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

The 10 x 90% = 0 Rule for Real Estate Agents? ›

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.

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

Roger shared his 10/90 rule, balancing risk by investing 10% in higher-risk projects and 90% in stable, cash-flowing properties. This strategy helps navigate economic cycles and maintain a steady income stream.

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.

How many realtors have left the business in 2024? ›

However, the 85,049 agents lost between October 2022 and January of 2024, is still well below the 400,000-agent drop recorded between 2008 and 2012.

Will real estate agents be around in 10 years? ›

Will there be a future without real estate agents? The short answer is no. Real estate agents are highly unlikely to go the way of the Caspian tiger or Guam flying fox anytime soon. Still, it seems likely that the demand for real estate agents will decline over the next decade.

What is the 10X rule in real estate? ›

At its core, the 10X rule mandates that one should set targets that are 10 times what they initially thought achievable and then expend 10 times the effort to reach those targets. Origins: Stemming from the business world, its applicability has transcended sectors, with real estate being a primary beneficiary.

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 do most realtors make their first year? ›

Top examples of these roles include: Real Estate Partner, Entry Level Commercial Real Estate Agent, and Work From Home Reo Real Estate. Importantly, all of these jobs are paid between $24,433 (30.6%) and $28,167 (35.3%) more than the average First Year Real Estate Agent salary of $79,753.

Why do most real estate agents fail in their first year? ›

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.

How much do top 10% realtors make? ›

Nationwide, real estate agent salaries range from an average of $28,270 for the bottom 10th percentile up to $102,170 in the top 10th percentile. Why is there such a huge gap in pay? How much you work is going to affect how much you earn, and location also makes a difference.

How many houses do most realtors sell a year? ›

So How Many Houses Does a Realtor Really Sell Each Year? Only a small number of realtors sell more than a hundred homes a year, and the majority sell anywhere between 2-10 homes a year. Further, first-year or those just starting as realtors usually sell the least number of homes.

How long do most real estate agents last? ›

According to the National Association of Realtors (NAR) failure is defined as as those who get a real estate license and then leave the industry within the first five years. According to them, 75% of real estate agents fail within the first year, and 87% fail within five years.

Will AI replace real estate agents? ›

While AI is certainly making waves in the real estate industry, agents are far from being replaced.

Is real estate agent stressful? ›

As a real estate agent, you may be on long calls and expected to work long hours. You must be able to handle stress to successfully sell homes. Your personal life will suffer if it is not properly managed.

Will real estate always be in demand? ›

Home values in California rose by 40.6% in the last 5 years. Home sales increased by 8.6% in January 2024 YoY and the mortgage rate climbed to 7.28%! So, California's housing market remains resilient and in demand. Even if mortgage rates continue to increase alarmingly, home sales will not falter.

What is the 90 10 rule? ›

The 90–10 rule refers to a U.S. regulation that governs for-profit higher education. It caps the percentage of revenue that a proprietary school can receive from federal financial aid sources at 90%; the other 10% of revenue must come from alternative sources.

What is the 90 10 investment strategy? ›

The rule stipulates investing 90% of one's investment capital toward low-cost stock-based index funds and the remainder 10% to short-term government bonds. The strategy comes from Buffett stating that upon his death, his wife's trust would be allocated in this method.

What is the 90 10 rule in private equity? ›

Key Takeaways

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.

What is the 50 50 rule in real estate? ›

What Is The 50% Rule? The 50% rule is a guideline used by real estate investors to estimate the profitability of a given rental unit. As the name suggests, the rule involves subtracting 50 percent of a property's monthly rental income when calculating its potential profits.

References

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