The 10 x 90% = 0 Rule for Real Estate Agents (2024)

Many real estate professionals have high drive and entrepreneurial personalities. These are fantastic traits until it’s time to really focus on one thing at a time. Let’s be honest. High-performance salespeople tend to bounce from thought to thought like a tennis ball at Wimbledon. This sort of undisciplined work can make agents susceptible to the 10 x 90% = 0 rule. This concept shows that if you have 10 tasks that are 90% complete, you’ve essentially accomplished nothing. For some real estate professionals, this can be the crux of their business. It also may mean the difference between success and failure for them. This article will discuss some strategies to help you avoid this pitfall.

Be vigilant and recognize the problem.


The old adage that knowing is half the battle is very true because sometimes we don’t even realize we’ve left 10 projects 90% complete. The 10 x 90% = 0 Rule for Real Estate Agents (1) We end our day patting ourselves on the back for working so hard, but in reality, nothing was completed. Once you recognize there’s an issue, you can start to address it.

Look out for subconscious blockages.


There are many ways that our subconscious feelings can keep us from achieving success. If you get flustered when it’s time to make a sales call or when you are presented with an intimidating task, you could be experiencing a fear of failure. This can be a debilitating fear because your mind assumes you’ll fail, discouraging you from even starting. On the other hand, you could be experiencing a fear of success. If you are getting worried about how other agents in your office will react when you receive a luxury listing, this is a fear of success. This is another debilitating mindset that can keep you from pursuing your goal.

Avoid getting distracted and focus.

How can you remove distractions? Start by creating a work-only zone where you don’t open your bills, you don’t eat lunch, you don’t browse your phone, and you don’t shop on Amazon. Let’s imagine you have a desk in a home office and this is your “work-only” desk. If you’re at your work-only desk, you aren’t scrolling through social media (phone or computer). If you want to scroll through Instagram, you would step away from your desk to do that. Keep this work-only zone as a place where you are intensely focused on your highest value tasks. When you do this, you begin training your brain to know that it’s time to stop messing around and get to work!

Build some strong habits.


If you commit yourself to completely finishing something for work, you have to hold yourself accountable to follow through. We often sit down with serious conviction to complete certain tasks, and within minutes, we are online shopping or letting someone distract us with phone calls. You may be tempted to compromise because it’s a client calling or you need to check a text from a friend, but this is undisciplined thinking. The disciplined person doesn’t want to program their brain with all these confusing messages. If a disciplined person is committed to finishing a high-value task, they won’t do anything else until it’s finished. Disciplined people do this to get twice the amount of high-value work done in half the time. If you can do this, you will quadruple your productivity.

One task at a time.


When trying to finish multiple tasks at once, stop and try to get one thing 100% complete. Don’t allow yourself to work on anything else. There’s a sense of accomplishment when you totally complete something and this is a feeling you want to cultivate. Instead of jumping from task to task, try to positively reinforce your mind to finish tasks as they come. You can increase this positive reinforcement by rewarding yourself with a break, snack, or a walk after completing a task. This will help your brain create a connection between receiving a reward and finishing a task. Now you’ll be encouraged to get another task 100% complete.

Here’s the bottom line.


If you can’t fully execute your tasks, you may be putting your business in jeopardy. This sort of scatter-brained work happens to the best of us, but only the successful agents can bounce back to a more disciplined routine. There’s no secret for attaining discipline at work; it’s only a matter of staying focused on the task at hand and realizing the danger of the 10 x 90% = 0 rule. It’s always important to match our workflow with our long-term goals, which can’t be achieved without completing today’s tasks.

The 10 x 90% = 0 Rule for Real Estate Agents (2)

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The 10 x 90% = 0 Rule for Real Estate Agents (2024)

FAQs

What is the 90/10 rule in real estate? ›

This concept shows that if you have 10 tasks that are 90% complete, you've essentially accomplished nothing. For some real estate professionals, this can be the crux of their business. It also may mean the difference between success and failure for them.

What did the lowest 10 percent earn real estate agent? ›

Pay About this section

The median annual wage for real estate sales agents was $54,300 in May 2023. The lowest 10 percent earned less than $31,410, and the highest 10 percent earned more than $119,590.

Why don't real estate agents return calls? ›

The realtor is busy working with other clients: If your real estate agent has been busy showing properties to other clients, they may not return your calls timely. Wait and see if they take out time from their busy schedule and get back to you.

How to make money as a realtor when the market is down? ›

Property Management. Property management is a natural way for real estate agents to make money, separate from real estate sales. And with so many ways to structure your property management services, you can invest as much (or as little!) of your time and money in this side income.

What is the 90/10 rule? ›

The 90-10 principle, or the Pareto Principle, asserts that approximately 90% of outcomes result from 10% of efforts. This concept originated from the observations of Italian economist Vilfredo Pareto, who noted that 80% of the land in Italy was owned by 20% of the population.

What is the 90 10 strategy? ›

The 90/10 strategy calls for allocating 90% of your investment capital to low-cost S&P 500 index funds and the remaining 10% to short-term government bonds. Warren Buffett described the strategy in a 2013 letter to his company's shareholders.

How much do top 1 realtors make? ›

Each real estate office sets its own standards for top producers, but it's safe to say that a top producer would have to sell at least one home per month to qualify. Top producers earn around $112,610 a year to start, according to the BLS. 1 Mega-stars could earn $500,000 per year and up.

What is the lowest a Realtor can charge? ›

Most traditional agents charge listing fees between 2.5–3%. The best low-commission real estate brokers offer the same service and support for as little as 1.5%. This is a huge value, because it's difficult to negotiate lower commission rates on your own.

What is the average salary for a Realtor in the US? ›

While ZipRecruiter is seeing annual salaries as high as $154,500 and as low as $36,500, the majority of Realtor salaries currently range between $79,500 (25th percentile) to $125,000 (75th percentile) with top earners (90th percentile) making $141,000 annually across the United States.

Why is my realtor ignoring me? ›

Sometimes you may have a listing in an undesirable area, or the agent just isn't hungry enough. They are busy with other clients. They are not interested in listing your property. They are not a good fit for you.

How should a realtor answer the phone? ›

Cell Phone Tips for Realtors
  1. Smile when answering the phone – Smiling, even if no one is looking, instantly lifts your mood. ...
  2. Begin with your name – Answering the call with your name ensures the caller doesn't have to wonder whether they dialed the correct number and makes you more efficient in conducting business.

How to be a real estate agent without cold calling? ›

10 Ways to Get Listings Without Cold Calling
  1. Contact Your Sphere.
  2. Re-Engage & Follow Up with Past Clients.
  3. Attend Community Events.
  4. Build Your Social Media Following.
  5. Digital Prospecting with Facebook.
  6. Strengthen Lead Referrals through LinkedIn.
  7. Send Mailers.
  8. Go Door Knocking.

What do most realtors struggle with? ›

Many, if not most, real estate agents will fail in their first year. Three common mistakes that agents make are inadequate prospecting, failing to market properties in ways that lead to timely sales, and not following up with clients to maintain relationships.

Do realtors do well in a recession? ›

As a result, some agents may see a significant decrease in their annual earnings during a recession or need to work harder to earn the same amount. In the end, being a real estate agent may be recessionproof because there will always be a need for this service, but being a successful one may be a lot harder.

What happens to real estate agents when the market crashes? ›

What does a real estate agent do when the market crashes? During a market slowdown or crash, a real estate agent can either look for a new career or diversify their offering and skills.

What is the 90 10 rule to decide where to live? ›

What is the 90/10 Rule for deciding where to live? Using the 90/10 Rule when you can't decide where to live helps you evaluate some of the most critical aspects of your lifestyle compared to location. The 90/10 Rule explains that you should decide where to live based on the factors that affect 90% of your life.

What is the golden rule in real estate? ›

Corcoran's Golden Rule of real estate investing consists of two main parts. The first is being able to purchase property with at least 20% down, ideally in a location that has started seeing an increase in demand. The second is to have tenants living on that property paying the mortgage.

What is the 80% rule in real estate? ›

What is the 80/20 Rule exactly? It's the idea that 80% of outcomes are driven from 20% of the input or effort in any given situation. What does this mean for a real estate professional? Making more money in real estate is directly tied to focusing your personal energy on the most high value areas of your business.

What is the 90 10 principle? ›

Enter the 90/10 Principle. The 90/10 Principle was popularized by Stephen Covey, the amazing author of The 7 Habits of Highly Effective People. It states that: 10% of life is made up of what happens to you, and 90% of life is decided by how you react. We truly have no control over 10% of what happens to us.

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