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16 STEPS TO EXPLODING YOUR INCOME - Your FREE download is here now - thanks to the incredible generosity of our own Aaron Shiner! http://www.lockedoncloudlaunch.com/100k-month-thank-you/
MORE HELPFUL INFORMATION ON EMPLOYMENT CONTRACTS AT THIS WEBSITE http://www.qpir.com.au/
CONTRACTS OF EMPLOYMENT FOR REAL ESTATE INDUSTRY? This is a really important warning - thanks to Nikki Taylor from Real Estate Jobs Search for sharing this morning:
"Recently a client of our HR people had to pay an ex-employee $13120 in back pay. The employee only worked with them for 16 weeks and during that time they didn’t sell any properties, nor had any listings. The employer decided to terminate inside the probation period and as they were a commission only employee, let them go.
The Employer and the Employee had a contract, but they didn’t have the correct contract, nor did they have the correct Authorities in place. The Employer had to pay the Employee their $13,120 reimbursement of non paid wages. The Employer paid the back pay and had us amend his contracts and authorities to ensure this doesn’t happen in future.
Contracts are important for all staff, please ensure that you have them"
"RATE MY AGENTS WEBSITES - HOW ACCURATE ARE THEY? A great article in this weeks'REB magazine sheds light!
"With the public perception of agents still spotted with cynicism, emerging agent ranking websites could be the answer to providing increased transparency – but according to an agency director they can be “inaccurate”, with limited substantial data. Start-up agent ranking websites such as Ratemyagent and OpenAgent aim to increase agent transparency, accountability and improve customer service by acting as the 'TripAdvisor' of the real estate industry.
Strathfield Partners Real Estate managing director Robert Pignataro, however, has a different opinion.
“As far as Ratemyagent, I think that website should be closed down; it is so inaccurate it is not funny,” he told Real Estate Business.
“If you have a look at the top 100 agents on Ratemyagent, they have got me selling 13 properties in one year and that is just ridiculous.
“The data is grossly inaccurate.
“Anyone can go into these websites and put a testimonial up, you could be an agent talking about another agent – it is silly,” he added.
Also speaking to Real Estate Business, Hockingstuart Northcote director and auctioneer Sam Rigopoulos is one of the top-ranking agents in Victoria on Ratemyagent.
“Personally, a majority of my business comes from referrals and recommendations and I know that is a preferred way for people to select anything in the service-based industry,” he said.
“I think these websites do provide an element of transparency, and as long as they remain transparent and independently run and managed, the consumer will benefit from them down the track.
“I think if agents start to have too much input on what goes on or what can be seen or not seen, then it starts to become a bit of a useless tool,” he added.
Crawford Property Group director Ryan Crawford said he feels the emergence of open-to-the-public rating sites like Ratemyagent are a step in the right direction for consumers.
“It will allow consumers to better identify potential performers in their area before selecting an agent,” he told Real Estate Business.
“However, customers should be aware that only agents who take the time to register on the site will be shown, and as such it’s not a full representation of all performers in the marketplace at this stage.”
Real Estate Mastery commented on their own photo.
HOW TO GO UP AGAINST A DISCOUNTER! Great tips this morning on Kevin Turner's REUNCUT http://reuncut.com.au/how-to-go-up-against-a-discounter-ideas-for-sales-meetings-networking-tips/
ATO CRACKDOWN ON PROPERTY INVESTORS! This article from RPM is important for all of us including our clients ... http://www.rpmonline.com.au/news/12767-pms-to-warn-landlords-on-ato-crackdown?utm_source=Residential+Property+Manager&utm_campaign=Residential_Property_Manager_Bulletin25_08_2014&utm_medium=email
MATCHMAKING AGENTS AND CONSUMERS?- is this the next thing to hit our shores? 'Agent Ace' in the US offers to recommend and refer agents based on market-based criteria. "After a consumer asks to work with a recommended agent, Agent Ace offers the consumer’s business to the agent – usually by proposing to co-list or co-represent with the agent, but also sometimes through a referral agreement — in exchange for a slice of the agent’s commission if the match results in a sale." Read the full article here ..
THINKING OF OUTSOURCING YOUR PROPERTY MANAGEMENT TASKS? Maybe you should read this first! Thanks Jo-Anne Oliveri