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Realtor Reckoning
Navigating the Crossroads of Market and Membership
Splits and Caps Daily: Action for Agents
December 31, 2024
đ Market Move:
Association Adjustment
2025 is shaping up to be a year of big shifts for MLSs and real estate associations. With a shaky market and growing dissatisfaction among agents, over 70% of MLS and association leaders are budgeting for membership declines. The squeeze is coming from both sides: tough economic conditions are pushing some agents out, while others are opting out of memberships due to frustrations with the industry's status quo.
But hereâs the kicker: a quarter of these execs are seriously considering opening MLS access to non-members. If this gains traction, it could shake up how MLSs operate and lead to some heated industry battles.
The big takeaway? The traditional membership model may be hitting its limits, and local leaders are feeling the pressure to adapt. Watch this spaceâitâs going to be a pivotal year for MLSs, associations, and their relationships with agents.
đQuote of the Day:
"The only way to achieve the impossible is to believe it is possible." â Charles Kingsleigh (Alice in Wonderland)
⥠Quick Win:
Reverse-Engineer Your Goals: Pick one big goal for the year and ask, âWhatâs the smallest thing I can do today to move closer?â Spoiler: itâs usually a 5-minute task that snowballs into momentum.
đ Fun Fact of the Day:
New Year, New Neighbors: On average, about 40% of Americans who make a New Yearâs resolution say theyâre planning a big move or home improvement project in the upcoming year.
đ Book Recommendation:
"Measure What Matters" by John DoerrâAlright, imagine you're a ship captain. Youâve got a crew, a killer vessel, and the open sea ahead. But without a compass or a map, you're just floating aimlessly, hoping the current takes you somewhere decent. Thatâs your business or career without a goal-setting system.
Enter "Measure What Matters". John Doerr doesnât just teach you how to set goalsâhe gives you a straight-up GPS system. Itâs called OKRs (Objectives and Key Results), and itâs what powerhouses like Google and Intel use to crush it. The concept is simple: set a clear objective (what you want to achieve) and track key results (how you measure success).
What I love about this book is that itâs not just theory. Doerr serves up real-life examples of companies using OKRs to level up. And spoiler alert: this stuff works for teams, individuals, even your personal life. Youâll start thinking, âWhy havenât I been doing this forever?â
So, if youâre ready to make 2025 the year you go from aimless drift to laser-focused dominance, grab this book. Then grab a whiteboard and start mapping out your goals. Your future self will thank you.
Thatâs all for today! Stay energized, stay sharp, and rememberâthe hustle you bring today paves the way for big wins ahead. Letâs make moves!
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