May 2, 2023
Episode 166 – Randy Dyck – Curiosity, Conviction, and Legacy
“I have very few gifts. I am not the best at this or the best at that but, I have the perseverance to believe in myself and to bet on myself. Do not think that you have to be gifted and talented. It is not about the gifts and talents. It’s about the desire within you.” – Randy Dyck
- Connect with Randy Dyck
- Real Estate
- Selected links and people mentioned from this episode:
- Eximus Real Estate Team
- eXp Realty
- TEDM Episode #19
- Glenn Sanford
- David Liniger
- Vallea Lumina in Whistler, BC
- Who Not How by Dr. Benjamin Hardy
- Think and Grow Rich by Napoleon Hill
- The Gap and The Gain by Dan Sullivan and Dr. Benjamin Hardy
- Connect with REIN Canada
- REIN Canada
- [email protected]
- REIN Channel
- [0:42] Patrick introduces his returning TEDM guest, Randy Dyck.
- [02:39] Randy and Patrick rock the TEDM airwaves as Randy explains what he’s been up to since their last episode – working with realtors and clients to achieve their maximum ROL – Return on Life.
- [03:55] Heading right back to Randy’s early years, he talks about how his love of sales, which boiled down to solving problems, led him to real estate. As a realtor, he began with the need for one great sale to keep his home and provide for his family. 30+ years later, Randy has built a phenomenal business centred in client care.
- [07:11] For the love of real estate? Well yes, and, Randy’s first priority and obsession is helping people get what they want. The product he’s selling is simply the vehicle to achieve that. The love of real estate started when Randy began to realize the financial freedom it provided as an investment.
- [09:38] The why, the contribution, and the significance. Randy explains the four measures he uses to know he’s on the right track. His “why” is constantly evolving.
- [13:33] So what are Randy’s superpowers? What about his kryptonite?
- [16:35] When facing down the headwinds of life, Randy’s steadfast mindset is what gets him through and keeps him moving forward. He shares three main things that contribute to his conviction.
- [19:52] Randy has observed over the decades of working with people, that those convictions are noticeably absent for many. He describes the two things he feels can limit us, both of which we had in abundance as children.
- [21:59] Randy explains the transition he made from RE/MAX to eXp Realty and why, after 20 years he made that decision. It became more about quality of life and legacy for his family.
- [28:17] Disruptors! Patrick and Randy talk further about the game changing effect eXp Realty is currently having, and who that disruptor was in the marketplace 40-50 years ago.
- [32:48] Real estate and technology. Randy talks about what he foresees as the next significant disruptor in the coming decade, not just in the real estate space, and that is artificial intelligence. Relationships and trust still rule the world, and he sees AI as an enhancement of that.
- [37:35] Patrick anchors Randy’s comment on real estate and GDP in British Columbia.
- [39:11] Randy and Patrick discuss the effect of technology on the realtor population both for those entering the industry and those who are established. Randy already observes how things are changing, and in his opinion, for the better. Patrick emphasizes for those in or interested in the business of real estate investing, the critical importance of finding a good investor realtor like Randy and his team.
- [43:20] Randy provides some great questions for real estate investors to ask when considering a realtor to work with for purchasing investment properties. Both Randy and Patrick follow up with advice for realtors and where opportunities exist.
- [47:57] Growing up on a farm in Alberta, Randy had a great role model in his father who was very forward thinking and community minded. As a twin, Randy notes he came out of the womb competitive, which also fed his entrepreneurial spirit.
- [52:21] Now at the age of 59, Randy reflects on his vision for the future, which does not include retirement but rather re-fire, refocus, and stay active in business. Age is just a number to Randy, not a barrier.
- [56:10] Randy shares how he manages his mindset and self-direction in the face of the constant noise from the media and current state of the world.
- [59:10] Leadership. Randy identifies the two components of leadership – leverage and legacy – and describes what they mean to him. The consistent qualities you choose as a leader will help guide those you lead.
- [63:00] Randy turns the tables to reflect to Patrick the consistent leader he views in him. He routinely directs people interested in the business of real estate investing to observe REIN, and Patrick as a leader. It’s important to find and follow the people who demonstrate the character and qualities we wish to show up with in our own lives. When we find the “who’s” the “how’s” become easy.
- [64:38] The successful individual knows its best not to be the smartest person in the room. Learn from those who come before us, and always anchor in humility.
- [66:04] In those times where he is working hard but not getting the results he wants, how does Randy persevere, and keep the ball moving down the field? Not surprisingly a big element of it is relationships.
- [68:54] Let’s stroll over to the rapid fire: Android or Apple; impactful books Randy recommends; room-desk-car – nope! glasses first; favourite band; favourite movie; favourite streaming series; favourite inspirational quote (happens to be his own).
- [72:54] Randy’s gratitude.
