Rhyan Finch, Owner and CEO of 1st Class Real Estate, discusses virtual real estate, the benefits of franchising, success stories, and business coaching tips. Key takeaways include leading with profit, finding the right opportunity, and leveraging. Various real estate opportunities are highlighted.
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Quick takeaways
Virtual real estate allows individuals to own brokerages at a lower cost, enabling rapid scaling and growth.
Centralized services and automated systems in virtual real estate facilitate quick establishment of branches and nationwide expansion.
Deep dives
Virtual Real Estate: The Future of Real Estate
Virtual Real Estate, which is the future of Real Estate, is discussed in this episode. Ryan Finch, the owner and CEO of First Class Real Estate, shares insights on his successful Virtual Real Estate franchise. He explains that his company utilizes valuable insights to empower the real estate industry. By centralizing services and interconnecting technology, First Class Real Estate allows people to run real estate brokerages nationwide at a lower cost. The COVID-19 pandemic further accelerated the growth of virtual real estate, highlighting its potential benefits.
Benefits of Virtual Real Estate
The benefits of virtual real estate are highlighted in this episode. First Class Real Estate offers a technology-driven model that allows individuals to own their own brokerages without the high costs associated with traditional setups. By paying a monthly fee of $50 per agent and a $150 transaction fee, real estate professionals can access the infrastructure, onboarding, closing coordination, and support provided by First Class Real Estate. This low-cost approach enables rapid scaling and growth. Additionally, the company encourages agents to add ancillary business models like mortgage or title services, which generate additional revenue streams.
Success Stories and Expansion Opportunities
Success stories within First Class Real Estate are shared in this episode. Ryan Finch highlights an example of a new agent who became the top performer in their first year using the training, leads, and systems provided by the company. Another success story revolves around an agent who started their own team, expanded rapidly, and eventually opened their own office within a year. Ryan emphasizes that the virtual franchise model enables brokers and team leaders to scale their businesses across different markets. The centralized services and automated systems offered by First Class Real Estate make it possible to quickly establish branches and expand nationwide.
Rhyan Finch is the owner and CEO of 1st Class Real Estate, the 1st Virtual Real Estate Franchise. Utilizing valuable insights, he has successfully franchised his proven and successful model, empowering real estate age.
Top 3 Value Bombs
1. Simple scales and fancy fails.
2. You can start from anywhere and you can end up wherever it is you want by following some of these key principles—sticking close to the to the numbers, leading with profit, finding an opportunity that works well for you, finding a leading edge opportunity, and then applying yourself, making the game, staying overbooked and leveraging.
3. People want to own their own brokerage. Your one number one job is to not have a job.
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