you an example. Yesterday, the client set
- 15:31to us in the appointment, $11.5 million. He said to us, he goes, so Sean, I heard that
- 15:37we don't have to pay commissions anymore. So I can instantly go to a commission handling objection
- 15:42in my head. But instead, what did I do? I said, how do you mean? That's it. Right. How do you
- 15:50have no idea how he heard or what he heard? No, no. So now he has to validate to me what he heard
- 15:57so that I can have enough information to actually solve the objection. Most people take the
- 16:02objection and they're like, hey, I need to solve the objection. This is an objection handler.
- 16:06They let them give you all the information so that you know what objection to solve. Most agents
- 16:11will approach things to solve objections without knowing what objection they're trying to solve.
- 16:15Most of the time, it's not even an objection. It's just an unanswered question. And so number one,
- 16:22figure out the source of who wrote the script. Number two, figure out what emotion needs to be
- 16:26delivered around that. And number three, when you read the script and it feels awkward,
- 16:33if it feels awkward, it is. That's it. Right. You're going to be awkward to deliver.
- 16:38I'll give you an example. If you feel like someone says, oh, this guy actually said this to me when
- 16:43I was in, he said, oh, I need to think about it. Well, why didn't we think about it together?
- 16:46Two, two heads are better than one. I'm like, are you an idiot? Who says that? You will tell your
- 16:51grandmother that? And that's the test, right? The test is, would you tell your grandmother that?
- 16:57If you will tell your grandmother that, then it's okay. Because then you know that you have enough
- 17:01softness and rapport in this entire conversation. So the third is, if the script feels awkward,
- 17:06it is. A lot of the time people will say me, oh, Sean, you know, I have imposter syndrome. I'm like,
- 17:10you have imposter syndrome because you are an imposter. You don't deserve it. Like what are you looking
- 17:15for? Like making you feel better? No. So I always ask them, like Jeff, so Jeff, for example,
- 17:19do you feel like you're an imposter being a podcast host? No. I'll tell you why. Because you have
- 17:25over 350 episodes. Then you've stacked the proof in your favor that you are who you say you are.
- 17:31Right. Right. That's why you don't feel like an imposter. But I will ask you this. Three episodes
- 17:35in. You're like, you felt awkward. You had no proof to stack evidence in your favor that you
- 17:43are who you say you are. Now, if an agent is soft kind and emotionally well scripted,
- 17:49they don't have to worry. They're not imposter because they just want to have a thoughtful
- 17:53conversation in service of the client. And so if they have that, they're not reading off of
- 17:57a script, but they know that it's not awkward and so super easy. And that's why all of this is easy.
- 18:01Like I was on the, so after the appointment yesterday, Jeff, this listing appointment,
- 18:05the agent said to me, he's like, bro, why do I, when I go on appointments with you, why don't we
- 18:10get any objections? I'm like, because I have a conversation. I don't try to solve an objection.
- 18:15I don't try to crush an objection like you're from stage. Like I'm just saying, how do you mean?
- 18:19Oh, you're curious about that. So like the guy said to me, he goes, well, the other agent said it
- 18:25was worth that he could get a, he could get a 13 million. And I said, huh, why not 14?
- 18:31But like, that's the truth though. That's the truth. Right. And I'll give you the zinger and
- 18:36all of this, right? So a lot of agents right now are worried that other agents are buying the listing,
- 18:44right? And, and, and, and, and, which is, which is okay because right now when you, when there's
- 18:48lower in, by the way, everyone needs to understand this. When there's lower listing inventory, agents
- 18:52would rather accumulate listing inventory. They were rather just call, by the listing, called the
- 18:57higher price and just take the listing. But we also know that it's not healthy for the homecoming
- 19:02on the market and the process, et cetera. So literally, I told him this yesterday, I said, hey,
- 19:06Mr. Mrs. Client, would it be okay if I shared something with you about the real estate industry?
- 19:10And they said, sure. I said, in the real estate industry, we have an inside baseball term that we call
- 19:15buying the listing. Let me explain how this works. The agent will tell you a higher price than they
- 19:20can, that can actually get to get you to sign the listing. We call that buying it. And then,
- 19:24when they're inside the process with you, they'll get you to negotiate down. Now, you may not know
- 19:29this, but since you're in a contract period, you can't really do anything. So you're in a stalemate.
- 19:33Either you reduce the listing and they do more marketing or you don't do anything and it just
- 19:36sits on the market and it leaves you in a tough situation. And they're like, huh. And I said,
- 19:40may I give you a way to protect yourself? What do you think they said? Of course. And I said,
- 19:45this is really simple. Did Jimmy tell you that he could get you 13 million? Yeah. Well, you should
- 19:49call Jimmy and tell him this. You should say, hey, Jimmy, we are open to going with you on the 13
- 19:54million. However, we have one condition. If during the term of the listing, you ask for a price
- 19:59adjustment, the listing is automatically canceled. This is what you call skill, right? Most agents
- 20:05don't know that because now they think that they have to get in the appointment and and and refute
- 20:10Jimmy the agent's credibility on why Jimmy doesn't know what he's doing or how he think you can't do
- 20:15that. If you know that they're buying the listing, now I'm giving the client a chance for me to
- 20:20protect them. Now, whatever happens in that transaction, I am the star. I either get the listing
- 20:26or I don't get the listing and they love me anyway. And if they don't get the listing, it's not
- 20:29going to sell. I'm going to get it anyway because I looked out for protecting them, right? Small
- 20:33little things like that. No one teaches because they've never talked to a client in their lives.
- 20:37Yeah. That's savvy is what that is. That's experience. Yeah. Exactly. Right? Yeah. I love that.
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- 22:04today. Okay, so the first big takeaway is language. Get skilled at the ability to speak to other
- 22:11people. Be empathetic, be curious. It's kind of what I jotted down there. Obviously understand
- 22:16your industry so you can sound smart as well. And this whole turn back to the basics.
- 22:26Does that mean you're not implying? What pops on my head is this other kind of catchphrase,
- 22:30which is conversations leads to contracts. That's ultimately what we need to do. It's
- 22:34be having conversations with people. Let's talk about that. So all conversion happens in
- 22:41conversation. I'm a full believer that that's sales 101. However, here's the fundamental thing
- 22:47that's broken in our industry, which is people think branding drives conversations. People think
- 22:54me saying, hey, Jeff and Sharan are number one, that drives conversations. It doesn't. So they say
- 23:00the just listed postcard, for example, like just list is good. However, you've taken a what you've
- 23:05done for 100 days and you've combined that into two words just sold. And so it doesn't show proof
- 23:12on what you did. So my suggestion around all of this is there are two types of marketing. Marketing
- 23:18makes sales easier, 100% agree. But there are two types of marketing and we have to be very clear
- 23:22as to which type of marketing we're using. If we're using brand based marketing, we're trying to get
- 23:27our word out there. People get to know who we are. It's just awareness. But to get a response,
- 23:33we have to use what we call direct response marketing. We need to create a response from them in
- 23:38some way so that we can start a conversation. And all conversion happens in conversation, right?
- 23:42So is there something that we're saying? So putting your phone number on a bus bench does not
- 23:47start a conversation. Because as I'm driving, I'm not looking and picking down your phone number.
- 23:52Right. That makes no sense. So the bus bench is actually a branding tool not a direct response to.
- 23:56If everybody took away all their phone numbers from bus benches, they actually will get more phone
- 24:00calls. I'm dead serious, right? Because if I said, hey, if I said the resident agent, like the
- 24:10resident agent resident investor and resident dad in Orange County, California, and I put my face
- 24:14on the bus bench, now what did they remember? Resident agent resident dad resident investor.
- 24:18Now the next time I run a Facebook ad or I send them an email or they come to an open house,
- 24:22now they're like, wait a minute. You have already pre-framed who the brand is. Now I can run a
- 24:26direct response campaign. Most agents don't have the ability to run a direct response campaign.
- 24:30For example, every agent should send this. They should send an email to their database. So they
- 24:35should look at their past their old open house registries. By the way, lender, letter partners can
- 24:40totally help with this process. They should get their old open house registries called from 10 weeks,
- 24:4420 weeks, 30 weeks ago. And they should sit down at Starbucks and with a cup of coffee because they
- 24:49don't have to talk to anybody. And they can look at the name. It says Jeff and they have a phone number.
- 24:54And they should literally text you and saying, are you still interested in buying a home in
- 24:58Orange County? Question mark send. That is direct response. Because now that text forces a response
- 25:03to start a conversation. Now one of three things can happen in that text, right? Number one is
- 25:08you can get and everyone's and the reason people don't do direct response is because they're not
- 25:14skilled as to what may happen with that direct response. So if I send that text to you and I say,
- 25:18no name, nothing. If I just said, are you still interested in buying a home in Orange County?
- 25:21Question mark send. You can do one of three things. One, you respond with who is this? Because
- 25:26you have no idea who this is. And what agents do is they freak out, right? Instead, all you have to do
- 25:31is to say, hey, this is Sharon. We met at 123 Real Street. And by the way, consumers don't know
- 25:37addresses. Only agents and consumers know all these that. They don't, right? The one with the big red
- 25:41door. Now they remember, right? And then you put a picture of yourself as selfie. And then you
- 25:45ask the question again, are you still interested in buying a home in Orange County? If you don't do
- 25:49that, then you don't have the ability to start a conversation. So that's what, so now they know,
- 25:53hey, if they tell me who are you, I have a very clear response to that, to that framework, right?
- 25:59Here's the second thing that can happen, right? They can say, yes. Are you still interested in buying
- 26:05a home in Orange County? Yes. But who is this? There's a big difference that that's called variable
- 26:09change. They have said, yes, they're still interested. But they don't know who this is. Now you say
- 26:13the exact same thing. Hey, it's the Sharon. We met at 123 Real Street. The one with the big red
- 26:17door picture. By the way, since you're still looking to buy a home in Orange County, has your
- 26:21criteria changed? Because now I respond to the yes. Again, I generate the conversation. The third
- 26:27is they just ghost you, right? They don't say anything for two days. Then what do you do? Well,
- 26:31it's really simple. You take a picture of a expired cancel withdrawn, make me move pocket,
- 26:36whatever. And you send them a picture of the home, just the front picture. And you say, hey,
- 26:40this is one of the homes that recently that we're looking at for our clients. That is off-market
- 26:45parentheses, not on Zelo, right? Are you still interested in buying a home in Orange County?
- 26:49Now it shows proof that you have access to something that they don't have access to that generates
- 26:54a conversation. Small little thing that can generate a conversation. So people now can use
- 26:59this transaction famine as we're calling it, but drive more results by generating direct response
- 27:04conversations as opposed to saying, look at me. I'm number one. Look at me. I just so look at me
- 27:08all of that because all of that goes to the trash. Jeff, I actually talked to an agent. He said to
- 27:12me, he's like, Sean, I send out like a 2000 postcards on EDDM. And I'm like, good job, bro. He's
- 27:17like, my goal is to ensure that when the consumer holds it and they're walking with my postcard
- 27:23on the way to the recycle bin, they remember my name. I'm like, bro, you know that your postcard
- 27:27is so terrible that they're going to trash it, but you send it anyway to make yourself fail better.
- 27:31It's got no direct response to it at all. And you know, what he says to me, he's like, what would
- 27:34you do differently? I said, this is what I would do. I would set a blank postcard with a QR code
- 27:39and an arrow that says, this could change your life. They'll scan the QR code, it goes to your video.
- 27:43Now they're actually watching the video because they tactically engage with their postcard because
- 27:46that is direct response. They respond it to something that you send as opposed to walk to the
- 27:51trash can and you play EDDM for that. And you think that your coach said that's a good idea.
- 27:55Wow. Because they're playing the exposure game, right? Repetition over time and all that kind
- 28:00of stuff and yeah, top of mind awareness. So you just showcase a second skill. We talked about
- 28:06the ability to dialogue and converse and things like that. But the second skill, I put that
- 28:10under the category of like modern selling. The ability to leverage, you know, to grab this thing,
- 28:15the phone that I'm holding up, which I often say like learning to use this video, et cetera,
- 28:20you just demonstrated a texting example, but this is a new skill. Learning how to use this, right?
- 28:24And I think there's this gap, which you referred to earlier, that we haven't caught up with.
- 28:28Because that's a strategy, you know, that I would guess most agents adding the photo
- 28:35is the next level of that. Like most agents wouldn't think to do that at all.
- 28:40Yeah. Yeah. And the reason is because most agents are wired with a branding mindset, right?
- 28:47Because they, because, and by the way, I grew up in the luxury markets. I'm the first one to tell you
- 28:52that, you know, your stuff's got to look good. But, but the, but the everyday is like, oh, man,
- 28:57that, that, that postcard looks really good. That design is so elegant. Like the elegant design does
- 29:02not get you conversations. Like we got to generate a conversation. So you have to create something
- 29:06for a person to respond to get you a conversation because all conversion happens in conversation.
- 29:12Are you a fan then of like, you know, the ugly yellow signs and all that stuff?
- 29:15I, so I'm a little different about that. I am not of like, I don't like to make things ugly
- 29:20on purpose. Like I think that's dumb, right? But I want to, I'm, I'm very, I'm a big fan of doing
- 29:26things in native environments. So if, if it's text message, I want the text message to look like a
- 29:31text message. If it's email, it should not look like a newsletter. Like no one woke up in the
- 29:35morning saying, oh my gosh, I'm really excited for Sean to send me his flowery newsletter today.
- 29:39Like with a bunch of like pictures and just, no, I'm checking email while sitting on the throne.
- 29:43Like it needs to look like email, right? And so, so I want the email to look like email,
- 29:48read like email, all of that. So I'm a big fan of native, natively looking communication. So
- 29:54if you're, if you're doing a video, it needs to look like an Instagram video. If you're doing a
- 29:57Facebook post needs to look like a Facebook post, you don't want to like jar people and be like,
- 30:00okay, that's dumb. So I don't want to go out of my way to create an ugly piece unless it's a
- 30:06strategy. But because otherwise it makes it looks like you don't care, right? And so I think
- 30:10a lot of people don't realize I'm not saying do ugly things. I'm just saying do the best you can,
- 30:15but don't, don't sacrifice direct response for branding because you could brand all day and
- 30:20then assume that when something happens, someone will think of you, but Jeff and Sharon are doing
- 30:24direct response and eating your lunch. That's the big difference. Okay, so I think the big takeaway
- 30:29from part one of this conversation so far is skills. You've got to build up skills. You've got to
- 30:33become a modern agent, right? Get with the modern times. Use the tools of today's modern consumer,
- 30:39right? So my other question is this is then there's two primary things I'm thinking in my head,
- 30:46but I want to take this question first is, you know, I saw a report come out recently,
- 30:51might have been a NARA report about what do you, I can't remember if it's sellers or I think it
- 30:56was buyers. What does a buyer value most from a real estate agent? And I thought this was
- 31:01opposite of what it used to say, but if I remember correctly, the highest one on the chart was
- 31:06help them find the right home. Correct, right? And then like the second category that I've
- 31:10often seen over the years is help with the process, understand the process. So what do you say to
- 31:15that? Does the consumer, is that true? Because I noticed you, you know, in your example brackets,
- 31:20not on Zillow, like to talk to me, to walk me through that, is that really, like if I'm thinking
- 31:25right now, so here I am in Vegas, been here seven years, maybe we're looking at a second home,
- 31:28Idaho, whatever, like how does that play into the mix of the consumer's mindset of help me find
- 31:34the home? Is that really what they think of an agent for? No, so this is really interesting,
- 31:38right? So a consumer does not believe, my wife is the perfect consumer. She's on seven different
- 31:44drips, you know, and seven, she gets one of those are, is a Zillow elert and one of those is a
- 31:52redfin elert. By the way, she likes the redfin elerts more than anything else because she likes these,
- 31:56it's aesthetically pleasing for her. Right. And I've seen most people tell me that, right? And so
- 32:01even though an agent doesn't believe that, that is, that is true. I don't, I don't believe that
- 32:06the modern consumer is has the mindset that an agent is going to help them find a home. I do not
- 32:12believe that. I do believe that the modern, the consumer believes that they will find the home,
- 32:17they will narrow down the search, they will do most of it. And then maybe the agent helps them
- 32:21kind of dial in the process. Now, most agents will probably disagree with this because they want
- 32:24to have more of an active role in the process. But before a, I would say nine out of 10 consumers
- 32:30have already started their search before they've ever talked to an agent, you know, and so they
- 32:33are aware of the marketplace. The question then becomes, I actually think the, the modern consumer
- 32:38is unaware of the process and they realize that they, they realize the agent is just a, a natural
- 32:44part of the process that they can't get rid of. But they don't know why. That's the problem. They
- 32:48don't know why. And I think it's the job of the agent to explain to the client that why they do
- 32:56what they do. And, and I always, I use these words often. I say, hey, good process and good process
- 33:00alone drives good results. So I always say, you know, hey, you are not hiring the agent. So,
- 33:05so I'll give you an example. Yesterday, same, same, everything go back to the listening
- 33:08appointment. Yesterday, the client asked me, he said, I asked all my, I asked all my, I've asked
- 33:13all other two agents. I'm going to ask you guys this too. And he says, what should be higher you?
- 33:18Now, very interesting question if you, if you, if you think about it, right? And this goes to the
- 33:22heart of like what consumers want. And I said, I really don't think you should. The guy's like,
- 33:28he starts laughing. And I said, no, no, I didn't mean it that way. But you got, you got to
- 33:32create tension, right? What I meant to say was, you're not hiring us. You're hiring our process.
- 33:38You're hiring our process that we have implemented for the last 10 years. A process that is actually
- 33:42delivered, you know, two hundred and twelve homes in the last 12 year period across price points.
- 33:47A process that two hundred and twelve families have prepaid to get us this entire blueprint that
- 33:54we're going to deliver you a process that you don't have to pay for, that all of these other
- 33:59clients have to pay for. And in fact, I'll tell you, Mr. Mrs. Klein, you are going to do this and
- 34:02it's going to help the client after you, which is why it is our job to bring you off for that
- 34:08you want, at a price that you want, a terms that you want. And we do that with good process.
- 34:12How important do you think a pre listing package is?
- 34:15So think about it. It's interesting, right? So there's only two things that happen in a pre listing
- 34:19package. Again, most agents don't know this. They assume that their coach told them to drop a
- 34:23pre listing package out, but they don't know this. So two things happen in a pre listing package.
- 34:27Number one, you deliver a pre listing package and nine out of 10 pre listing packages are never
- 34:31opened, right? Never, never open. They think they are, but they're not. Never open. And the one person
- 34:36that opens it is the extreme analytical anal person who found the typo on page seven. So technically
- 34:44speaking, it is useless to do a pre listing package. But I'm actually a good fan of this. So let
- 34:48me tell you how to do the right pre listing package. What you want to do is you want to do this.
- 34:52You want to take a, you know, I don't know what they call it in California. They call it a
- 34:57property profile. Some kind of title public record report, right? You do want to take a title
- 35:01public record report, maybe a couple of testimonials, etc. And some and then put it in a in a brown
- 35:07envelope, like a vanilla envelope. And I do this and I do this to all listings that I go on with
- 35:12our agents. However, hide the price point is. And on the back of the envelope, I write,
- 35:16please do not open the stall or meeting tomorrow, right? And then I tell the agent to slide it
- 35:20under their door and then use that to reconfirm the appointment. So what you do is you say,
- 35:25hey, Jeff, just drop something off for our meeting tomorrow. Can you just let me know if you get it?
- 35:29We'll see you at four. So you text back that you got it. So now you have appointment confirmation.
- 35:32As opposed to, hey, Jeff, I'm just checking in. Are you good for tomorrow? Bad, right? Now,
- 35:36if I've dropped that off, now there's social accountability that you have to keep the meeting,
- 35:40right? So that's number one. When you get to the appointment, most people don't realize this,
- 35:44this is white coaches who have never talked to a client, don't understand this, right? So when
- 35:48you get to the appointment, it's very awkward. It's very awkward because you're like, oh, hold on.
- 35:52Let me take off my shoes. Where do I put this back? Like, it's a really terrible opportunity.
- 35:56Like, so when you sit down, you don't, you want to say, oh, you ski an aspirin? I ski an aspirin too
- 36:01because somebody from 40 years ago told you that where these skis important for you to have
- 36:04rapport. But that's actually not what you want is you want mechanical rapport, not emotional
- 36:09rapport, right? Because they know that you're trying to sell them something. Here's crazy part.
- 36:13So I always say, when I get into appointment, I sit down. I'm like, hey, uh, this is really simple.
- 36:17Two words, two phrases. One, hey. Hey, Mister, thank you so much for having us.
- 36:21Where can we sit down and strategize? I don't do the tour first because the tour first is the
- 36:25worst thing that you can do, because you're walking with their head behind your, in front of yours.
- 36:30And you have no context of anything that they're going to say. And you're like, oh,
- 36:33I need to see the home before I give you the pricing, no one's asking for the pricing in
- 36:35the first two minutes. So you see where can you sit down and strategize. But then when you sit down,
- 36:40here's what I ask. I'm like, he do you have the envelope that I dropped off yesterday?
- 36:44And then they bring it to you know what they say. And as soon as they hand it to me and what I say,
- 36:48Jeff, I say, did you open it? But here's the best part. When I say, did you open it? What am I trying to
- 36:53do? I'm trying to establish something. So one of two answers, right? First answer they say is,
- 36:58oh, of course not. We didn't open it. You told us not to. And here's how I respond. Oh my gosh,
- 37:01you're the most perfect clients ever. I want you to have full visibility in the process. I just
- 37:06wanted to make sure to not stress you out in this entire process, which is I told you not to open it.
- 37:10Let's open it. I'll tell you exactly what I mean by this, right? That's part two. Let's say they say,
- 37:14oh yeah, I opened it. I didn't read your message. You know what I say? Oh yeah, you're the perfect
- 37:18clients no matter what, right? Because I have nothing to hide from you and you should open everything
- 37:22that I give you. I just wanted to make this process easy for you. Let's actually break this down.
- 37:26And they both of them laugh. Now that pre-listing package has a very specific reason for me to actually
- 37:32start the meeting. Every other pre-listing package doesn't because then they start the meeting with
- 37:36questions and objections, which you are not ready for because you never framed it in the first place.
- 37:39This is what skill is, right? It's super interesting because, and I'll tell you, I've got over a
- 37:46billion dollars in listings taken. I haven't lost a listing appointment and I don't know, 15 years.
- 37:49It's the same process over and over. And the reason is, it's not that I'm any better or worse
- 37:54than anyone else. It's just, I know how to work the psychology because there's a skill associated
- 37:57with it. And instead, everyone else is like, oh, I'm just going to do the tour. I'm going to lose
- 38:01rapport. I'm going to try to reframe. Then they don't know where the conversation going. It's 20 minutes
- 38:04into the conversation. They tell me that their neighbor's kitchen is better and everything's done.
- 38:09That's every single listing appointment. In fact, if I just control the appointment,
- 38:13with just that one pre, now you can, you can add the pre-listing package to my
- 38:17mineral envelope and it works. But you and I can talk right now, but I don't have any notes.
- 38:22I do this from memory, right? Everything that we're talking about,
- 38:26you can, every single person in every year on a show cannot do what I do from memory because they
- 38:30don't do this day to day. And that's super important. And I'm saying I'm better. I'm just saying
- 38:34the more skilled you are, the more money you make. Yeah, no, that's absolutely. You've got to
- 38:38stacked up. You're very intentional with your processes, obviously, as well. All right, real quick
- 38:43before I run out of time. So we've got mortgage loan originators and some agents listening to
- 38:48this as well. I'm a big fan of integrating the mortgage professional into the process.
- 38:53What, how do you architect that or suggest that for your agents? Dude, I think the number one
- 38:59most underutilized unfair advantage for real estate agents is not working in tandem with their,
- 39:08with their loan officer. Now, the first thing I will tell you is, if you're a real estate agent
- 39:12listening to the show with Jeff, one, good job you're listening to the show. Number two, stop calling
- 39:17them a vendor. They are not your vendor. They are a partner. And let me tell you how they become a
- 39:21better partner. The better they can become a better partner if you integrate them into how you run
- 39:26your business. There's two ways to integrate them into how you're about on your business. Number one,
- 39:31whenever you are, if you're an agent, you're going on an appointment. By the way, loan officers
- 39:35that you're listening to this, you should tell your agencies when they're going on a listing
- 39:37appointment. Every single agent should know that when they're going on a listing appointment,
- 39:41they should call their lender first, especially if it's a lender driven or if it's a, if it's a mortgage
- 39:46driven purchase market, right? Like Vegas, for example, I think what's 80% of homes have a loan
- 39:51on them when they're on their own purchase, right? So you say, because what is the client going to
- 39:55ask me? The client's going to say, do you have any buyers? But I can say I have 3,000 buyers in my
- 40:00database with the client doesn't believe me. Instead, what I should say is, oh, yeah, actually,
- 40:04we have more than buyers. We have qualified buyers right now. I want to show you a voicemail that
- 40:10my lender, my lender partner, Jeff just left from me because I was briefing this with him.
- 40:14And they play this voicemail Kardashian style on in the appointment. So the appointment should,
- 40:19I hit play and the appointment should say something like, I think I shared this with you at
- 40:22forward, right? It's something that you should say. You should say, hey, Sharon, this is Jeff,
- 40:26super excited that you go on this appointment on, you know, in this area. In fact, we actually have
- 40:3032 pre-qualified buyers that are in the 1.2 to 1.3 million dollar price range. And I'm pre-qualifying
- 40:36a few more. As soon as your home is ready and your clients give you the okay, I'd love to share that
- 40:40with these 32 buyers, you know, as a heads up. And that'll, because they need to buy a home in the
- 40:45next 60 to 90 days. As soon as you're ready for pre-marketing, please let me know, because I'd like
- 40:48to get it out to them. You play that in the appointment. Now, now, you are showing the agent,
- 40:54you're giving them access to a buyer pool that they never had with a legitimate proof-based source
- 40:58that only you have. And the nice part is all the loan officers have all these pre-qualified buyers.
- 41:03So you're not even lying, which is the greatest part in this process, right? So that's kind of
- 41:07a number one. That's a no-brainer. Every single loan officer should integrate their listing process
- 41:11with their agent partners, because the agent should call and say, hey, Jeff, I'm going on this
- 41:15appointment. Can you leave me a sharon voicemail? You'll leave him a sharon voicemail, and they should
- 41:19play their voicemail in the appointment. It blows their mind when you play that voicemail in the
- 41:23appointment, because no one else does that, right? Right. Here's the second way, is after open houses.
- 41:29I don't think most agents take advantage of this, because most agents do the open houses,
- 41:32they at best they may do the one follow-up phone call saying, hey, thank you for coming to my
- 41:36open house. Most of them will just do a video and text it to all these people, but they don't do the
- 41:40follow-up, right? This is called the middleman frame. And I love it when there's an integration of
- 41:45the lender partner here, where the lender partner starts to call that list and says, you can say,
- 41:51hey, Mr. Mrs. Client, my name is Jeff, and I'm a mortgage lender with XYZ company. I'm calling
- 41:57on behalf of Sharon Trivaz at Real. Sharon asked me to give you a call because all his private
- 42:02clients are blah, blah, blah, and I wanted to see if I could help you just dial in XYZ to get
- 42:07now that's insanely powerful because the lender partner knows if they go through that list, those
- 42:12are hot buyers that came into an open house. The agent feels good because he called on behalf of
- 42:18the agent and the lender partner feels good because now they have something live to work on and
- 42:21is very integrated in the process. We need to find a way to integrate the lender partnerships
- 42:27into our real estate business. Otherwise, you'll always just treat them as a vendor and that's where
- 42:31the relationship breaks. Yeah, I love that. Yeah, because you're creating wind winds for each
- 42:34other. That's awesome. Those are two killer strategies right there. All right, you've been
- 42:38incredibly generous with your insight, knowledge, and experience. I want you to just go rapid-fire
- 42:44real quick on an answer to this question. Then we're going to close out with what are you excited
- 42:48about for 2025? I had to ask you this question just because of who you are in the industry, you're
- 42:51obviously very well experienced and have a great, I think, take on the industry as a whole.
- 42:57What is your quick take on the net net impact of the NAR settlement to the industry?
- 43:04It's said nothing burger. Okay. All right, cool enough said. Then let's close out on this.
- 43:11What are you excited about? What's got you amped up? Really looking forward to whether it's a project
- 43:16or something coming up for the rest of this year? I believe that we are going to see artificial
- 43:23intelligence be a very key part of our industry overall, both on the consumer side and looking at
- 43:31stuff as well as on the agent side and doing what they do. What most people don't realize? If you've
- 43:36ever done the job of an agent or a loan officer, you realize that almost 70% of what we do is very
- 43:41manual and mechanical. If we can take that away, we're not quite there yet from a piece of AI
- 43:51that can do all of Jeff's work. We're not quite there yet, but I don't think we're that far off.
- 43:56As soon as we get that, something amazing starts to happen. It forces the agents to have more
- 44:00creativity, more creativity on marketing, more creativity on skill. I don't think it takes away the
- 44:03agent skill. It dramatically takes away all the mundane busy work and the error prone work that
- 44:10agents have to do. I'll give you a really simple example. We built a species of technology at
- 44:15real and it's not commercial or anything. It's a function of AI where normally if there's a
- 44:22signed purchase contract, Jeff, I would upload it to the system and our brokers would review it.
- 44:26They would go through all the 96 pages of the contract and tell you that you're missing a
- 44:29signature on page two. Well, if there's 100 contracts admitted that day, our broker team's probably
- 44:34not going to get there for four days no matter how big the broker team is. Well, now what we've
- 44:37done is we have a piece of technology that as soon as you upload the contract, it knows wherever the
- 44:42initials and signatures have to be and all the key fields, it scans it all of it and said there are
- 44:45three errors instantly. That alone, you can instantly just download it back, go get the other's
- 44:50docuSign and come right back and you're done. Now that back and forth confusion is immediately solved
- 44:56and now you may think that's an insane piece of tech but it's foundational to how an agent runs
- 45:01their business. So what I see is going to happen is you're going to see more creativity and more skill
- 45:06have be in the agent world because all the admin work has taken away. When you take away all the
- 45:10admin work, when you take away all the mundane work, what stands creativity and skill and creativity
- 45:16for that with creativity. I mean as ideas, brand, content, marketing strategies, etc. Skill is when
- 45:21you're actually talking to a client, what do you do? How can you solve a problem? How can you say what
- 45:24you say? Those two can't be replaced. Those are very, very hard because in the middle, the AI can
- 45:28do the manual work but it can't come up with the creativity and it can't actually talk to the client
- 45:32yet. So I'm really excited to see agents live better lives, not being stressed out by the
- 45:39meant, the mundane stuff they need to do but with the extra time, maybe my offer to them would be,
- 45:45hey, spend more time on the creative stuff and spend more time on the skill stuff because that
- 45:49will get you paid. Yeah, love that. Yeah, it's going to create efficiencies all across the board
- 45:53and let's use that free time as you said to get more skills, right? Which is what we're talking about
- 45:57here today. So Saron, once again, thank you so much for the listeners who want to connect with you
- 46:01more. We're going to put the links to your Instagram and your YouTube channel in the show notes
- 46:06because you got amazing content out there on the internet and people need to click the link in
- 46:09the show notes right now, whether you're an agent or a loan officer. By the way, if you are an agent
- 46:12listening to this and you did get this from a loan officer, please thank them and let them know
- 46:17that they are now considered a partner, right? Not a vendor because they want to help you and that's
- 46:22why they share this episode with you. So Saron, once again, thank you. Appreciate it, Matt. Thanks, Jeff.
- 46:26All right, listeners, you know what to do? Leave a note in the show notes or leave us a review if you
- 46:30like this one and by the way, share this with somebody else. Pay it forward. Thanks for tuning in.
- 46:34See you on the next one. Bye for now. Okay, that's it for today's episode. Before we wrap up,
- 46:38I just wanted to remind you about my agent classes. You're proven system to double your agent
- 46:43referrals in just 90 days. Imagine never having to co-call again instead building real lasting
- 46:49relationships with top-producing agents who want to send you business with done-for-you presentations,
- 46:54marketing automation, weekly coaching. It's all designed to make growing your business easier
- 47:00and fun. So if you're ready to take control of your agent referrals and grow your income,
- 47:04visit mortgagemarketing.pro or check the link in the show notes. And while you're there,
- 47:08don't forget to check out the success stories from other mortgage pros who've already seen
- 47:12incredible results. Thanks for listening and I'll see you on the next episode.