What is a 1 3 5 real estate plan? (2024)

What is a 1 3 5 real estate plan?

This model is also known as the Keller Williams GPS system. In this real estate agent training video you will set your goal based on your target income then build 3 priorities for your goal and 5 strategies for each priority. First, we analyze the nature of goals to ensure we are focusing on systems.

What is the 1-3-5 strategic plan?

In the realm of productivity and time management, the 1-3-5 rule has gained recognition as a straightforward yet powerful strategy for enhancing efficiency. The rule's name itself connotes its structure, representing the framework of 1 big task, 3 medium tasks, and 5 small tasks.

How to complete a 1-3-5 in real estate goals?

The 1-3-5 framework has you starting with a goal then breaking that goal into 3 priorities, and 5 strategies for each priority. The goal and priorities should be measurable targets; while the strategies are your plans to achieve each priority. If all 3 priorities are met, then your goal should be attained.

What is a 1-3-5 goal-setting?

The 1-3-5 method is a simple and effective goal-setting technique that involves identifying one big health and fitness goal, three targets, and five strategies to achieve each target.

What is the 1-3-5 action plan?

Treat these key results like stepping stones to help you arrive at your ultimate destination, measuring progress along the way. There you have it, set 1 Vision, 3 mission-critical Objectives and 5 Key Results, per Objective. This goal-setting framework facilitates effective communication.

What are the 3 types of strategic plan?

Types of strategic plans

Strategic planning activities typically focus on three areas: business, corporate or functional. They break out as follows: Business. A business-centric strategic plan focuses on the competitive aspects of the organization -- creating competitive advantages and opportunities for growth.

How to make over 6 figures as a real estate agent?

How to make 6 Figures in Real Estate – The Top 11 Tips
  1. Outsource As Much As Possible.
  2. Build a Strong Team of Professionals to Help You Grow Your Business.
  3. Get Educated on Real Estate Investing.
  4. Create Multiple Sources of Income.
  5. Focus on Building Relationships With Past and Current Clients.
Mar 29, 2022

What is the 10 to 1 rule in real estate?

The 1 and 10 rule is another real estate investment guideline that suggests that investors should aim for a gross monthly rent that is at least 1% of the property's purchase price and a net profit margin of at least 10%.

What is 411 in real estate?

411 stands for 4 weeks, 1 month, and 1 year. At Keller Williams, we use the 411 as a productivity tool to reflect your top priorities-your "Big Rocks."

What are the 5 F's of goal-setting?

That's why I talk about the 5 F's of Goal Setting. Finance, Fitness, Family, Faith, and Fun. If you want a well-rounded set of goals (and a well-rounded year), this is a good list to start with.

How do you plan for two years?

Break down your two-year plan into smaller steps. Start with big milestones and then break down the steps you'll need to meet them. I set annual and monthly goals, and then break them down into weekly tasks. I find that evaluating my progress at the end of each month helps to keep me on track.

What is a good action plan?

The goals should be specific, measurable, attainable, relevant, and time-bound (SMART). Unclear responsibilities: Assign clear roles and responsibilities for each team member to avoid confusion and ensure accountability. Overcomplicating the plan: Keep the action plan simple and easy to understand.

What are three 3 key components of the strategic IT plan?

Key Components of an IT Strategic Plan
  • Alignment of IT with business goals. An IT strategic plan must be aligned with the overall business goals. ...
  • Technological roadmap. ...
  • Change communication plan. ...
  • IT services. ...
  • IT governance. ...
  • IT best practices. ...
  • IT goals and metrics.
Jan 18, 2023

What is 3 5 year strategic plans?

Your 3-5 Year Strategic Growth Plan can be viewed as a base camp on the way to the summit of your long term goal. This can be used as a tool to align your company around a common purpose and closes the strategy execution gap.

What is the 3 by 3 strategy?

The “3×3 Method” for Content Creation

You start by creating a 3×3 grid of what you stand for personally. Each of these 9 squares is going to represent a one-minute video: You'll have 3 “why” videos, 3 “how” videos and 3 “what” videos.

What are the 4 P's of strategic planning?

A simple model made up of “Four Ps” can help companies create this advantage. These Ps are Perceptions, Performance, Purpose, and Process. There are six different stakeholder groups you should be listening to periodically to determine whether you're moving in the right direction.

What does a strategic plan look like?

A strategic plan is a dynamic document or presentation that details your company's present situation, outlines your future plans, and shows you how the company can get there. You can take many approaches to the process and consider differing ideas about what needs to go into it, but some general concepts stand.

What are the 4 key elements of a strategic plan?

The four most widely accepted key components of corporate strategy are visioning, objective setting, resource allocation, and prioritization.

How much does a top Keller Williams agent make?

The average keller williams salary in California is $100,000 per year or $48.08 per hour. Entry level positions start at $100,000 per year while most experienced workers make up to $125,000 per year.

Is Keller Williams 100% commission?

Franchise Fee

Keller Williams Realty International is funded by the calculation of the 6% of the commission payment. Because of this, the Keller Williams commission split is sometimes referred to as a 64/30/6% split. 64% to the agent, 30% to the market center, and 6% to KWRI (capped at $3000).

What is the Keller Williams lawsuit?

The lawsuit alleges the existence of an anticompetitive agreement that resulted in home sellers paying inflated commissions to real estate brokers or agents in violation of antitrust law.

Is it hard to make 100k as a realtor?

Making $100,000 as a real estate agent is definitely possible. However, it's not going to be easy. You'll need to identify the right work and do the work to make six figures in this industry. But if you're willing to do what it takes, you can definitely achieve your goals.

Can you make $1000000 a year in real estate?

It can be done. In fact, it has been done. But it doesn't happen by luck or accident. This is the first in a series of articles detailing how you, as a newly licensed agent, could set yourself up to be successful enough to to make $1 million in your first year.

What real estate agent makes the most money?

The highest-paid real-estate agent is a luxury broker.

Luxury brokers earn an average salary of $142,000 per year with commissions reaching up to $10M annually.

What is the 80% rule in real estate?

In the realm of real estate investment, the 80/20 rule, or Pareto Principle, is a potent tool for maximizing returns. It posits that a small fraction of actions—typically around 20%—drives a disproportionately large portion of results, often around 80%.

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