BUILDING YOUR BUSINESS
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Call your sphere of influence on a regular basis and ask for the business
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Emphasize the strengths of the real estate company and the benefits of your service
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Hand out business cards representing your referral status with us
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Ask your spouse/partner to mention real estate and give out your business card at work
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Stay in contact with a local office; Managers offer specific help for securing prospects
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Stay in touch with your prospects so you can refer them again next time they move
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Be sure to also refer yourself for all your real estate needs
HANDLING LEADS
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Let every prospect know that you will serve as the link between them and a real estate professional
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Get the basic pieces of information for placing the referral
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Refer your prospects by emailing us at ARreferralassociates@gmail.com or call (479)268-5500 and ask for Whitney.
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Contact us immediately with any address, phone, or email address changes
PROTECTING YOURSELF
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You cannot belong to any Board of Realtors or Multiple List Services
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You cannot list or show homes
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You cannot answer any real estate related questions
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You cannot prepare a contract of sale
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You must disclose that you have a real estate license upon initial contact whenever you are party to any real estate transaction
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Remember that it is illegal to solicit business from property owners who are already listed with a brokerage firm
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Remember that you cannot earn a commission “after the fact” (This applies if the Sales Associate has been working with the client before the referral lead was placed. Contact our office when in doubt)
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Keep in touch with the prospect and the Sales Associate handling the referral
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Don’t discuss the listing commission percent as this is between the prospect and the Sales Associate
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There’s no need to qualify your leads. Just get their general information.
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Encourage your prospects to contact their Sales Associate with their questions. The need to develop trust and build a relationship with their Sales Associate
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Keep Arkansas Referral Associates informed of updates as to your referral progress