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Posts tagged ‘IDX’

17
Jan

Can You Automate Your Real Estate Business?

Osaka Tin Toy Institute – Tin Age Collection – Robby the Robot with Blaster – Front

Osaka Tin Toy Institute – Tin Age Collection – Robby the Robot with Blaster – Front

This week’s meeting topic was pretty straightforward. I was curious to know how many functions of our business could be automated. Were there any functions that you could assign and, essentially, forget about and were those functions important to our business? I taped up three boards to the wall marked; Completely Automated, 1-3 Touch Automated and Not Automated.

Category 1. The completely automated category are those that you would consider “set-and-go” type functions. One you set them up they pretty much look after themselves. For instance, you might opt to outsource your social media posts through services like City Blast. There are also newsletter companies that create content and mail out a set number of newsletters to your farm area each month. Many website companies will keep your site current with timely articles and IDX or Vow feeds can keep your site current. You can even find services to do email drip campaigns, Facebook ads and SEO. Additionally, your brokerage might have its own lead generating system that you participate in or online surveys to provide feedback on your services.

Category 2. The next category is the 1 to 3 touch automated. It is slightly more complicated than the fully automated category because its success relies on you either entering data or pushing a few buttons to make things happen. Unlike fully automatic functions you will need to spend some time at a device, like a computer, iPad or smart phone. There will be some data to enter either in your CRM system or perhaps just setting up a prospect match. If you have done the templates ahead of time then just listed or just sold cards fall into this category. For the busy agent there are a number of touch point services to help you build connections with potential clients like sending thank you cards from your phone or choosing closing gifts and depending on your skill level you could incorporate automated email response systems.

Category 3. Finally there is the not automated category. These are functions like home showings, putting offers together and negotiating deals, door knocking, open houses, writing blogs and doing research. To accomplish anything in this category you need to be fully invested in the real estate business. There is little chance that over the near future these tasks could be performed by an automated source.

The truth is that real estate is a business that requires a great deal of attention from many different directions. At the heart of it is relationship building, networking, and staying top of mind with the people in your network. While some of those functions can be completely or almost completely automated to be a standout success you must have boots on the ground. It is important to note that neither category 1 and 2 can work in silos without input from category 3, yet category 3 can function without 1 and 2. Also interesting is the costs associated with each function. Category 1 relies the most on outsourcing the jobs and is therefore the most expensive, while category 3 is the least expensive but the most time-consuming.

Mark McLean is the Broker/Manager at the Bosley Real Estate Queen St W office, the Immediate Past President the Toronto Real Estate Board and a director at the Ontario Real estate Association .The opinions expressed here do not reflect the opinions of TREB, OREA or Bosley RE.

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28
Jan

Are Some Realtors Using Third-Party Sites To Game The System?

scammerIt’s a popular term that you have probably heard before. If there is a way to beat the system, someone will find it. Not surprisingly, it applies to the business of real estate too. At first I was enthusiastic about those third-party sites like Craigslist and Kijiji. Hey, if I have a listing I will promote it on as many sites as I can to get the most exposure. That’s my job. But more and more I see some agents trying to game the system. It’s as if those agents said, ” I can use this un-policed site to make money”. Can you blame a guy (or gal) for trying? Over the last few months, the number of real estate scams I’ve seen on the web makes me shudder. Not to single out one site or another, but I wonder if third-party sites, not under some type of control, are turning our business back into the wild wild west. I can’t imagine the founders of these sites ever intended their sites to be used these ways.

We’ve heard this story a fair bit, but I finally heard it first hand from someone who had been scammed. This person was looking for a rental apartment. She saw an amazing place in her price range and the “owner” said it she could have it. She put down a deposit and went home. A week later she thought it might be a good idea to go check it out again. She phoned and emailed the “owner” but was unable to reach him. Finally she went to the apartment only to find that the current tenants weren’t planning on moving out. As it turns out, they were away the weekend the apartment was shown. Burned!

Equally, if not more distressing is the behavior of Realtors like this one; This agent logged into TREB found a couple of nice condos, used the pictures and descriptions to create a few ads and then post them as their own listings. Potential renters are calling and arranging showings presuming they are working directly with the owner or listing agents. So you might say, big deal. At the end of the day the apartment gets rented. Isn’t that the goal? I suppose you could make that argument but why should someone take advantage of the work I did to get the listing in the first place? I didn’t give that agent permission to advertise my listing. In this case, the scammer agent was working at a resort in Mexico when I contacted her about a rental. She offered to have someone in her office attend the showing. Poaching listings is rampant in our business and this example barely scratches the surface of the type of shenanigans that agents figure out. The DDF or Data Distribution Facility may take care of some of these problems, like the accuracy of the information, but…as one door closes another one is sure to open.

How about the agent who had a listing on MLS at one price and also advertised it on Craigslist at a different price with the proviso the buyer use him to purchase the house? The Craigslist ad also didn’t contain any of the required information that is required under our guidelines. Designation, brokerage, contact information.  Do you care? The internet is a big place.  I have to believe there are a lot of agents using third-party sites to rightfully promote their listings. That’s great. But what about the scammers and cheats who are playing the system? They know full well that RECO can’t patrol the internet, and most agents aren’t checking to see if people are poaching their listings. And if they do, are those agents going to launch a complaint knowing that it will take 8 months to get to a hearing? Years ago, organized real estate was established to protect the public. Rules and regulations were written to make sure real estate transactions were done fairly. Is that protection gone out the window?

Is the sharing of data, through IDX leveling the playing field or making the system easy to beat? If you are part of IDX your listings are shared on every other agent’s website. Honestly, I’m okay with that BUT I want the public to know that if they are on Joe Smith’s Website  the listing they are looking at is actually mine not Joe Smith’s. I want my name at the top, not buried somewhere in the bottom. Oh and while I’m on the subject, why can’t I brand my video tours? Argh, it makes me crazy!

Have you been scammed on a third-party site? Do you have an interesting story about an agent finding a creative way to beat the system? What can we do about it?

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