623: Survive Every Real Estate Crash: How to Thrive During the Next Downturn with Ricky Carruth

March 12, 2018

Ricky Carruth is confident that his business will survive any real estate crash. After today’s podcast, you will be too! Listen as Ricky shares his strategies for building business during a downturn, including the most important thing to do when housing prices crash. He also explains why the failure rate is so high in this industry, especially during difficult market conditions. Plus, Pat and Ricky discuss why building a team isn’t always a good idea, what new agents need to realize in order to thrive, and more on this Real Estate Rockstars.

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Listen to today’s show and learn:

  • Ricky’s brief bio [3:29]
  • Why technology will never replace real estate agents [6:47]
  • Ricky’s incredible profit margin [9:04]
  • Why the failure rate is so high in real estate [9:48]
  • Two things that happen during every real estate crash [13:01]
  • The four choices in every downturn [18:32]
  • What agents shouldn’t be doing during a downturn [25:07]
  • Why Ricky doesn’t utilize a CRM [33:25]
  • Why building a team isn’t always the best option [35:15]
  • What new real estate agents need to realize [40:22]
  • What Ricky donated to the Agent Success Toolbox [44:06]
  • How to break through your goals.
  • Plus so much more.

Ricky Carruth

Ricky Carruth grew up in a blue collar family with huge desires to become great. Using his work ethic and desire to be the best, Ricky got into real estate in 2002 at the age of 20 and 13 years later, Ricky is at the top of Alabama as #1 for RE/MAX in 2014 selling over $37 MM. Ricky is always pushing to beat his best and that desire drives him every day.

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