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Raising Real Estate Standards
A Podcast dedicated to providing information and tips on how real estate agents can step up their game, raise their standards practices and become the best real estate agent they can be in their market.
Raising Real Estate Standards
Financial Literacy For Real Estate Agents
Are you building wealth or just closing deals? Tax Day often reveals a harsh reality for real estate agents: making money doesn't always mean keeping it. In this episode, Brian and Mark discuss how agents can move beyond the commission-to-commission cycle by implementing proper financial management systems, strategic entity structuring, and creating multiple revenue streams for long-term wealth. Learn why running your business as a true for-profit entity with clear boundaries between business and personal finances is essential for building lasting success.
Featured Quote: "Most real estate agents don't retire—they die. While that is true in a lot of cases, it doesn't have to be. If you set yourself up and put a plan in place, you too can retire from this wild world of real estate sales."
What You'll Learn
- Why most agents focus only on revenue instead of cash flow and profit
- The three essential accounts every agent needs to separate (business, personal, taxes)
- How to run your business as a for-profit entity with clear financial boundaries
- How proper business entity structures can save on self-employment taxes
- Why paying yourself a salary helps manage feast or famine cycles
- The benefits of Roth IRAs vs. traditional retirement accounts for agents
- Why investing in what you know best (real estate) creates lasting wealth
- How to build a referral network that generates passive income
The opinions on this podcast are Mark and Brian’s and not in any way a reflection of RE/MAX or anyone else in the industry.
Listen to the Podcast on these Platforms
Apple - https://podcasts.apple.com/us/podcast/raising-real-estate-standards/id1574549987
Spotify - https://open.spotify.com/show/1ZKLmFIFvx1UjSwL4jOTVz
Social Media and Contact Information
Website: https://www.raisingrealestatestandards.com
Link Tree: https://linktr.ee/raisingrealestatestandards