Free Webinar 'Opening the Door to Recruiting Conversations' Click Here

2 Recruiting Mistakes Killing Your Real Estate Brokerage (Do THIS Instead!)

 

Here’s a question I get almost every day from people who think they need to start recruiting to grow their business.

As a real estate brokerage owner or team leader, the only way to grow profitability is by increasing the number of agents working for you.

You have to switch hats. Many of you are coming from being top-producing agents, where your focus is on personal production. But when you move to the brokerage side, it’s no longer just about your production—it’s about where production comes from.

Production doesn’t come from one, two, or even ten agents. It comes from a team of agents working under you. Your customers are no longer buyers and sellers. As a brokerage owner or team leader, your customers are agents.

If you want to grow, you need more customers—more agents. If you stay stagnant with the same number of agents, you won’t just fail to grow; you’ll become less profitable over time. Inflation is constantly eating away at your profit margins. It’s grow or die. Expanding y...

Continue Reading...

How to Handle Toxic Top Producers and Build a Stronger Real Estate Team

 

Let’s talk about the Primadonna agent.

We’ve all heard the term, but what does it mean? It refers to someone—hopefully not in your office—who believes they hold power over the broker or staff. They might wield this perceived power by being verbally aggressive or abusive, saying and doing things that are completely inappropriate. They think they can get away with it because of their production level or tenure in the office.

So, what do you do with a Primadonna agent? Here’s the unspoken fear many office and team leaders face: If I get rid of them, I’ll lose money. Maybe they’re a top producer, and you’re thinking, “I can’t afford to lose someone like that.”

But when you let this fear control your actions, it gives them even more strength—and their behavior gets worse over time. Worse still, having this kind of toxic person in your office impacts your recruiting. Potential recruits may avoid your office entirely, even if they don’t say it outright. They may think, “I’d join, but I can...

Continue Reading...

From Agent to Recruiter: The #1 Skill to Build A Thriving Real Estate Team!

 

When you step into the role of recruiter for your team or office, you have to shift gears. You likely came from production, where you were a top agent and a confident salesperson. Talking to buyers and sellers felt natural.

But then you put on the recruiter hat, and suddenly making that first call to a potential recruit feels daunting—like the phone weighs a thousand pounds. It feels awkward and uncomfortable. Why is that?

It’s because you don’t have the skillset yet. Confidence comes from competence, and competence comes from learning and practice. The good news is you can develop those skills by getting coached and learning from others who’ve been where you are. We’ll share some tips and tools to help with that in a moment, but first, let me give you something to think about.

If you’re serious about growing your team or office, you need to commit at least one hour a day to recruiting. Without that, your business is at risk.

Here’s where many people get stuck: they think they can ...

Continue Reading...

What To Do After a Potential Brokerage Recruit Suddenly Goes Cold

 

You might’ve had a call where you had a great conversation with a potential recruit—someone you thought would join your company—and then suddenly they went cold. They didn’t join.

What happened?

Well, it’s not about your offer. It’s not about you, what you said, or didn’t say. It’s about their timing. Timing is unique for every agent. Every agent has a runway—that is, the time it takes for them to join your firm. Some have a short runway, some a long one, and others a really long runway.

It’s not about your timeline; it’s about theirs. And here’s the key: the fortune is in the follow-up. But you don’t want to apply pressure.

Here’s what the worst recruiter does: “Jim, we’ve got to get you over here. Let’s make it happen!”

That approach is all about your needs, not theirs.

People often have legitimate reasons they can’t make a change right now. They may have things going on in their world—deals, listings, personal matters—that make it logistically impossible. If you make it about ...

Continue Reading...

Why Agents Will Leave Your Competitor: The Truth About Small Market Recruiting!

 

I've heard this so many times over the years: "My market's different, Jim." When it comes to recruiting, people say, "We're in a tiny market, a rural market, a niche market, or a very cliquey market. People here don’t make moves like they do in big cities. Recruiting doesn’t work here."

Let me tell you something: I come from a small town with a population of 25,000. I’ve worked in big cities, small towns, medium-sized cities, and even cliquey ones. Here’s the reality: the numbers behind recruiting aren’t something I’m making up. These are national statistics.

The average agent in America moves every five years.

Look at your entire database of agents in your market and think about this: every single one of them will likely move in the next five years.

Statistically, some will move sooner, some later, but overall, they’re going to move.

The question is: where are they going to go?

Think about your own career. Did you stay at one company forever without ever making a move? Probably ...

Continue Reading...

The #1 Secret to Recruiting Top Agents: It’s NOT What You Think!

 

What's the number one motivator for someone to move from Company A to Company B? It's not the commission plan, so get that out of your head.

The answer is this: the reason I'm going to move from Company A to Company B is because I believe Company B can help me close more transactions.

Transaction count is the number one motivator for all agents. Yet, when I talk to most brokers and ask them to list the top five reasons someone should join their firm, the first things they often mention are: "We've got a great culture here. It's a family organization really connected to the community. People just trust each other. We've got a great staff."

These are all fantastic qualities, but let me tell you what that is: soft value.

Soft values are what keep agents at your company. People love to work at places with great culture, a charitable spirit, an open-door policy, and strong support staff.

But soft value isn't what moves an agent from Company A to Company B.

What moves agents is one thi...

Continue Reading...

The Real Estate Brokerage “Danger Zone”: Why Mid-Size Firms Struggle (And How to Avoid It)

 

Here’s a question: Of the three types of real estate companies I’m about to describe, which do you think is the most dangerous to own in terms of survival?

  • Type 1: Small boutique company with 1–30 agents, operating in a metro or small town.
  • Type 2: Mid-size firm with 30–70 agents, maybe up to 100 in a bigger city.
  • Type 3: Large firms with 70–100+ agents, scaling up to hundreds or even thousands.

Which one is the most dangerous?

For brokerage owners watching this, the answer is the mid-size company.

Here’s why: mid-size companies lack the economies of scale that smaller or larger companies enjoy.

  • Small boutique companies operate on a lean footprint with minimal staff. They can hit their niche, maintain high profitability, and foster strong loyalty among their agents. They’re easier to manage and highly efficient.
  • Large firms benefit from collective contributions. Even small amounts from many agents add up, allowing for investment in larger offices, better technology, more
  • ...
Continue Reading...

How to Recruit Agents for Your Brokerage (Even If You’re Just Getting Started!)

 

I get this question all the time from brokerage owners and team leaders: “How do I start recruiting today when I don’t have everything built yet?”

They often feel stuck in a catch-22: They think they need to build their vision first in order to start recruiting, but they don’t have the money or resources to build it because they don’t have agents yet.

Here’s the answer: People will buy into your vision as long as you can articulate it clearly and tie it to a timeline.

When you’re talking to agents, say something like:

"I’ve got this vision of the kind of company I want to build. I’m looking for a few people who want to get in on the ground floor and help me build it. We call them ‘founder agents.’ They’ll be right there, side by side with me, helping shape this vision. Can I explain to you what I’m trying to create?"

If you can sit with people and lay out a clear vision of what you’re working towards, they’ll buy into it. It doesn’t have to be 100% built yet—that’s what you’re wor...

Continue Reading...

Why Agents Leave Your Brokerage (And How to Stop It): Proven Retention Strategies for Team Leaders

 

Have you ever lost an agent? I have.

If you're a broker owner or a team leader, you probably have too. At some point, an agent decides to leave, and it feels terrible—like getting punched in the face. It's emotional, and you might wonder: Why did that happen? Was it my failure, or is it just part of the industry?

Here's the hard truth: it often is a failure on our part.

Specifically, it's a failure to understand where that agent was in their career. And that failure stems from a lack of communication with the agent.

Retention—that's what we're talking about here. Keeping agents starts with building relationships. And relationships come from spending time with your agents.

Time leads to relationships, and relationships lead to retention. So, the first step is spending more time with your agent team.

Now, you might say, “Jim, I’ve got a 200-agent office. There’s no way I can spend more time with all of them.” But it’s not about hours of one-on-one time. Even five or ten minutes can...

Continue Reading...

Stop the #1 Mistake Holding Back Your Brokerage: How to Recruit Top Agents Consistently!

 

As a real estate broker or team leader, there’s one thing that might be holding you back from growing your team: distractions. Whether you realize it or not, your main job as a team leader or brokerage owner is to recruit experienced agents every single day.

If you’re not recruiting, you’re not bringing in new "customers." And here’s the shift: when you transitioned from being a superstar agent, closing millions in sales to leading a team or brokerage, your focus changed. You’re no longer selling real estate to buyers and sellers. Your agents are now your customers, and the more agents you have on your team or in your office, the more profit you bring home.

Here’s the catch: as soon as you stop recruiting, you cap your ability to earn. Unlike being an agent, where sales directly increase your income, being a team leader requires constant recruitment to grow.

Your ultimate goal should be getting out of production entirely. And there’s only one way to do that—recruiting experienced ag...

Continue Reading...
Close

50% Complete

Fresh ideas, new scripts, cool tools, and the hottest trends in the real estate industry are coming your way. Have an amazing day!