self-employment Archives - REM https://realestatemagazine.ca/tag/self-employment/ Canada’s premier magazine for real estate professionals. Tue, 01 Aug 2023 15:59:21 +0000 en-US hourly 1 https://wordpress.org/?v=6.6.2 https://realestatemagazine.ca/wp-content/uploads/2022/09/cropped-REM-Fav-32x32.png self-employment Archives - REM https://realestatemagazine.ca/tag/self-employment/ 32 32 Letter to the Editor: The ORWP is a long-awaited lifeline https://realestatemagazine.ca/letter-to-the-editor-the-orwp-is-a-long-awaited-lifeline/ https://realestatemagazine.ca/letter-to-the-editor-the-orwp-is-a-long-awaited-lifeline/#comments Tue, 01 Aug 2023 04:02:51 +0000 https://realestatemagazine.ca/?p=23401 Realtor Erin Corcoran shares her perspective on the ORWP, emphasizing its benefits after being without coverage for 17 years

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The new OREA wellness program, from my viewpoint, is a fabulous and beneficial program that is going to be implemented soon for Ontario realtors. Keep in mind this is my opinion, and although many are opposed, many are still in favour.
 
You see, I haven’t been covered by benefits in over 17 years. That’s 17 years of having to pay for everything at full price. That’s travel insurance, life insurance, dental, vision and more, which I haven’t had since before 2010. I’ve even been declined for certain programs that I have tried to apply for because of a rare blood disorder that most insurance companies don’t cover because it scares them and they know nothing about; and if I was able to get it, the amount I would have had to pay would have been an extreme amount; more than medications, etc., per year.
 
With the ORWP, there are no medical tests or questionnaires required to participate. That in itself is beyond incredible for me.
 
I’ve talked to many others that are covered by spouses, etc. or on other family plans, but I haven’t had that opportunity. Both my fiance and I are self-employed, which is hard to support a family of 5 and the cost of living plus an added astronomical amount towards benefits & coverage. Finally, an answer we have been looking for.
 
Never mind the added bonus of dental and eye care for a small added fee. Both of which I require as an individual.
 
I’ve heard talk of how some think it’s not fair for this program to be mandatory or how realtors shouldn’t be involved with organized real estate and not be members of OREA. But why? Why would you then do a disservice to your clients and not want to have access to the MLS system or be covered by errors or omissions? I know some people are incredibly set off by the lack of an opt-out option and the mandatory amount we must pay.
 
OREA says, “The premium for the Standard Plan will be $659.88 annually per Member and will form part of the OREA dues, bringing the total annual OREA dues to $769.88. For less than $2 a day, 96,000 Members across this province will have the peace of mind of a safety net.”
 
$2 a day, that’s it? To have backing from an insurance company, to have safety and a little reassurance when travelling or getting new glasses. That’s the same price as a large coffee from Tim Hortons.
 
We were all sent the same emails asking for our input regarding what we thought and what we, as TRREB members, were looking for.. stability!
 
Why is it a problem now? Because OREA or TRREB didn’t specifically ask whether you would want this if it was mandatory. Or because your voice wasn’t heard?
 
I voted for our representation for TRREB, and I have attended OREA AGMs in the past. I am involved with knowing and learning more about our industry, and I also watch the virtual meetings online. I got involved and understood what is happening through different task forces within our industry, so I feel I have the right to speak out about this topic.
 
Have you? Have you gotten involved? Read all our emails? Know what’s happening within your own board? If the answer is no, then let me be blunt. I don’t feel that there is an option for you to blame others or get angry over a mandatory benefits program. Do you want a change? Then get involved!
 
I’m seriously excited for the program to start in January. I encourage everyone that’s not as excited to look at it from another point of view.
 
Erin Corcoran
Sales representative
Re/Max Prime Properties
 

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Why you need an accountability partner https://realestatemagazine.ca/why-you-need-an-accountability-partner/ https://realestatemagazine.ca/why-you-need-an-accountability-partner/#respond Mon, 24 Oct 2022 04:03:41 +0000 https://realestatemagazine.ca/?p=18949 Are you a lousy boss to yourself? An accountability partner may be exactly what you need to get things done

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Ah, the life of a realtor. Being your own boss is the best, right?

No more annoying bosses telling you what to do and dictating deadlines for boring projects. Now, you set your own deadlines!

Except you don’t — it turns out that being your own boss is way more challenging than you thought it would be!

The hardest part is doing the stuff that you perceive doesn’t have an immediate payoff (even though it does). For example, fixing your website, improving your listing presentation, working on a course, or any other items in your great pile of projects.

After all, we tend to get into the habit of simply reacting to whatever is happening every day, and there never seems to be enough time to get to the big stuff.

But if you spend 100% of your time reacting to things and 0% working on larger projects to advance your business, you are a lousy boss!

If this describes you, the first step is to admit it. You don’t have to go to a meeting or anything. Just repeat after me:

“I’m a lousy boss of myself.” 

Say it out loud.

Congratulations! You’re on the road to recovery. The second step is to learn and implement some basic organizational skills. One of the most critical organizational skills I constantly preach (I know, I know) is honouring appointments with yourself.

‘Honour’ is the critical word (just as you would honour an appointment with your best client or an appointment with your dentist).

But why is it so difficult for most agents to honour appointments with themselves?

There are two main reasons:

1. We’re hard-wired to put everyone else’s needs ahead of our own.

2. Big projects seem overwhelming, so we invent (hundreds of) excuses not to do them. 

Number two is about your lazy brain (we all have one). Your logical brain knows that the longer you procrastinate, the longer it will take you to start reaping the benefits of completing those big projects. But the lazy brain usually wins out.

Making and honouring appointments with yourself seems simple and logical, yet we constantly self-sabotage.

So, what’s the solution?

How about an accountability partner? 

I won’t get into too much detail in this tiny space. Instead, consult ‘the Google’ for best practices on choosing a partner and structuring your meetings, but here are my top three rules (which I learned by doing the opposite):

1. Always follow a strict agenda, whether meeting in person, over Zoom, or on the phone.

Start on time, end on time, and know the agenda before you start.

2. Don’t allow your meeting to deteriorate into a BS session.

You can schedule a BS section at the end, but it’s business first. 

3. Set firm but realistic weekly goals.

When you do this, your accountability partner serves as your ‘boss’ in a way (and vice-versa), which is a good thing! To accomplish your weekly goals, you can use appointments with yourself. The more tasks you complete, the more you’ll realize how powerful this tool can be.

Start by finding a partner, decide the ground rules, set a meeting time for the same time every week, and start setting goals. Then, you can use appointments with yourself to ensure you meet your weekly targets. 

If you do this consistently, you’ll be astounded at how much you will get done before the end of this year. 

 

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