So brokerage owners, if I walked into your office today and I just put my hands out and I said, "How does it feel to be in your office?"
What would I feel?
Would I feel like it's an energetic place, that it's motivational, that I'm inspired by being there?
And even if you're running a cloud-based brokerage, this still applies to you, by the way.
When I talk to your agents, do they say, "Hey, working with this company makes me feel just energetic. I feel excited. I feel like I can tackle the market."
Or if I walk into your offices, does it feel quiet? Are there crickets? Is it like a morgue? Is it not exciting? It's just kind of... look.
What does it feel like?
So here's the real question behind the question:
Can you, as a brokerage owner-leader, influence how it feels in your company?
The answer is, of course, yes.
So how do we do it?
I'm going to give you what I call the Five-One Approach. I call this going big and going small every day.
So going big means we do one thing ...
Are you a global REALTOR or a local REALTOR now?
Most of us were trained to be a hyper-local REALTOR. We specialize in our market, in our state, which is a good thing, but we might be missing out on as much as 10% of our income by not telling people that we're actually a global REALTOR.
What does that mean?
That means that we can refer people to any other REALTOR in the country, and even in the world, if they're interested in buying in other states, in your state but other areas, or even internationally.
We can earn referral fees, but we're missing that opportunity.
Raise your hand if you missed a referral opportunity in the last 12 months from a friend or family member that told you after the fact that they have purchased a home somewhere else, or they're selling a home somewhere else, and you might have thought, "Well, I guess I just missed that opportunity."
But when you say that, it's really thousands and thousands and thousands of dollars you're missing out on, for no reason...
Hey, brokerage owners & team leaders. Quick question:
What's the number one reason why somebody will join your firm as opposed to all the other firms in the marketplace?
If your first inclination is to say, "It's because we have the best commission plan," you've already lost.
If your whole strategy is based on what you're offering in terms of commissions to agents, you're going to lose because somebody is going to come in right behind you and offer an even lower commission split.
So commission-split warfare is a straight path to going absolutely broke.
This business is not about what agents really want.
If you look at the marketplace landscape in your market right now, I guarantee you the number one offices are not the cheapest offices.
You know who the number one offices are?
It's those offices that are showing agents a path to a higher transaction count (and this is the biggest thing you should focus on).
They're giving them a way to increase the number of transactions they'...
Hey guys, you’ve probably noticed in your market a lot of new construction when it comes to apartments. That’s common across the country right now. Tons of apartments coming online, tons of rental properties.
What’s happening is it’s putting pricing pressure into the rental market. I own rentals in my own small town here in southern Oregon, and we’ve seen pricing pressure here locally.
And what that means is that people that have rentals might be feeling a little bit under pressure, especially the higher-priced rentals.
So let’s assume somebody bought a home. They’ve got a mortgage, they’ve got taxes, they’ve got insurance, they’ve got a property manager to pay, utilities—all the costs associated.
So you’ve got to ask a pretty steep price.
And now the number of renters willing to pay their price has dropped, so they’re sitting vacant.
This is an opportunity for you to pick up listings.
Watch for those high-end rental properties in your market. Watch those rental websites. Watch ...
Hey, brokerage owners, team leaders, I’ve got a few questions for you:
First: What’s been your biggest sale ever at your company? Interesting question.
Second question: What’s been your biggest month ever for closing transactions, by volume and sides?
And then third question: What’s been your biggest listing month ever, by the total number of listings coming into your office?
Those three key performance indicators—you might call those your best records, right? Your highest achievements as a company are really a fun thing to measure your team against and say:
“Guys, I just did a little study.”
You’re talking to your team members in an office meeting.
“I just did a study. Here’s our biggest sale ever in the history of our company—and this is the agent who did it.
And then, “our biggest month ever at this company has been 32 transactions, 15 million closed.
“Our biggest listing month ever was this number.
“I want to set a goal for 2026, 2027 for us to hit a higher number—a highe...
Let me give you a quick, super simple thing that all REALTORS should do.
Once a week—maybe once a month at the very least—you should do the 24-hour report as a live report on your social feeds. It could be a Reel, could be a story.
But what is a 24-hour report?
It simply means you're on your hot sheet in the MLS, and you just read off the stats of the hot sheet. You're going to say something like this:
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“Hey, I just want to give you a quick update on what's happening with the market.”
It's been 24 new listings in the last 24 hours, 18 listings went pending, 32 have closed, and we've got 25 price reductions.
The market is really humming along. We've got a lot of great things.
I saw this really incredible buy come up that I'd love to share with you—if you're looking for a rental property, it looks incredible. We've got another one on a rural property that looks fun too, right on the river.
If any of you have a real estate need, I'd love to be somebody that you talk to. Give me a...
The late, great Lou Holtz had a way of speaking. If you’ve never seen him speak, I recommend you go check him out on YouTube. Incredible speaker.
But one thing he taught me was that the way people buy is they ask themselves three questions—the essence of these three questions.
First of all, can I trust you?
Can I trust you?
How are you showing that people can trust you? Online reviews. Written recommendations. Testimonials. Can I trust you? Number one question I have.
Second question is, are you good at what you do?
Are you good at what you do? How are you showing that? Are you showing that you're actually getting the job done, or are you getting what I call resistance from your own sphere of influence—not doing business with you or referring you on a regular basis?
Why would that be?
The reason is you're not showing them you're good at what you do. You're not saying, hey, I sold this. I got this pending. I'm out here working every day. I'm working, working, working, and you're...
Brokerage owners, team leaders—I know that you're recruiting every day because you're supposed to do that to build your business. I know you're doing it.
And when you're doing this, and you're setting aside one hour a day for recruiting, who are you targeting? Well, who you should be targeting is the people that are going to be the most receptive to your message.
And often, we just target the top producers in the market, or we target a certain group of people that has done this much production over this number of years.
But let me give you another target: “Gap Agents.”
What's a gap agent?
This is an agent who has not closed a deal in the last 90 days.
They have closed deals in the past. Maybe they've been a top performer. Maybe they were a consistent 3 or 4 or 5, 6, 8, 9 top producer.
But for whatever reason, in the last 90 days, they have not closed a transaction.
These folks will be much more receptive to having a conversation with you because they're looking to be rescued. T...
Hey guys, do you have a client party scheduled for spring or summer? If you don't, you're missing an opportunity. Why? Because the best agents in America generally are doing at least one client party a year, and a lot of them are doing two—the best times to do a client party: spring/summer and fall/winter. So those two types.
And ideally, I would say spring and fall are the absolute best times. Now what's the benefit of doing a party with your clients?
Well, first of all, the benefit is that you're going to treat them as friends. Remember: Friends do business with friends, and friends refer friends. And when you break bread with people, when you have a drink with somebody, when you relax in a relaxed environment, you become friendlier.
You have more conversations that aren't always business related.
So I'm going to give you a couple of tips, two or three ideas, about creating your best event possible.
First tip I will give you is this: it's not about the event size, it's about the...
If you're a brokerage owner or team leader and you're saying to yourself, “hey, who should I target in terms of recruiting in my local market,” I'm going to give you The 20% Rule.
This is something we should all be aware of: There are people that are more likely to move than others in your market area, which falls in The 20% Rule.
Here’s what The 20% Rule means:
People that have had an upswing in their business by 20%, or a downswing in their business by 20% over the past 12 months.
So let's look at the downswing folks. The downswing folks are looking to be rescued. It's a perfect opportunity to be calling them because who do they blame? They never blame themselves.
There's never going to be a time where they say, “well, I didn't do what I was supposed to do.” They're always going to say, “well, my brokerage should have given me better marketing or better support or better training or better leads. It's their fault, not my fault.” It's just a natural tendency of what agents do.
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