A critical part of real estate business planning is determining your breakeven point.
What average commission rate do you need to achieve per unit to break even each month?
Here’s an example for measuring response time: There are many CRM tools out there, so it’s easy to find one that fits your needs. The final step in your real estate business plan template is measuring the plan’s performance.
Track performance-related questions and how you’ll measure them.
An optimal business plan for real estate agents includes firm goals, but it’s also fluid — you’ll want to update your real estate business plan as you grow and the market evolves.
A real estate business plan allows you to stay current with market trends and ahead of the competition.
It also helps you track results over time, test lead generation strategies and develop new marketing approaches.
Zillow’s Bret Calltharp, a former training leader for a large brokerage group, saw his agents’ business increase by an average of 27% when implementing a business plan for the first time.
You can then open your copy of the Sample Business Plan from the saved file's location.
(Note: You'll need the free Adobe Reader installed on your computer to open the PDF file.) TABLE OF CONTENTS Summary......................................................