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Apr 19, 2024 · The definitive guide to real estate agent retention, with proven ways to attract and keep top-producing agents & strengthen your brand.
- 1- Offer Competitive Commission Rates
- 2- Provide An Excellent Working Environment
- 3- Give Your Agents A Voice
- 4- Bring New Ideas
- 5- Allow Your Agents to Grow
- 6- Keep Your Promises
- 8- Make Your Agents A Part of Your Team
The first and most important thing to remember when you are thinking about how to retain real estate agents on your team or brokerage is how much money they are making at your company vs how much money they would have made at another company doing the exact same things. At the end of the day real estate is a business, and agents are their own busin...
Your team’s morale affects how productive they’ll be, so make sure you create a culture on your real estate team or brokerage to make it a good place for agents to work! If you are a real estate team leader, it is important to create acollaborative and welcoming environmentfor your agents. Many times, when agents are working in a team environment, ...
As a team leader or broker, you need to be a good listenerand only offer feedback to agents who want it. Agents are more likely to stay with you if they feel like they’re a part of a team and have a voice in the team or company’s future. Be sure to include your agents in important decisions, including how the company is run, how new ideas are imple...
If you are not growing, you’re dying. Real estate teams and brokerages need to keep their agents motivated by introducing new ideas on a regular basis. This could be in the form of new marketing ideas, changes in the company or team policy, or ways to improve how the team communicates and works together. If agents feel like they’re stuck in a rut a...
Real estate team leaders need to allow their agents to grow and improve as realtors. When agents feel like they have no potential to grow, they are likely to look for new opportunities where they can increase their business, become better realtors, or make more money. It is crucial that team leaders and brokerages give their agents the opportunity ...
Team leaders and brokerages must keep their promises to their agents in order to retain them. This means that team leaders and brokerages must provide the opportunities that they have promised their agents when they were recruiting them to the team, such as mentorship, coaching, lead generation software, free leads, and transaction coordinators. Te...
When it comes to how to retain real estate agents on your team or brokerage, one of the best ways to do so is by making your agents not just feel like they are a part of the team or brokerage, but actually make them a part of your business. One way to do this is by rewarding your top agents with equity in the team or brokerage. This can be done in ...
Aug 10, 2021 · According to the National Association of Realtors, the median experience of current U.S. agents is just eight years, suggesting a high degree of attrition overall. The median length of time...
Apr 18, 2022 · Real estate agent turnover is skyrocketing; what's a brokerage to do? Marcus Larrea shares his firm's best practices to help ensure consistency in yours.
Jun 13, 2023 · In the dynamic world of real estate, the attrition rate among agents remains alarmingly high. In fact, according to 2020 estimates, up to 88% of all new agents quit before they reach 5 years in the industry.
Jun 25, 2020 · According to several long-held, often-cited industry stats, the real estate attrition rate falls anywhere between 75-90 percent within the first six months to five years. That’s almost twice...
Sep 18, 2017 · Have you ever lost one of your best past clients to another real estate agent? To reduce the attrition in your business, follow these five simple steps.
