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	<title>Comments on: What Business Are Realtors Really In?</title>
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	<description>Conversations about the real estate industry, marketing, technology, and public policy</description>
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		<title>By: Agent Value in the Age of Ebay &#171; The Notorious R.O.B.</title>
		<link>http://www.notorious-rob.com/2008/07/29/what-business-are-realtors-really-in/#comment-322</link>
		<dc:creator>Agent Value in the Age of Ebay &#171; The Notorious R.O.B.</dc:creator>
		<pubDate>Wed, 04 Feb 2009 04:23:48 +0000</pubDate>
		<guid isPermaLink="false">http://robhahn.wordpress.com/?p=195#comment-322</guid>
		<description>[...] no doubt that realtors will have some value in a perfectly transparent market.  As the comments in this old thread shows, realtors actually do quite a bit more than just provide pricing guidance.  They do [...]</description>
		<content:encoded><![CDATA[<p>[...] no doubt that realtors will have some value in a perfectly transparent market.  As the comments in this old thread shows, realtors actually do quite a bit more than just provide pricing guidance.  They do [...]</p>
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		<title>By: Sean Purcell</title>
		<link>http://www.notorious-rob.com/2008/07/29/what-business-are-realtors-really-in/#comment-321</link>
		<dc:creator>Sean Purcell</dc:creator>
		<pubDate>Mon, 04 Aug 2008 16:38:25 +0000</pubDate>
		<guid isPermaLink="false">http://robhahn.wordpress.com/?p=195#comment-321</guid>
		<description>Terrific comment string on a well written post.  When I speak to groups of agents (which I do from time to time) I always ask them what they do for a living. I rarely get the correct answer.  Agents respond with many of the same thoughtful answers seen above.  But representing clients, neighborhood knowledge, technical mastery and the like are how you get paid.  What you do for a living is: marketing.  We are in the marketing business.  We market our business first and foremost (otherwise there is no business) and we market listings and we market buyers.

I have an entire class based on the pyramid of teaching that agents go through and how upside down it is.  The primary teaching that goes on in a brokerage regards contracts and escrow process.  This is the least important aspect of what you do for a living. (It is very important to how you get paid and even more important to how you keep what you got paid - but it is at the bottom of the scale in measuring what agents do for a living.)  Contracts are &quot;fill-in-the-blank&quot; boiler plate.  For $300/transaction you can have someone do it for you.  If there comes a time when a contract is unclear... an agent is not allowed to advise anyway!  It goes backward from there: how to close a listing, how to show a home, how to run an open house until finally, just maybe, if there is anytime left, the broker might talk about marketing.

This is beginning to feel like a whole post that needs to be written so I will leave off the rant.  Suffice to say that if you look around at the listings in your neighborhood you will see the antithesis of good marketing.  If you look around at the &quot;marketing&quot; pieces that our fellow agents use they are the antithesis of good marketing - especially in a 2.0 world.

Learn marketing.  Combine that marketing with true and passionate caring for your client - make it comfortable for them to put their trust in you.  Almost every other aspect of what an agent does can be outsourced.</description>
		<content:encoded><![CDATA[<p>Terrific comment string on a well written post.  When I speak to groups of agents (which I do from time to time) I always ask them what they do for a living. I rarely get the correct answer.  Agents respond with many of the same thoughtful answers seen above.  But representing clients, neighborhood knowledge, technical mastery and the like are how you get paid.  What you do for a living is: marketing.  We are in the marketing business.  We market our business first and foremost (otherwise there is no business) and we market listings and we market buyers.</p>
<p>I have an entire class based on the pyramid of teaching that agents go through and how upside down it is.  The primary teaching that goes on in a brokerage regards contracts and escrow process.  This is the least important aspect of what you do for a living. (It is very important to how you get paid and even more important to how you keep what you got paid &#8211; but it is at the bottom of the scale in measuring what agents do for a living.)  Contracts are &#8220;fill-in-the-blank&#8221; boiler plate.  For $300/transaction you can have someone do it for you.  If there comes a time when a contract is unclear&#8230; an agent is not allowed to advise anyway!  It goes backward from there: how to close a listing, how to show a home, how to run an open house until finally, just maybe, if there is anytime left, the broker might talk about marketing.</p>
<p>This is beginning to feel like a whole post that needs to be written so I will leave off the rant.  Suffice to say that if you look around at the listings in your neighborhood you will see the antithesis of good marketing.  If you look around at the &#8220;marketing&#8221; pieces that our fellow agents use they are the antithesis of good marketing &#8211; especially in a 2.0 world.</p>
<p>Learn marketing.  Combine that marketing with true and passionate caring for your client &#8211; make it comfortable for them to put their trust in you.  Almost every other aspect of what an agent does can be outsourced.</p>
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		<title>By: Sean Purcell</title>
		<link>http://www.notorious-rob.com/2008/07/29/what-business-are-realtors-really-in/#comment-3605</link>
		<dc:creator>Sean Purcell</dc:creator>
		<pubDate>Mon, 04 Aug 2008 16:38:00 +0000</pubDate>
		<guid isPermaLink="false">http://robhahn.wordpress.com/?p=195#comment-3605</guid>
		<description>Terrific comment string on a well written post.  When I speak to groups of agents (which I do from time to time) I always ask them what they do for a living. I rarely get the correct answer.  Agents respond with many of the same thoughtful answers seen above.  But representing clients, neighborhood knowledge, technical mastery and the like are how you get paid.  What you do for a living is: marketing.  We are in the marketing business.  We market our business first and foremost (otherwise there is no business) and we market listings and we market buyers.

I have an entire class based on the pyramid of teaching that agents go through and how upside down it is.  The primary teaching that goes on in a brokerage regards contracts and escrow process.  This is the least important aspect of what you do for a living. (It is very important to how you get paid and even more important to how you keep what you got paid - but it is at the bottom of the scale in measuring what agents do for a living.)  Contracts are &quot;fill-in-the-blank&quot; boiler plate.  For $300/transaction you can have someone do it for you.  If there comes a time when a contract is unclear... an agent is not allowed to advise anyway!  It goes backward from there: how to close a listing, how to show a home, how to run an open house until finally, just maybe, if there is anytime left, the broker might talk about marketing.

This is beginning to feel like a whole post that needs to be written so I will leave off the rant.  Suffice to say that if you look around at the listings in your neighborhood you will see the antithesis of good marketing.  If you look around at the &quot;marketing&quot; pieces that our fellow agents use they are the antithesis of good marketing - especially in a 2.0 world.

Learn marketing.  Combine that marketing with true and passionate caring for your client - make it comfortable for them to put their trust in you.  Almost every other aspect of what an agent does can be outsourced.</description>
		<content:encoded><![CDATA[<p>Terrific comment string on a well written post.  When I speak to groups of agents (which I do from time to time) I always ask them what they do for a living. I rarely get the correct answer.  Agents respond with many of the same thoughtful answers seen above.  But representing clients, neighborhood knowledge, technical mastery and the like are how you get paid.  What you do for a living is: marketing.  We are in the marketing business.  We market our business first and foremost (otherwise there is no business) and we market listings and we market buyers.</p>
<p>I have an entire class based on the pyramid of teaching that agents go through and how upside down it is.  The primary teaching that goes on in a brokerage regards contracts and escrow process.  This is the least important aspect of what you do for a living. (It is very important to how you get paid and even more important to how you keep what you got paid &#8211; but it is at the bottom of the scale in measuring what agents do for a living.)  Contracts are &#8220;fill-in-the-blank&#8221; boiler plate.  For $300/transaction you can have someone do it for you.  If there comes a time when a contract is unclear&#8230; an agent is not allowed to advise anyway!  It goes backward from there: how to close a listing, how to show a home, how to run an open house until finally, just maybe, if there is anytime left, the broker might talk about marketing.</p>
<p>This is beginning to feel like a whole post that needs to be written so I will leave off the rant.  Suffice to say that if you look around at the listings in your neighborhood you will see the antithesis of good marketing.  If you look around at the &#8220;marketing&#8221; pieces that our fellow agents use they are the antithesis of good marketing &#8211; especially in a 2.0 world.</p>
<p>Learn marketing.  Combine that marketing with true and passionate caring for your client &#8211; make it comfortable for them to put their trust in you.  Almost every other aspect of what an agent does can be outsourced.</p>
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		<title>By: This week&#8217;s blog watch: First week of August 2008 &#124; Real Estate Industry Watch</title>
		<link>http://www.notorious-rob.com/2008/07/29/what-business-are-realtors-really-in/#comment-320</link>
		<dc:creator>This week&#8217;s blog watch: First week of August 2008 &#124; Real Estate Industry Watch</dc:creator>
		<pubDate>Fri, 01 Aug 2008 23:50:30 +0000</pubDate>
		<guid isPermaLink="false">http://robhahn.wordpress.com/?p=195#comment-320</guid>
		<description>[...] Rob (the Notorious One ) and Mike Farmer (along with Louis from HomeGain) got into a discussion about what real estate actually is. Rob&#8217;s synopsis of it is here. [...]</description>
		<content:encoded><![CDATA[<p>[...] Rob (the Notorious One ) and Mike Farmer (along with Louis from HomeGain) got into a discussion about what real estate actually is. Rob&#8217;s synopsis of it is here. [...]</p>
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		<title>By: Susie Blackmon</title>
		<link>http://www.notorious-rob.com/2008/07/29/what-business-are-realtors-really-in/#comment-319</link>
		<dc:creator>Susie Blackmon</dc:creator>
		<pubDate>Fri, 01 Aug 2008 21:57:28 +0000</pubDate>
		<guid isPermaLink="false">http://robhahn.wordpress.com/?p=195#comment-319</guid>
		<description>Wow.  I hit the jackpot here.. assume a few comments will kindly be tolerated. First, it is too easy to get licensed. Second, I agree that hyper-local is GREAT.  However, just knowing about an area because you have lived there a long time is not going to be enough anymore.  There are many realtors who can say they are hyper-local, but the depth of their expertise outside those boundaries is going to be key to setting them apart as I just don&#039;t picture the younger generation being able to relate to, or want to do business with, someone selling real estate because they&#039;ve never done anything else and the kids are gone.... unless of course they are tech savvy, smart, and want to be a PROFESSIONAL realtor.</description>
		<content:encoded><![CDATA[<p>Wow.  I hit the jackpot here.. assume a few comments will kindly be tolerated. First, it is too easy to get licensed. Second, I agree that hyper-local is GREAT.  However, just knowing about an area because you have lived there a long time is not going to be enough anymore.  There are many realtors who can say they are hyper-local, but the depth of their expertise outside those boundaries is going to be key to setting them apart as I just don&#8217;t picture the younger generation being able to relate to, or want to do business with, someone selling real estate because they&#8217;ve never done anything else and the kids are gone&#8230;. unless of course they are tech savvy, smart, and want to be a PROFESSIONAL realtor.</p>
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		<title>By: Susie Blackmon</title>
		<link>http://www.notorious-rob.com/2008/07/29/what-business-are-realtors-really-in/#comment-3604</link>
		<dc:creator>Susie Blackmon</dc:creator>
		<pubDate>Fri, 01 Aug 2008 21:57:00 +0000</pubDate>
		<guid isPermaLink="false">http://robhahn.wordpress.com/?p=195#comment-3604</guid>
		<description>Wow.  I hit the jackpot here.. assume a few comments will kindly be tolerated. First, it is too easy to get licensed. Second, I agree that hyper-local is GREAT.  However, just knowing about an area because you have lived there a long time is not going to be enough anymore.  There are many realtors who can say they are hyper-local, but the depth of their expertise outside those boundaries is going to be key to setting them apart as I just don&#039;t picture the younger generation being able to relate to, or want to do business with, someone selling real estate because they&#039;ve never done anything else and the kids are gone.... unless of course they are tech savvy, smart, and want to be a PROFESSIONAL realtor.</description>
		<content:encoded><![CDATA[<p>Wow.  I hit the jackpot here.. assume a few comments will kindly be tolerated. First, it is too easy to get licensed. Second, I agree that hyper-local is GREAT.  However, just knowing about an area because you have lived there a long time is not going to be enough anymore.  There are many realtors who can say they are hyper-local, but the depth of their expertise outside those boundaries is going to be key to setting them apart as I just don&#8217;t picture the younger generation being able to relate to, or want to do business with, someone selling real estate because they&#8217;ve never done anything else and the kids are gone&#8230;. unless of course they are tech savvy, smart, and want to be a PROFESSIONAL realtor.</p>
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		<title>By: Friday Links &#124; The Phoenix Real Estate Guy</title>
		<link>http://www.notorious-rob.com/2008/07/29/what-business-are-realtors-really-in/#comment-311</link>
		<dc:creator>Friday Links &#124; The Phoenix Real Estate Guy</dc:creator>
		<pubDate>Fri, 01 Aug 2008 18:50:53 +0000</pubDate>
		<guid isPermaLink="false">http://robhahn.wordpress.com/?p=195#comment-311</guid>
		<description>[...] The Notorious R.O.B. &#8212; Rob Hahn &#8212; who I had the extreme&#160;pleasure of meeting last week at Inman Connect, has a very interesting article (and comment discussion) posted: What Business Are Realtors Really In? [...]</description>
		<content:encoded><![CDATA[<p>[...] The Notorious R.O.B. &mdash; Rob Hahn &mdash; who I had the extreme&nbsp;pleasure of meeting last week at Inman Connect, has a very interesting article (and comment discussion) posted: What Business Are Realtors Really In? [...]</p>
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		<title>By: Matt Fagioli</title>
		<link>http://www.notorious-rob.com/2008/07/29/what-business-are-realtors-really-in/#comment-318</link>
		<dc:creator>Matt Fagioli</dc:creator>
		<pubDate>Thu, 31 Jul 2008 20:43:45 +0000</pubDate>
		<guid isPermaLink="false">http://robhahn.wordpress.com/?p=195#comment-318</guid>
		<description>Oh, Rob.
So you were that jerk!  (just kidding)

I actually appreciated all your questions and comments.
and, yes, we ARE a franchise.
Can&#039;t remember exactly what I said about it there in SF.
We have not filed our FDD in California so I was being pretty vague about stuff.

And, yes, we&#039;re adding a pretty kickin&#039; CRM to our backend also.

Love to talk more to you about it.

ps.  it would be awesome if you added a comment tracker (or whatever you call it) to your blog so I can get notified when others comment on the same post, etc.</description>
		<content:encoded><![CDATA[<p>Oh, Rob.<br />
So you were that jerk!  (just kidding)</p>
<p>I actually appreciated all your questions and comments.<br />
and, yes, we ARE a franchise.<br />
Can&#8217;t remember exactly what I said about it there in SF.<br />
We have not filed our FDD in California so I was being pretty vague about stuff.</p>
<p>And, yes, we&#8217;re adding a pretty kickin&#8217; CRM to our backend also.</p>
<p>Love to talk more to you about it.</p>
<p>ps.  it would be awesome if you added a comment tracker (or whatever you call it) to your blog so I can get notified when others comment on the same post, etc.</p>
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		<title>By: Matt Fagioli</title>
		<link>http://www.notorious-rob.com/2008/07/29/what-business-are-realtors-really-in/#comment-3603</link>
		<dc:creator>Matt Fagioli</dc:creator>
		<pubDate>Thu, 31 Jul 2008 20:43:00 +0000</pubDate>
		<guid isPermaLink="false">http://robhahn.wordpress.com/?p=195#comment-3603</guid>
		<description>Oh, Rob.
So you were that jerk!  (just kidding)

I actually appreciated all your questions and comments.
and, yes, we ARE a franchise.
Can&#039;t remember exactly what I said about it there in SF.
We have not filed our FDD in California so I was being pretty vague about stuff.

And, yes, we&#039;re adding a pretty kickin&#039; CRM to our backend also.

Love to talk more to you about it.

ps.  it would be awesome if you added a comment tracker (or whatever you call it) to your blog so I can get notified when others comment on the same post, etc.</description>
		<content:encoded><![CDATA[<p>Oh, Rob.<br />
So you were that jerk!  (just kidding)</p>
<p>I actually appreciated all your questions and comments.<br />
and, yes, we ARE a franchise.<br />
Can&#8217;t remember exactly what I said about it there in SF.<br />
We have not filed our FDD in California so I was being pretty vague about stuff.</p>
<p>And, yes, we&#8217;re adding a pretty kickin&#8217; CRM to our backend also.</p>
<p>Love to talk more to you about it.</p>
<p>ps.  it would be awesome if you added a comment tracker (or whatever you call it) to your blog so I can get notified when others comment on the same post, etc.</p>
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		<title>By: Jim Duncan</title>
		<link>http://www.notorious-rob.com/2008/07/29/what-business-are-realtors-really-in/#comment-317</link>
		<dc:creator>Jim Duncan</dc:creator>
		<pubDate>Thu, 31 Jul 2008 19:53:43 +0000</pubDate>
		<guid isPermaLink="false">http://robhahn.wordpress.com/?p=195#comment-317</guid>
		<description>All I can add to the conversation from here is that I&#039;m grateful to know Daniel, Jay and Bill as they&#039;re helping to set the standard for what a Realtor &lt;em&gt;should&lt;/em&gt; be.

A quality Realtor is one who &lt;em&gt;doesn&#039;t&lt;/em&gt; sell anything. He represents his clients best interests and places said client&#039;s interests as the paramount concern. Sometimes this is listening, counseling, guiding, interpreting, advising - on price, terms, etc - and sometimes this is negotiating - with the client as well as other Realtors.

Part of being a great Realtor is knowing who the other &quot;good&quot; professionals are who the &quot;bad&quot; ones are. How does one quantify this knowledge?

Using all of the above, we have to set expectations appropriately for all involved. Personally, I consult and I adapt to my clients&#039; needs.

The profession has tried to protect &quot;what we do&quot; for so long (when often it was just putting a property in the MLS) that we have neglected to clarify exactly what we do - even when the list is extraordinarily long.</description>
		<content:encoded><![CDATA[<p>All I can add to the conversation from here is that I&#8217;m grateful to know Daniel, Jay and Bill as they&#8217;re helping to set the standard for what a Realtor <em>should</em> be.</p>
<p>A quality Realtor is one who <em>doesn&#8217;t</em> sell anything. He represents his clients best interests and places said client&#8217;s interests as the paramount concern. Sometimes this is listening, counseling, guiding, interpreting, advising &#8211; on price, terms, etc &#8211; and sometimes this is negotiating &#8211; with the client as well as other Realtors.</p>
<p>Part of being a great Realtor is knowing who the other &#8220;good&#8221; professionals are who the &#8220;bad&#8221; ones are. How does one quantify this knowledge?</p>
<p>Using all of the above, we have to set expectations appropriately for all involved. Personally, I consult and I adapt to my clients&#8217; needs.</p>
<p>The profession has tried to protect &#8220;what we do&#8221; for so long (when often it was just putting a property in the MLS) that we have neglected to clarify exactly what we do &#8211; even when the list is extraordinarily long.</p>
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