real estate negotiator Archives | RealestateMY Real Estate Sales & Marketing Software Sat, 27 Jan 2024 14:15:18 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.3 How to settle into your new real estate career in Malaysia https://www.realestatemy.com/settle-new-real-estate-career-malaysia/ Mon, 04 Dec 2023 22:36:18 +0000 http://www.realestatemy.com/?p=3160 Settle into your new real estate career   Welcome to “How to Settle into Your New Real Estate Career in Malaysia,” a comprehensive guide tailored for individuals embarking on their journey in the Malaysian real estate market. This vibrant and diverse sector offers a plethora of opportunities, and settling in requires a blend of local […]

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Settle into your new real estate career

How to settle into your new real estate career

 

Welcome to “How to Settle into Your New Real Estate Career in Malaysia,” a comprehensive guide tailored for individuals embarking on their journey in the Malaysian real estate market. This vibrant and diverse sector offers a plethora of opportunities, and settling in requires a blend of local market knowledge, cultural understanding, and strategic planning.

Whether you are a recent graduate or making a career shift, this guide will provide you with essential insights and practical tips to navigate the unique landscape of Malaysian real estate, helping you to establish a successful and fulfilling career in this dynamic industry.

Download Now: Real Estate Marketing Plan Template [Free Access]

So you have decided to embark on a career in real estate, you have found a real estate agency to join and are now getting prepare and setting yourself up in your new working environment. Starting a new career is never easy, to help you get started here are a few important steps you should take to get up and running and getting started working.

 

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1. Read The Agency Manual

 

Not all agencies have this, but if your agency provides an employee manual or guide, you should read it. Some of the contents may seem quite obvious, but every real estate company is different, and you’ll have to know your new agency inside and out if you want to be a successful real estate negotiator.

Knowing your company policies will ensure that you start your relationship with your new agency and new real estate colleagues the best and correct way. By learning your negotiator obligations and responsibilities, you’ll also minimise potential issues and errors and know how to respond to a bad situation, whether it’s with a client or your agency, or with your colleagues.

 

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2. Do Your Training

 

Whether you have real estate sales experience or not, you will want to take advantage of as much real estate sales training opportunities as possible to give yourself the strongest start possible in the real estate industry.

Property selling takes a lot of personality, but it’s also a skill like any other, which is meant to be properly studied and learnt in detail. If you assume you’ll make it on your good looks and charm alone, your first few months will be very challenging.

 

 

real estate tech tools

3. Get To Know The Technology

 

The same goes for real estate technology. Even if you are technologically savvy, it’s worth noting that company software doesn’t have a reputation for being easy to use.

A 2-hour class may sound tedious, but it beats dozens of hours puzzling over your company’s user- unfriendly client relationship management (CRM) system.

 

 

How to decide which real estate agency to join

 

4. Introduce Yourself To Your Colleagues

 

As a real estate negotiator, you’re technically an independent contractor. That doesn’t mean, however, that you don’t benefit from your relationships with fellow real estate negotiators in your office. Introduce yourself to everyone in your office, from fellow property negotiators to administrative and support staff.

The friendlier you are, the more willing they will be to help you when you need it. Your real estate colleagues will give you insight on the real estate agency culture and what’s expected of you as the new negotiator in the company.

You’ll also learn which negotiators to keep clear of, and which negotiators to follow and learn from. Ask who the in-house agency expert is on a subject you want to learn more about, whether it be: real estate digital marketing, tenant contracts, property auctions, etc.

Ask each of your colleagues for their one piece of advice for someone starting out in the real estate business. Their answers might surprise you. Once you have learnt the ropes you should pay it forward and also be helpful to other new real estate negotiators, that begin their property career after you have.

how to be better than other real estate agents

 

Conclusion

In conclusion, settling into a new real estate career in Malaysia is an exciting journey that blends learning, adaptation, and strategic execution. This guide has equipped you with vital insights into understanding the Malaysian market, embracing local practices, and building a robust professional network.

As you apply these principles, remember that success in real estate is a marathon, not a sprint. Patience, persistence, and a commitment to continuous learning will be your greatest assets in establishing a successful and rewarding career in Malaysia’s dynamic real estate industry.

 

Stay tuned with the realestatemy.com/blog for more up-to-date tips and guides for real estate marketing professionals.

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A to Z of Real Estate Branding https://www.realestatemy.com/z-real-estate-branding/ Sun, 08 Oct 2023 04:42:57 +0000 http://www.realestatemy.com/?p=3290 A to Z of Real Estate     In conclusion, the A to Z of Real Estate Branding serves as an essential guide, mapping out the journey to creating a compelling and memorable brand. From understanding your audience to leveraging the power of storytelling, each step is a vital component in building a brand that […]

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A to Z of Real Estate

 

a to z on real estate

 

In conclusion, the A to Z of Real Estate Branding serves as an essential guide, mapping out the journey to creating a compelling and memorable brand. From understanding your audience to leveraging the power of storytelling, each step is a vital component in building a brand that resonates with clients and stands out in a competitive market.

Remember, your brand is more than just a logo or a slogan; it’s the emotional and psychological relationship you establish with your customers. By following these guidelines, real estate professionals can craft a brand that not only reflects their values and vision but also attracts and retains a loyal clientele. Embrace these principles, and watch your real estate brand flourish.

 

Download Now: Real Estate Marketing Plan Template [Free Access]

 

 

Stay tuned with the realestatemy.com/blog for more up-to-date tips and guides for real estate marketing professionals.

 

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How do property agents prepare for a client viewing https://www.realestatemy.com/property-agents-prepare-client-viewing/ Thu, 28 Sep 2023 01:02:31 +0000 http://www.realestatemy.com/?p=3190 Agent Preparation For Viewing   The first thing to remember is not to be unprepared. Prepare well for the viewing; ideally, plan one day in advance. Remember your personal value and your list of key differentiators from your competition, and practice saying them in your conversation with clients. You have to know your competition well, […]

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Agent Preparation For Viewing

 

The first thing to remember is not to be unprepared. Prepare well for the viewing; ideally, plan one day in advance. Remember your personal value and your list of key differentiators from your competition, and practice saying them in your conversation with clients.

You have to know your competition well, and anticipate what they’ll likely say and present to your clients. Knowing this you can neutralise their strengths and exploit their weaknesses by emphasising your core principal and strengths and key value differentiators.

Familiarise yourself with your client’s location. Drive around or walk around it. Know the property market stats inside and out, and how to interpret and pull insights from these stats. Demonstrate how these real estate stats relate to national statistics; also remember, that your potential client will likely have heard more information about national housing trends than he/she will have heard about local trends, so use this to your advantage. By showing your understanding of the block-by-block listing activity around the prospect’s property, and how this relates to national statistics, you are showing your own expertise and reassuring any type of client that you are a competent, knowledgeable, and trustworthy real estate negotiator.

 

Download Now: Real Estate Marketing Plan Template [Free Access]

 

Put your understanding of the type of client you’re meeting into action.

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A first time buyers/seller needs education, coaching, and a detailed walk-through of the home buying and selling process. With this type of client you’re an expert and mentor. Reassure them that you’ve got everything covered so they don’t have to worry.

For a seasoned buyer/seller, you may want to touch on your experience and knowledge but most of the time these clients will want you to cut to the chase on your points of differentiation from other agents. How will you market their property? How big is your database of contacts and listings and do they match the client’s property requirements?

For your luxury, downsize, upsize, or investor customers, make a list of five to 10 questions they will likely ask (based on your initial phone call with them). Answer these questions and layer theses answers into your client presentation.

Here are some general guidelines to help your presentation preparation around:

Investment

– They care how fast you can transact the property and for how much.

Luxury

– Bring a marketing plan that goes above and beyond the status quo.

Upsize

– This client needs to get the most for their current situation so they can move up.

Downsize

– This is most likely the last property they will transact, as their retirement is top of mind.

Real-Estate-Agents-evaluation

When Its Viewing Time, Keep These 7 Tips In Mind

 

  1. Show your past client references and testimonials
  2. Dress up for success
  3. Prepare for a digital real estate presentation but have a backup in case your digital devices fail
  4. Have everything prepared the day before; this means your presentation, testimonials, agreement, etc. NEVER prepare the day of the meeting.
  5. Always show up 15 minutes early
  6. Show your existing database to demonstrate how good you are
  7. Practice your affirmations before your presentation to get in the right frame of mind to do well!

 

Dealing at the office

Do Your Presentation Well

 

buyer real estate agent

TRUST IN YOUR ACTUAL PREPARATION

Now that it’s viewing time, trust in your preparation. Winning a client is never a sure thing, so you have to be on top of your game, appear relaxed, knowledgeable, and authoritative.

ASK FOR THE DEAL

Are your clients already dealing with multiple agents? Even if you’re first to present against your competition, ask for the business…you may be surprised that the client is ready to move forward to go exclusive without meeting with other agencies. And you can have the pleasure of personally informing your competition that your are exclusive!

POLITE PERSISTENCE

If the client does not offer you the deal, have a follow-up process in place to stay in touch. Remember, polite persistence is important. Ask them the best way to keep in touch and setup a reminder immediately.

 

Stay tuned with the realestatemy.com/blog for more up-to-date tips and guides for real estate marketing professionals.

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How to prepare for a real estate client call https://www.realestatemy.com/prepare-real-estate-client-call/ Tue, 19 Sep 2023 01:11:48 +0000 http://www.realestatemy.com/?p=3185 Client Call Preparation   Download Now: Real Estate Marketing Plan Template [Free Access]   STEP 1: PREPARE FOR THE CALL   This is the conversation that secures you the actual property viewing. Which is very critical! SAY YOUR PERSONAL AFFIRMATIONS OUT LOUD Real estate is a very hard, and highly competitive business. The way to […]

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Client Call Preparation

How to prepare for a real estate client call

 

Download Now: Real Estate Marketing Plan Template [Free Access]

 

STEP 1: PREPARE FOR THE CALL

 

This is the conversation that secures you the actual property viewing. Which is very critical!

SAY YOUR PERSONAL AFFIRMATIONS OUT LOUD

Real estate is a very hard, and highly competitive business. The way to stay positive is to repeat your daily personal affirmations. It may sound silly, but thinking positive, believing in yourself and your skills, and reminding yourself that you are there to help and nurture your clients. These are very critical steps to ensuring success in business – and also in life.

 

KNOW YOUR PERSONAL VALUE

You need to know and understand your value. What is your personal approach and differentiator from your competition? Make a list of 3 to 5 differentiators, recite these every morning as part of your daily affirmation ritual. Remember, that clients respect value and professionalism.

 

KNOW YOUR LEAD SOURCES

You may not know much about your potential seller client at first, but you need to know where you connected with them. How you received the lead dictates the general approach you should take. Was this a referral from a previous client? family connection? Someone you reached while doing follow ups on expired listings? Did you get this buyer lead from a Facebook ad posting, a property classifieds, or your extended network? If your buyer lead came from a google advertising, you can assume that they’ll have some idea about the property they are looking for, so you can tailor your approach around this information. Be prepared to address the buyers needs and how you’ll provide a more complete data based on your local expertise.

 

UNDERSTAND THE LOCAL MARKET

It is crucial to understanding your local market, know all your stats, trends, and projections. Refreshing yourself on this information weekly and practicing on how you’ll deliver and explain its significance is very important to establishing trust during your initial conversations with prospects. Take a look through the property portals to get a sense as to how these real estate platforms are presenting market information and information to visitors. Remember, you need to help your clients with information gathering, which most likely will have included, reading through major property portals as part of the data gathering process.

 

PRACTICE YOUR SCRIPTS

Practice your scripts so they don’t come across as fake, unnatural or robotic with responses. Practice on a weekly basis, once in face-to-face role playing and once via the phone. Role play objection handling, general Q&A, and recite the two most important property market stats for a variety of locations in your prospecting territory. This consistent preparation will allow you to quickly and authoritatively answer any questions from prospects.

 

real estate agent on call

 

 

STEP 2: THE ACTUAL CALL

 

First find out what type of property buyer/seller you are speaking to. The type of prospect you are speaking with will influence your overall approach:

For a first time seller, your conversations should demonstrate your understanding of the selling process and how you’ll guide them through it.

If they’ve sold a home before, they’ll likely have a good idea as to the process and what to expect, so you should focus on getting answers to the next three questions below:

 

Question #1: What are you looking for in a real estate agent?

By answering this question, you are essentially receiving your metrics to succeed; meet these metrics and you will be increasing your odds of winning the deal.

 

Question #2: Who are my competition?

When you know who you are competing against you can gauge their weaknesses and strengths, so you can showcase the qualities that set you apart from other real estate agencies and agents.

 

Question #3: Why are they are buying or selling?

Try to uncover the real motivations of your prospect and leverage your knowledge and experience to tailor your approach and communication style.

 

realestatemy offer

 

Conclusion

In conclusion, preparing for a real estate client call is crucial in establishing a professional and informed interaction. Researching the client’s background and preferences, reviewing any previous communications, and understanding their specific needs and expectations are key steps. Having a clear agenda and set of objectives for the call ensures a focused conversation.

Familiarising yourself with the relevant property details, market trends, and potential questions the client might ask allows you to provide valuable insights. Additionally, setting up a quiet, interruption-free environment for the call helps maintain professionalism. Effective preparation not only demonstrates your dedication and expertise as an agent but also builds trust and confidence with the client, paving the way for a successful relationship and potentially fruitful transactions.

 

Stay tuned with the realestatemy.com/blog for more up-to-date tips and guides for real estate marketing professionals.

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The secret life of a real estate professional https://www.realestatemy.com/secret-life-real-estate-professional/ https://www.realestatemy.com/secret-life-real-estate-professional/#respond Mon, 15 May 2023 04:24:18 +0000 http://www.realestatemy.com/?p=3296 Stay tuned with the realestatemy.com/blog for more up-to-date tips and guides for real estate marketing professionals.

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The secret life of a real estate agent
secret life of a real estate agent

 

Download Now: Real Estate Marketing Plan Template [Free Access]

 

In conclusion, the infographic “The Secret Life of a Real Estate Professional” offers a revealing glimpse into the multifaceted and dynamic nature of a career in real estate. It highlights the diverse roles a real estate agent plays, from a negotiator and marketer to a counselor and community expert. This visual journey underscores the balance of hard work, dedication, and interpersonal skills required to excel in this field.

It also sheds light on the often-overlooked aspects of the job, such as continuous learning and the importance of networking. For those considering a career in real estate or clients looking to understand their agent’s value, this infographic serves as an eye-opening portrayal of the dedication and versatility that defines the profession.

 

Stay tuned with the realestatemy.com/blog for more up-to-date tips and guides for real estate marketing professionals.

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Real Estate Inbound Marketing Guide https://www.realestatemy.com/real-estate-inbound-marketing-guide/ https://www.realestatemy.com/real-estate-inbound-marketing-guide/#respond Thu, 11 May 2023 04:23:16 +0000 http://www.realestatemy.com/?p=3294     Download Now: Real Estate Marketing Plan Template [Free Access]   In summary, the “Real Estate Inbound Marketing Guide” infographic provides a comprehensive roadmap for real estate professionals looking to harness the power of inbound marketing. It emphasises the importance of creating valuable content, leveraging social media, and employing SEO strategies to attract and […]

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Real Estate Inbound Marketing Guide Infographic
inbound marketing real estate

 

 

Download Now: Real Estate Marketing Plan Template [Free Access]

 

In summary, the “Real Estate Inbound Marketing Guide” infographic provides a comprehensive roadmap for real estate professionals looking to harness the power of inbound marketing. It emphasises the importance of creating valuable content, leveraging social media, and employing SEO strategies to attract and engage potential clients.

This guide underlines that in the digital age, building meaningful relationships and establishing trust online are key to converting leads into loyal customers. By integrating these inbound marketing techniques, real estate agents and companies can effectively position themselves as industry leaders, offering insightful solutions to their client’s needs. Ultimately, this approach not only enhances visibility and reach but also fosters sustainable growth in the competitive world of real estate.

 

Stay tuned with the realestatemy.com/blog for more up-to-date tips and guides for real estate marketing professionals.

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The importance of property lead response speed https://www.realestatemy.com/importance-property-lead-response-speed/ https://www.realestatemy.com/importance-property-lead-response-speed/#respond Thu, 04 May 2023 04:22:27 +0000 http://www.realestatemy.com/?p=3292   Download Now: Real Estate Marketing Plan Template [Free Access]   In conclusion, the infographic on “The Importance of Property Lead Response Speed” compellingly highlights the critical role that swift response times play in the real estate industry. Quick engagement with potential clients not only increases the chances of successful transactions but also establishes a […]

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The speed to property lead
real estate leads speed

 

Download Now: Real Estate Marketing Plan Template [Free Access]

 

In conclusion, the infographic on “The Importance of Property Lead Response Speed” compellingly highlights the critical role that swift response times play in the real estate industry. Quick engagement with potential clients not only increases the chances of successful transactions but also establishes a reputation for efficiency and attentiveness, crucial in this fast-paced market.

The data presented underscores the fact that in the digital age, where instant communication is the norm, delayed responses can equate to lost opportunities. For real estate professionals, prioritising rapid response to property leads is not just a best practice; it’s an essential strategy for staying competitive and maximising success in the field.

 

Stay tuned with the realestatemy.com/blog for more up-to-date tips and guides for real estate marketing professionals.

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Cost of being a real estate agent https://www.realestatemy.com/cost-real-estate-agent/ https://www.realestatemy.com/cost-real-estate-agent/#respond Thu, 27 Apr 2023 04:52:34 +0000 http://www.realestatemy.com/?p=3299 The cost of being a real estate agent   Download Now: Real Estate Marketing Plan Template [Free Access]   In summary, this infographic vividly illustrates that the cost of being a real estate agent encompasses far more than financial investments. Beyond the initial licensing fees and continuing education costs, agents must invest in marketing, technology, […]

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The cost of being a real estate agent

cost of being a real estate agent

 

Download Now: Real Estate Marketing Plan Template [Free Access]

 

In summary, this infographic vividly illustrates that the cost of being a real estate agent encompasses far more than financial investments. Beyond the initial licensing fees and continuing education costs, agents must invest in marketing, technology, and often overlooked personal expenses such as travel and networking.

However, these costs are balanced by the potential for significant returns, both financially and in career satisfaction. Aspiring agents should view these expenses as investments in their professional growth, equipping them with the tools and skills necessary to succeed in the competitive world of real estate. Ultimately, while the costs can be substantial, the rewards of a successful career in real estate often far outweigh the initial outlays.

 

Stay tuned with the realestatemy.com/blog for more up-to-date tips and guides for real estate marketing professionals.

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5 keys to success for new real estate agents https://www.realestatemy.com/5-keys-success-new-real-estate-agents/ https://www.realestatemy.com/5-keys-success-new-real-estate-agents/#respond Thu, 13 Apr 2023 04:53:44 +0000 http://www.realestatemy.com/?p=3298 Keys to success in real estate   Download Now: Real Estate Marketing Plan Template [Free Access]   In conclusion, the journey to becoming a successful real estate agent is both challenging and rewarding, requiring a blend of dedication, skill, and strategic thinking. The five keys to success for new agents—building a strong network, mastering local […]

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Keys to success in real estate

keys to success in real estate

 

Download Now: Real Estate Marketing Plan Template [Free Access]

 

In conclusion, the journey to becoming a successful real estate agent is both challenging and rewarding, requiring a blend of dedication, skill, and strategic thinking. The five keys to success for new agents—building a strong network, mastering local market knowledge, embracing technology, developing a niche, and consistently providing exceptional customer service—are fundamental building blocks.

By focusing on these areas, new real estate agents can set a strong foundation for a thriving career. Success in real estate is not just about making sales; it’s about creating lasting relationships, understanding clients’ needs, and being a trusted advisor in one of life’s most significant decisions. With commitment and perseverance, new agents can transform these keys into a pathway towards a fulfilling and prosperous career in real estate.

 

Stay tuned with the realestatemy.com/blog for more up-to-date tips and guides for real estate marketing professionals.

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How to choose a property location to specialise in https://www.realestatemy.com/how-to-choose-a-property-location-to-specialise-in/ https://www.realestatemy.com/how-to-choose-a-property-location-to-specialise-in/#respond Tue, 21 Feb 2023 01:05:43 +0000 http://www.realestatemy.com/?p=3486 Location Specialisation How do you choose the right area for your geographic listing and lead generation efforts? You should start with your successes. Figure out where you’ve had the most transactions in your career and think about building your niche from there.   Download Now: Real Estate Marketing Plan Template [Free Access]   Here are […]

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Location Specialisation

real estate location

How do you choose the right area for your geographic listing and lead generation efforts? You should start with your successes. Figure out where you’ve had the most transactions in your career and think about building your niche from there.

 

Download Now: Real Estate Marketing Plan Template [Free Access]

 

Here are some important factors to consider:

How to choose a property location to specialise in

  1. Evaluate The Average Selling Price

    It’s no secret that for most locations, profit is built on the number of deals you close and the average price of each transaction. If you currently fall into a pricing niche and are seeing success, choose a target area that is the same as that price range. If you’re a new agent, it’s safe to focus on neighbourhoods where homes/condos sell around the average price for your location.


    real estate chinese new year

  2. Research The Opportunity

    Make sure there is significant opportunity for sales. Do some research and find the sweet spot on property numbers: enough to make the return worth your time and efforts, but don’t focus on so many that your marketing budget is spread thin. 200 homes is a good starting point for agents just branching out into a new area, and of course you can expand as business grows.

     

    real estate research

     

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  3. Find Out The Real Estate Turnover Rate

    Choose an active area to specialise in, the ideal turnover rates will vary from city-to-city, but a general rule of thumb is to target an area with at least a turnover rate of 6-8%. Regardless, you want an area that’s moving enough to give you opportunity and business.


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  4. Know The Competition

    You will need to scope out who’s doing property deals in the area. There are two likely scenarios:
    • The location doesn’t have any agents that are dominating the market share.
    • The area has a clear agent in charge, which might prove a challenge.
    Either way, this presents a good opportunity to win over residents with targeted real estate marketing. Once they see your brand and your value, they’ll come calling on the new expert in town.


    real estate competition

  5. Your Connection

    While all the above criteria is pretty critical, its important to be mentioning that it can be a huge benefit to choose an area that you identify with on a personal level. Enthusiasm for a location will add authenticity to your digital marketing and enhance the positive interactions you’ll have with residents. When you love what you’re doing and where you’re doing it, it will show.
    Although selecting the right area to specialise in can seem like a huge challenge on its own, it’s only the tip of the iceberg. If you want to see the best results from your selected location, you have to develop the right property marketing strategy to help you get more listings, and generate more leads to your real estate website.

    promote yourself

Stay tuned with the realestatemy.com/blog for more up-to-date tips and guides for real estate marketing professionals.

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