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REAL ESTATE’S FOREVER BRAND
SM
NORTH POINTE
MEETING
17 June 2020
18 June 2020 2
How prepared are you to work remotely?
Pandemic Unemployment Assistance (PUA)
18 June 2020 3
PUA claimants who have questions about the new weekly certification question asking “How did the
COVID-19 pandemic cause your unemployment?” The addition of this question was required by the
U.S. Department of Labor. Many claimants have suggested that none of the options apply to their
current circumstances. The most frequent questions have been from individuals that are back to
work but continue to have a reduction in hours/earnings as a result of the pandemic response.
I asked the Department for clarity to see if individuals with reduced earnings who do not meet any
of the listed COVID-19 related reasons are now ineligible for PUA. In response, the Department
indicated that they will be adding an option as follows:
“You are an independent contractor/gig worker who has been forced to significantly limit his
or her performance of customary work activities because of the COVID-19 public health
emergency and are experiencing a diminution of work. If selecting this, you must report any
earnings each week.”
The Department further offered that for everyone else who is just experiencing lack of work or a
reduction in hours, they have to select a COVID-19 related reason. Someone with a limited work
history also has to have a COVID-19 related reason.
PA Real Estate License Renewal
18 June 2020 4
The Pennsylvania State Real Estate Commission requires licensees to
complete 14 hours of continuing education during each license renewal
period. The current period began on June 1, 2018 and ends May 31,
2020 (August 29, 2020).
Individuals licensed before December 1, 2017, may satisfy their 14 hours
in any available continuing education topic, including “first renewal”
courses. The Real Estate Commission requires that within the 14 hours,
licensees must complete 3.5 hours in Advertising & Property
Management.
Individuals licensed after December 1, 2017, must complete a 7 hour
General Module and a 7 hour Residential Module to satisfy their 14 hour
requirement for license renewal.
Dotloop Tips & Hints
18 June 2020 5
How do I have a person sign on behalf of an LLC or a company in
Dotloop? When I create the document, should I be using the entity
name as a signatory or the individual?
LLC Signing in Dotloop
18 June 2020 6
When creating the document, use the entity name
LLC Signing in Dotloop
18 June 2020 7
Notice that initials and signature reflect the entity name
LLC Signing in Dotloop
18 June 2020 8
When the document is sent to the client, they will be
asked to confirm their name and initials before signing
Have the client change the entity to their name
LLC Signing in Dotloop
18 June 2020 9
Document now reflects LLC name with a personal signature
Best Long-term Investments
18 June 2020 10
“Real estate, at 35%, remains the most favored investment for
Americans, as has been the case since 2013, when the housing market
was on the rebound. More than a third of Americans have named real
estate as the top investment since 2016.”
Best Long-term Investments (Gallup Poll 2020)
18 June 2020 11
40%
30%
20%
10%
0%
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
35%
21%
17%
16%
Real Estate Stocks Savings Accounts Gold
Impact of COVID-19 to Real Estate Showings in PA
(Weekly showings normalized to the first calendar week of January, 7-day moving average. Data through June 14, 2020)
18 June 2020 12
Sunday, June 14, 2020
2019 Weekly Average: +26.5%
2020 Weekly Average: +59.6%
Homesale.com Statistics
18 June 2020 13
Organic Search Traffic to Property Detail Pages
New users in May 2020 vs. May 2019 were up 53%
Berkshire Hathaway HomeServices Luxury Collection
18 June 2020 14
Berkshire Hathaway HomeServices Luxury Collection
18 June 2020 15
Advantages and Benefits
18 June 2020 16
 Sell homes by marketing to the
right audience with the most
effective tools
 Provides global visibility
 Reaches and connects to the luxury specialists throughout the
Berkshire Hathaway HomeServices network
 Allows your seller to leverage the Berkshire Hathaway HomeServices
name which is known in the luxury community
HomeSaleLuxury.com
18 June 2020 17
 Provides a quick & easy search for those interested in luxury homes
 Luxury listings are automatically added to the rotation on the home
page once added to the MLS
BHHS.com/Luxury
18 June 2020 18
 Listings are submitted to be featured on the home page subject to
approval of high resolution photos and BHHS
 Listings featured in the search results
Social Media Advertising
18 June 2020 19
 3 days of exposure for
Coming Soon Listings
 7 days of exposure for
New Listings
132
average
clicks
8%
average
click
through
rate
Homesale Luxury Collection Magazine
18 June 2020 20
 Luxury Certified Agents appear in every issue
of Homesale Luxury Collection Magazine
 Distributed to over 389,000 high income
Facebook & Instagram users
 Emailed to over 11,000 REALTORS® each month including
all BHHS luxury certified agents across the globe
 Reaches over 980,000 people per year
 3 min. 47 sec. average read time
Prestige Magazine & Other Luxury Publications
18 June 2020 21
 Prestige Magazine – Luxury publication for BHHS Luxury Collection Specialists
 duPont Registry – A Buyers Gallery of Fine Homes
 Robb Report – Influencers and opinion leaders look reference this publication for
the finest products
 Unique Homes – International source for luxury real estate geared to an affluent
worldwide readership
 The Wall Street Journal – Reaches the world’s most active and affluent buyers
Instagram
18 June 2020 22
 Luxury home is highlighted on the #1 worldwide visual platform
 Exposes listing to over 800 million users
 Drive traffic and inquiries to the listing agent
Pinterest
18 June 2020 23
 Every luxury home is featured on our luxury boards
 Interior photos are pinned on other boards to drive additional traffic
 Each photo links back to detailed property page
 175 million users log onto Pinterest each month
 Over 174,318 impressions per month
Virtual Tours – YouTube Exposure
18 June 2020 24
 Automatically created when listed
 Homesale covers the cost
 Feeds to all websites
REsource Center
18 June 2020 25
Marketing and Resources Available
18 June 2020 26
 Luxury Marketing Brochures
 Luxury Marketing Flyer
 Social Media Graphic to share
 Luxury Marketing Training Video
 Promotional Video
 Luxury Listing Presentation
Luxury Collection Certification Requirements
18 June 2020 27
Agent must have closed three sides, either
list or sales side, of qualifying properties
(+$500,000) in the last 24 months
All applicants must have achieved at least
three points from the electives below:
 Actively participating in BHHS
Luxury/Resort marketing and education
programs. For example, advertising in
The Wall Street Journal or attending
Luxury Understood training would qualify
for 1 point each.
 Serving (or having served) on one or more
non-REALTOR® charitable boards or
committees would qualify for up to 2
points (1 point for each board or
committee).
 Being a current and active member of a
recognized real estate trade association
qualifies for up to 2 points (1 point for
each association).
 Holding a professional real estate
designation qualifies for 1 point.
 A current member of BHHS Leading Edge
Society, President’s or Chairman’s Circle
qualifies for 2 points.
The Future Value of a Client
18 June 2020 28
Would Buyer Use REALTOR® Again or Refer
to Others? *
18 June 2020 29
* 2019 Profile of Home Buyers and Sellers, National Association of REALTORS®
60%
80%
50%
70%
40%
30%
20%
10%
0%
Definitely Probably Probably Not Definitely Not Don’t Know
75%
15%
5% 4% 1%
90%would probably use you again
or recommend you to others
How Repeat Buyers Found Their
REALTOR®? *
18 June 2020 30
12%used agent previously
to buy or sell a home
* 2019 Profile of Home Buyers and Sellers, National Association of REALTORS®
Why aren’t people using the same agent?
18 June 2020 31
WE HAVE on doctor
WE HAVE one lawyer
WE HAVE one accountant
WE HAVE one dry cleaner
WE HAVE one barber/hair stylist
They’re Chasing Leads Instead of Creating
Raving Fans
18 June 2020 32
The Future Value of a Client
18 June 2020 33
Age of Client
Tenure in Home (NAR average)
Homes Bought in Lifetime
Average Commission
Value of Client’s Business
# of Referrals
Average Commission
Value of Referrals
Total Value of Client
40
10
6
$4,392
$26,352
3
$4,392
$13,176
$39,528
$250,000
x .0575
$14,375
x .50
$7,187
x .94
$6,756
x .65
$4,392
The Future Value of a Client
18 June 2020 34
Age of Client
Tenure in Home (NAR average)
Homes Bought in Lifetime
Average Commission
Value of Client’s Business
# of Referrals
Average Commission
Value of Referrals
Total Value of Client
40
10
6
$4,392
$26,352
3
$4,392
$13,176
$39,528
What would
happen if you
started working
with the client
at a younger
age?
The Future Value of a Client
18 June 2020 35
Age of Client
Tenure in Home (NAR average)
Homes Bought in Lifetime
Average Commission
Value of Client’s Business
# of Referrals
Average Commission
Value of Referrals
Total Value of Client
40
10
6
$4,392
$26,352
3
$4,392
$13,176
$39,528
What would
happen if you
SOLD them more
real estate over
the life of the
relationship?
What would happen . . .
18 June 2020 36
Age of Client
Tenure in Home (NAR average)
Homes Bought in Lifetime
Average Commission
Value of Client’s Business
# of Referrals
Average Commission
Value of Referrals
Total Value of Client
40
10
6
$4,392
$26,352
3
$4,392
$13,176
$39,528
What would
happen if you
worked in a
higher price
range?
What would happen . . .
18 June 2020 37
Age of Client
Tenure in Home (NAR average)
Homes Bought in Lifetime
Average Commission
Value of Client’s Business
# of Referrals
Average Commission
Value of Referrals
Total Value of Client
40
10
6
$4,392
$26,352
3
$4,392
$13,176
$39,528
What would
happen if you
focused more
on getting
referrals?
Business Over Your Career
18 June 2020 38
$26,352
X 50 clients
$1,317,600
÷ 30 years
$43,920/year
Services clients and
gets no referrals
$39,528
X 250 clients
$9,882,000
÷ 30 years
$329,400/year
Creates raving fans
and gets referrals
18 June 2020 39
How are you pumping gas?
18 June 2020 40
Just having satisfied customers isn’t
good enough anymore. If you
really want a booming business,
you have to create raving fans.
- Ken Blanchard
Speaker Contact Info
18 June 2020 41
Tom Blefko
Associate Broker
REALTOR®
Director of Operations
North Pointe Office
Berkshire Hathaway HomeServices Homesale Realty
Office: (717) 560-9100
Cell: (717) 587-6600
Email: tblefko@homesale.com

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The Future Value of a Client

  • 1. REAL ESTATE’S FOREVER BRAND SM NORTH POINTE MEETING 17 June 2020
  • 2. 18 June 2020 2 How prepared are you to work remotely?
  • 3. Pandemic Unemployment Assistance (PUA) 18 June 2020 3 PUA claimants who have questions about the new weekly certification question asking “How did the COVID-19 pandemic cause your unemployment?” The addition of this question was required by the U.S. Department of Labor. Many claimants have suggested that none of the options apply to their current circumstances. The most frequent questions have been from individuals that are back to work but continue to have a reduction in hours/earnings as a result of the pandemic response. I asked the Department for clarity to see if individuals with reduced earnings who do not meet any of the listed COVID-19 related reasons are now ineligible for PUA. In response, the Department indicated that they will be adding an option as follows: “You are an independent contractor/gig worker who has been forced to significantly limit his or her performance of customary work activities because of the COVID-19 public health emergency and are experiencing a diminution of work. If selecting this, you must report any earnings each week.” The Department further offered that for everyone else who is just experiencing lack of work or a reduction in hours, they have to select a COVID-19 related reason. Someone with a limited work history also has to have a COVID-19 related reason.
  • 4. PA Real Estate License Renewal 18 June 2020 4 The Pennsylvania State Real Estate Commission requires licensees to complete 14 hours of continuing education during each license renewal period. The current period began on June 1, 2018 and ends May 31, 2020 (August 29, 2020). Individuals licensed before December 1, 2017, may satisfy their 14 hours in any available continuing education topic, including “first renewal” courses. The Real Estate Commission requires that within the 14 hours, licensees must complete 3.5 hours in Advertising & Property Management. Individuals licensed after December 1, 2017, must complete a 7 hour General Module and a 7 hour Residential Module to satisfy their 14 hour requirement for license renewal.
  • 5. Dotloop Tips & Hints 18 June 2020 5 How do I have a person sign on behalf of an LLC or a company in Dotloop? When I create the document, should I be using the entity name as a signatory or the individual?
  • 6. LLC Signing in Dotloop 18 June 2020 6 When creating the document, use the entity name
  • 7. LLC Signing in Dotloop 18 June 2020 7 Notice that initials and signature reflect the entity name
  • 8. LLC Signing in Dotloop 18 June 2020 8 When the document is sent to the client, they will be asked to confirm their name and initials before signing Have the client change the entity to their name
  • 9. LLC Signing in Dotloop 18 June 2020 9 Document now reflects LLC name with a personal signature
  • 10. Best Long-term Investments 18 June 2020 10 “Real estate, at 35%, remains the most favored investment for Americans, as has been the case since 2013, when the housing market was on the rebound. More than a third of Americans have named real estate as the top investment since 2016.”
  • 11. Best Long-term Investments (Gallup Poll 2020) 18 June 2020 11 40% 30% 20% 10% 0% 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 35% 21% 17% 16% Real Estate Stocks Savings Accounts Gold
  • 12. Impact of COVID-19 to Real Estate Showings in PA (Weekly showings normalized to the first calendar week of January, 7-day moving average. Data through June 14, 2020) 18 June 2020 12 Sunday, June 14, 2020 2019 Weekly Average: +26.5% 2020 Weekly Average: +59.6%
  • 13. Homesale.com Statistics 18 June 2020 13 Organic Search Traffic to Property Detail Pages New users in May 2020 vs. May 2019 were up 53%
  • 14. Berkshire Hathaway HomeServices Luxury Collection 18 June 2020 14
  • 15. Berkshire Hathaway HomeServices Luxury Collection 18 June 2020 15
  • 16. Advantages and Benefits 18 June 2020 16  Sell homes by marketing to the right audience with the most effective tools  Provides global visibility  Reaches and connects to the luxury specialists throughout the Berkshire Hathaway HomeServices network  Allows your seller to leverage the Berkshire Hathaway HomeServices name which is known in the luxury community
  • 17. HomeSaleLuxury.com 18 June 2020 17  Provides a quick & easy search for those interested in luxury homes  Luxury listings are automatically added to the rotation on the home page once added to the MLS
  • 18. BHHS.com/Luxury 18 June 2020 18  Listings are submitted to be featured on the home page subject to approval of high resolution photos and BHHS  Listings featured in the search results
  • 19. Social Media Advertising 18 June 2020 19  3 days of exposure for Coming Soon Listings  7 days of exposure for New Listings 132 average clicks 8% average click through rate
  • 20. Homesale Luxury Collection Magazine 18 June 2020 20  Luxury Certified Agents appear in every issue of Homesale Luxury Collection Magazine  Distributed to over 389,000 high income Facebook & Instagram users  Emailed to over 11,000 REALTORS® each month including all BHHS luxury certified agents across the globe  Reaches over 980,000 people per year  3 min. 47 sec. average read time
  • 21. Prestige Magazine & Other Luxury Publications 18 June 2020 21  Prestige Magazine – Luxury publication for BHHS Luxury Collection Specialists  duPont Registry – A Buyers Gallery of Fine Homes  Robb Report – Influencers and opinion leaders look reference this publication for the finest products  Unique Homes – International source for luxury real estate geared to an affluent worldwide readership  The Wall Street Journal – Reaches the world’s most active and affluent buyers
  • 22. Instagram 18 June 2020 22  Luxury home is highlighted on the #1 worldwide visual platform  Exposes listing to over 800 million users  Drive traffic and inquiries to the listing agent
  • 23. Pinterest 18 June 2020 23  Every luxury home is featured on our luxury boards  Interior photos are pinned on other boards to drive additional traffic  Each photo links back to detailed property page  175 million users log onto Pinterest each month  Over 174,318 impressions per month
  • 24. Virtual Tours – YouTube Exposure 18 June 2020 24  Automatically created when listed  Homesale covers the cost  Feeds to all websites
  • 26. Marketing and Resources Available 18 June 2020 26  Luxury Marketing Brochures  Luxury Marketing Flyer  Social Media Graphic to share  Luxury Marketing Training Video  Promotional Video  Luxury Listing Presentation
  • 27. Luxury Collection Certification Requirements 18 June 2020 27 Agent must have closed three sides, either list or sales side, of qualifying properties (+$500,000) in the last 24 months All applicants must have achieved at least three points from the electives below:  Actively participating in BHHS Luxury/Resort marketing and education programs. For example, advertising in The Wall Street Journal or attending Luxury Understood training would qualify for 1 point each.  Serving (or having served) on one or more non-REALTOR® charitable boards or committees would qualify for up to 2 points (1 point for each board or committee).  Being a current and active member of a recognized real estate trade association qualifies for up to 2 points (1 point for each association).  Holding a professional real estate designation qualifies for 1 point.  A current member of BHHS Leading Edge Society, President’s or Chairman’s Circle qualifies for 2 points.
  • 28. The Future Value of a Client 18 June 2020 28
  • 29. Would Buyer Use REALTOR® Again or Refer to Others? * 18 June 2020 29 * 2019 Profile of Home Buyers and Sellers, National Association of REALTORS® 60% 80% 50% 70% 40% 30% 20% 10% 0% Definitely Probably Probably Not Definitely Not Don’t Know 75% 15% 5% 4% 1% 90%would probably use you again or recommend you to others
  • 30. How Repeat Buyers Found Their REALTOR®? * 18 June 2020 30 12%used agent previously to buy or sell a home * 2019 Profile of Home Buyers and Sellers, National Association of REALTORS®
  • 31. Why aren’t people using the same agent? 18 June 2020 31 WE HAVE on doctor WE HAVE one lawyer WE HAVE one accountant WE HAVE one dry cleaner WE HAVE one barber/hair stylist
  • 32. They’re Chasing Leads Instead of Creating Raving Fans 18 June 2020 32
  • 33. The Future Value of a Client 18 June 2020 33 Age of Client Tenure in Home (NAR average) Homes Bought in Lifetime Average Commission Value of Client’s Business # of Referrals Average Commission Value of Referrals Total Value of Client 40 10 6 $4,392 $26,352 3 $4,392 $13,176 $39,528 $250,000 x .0575 $14,375 x .50 $7,187 x .94 $6,756 x .65 $4,392
  • 34. The Future Value of a Client 18 June 2020 34 Age of Client Tenure in Home (NAR average) Homes Bought in Lifetime Average Commission Value of Client’s Business # of Referrals Average Commission Value of Referrals Total Value of Client 40 10 6 $4,392 $26,352 3 $4,392 $13,176 $39,528 What would happen if you started working with the client at a younger age?
  • 35. The Future Value of a Client 18 June 2020 35 Age of Client Tenure in Home (NAR average) Homes Bought in Lifetime Average Commission Value of Client’s Business # of Referrals Average Commission Value of Referrals Total Value of Client 40 10 6 $4,392 $26,352 3 $4,392 $13,176 $39,528 What would happen if you SOLD them more real estate over the life of the relationship?
  • 36. What would happen . . . 18 June 2020 36 Age of Client Tenure in Home (NAR average) Homes Bought in Lifetime Average Commission Value of Client’s Business # of Referrals Average Commission Value of Referrals Total Value of Client 40 10 6 $4,392 $26,352 3 $4,392 $13,176 $39,528 What would happen if you worked in a higher price range?
  • 37. What would happen . . . 18 June 2020 37 Age of Client Tenure in Home (NAR average) Homes Bought in Lifetime Average Commission Value of Client’s Business # of Referrals Average Commission Value of Referrals Total Value of Client 40 10 6 $4,392 $26,352 3 $4,392 $13,176 $39,528 What would happen if you focused more on getting referrals?
  • 38. Business Over Your Career 18 June 2020 38 $26,352 X 50 clients $1,317,600 ÷ 30 years $43,920/year Services clients and gets no referrals $39,528 X 250 clients $9,882,000 ÷ 30 years $329,400/year Creates raving fans and gets referrals
  • 40. How are you pumping gas? 18 June 2020 40 Just having satisfied customers isn’t good enough anymore. If you really want a booming business, you have to create raving fans. - Ken Blanchard
  • 41. Speaker Contact Info 18 June 2020 41 Tom Blefko Associate Broker REALTOR® Director of Operations North Pointe Office Berkshire Hathaway HomeServices Homesale Realty Office: (717) 560-9100 Cell: (717) 587-6600 Email: tblefko@homesale.com

Editor's Notes

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