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FUNDAMENTALS IN REAL ESTATE SERIES PART 7
SALES ASSOCIATE PERSONAL FINANCES
Pranav Pandya
Franchise Development Manager
RE/MAX Mumbai Gujarat Maharashtra
RE/MAX Mumbai Gujarat Maharashtra
Recap
Part 1 - Getting Started
Part 2 - Marketing
Part 3 - Prospecting
Part 4 - Working with Sellers
Part 5 - Working with Buyers
Part 6 – Generating Referrals
Today’s Agenda
• Have a budget
• Keep your business and personal finances
separate
• Manage your cash flow
• Five finance secrets of successful RE/MAX
agents
• 7 Secrets to Winning Over More Buyers
• 6 Best Practices for Online Leads
Have a Budget
RE/MAX Mumbai Gujarat Maharashtra
Categories
•Giving back to the community
•Saving and investing
•The RE/MAX fees
•Business expenses
•Personal expenses
•Fun and luxury
Keep your business and
personal finances separate
Manage your cash flow
5 Finance Secrets of Successful RE/MAX Sales Associates
RE/MAX Mumbai Gujarat Maharashtra
1. Take charge of your finances. The easiest way to
lose control of your business is to lose control of
your money.
2. Don’t buy consumer items (cars, clothing,
vacations, etc.) on credit.
3. Use credit cards only for convenience,
not for carrying debt.
RE/MAX Mumbai Gujarat Maharashtra
4. Live within your means and don’t try to keep
up with your co-workers, neighbors, and family
members.
5. Invest in real estate. You can make money
selling real estate, but you can get rich by
buying real estate. Make the specialized
knowledge that you have work for you hard
7 SECRETS TO WINNING
OVER MORE BUYERS
RE/MAX Mumbai Gujarat Maharashtra
Don’t Be Slow to Respond
RE/MAX Mumbai Gujarat Maharashtra
Be a Savvy Negotiator
RE/MAX Mumbai Gujarat Maharashtra
Don’t Come Across as an Amateur
RE/MAX Mumbai Gujarat Maharashtra
Have a Web Presence
RE/MAX Mumbai Gujarat Maharashtra
Don’t Dodge a Question
RE/MAX Mumbai Gujarat Maharashtra
Follow the 3 E’s
•Educate
•Empathize
•Encourage
RE/MAX Mumbai Gujarat Maharashtra
Don’t Pull a Houdini
6 BEST PRACTICES FOR
ONLINE LEADS
RE/MAX Mumbai Gujarat Maharashtra
Respond in Kind
RE/MAX Mumbai Gujarat Maharashtra
Don’t Call Them
RE/MAX Mumbai Gujarat Maharashtra
Always Include Your E-mail Signature
RE/MAX Mumbai Gujarat Maharashtra
There’s No Such Thing as Too Fast
RE/MAX Mumbai Gujarat Maharashtra
Keep in Touch, Or Else
RE/MAX Mumbai Gujarat Maharashtra
Treat Online Leads Like Human Beings
RE/MAX Mumbai Gujarat Maharashtra
Thank You

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Fundamentals in Real Estate Series Part 7 Sales Associate Personal Finances