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 thing:...
What if your next transaction is embedded in your current transactions? This is such an easy concept but often overlooked by many agents. Every escrow you have is a pathway to more escrows. Let me share three key strategies to help you leverage this opportunity.
First, introduce every single person you're in escrow with to your VIP program. You might say, "I don’t have a VIP program." Well, you need to start one. A VIP program simply means telling your clients:
"Now that you’re my client and we're closing this transaction, I’d like to invite you to my VIP club. Here’s how it works: If you hear someone thinking about doing real estate business and refer them to me—even if they don’t close—that act alone makes you a VIP. As part of the VIP club, you’ll get access to special events throughout the year, quarterly prizes, and a grand prize at the end of the year. Plus, for every referral you send, you’ll receive a small gift from me."...
Here's a question for you: When you're working with a buyer for the first time, do you have a pre-buy meeting checklist?
If not, you're probably not delivering the highest level of service possible. A pre-buy meeting checklist helps you prepare to serve your clients at the highest level.
What could that checklist look like? Let me share some items on my checklist that might give you an "aha" moment to add to your own.
1. Research the Buyer
First, I research the buyer. I do a Google search to ensure there are no red flags and check their social media. This helps me gather additional information that may not have come up during our initial conversation.
I also connect with them on social media, talk to their lender to understand their financial needs, and reach out to whoever referred them. These steps help me get a comprehensive understanding of who they are.
2. Prepare the Buyer
Next, I prepare the buyer. I send them a qualifying questionnaire—just four or five...
I want to share one of the best strategies I’ve heard from a top agent in years. This story comes from my friend Dan, who had a client searching for a specific type of property.
Dan started making calls and came across a duplex owner. While driving by the property, he saw the owner outside mowing the grass. He introduced himself:
"Hi, I’m Dan. I have a buyer interested in multifamily properties, and I was wondering if you’d consider selling these units."
Her response? "No, I think I’m going to hold onto them."
But here’s where Dan worked his magic.
Dan didn’t stop at the first “no.” Instead, he asked a follow-up question:
"Can I ask why you’re holding onto them?"
Her answer? "I think I’m getting a good rate of return."
Dan responded: "That’s great! And if you are, you should definitely keep them. But if I could find you something with a better rate of return, would you consider selling these?"
That opened the door to...
Every year, NAR studies home buyers and sellers and compiles the data into a report called the NAR Profile of Home Buyers and Sellers. It examines metrics like how buyers and sellers behave, how they find agents, and what technology they use.
I pulled out some key insights today that are especially relevant to lead generation.
First, let’s talk about how sellers find their real estate agent. Any guesses? Here’s the data: 77% of sellers find their agents through a referral or repeat business. That number is increasing, not decreasing. Last year, it was 69%, and now it’s up to 77%.
Despite predictions that online leads and new technologies would reduce this percentage, that hasn’t been the case. Referrals and repeat business remain the dominant ways sellers find agents.
Now, how many agents do sellers typically interview before hiring? You might think there’s a lot of competition, but the reality is this: 81% of sellers interview only one agent. While we...
If I were to sit down with you today and talk about why an agent should join your firm, what would be the top five reasons?
I do this all the time—teaching live classes and coaching brokerage owners and team leaders. This is a conversation I love to have. Often, I'll hear things like, "We're a family-oriented organization, we have a great culture, we do a lot of social events, we're really engaged with the community, and we're hyper-local. Staff is great, we have an open-door policy."
Those are all great things… But these are centered around what I call “soft value.”
Soft value is what keeps agents at your company. It’s important for retention—and trust me, you want to retain agents.
But if you’re going to move agents from one company to another, you need a different conversation, one focused on “hard value.”
Hard value moves agents, soft value keeps them.
So, what's hard value? It’s anything that helps me close more...
Have you ever had someone in your company say, "Geez, I can't believe how great it is here. I wish I had made the move years ago"? This has happened to me so many times as a brokerage owner. It often took years to recruit them, and once they join, they're like, "This is amazing. Why didn’t I do this sooner?"
It’s frustrating for us as brokerage owners and team leaders, but there’s something we can do about it.
The strategy is called “presuasion”—not persuasion, but “presuasion.”
What does that mean? It’s about taking a more casual approach to recruiting, in some ways, and showing people what they could experience if they joined you.
How do you do that? The easiest way is through testimonials from your agents. But not just from the agents who’ve been with you the longest—the best ones come from those who have joined most recently. When new agents say, "I wish I had joined six months or two years ago," grab that...
Want a stat that'll blow your mind?
The millennial generation is wealthier than my generation and the one before me. They're wealthier than the last two generations at the same age.
You might say, "What? That can't be true."
But it is.
And here's why:
A lot of this has to do with buying a home, and this is great news for us. Many millennials bought homes pre-COVID or at the beginning of COVID, and they had to stretch to do it. We often don't give them enough credit, but a lot of them gave up their lattes and stopped ordering from Instacart and DoorDash. They really stretched and bought a house before or at the start of COVID.
Back then, they thought prices were high and that they were stretching too much. But they made it happen. Then, what happened with prices? Prices skyrocketed during COVID. So now millennials are benefiting from this huge equity build over the last few years. That equity makes them more affluent than the two generations before them.
So why am I bringing this up?...
Hey guys, did you know that only 5% of REALTORS reach out on the one-year home anniversary after selling someone a house?
Isn’t that crazy? Just 5%! And even fewer do it for the second, third, fourth, or fifth year.
But if you’re one of the 95% who haven’t done this, here’s your opportunity. Go back — not just this year, but 2, 3, 4, or even 5 years — and load up the contacts you’ve forgotten about. Give them a quick call today and say, “Hey, I just wanted to wish you a happy belated one-year (or two, three, five-year) anniversary on your home purchase.”
And by the way, take a couple of minutes to run an updated equity analysis for them. Say, “Here’s how much money you’ve made on your house in the past few years. I’m sending you the report so you can check it out.”
If you start doing this every year with all your past clients, your business will boom. This simple gesture can unlock so much potential....
Hey guys, what is your power base number? This is an essential number that every REALTOR should know. Your power base number is simply this: if I take my database size — and you should know your database size, whether it’s 195, 232, or 182 — you should know that number. If you don’t, you’re not in control of your business (which is a whole other conversation).
Let’s assume you do know it. Let’s say your database size is 232, and you closed 22 transactions last year. If I divide one into the other, 232 divided by 22, it tells me that for every 10.5 people in your database, you’re averaging one closed sale.
That’s your power base number.
You can use that number in a few ways. For business planning, you can say, “In 2025, I don’t want to close 22 transactions; I want to close 30." Since you know your power base number (closing one transaction for every 10.5 people), you can calculate that 30 times 10.5 equals 315.
Now,...
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