Hey, brokerage owners and team leaders. I'm sure you've experienced this because I've experienced it a million times:
As a brokerage owner, later as you get a stream of agents coming into your office and they're always asking the same exact question. Like, "Oh, I got to ask you about this." And you're like, I've answered this like ten times this week. Drives you a little crazy, a little bananas.
But you go through and you do it again, and you think about that time suck of answering the same question over and over and over again.
Let me give you a solution for that.
And that is to create your own little mini university, right?
Your mini university just means you're going to create a recorded answer where you answer this frequently asked question, this FAQ question.
And now you push this out to your office and say, "Guys, I'm getting this question a lot. I just want to answer it en masse."
You put it on your Facebook closed group. Maybe if you had a YouTube channel, a private one,...
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'...
Brokers, owners, team leaders, office leaders, I’m going to give you a little tip for your next office meeting.
So sometimes we start office meetings… I’m going to give you one really good way to make these meetings come alive, and I’m going to give you a second good way to really make them come alive.
One is to have the “Genesis Conversation.” What is that?
Well, when you’re doing your “haves and wants,” people are talking about new listings, sales, closings, and so forth. I want you to follow that up and say, “Hey, tell me, where did that listing come from? What was the genesis point where the lead came from, in other words?”
And people say, “Well, it came from my sphere of influence,” or “It was an open house,” or “It was a sign call,” or “It was an internet lead.”
Great. And then you move on to the next person: where was the genesis point for you?
And everybody in the office is going to now really get tuned into where all the leads are flowing from.
80% of the time it’s gene...
Hey guys, if you are a brokerage owner, I’m going to challenge you to do something which I think would be very valuable for you, and that would be to create a value map of your company focused on the three T’s:
Training, Technology, and Tools.
If you’re going to take out a white sheet of paper, write down every piece of training you offer as a company, every piece of technology you offer as a company, every tool that you offer as a company. Write it down on one sheet.
Maybe it’ll take a couple of sheets.
Then take that list, put it in Canva, and have it create a nice checklist for you.
Bring it to your next office meeting and say this:
==
“Hey guys, I created what I call a value map of the company, just showing off all the tools, technology, and training we’ve got.
“I just wanted to have everybody check it out and see if there’s something maybe you haven’t taken advantage of, that maybe you want to plug into in the next 12 months to help you create more transactions.
In fact, I’...
Hey brokers, team leaders, I’ve got a question for you: when was your last wow moment when it comes to marketing for your firm?
When did you roll out a piece of digital marketing — maybe a new sign design, new branding, new flyers, something fresh and exciting technologically? Maybe it’s a new website or a new social media skin. Something that wowed your agents.
If the answer is you can’t remember, or it was sometime last year, I’m going to suggest that you commit to doing this once a quarter.
Once a quarter, you should be rolling out a wow moment for your agents where they’re like, “Whoa, that is cool. That is really exciting.”
This keeps your company fresh. It keeps it exciting. It gives you a retention tool, and it gives you a recruiting tool at the same time.
Then the question becomes: what is it?
We’ve got to go in search of it. We’ve got to look for people outside of our company, ideas, strategies, marketing pieces, branding pieces outside the company, and be in tune and sa...
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...
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...
My brokerage owners and team leaders out there, I’ve got a question for you.
Have you ever thought about your business as having a hole, a gap, an area where your weak?
Maybe you’re not strong in riverfront property. Or maybe it’s multifamily, commercial properties, land, or condos—some area of the market where you’re underperforming in this category.
How do you fix that, and how do you fix it rapidly?
I’ll tell you the number one way to do this: Recruit into the gap
You can do this by identifying the top 10-20 agents in that niche in your market area. Then you give them a quick call or a text and say something like the following:
==
“Hey, I was doing some numbers this morning. I saw that you’re the number one condo salesperson in this area for the last two years—congratulations.”
Or, “You’re in the top 20 of agents who signed the most land in our county last year. It’s incredible.
“And the reason I’m reaching out is because I want to develop that niche at our company. I feel li...
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.
A...
One of the things I'm asked as somebody that specializes in recruiting is how does it impact your recruiting strategy when A) you're going after an office where there's a competing broker, and B) what if you’re the competing broker in your market?
So let's start with a question: what if I'm going after an office where there's a broker that's out there still selling real estate? And that's very, very common. In fact, the vast majority of brokerage owners in the country still sell.
So here's the trick. When you're looking at those companies, when you're looking at the overall agent productivity of that office, you've got to break out the leader, because the leader is inevitably the top producer in the office.
And when I break their production out, it will bring all those other agents' production down. So I'm having a meeting or a conversation with somebody, I can say”
“Hey, I took a minute and I looked at your overall office productivity. Looks like you had a pretty good year. But wh...
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!