On this episode of the Real Estate Fight Club Podcast, Jenn and Monica are going to duke out over should the NAR, the National Association of Realtors, make vacations mandatory? What if they mandated that real estate agents take a phone off vacation once every two years where you didn't answer your phone? Tune in for all of the details!
Episode Highlights:
- Jenn thinks that many real estate agents do not run their business like a business and there is a notion that real estate agents work 24/7 which is not true.
- Brokerages are regarded like employee-employer relationships at some point, but that's the typical brokerage, and that's how it's always been, says Monica.
- There is an overwork burnout from the 24/7 on call that is portrayed like a badge of honor, but it is not a badge. Monica says individuals are ashamed by their inability to set standards in their business.
- You don’t need to set up anything just because you want to return calls at two to three, nobody else needs to know that. You just need to return the calls at two to three.
- If Monica has a deal, she is available to her clients 24 hours a day, seven days a week- whatever you want to call it; But if she is going to get a call and it is not an emergency, and the client texts her after 7:00 p.m. Monica says she'll get back to the client the following day.
- The majority of our clientele are employed. Their shift finishes about 6 p.m., and it's fine for them to connect with you as long as you return it on time. You are not required to inform them, says Jenn.
- Once a quarter you should do something, whether it's going on vacation or whatever it may be, you should do something and during that time that you do not attend calls, you need to give somebody else your phone.
- Every Sunday, look at your week and decide when you will not be working for the next seven days, then mark it on your calendar. Take the day off if you are not planning to work on Saturday.
- You don't have to tell somebody you are a good person. You just do it. You just have to be good. You don't tell somebody you're a realtor. You just need to demonstrate you are a realtor.
- It's an interesting relationship that we have as realtors with our broker that we have with the MLS, and we have with the NAR, says Jenn.
- By not taking a vacation, you are doing a disservice to your client. You are going to make a lot of mistakes. It's not worth it.
- Jenn and Jim O’Neil, the tiebreaker of today, discuss what the role of NAR in the real-estate business is?
- Jim volunteered at the Akron-Cleveland Association of Realtors on the Young Professionals Committee for a couple of years. Unfortunately, he doesn’t think the average agent has any clue what the associations do.
- Everyone believes they can accomplish the realtor work until they are completely reliant on it for revenue. Because it is exceedingly challenging, 85 percent of people will be out of business in three years. It's more difficult than it appears.
3 Key Points:
- Are you the type of agent that somebody has to tell you to take a break, or somebody has to tell you to go on vacation? And when you are on vacation, you are still working, and you are ignoring your family?
- Look at your calendar: Put your vacations first, personal time, family time, vacation time, then work around it; It should be the priority.
- Jim O’Neil discusses how realtors may overcome the stigma of working around the clock.
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