If you're a broker, owner, or manager, here’s a key question for you:
Are you benchmarking your agents?
What do we mean by benchmarking? It means drawing a line in the sand—looking at what an agent has done over the past 12 months and what they want to accomplish in the next 12 months.
We call this Per Agent Productivity.
Start by measuring your entire office: What is your average per agent productivity?
Let’s say the average agent in your office is closing 6 transactions per year and doing $3 million in production. Once you know that number, and you must know that number, you can set a growth goal.
Now, based on that, figure out how you can push the envelope and go from 6 to 7, 8, 9, even 10 transactions per agent? What’s it going to take to make that happen?
It comes down to two things: recruiting and retention.
From a recruiting standpoint, your goal should be to help new agents outperform where they came from. This is another layer of benchmarking.
When an experienced agen...
Here's a question for you: Are you a real estate concierge?
What’s a concierge? If you’ve ever been to a hotel with one, they’re the people who connect you with local shows, restaurants, and experiences. They make your stay smoother and more enjoyable.
That’s exactly the approach we should be taking with our clients—and even our potential clients.
You can start the conversation like this, “Hey, as a real estate professional, I work with vendors all the time—gardeners, plumbers, electricians, carpet installers, landscapers, you name it. If you ever need anything related to real estate, call me. I can connect you with the best.”
Because I refer clients to these vendors regularly, my clients usually get the best pricing—and they move to the front of the line. It’s a win-win.
When you position yourself as the go-to person for anything home-related, you naturally start having more conversations with clients. They’ll call you and ask, “Who’s your landscaper?”
You say, “I’ve got a great...
As a brokerage owner or leader of a real estate company, you probably remind your agents every week that the best way to grow their business is by engaging their Sphere of Influence (SOI) and consistently asking for referrals.
But are we holding ourselves to the same standard?
We should be asking our own agents for referrals and recommendations about who we should be talking to in the marketplace.
Questions to ask regularly:
By engaging agents consistently and requesting their generosity, they start to understand the importance of referrals—just like our clients do when we ask.
Agents aren’t conditioned to send referrals unless we ask. The best time to ask is right after you’ve helped them like after:
Let’s say you got a referral today. What's your next step?
You should have a series of steps you follow every time. When you systemize how you approach referrals, sure enough, more referrals come your way.
Let’s start with what NOT to do: We’re not just going to send a silly little gift card or a coffee card as a thank-you. That would be ridiculous. We should do way more than that.
Think about it—this is the apex point. Everything you do with your SOI (sphere of influence) is leading up to getting a referral. And when you finally get that payoff, when someone actually sends you a referral, wouldn’t it be crazy to just send them a $5 or $10 gift card?
That’s why we're going way bigger than that.
So here’s a list of things to consider:
First, call them and thank them. If you haven’t already, send them a handwritten note: “Hey, thank you so much. I appreciate the referral.”
Then praise them publicly on social media. Make a post thanking them. This encourages others in your SOI to t...
One of the jobs we often overlook as managers, broker-owners, or team leaders is the important fundamental of setting macro and micro level goals for your organization.
What do I mean by that?
A macro goal is the big picture—being able to say to your team this is our goal for the company this month.
It might be:
(Or maybe it’s 50. Maybe it’s 100. Pick your numbers.)
But we have to set a clear expectation for what we’re trying to achieve. That’s how we build a culture of performance.
When we don’t set those expectations, there’s no strategy, no sense of direction. No one knows what we’re aiming for—and as a result, it never happens.
We wonder why we can't break through certain barriers. It's because we don't set goals.
You can't hit targets you don’t set.
So set a target for your organization. Say it out loud. Proclaim it. Make it something your team is excited to shoot for.
And when you’re getting close...
Let’s say you meet a buyer at an open house, online, or at an event, and you think, "Hey, I’ve got a hot lead here." Then they cool off. Ever have that happen?
Here’s the issue: Most buyers are not immediate buyers. About 75% of buyers are in the buying cycle for six to nine months before they actually close. Only around 25% of the people you meet will buy within the next 30 days.
The problem is, most agents don’t have a strong follow-up plan.
Your follow-up process should have at least five touchpoints during the buying cycle—and for many of us, it probably needs more.
Think about your follow-up: How often are you reaching out? And how many different media channels are you using?
Sure, you can just call. Or just text. Or send video texts. Or rely on social media. Or mail letters.
But really, you should be doing all of it.
The one thing I want to emphasize today is the concept of a video drip campaign.
This is a system anyone can implement, yet almost no one is doing it.
Even ...
I want to give you a strategy to start using every day in your office.
As you're walking through the halls and having conversations with your agents, follow those conversations up by asking, "How’s your pipeline?"
You’re communicating to your team that you care about their performance and want to help them reach the next level in their business.
By asking those magic words—"How’s your pipeline?"—you’re going to unlock a lot of meaningful conversations.
People will say things like:
You’re going to hear a lot of that. And that’s exactly what you want.
Don’t avoid those conversations… go straight at them.
Because if you’re not having that talk, someone else is... and that someone is likely trying to recruit your agents by offering them a solution.
You are going to be that solution.
When an agent shares a challe...
Hey guys, did you know that there are 32% more listings on the market today than there were a year ago at this same time?
We're still a bit below pre-pandemic levels, but we’ve climbed past 2023 and 2024 numbers. Sellers are coming back to the market.
But here’s the thing—we’ve got a lot more competition, and while pending sales are higher than last year, they’re not absorbing inventory as quickly as they used to. That means market times are going up.
When we're talking to sellers, it's really important to help them understand what’s happening in real time.
One strategy for doing that is called the Buyer Eye Strategy.
What is the Buyer Eye Strategy?
It means when you're sitting with a seller, you say:
“Hey Mr. and Mrs. Seller, I'm going to set you up just like you're a buyer in this market—someone looking for a home just like yours in the same price range. That way, you’ll be able to see when new listings hit the market, when there are price reductions, when homes go pending, an...
If you're a brokerage owner or team leader, one thing you might be missing is building out your culture. And culture is incredibly important. One of my good friends told me years ago: "Culture beats strategy every day of the week."
Here's what that means:
You can have amazing technology, great coaching, strong leadership, solid systems, excellent staff, a great location, and competitive commission plans... but if people hate coming to work every day, none of that matters.
You need a culture where people are excited to show up, love the work experience, have work-life balance, and enjoy being part of the team. So the real question is: How do you build culture?
Culture doesn't happen by accident. It's intentional. You have to invest time, effort, and energy into building it.
One thing we do at our company is host social nights—sometimes during the day, but we call them social nights or events. We aim to plan one every 6 to 8 weeks. These events can be anything from go-karting, atten...
When we're talking to our sellers and giving them feedback each week about what's happening in the market, it's really important that we educate them on a few things that often get missed.
One of those is the power of virtual showings.
So what’s a virtual showing? A virtual showing is when someone visits your listing online. They may or may not come see it in person, but that initial view online is still a strong signal. It means your marketing is working—it's attracting people to look at the listing on Zillow, Realtor.com, your own website, or the MLS.
From there, the buyer decides: Is the listing priced right? Does it look like it’s in great condition? Is it staged properly? A number of other factors come into play once they arrive at the listing page—but your job is to get them there.
And when you’re talking to our sellers every week—and this is how you earn price adjustments, by the way—you need to bring up virtual showings.
Right now, price adjustments are on the rise. About ...
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