As a brokerage or team owner, you should be recruiting every dayâat least one hour a day. If you're not, that's a whole different conversation. But letâs assume you're doing your job, recruiting daily, because thatâs the #1 way to bring new agents into your office.
When you get an objection, how do you react? Do you see it as an opportunity or something that scares you? Do you embrace it, or do you run from it?
Objections are just like the ones you get from buyers and sellersâthey actually show interest. The worst thing that can happen is getting no objections at all. If a recruit gives you zero pushback, doesnât respond, or their eyes glaze over, that means theyâre not interested. They just want to move on, and youâre nothing more than a nuisance to them.
But when they object, that means theyâre engaged. Theyâre processing what youâre saying, thinking it over, and thatâs a good thing.
One of the best ways to handle objections is to anticipate concerns before they come up. Put your...
If you're a recruiter for your company, a brokerage owner, or a team leader, there's something important you need to understand: you have to recognize the strength in every weakness and the weakness in every strength to succeed.
We can't be all things to all people in real estate. You might have a large brokerage or a small one, a great physical office or none at all, be part of a franchise or independent, have top-tier technology or limited resources. The key is not to get hung up on what you donât have. If you use it as an excuse to avoid recruiting and prospecting, youâre holding yourself back.
Instead, ask yourself: what's the strength in the weakness? What's the weakness in the strength?
For example, letâs say someone tells you, âI donât want to work for a competing broker.â Thatâs a valid concern. If you are a competing broker, you need to be prepared with the right response.
You could say:
"I totally understand where you're coming from. But can I share why being a competing...
Hereâs 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, itâs no longer just about your productionâitâs about where production comes from.
Production doesnât 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 customersâmore agents. If you stay stagnant with the same number of agents, you wonât just fail to grow; youâll become less profitable over time. Inflation is constantly eating away at your profit margins. Itâs grow or die. Expanding y...
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 dauntingâlike the phone weighs a thousand pounds. It feels awkward and uncomfortable. Why is that?
Itâs because you donât 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 whoâve been where you are. Weâll share some tips and tools to help with that in a moment, but first, let me give you something to think about.
If youâre 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.
Hereâs where many people get stuck: they think they can ...
You mightâve had a call where you had a great conversation with a potential recruitâsomeone you thought would join your companyâand then suddenly they went cold. They didnât join.
What happened?
Well, itâs not about your offer. Itâs not about you, what you said, or didnât say. Itâs about their timing. Timing is unique for every agent. Every agent has a runwayâthat 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.
Itâs not about your timeline; itâs about theirs. And hereâs the key: the fortune is in the follow-up. But you donât want to apply pressure.
Hereâs what the worst recruiter does: âJim, weâve got to get you over here. Letâs make it happen!â
That approach is all about your needs, not theirs.
People often have legitimate reasons they canât make a change right now. They may have things going on in their worldâdeals, listings, personal mattersâthat make it logistically impossible. If you make it about ...
I get this question all the time from brokerage owners and team leaders: âHow do I start recruiting today when I donât have everything built yet?â
They often feel stuck in a catch-22: They think they need to build their vision first in order to start recruiting, but they donât have the money or resources to build it because they donât have agents yet.
Hereâs the answer: People will buy into your vision as long as you can articulate it clearly and tie it to a timeline.
When youâre talking to agents, say something like:
"Iâve got this vision of the kind of company I want to build. Iâm looking for a few people who want to get in on the ground floor and help me build it. We call them âfounder agents.â Theyâll be right there, side by side with me, helping shape this vision. Can I explain to you what Iâm trying to create?"
If you can sit with people and lay out a clear vision of what youâre working towards, theyâll buy into it. It doesnât have to be 100% built yetâthatâs what youâre wor...
If I sat down with you right now as a brokerage owner or team leader and asked you, "What's next for you after real estate?"âwhat would your response be?
Think about it. You might say, "I want to be on a beach somewhere," or "I want a cabin in Colorado," or maybe even "I want to live in Alaska." Whatever your dreams are, it likely takes you into an aspirational, dream-like state.
Now, here's the reality: 70 to 80% of brokers in your market, if given the right circumstances and opportunity, would choose to exit.
Why?
Because 70 to 80% of them are losing money. Many would be far better off selling their firm to you, transitioning their agents to your company, and then working for you. This would allow them to earn a consistent income, start saving for retirement, and ultimately achieve their dreams of escape.
What stops them from pulling the trigger?
One word: ego.
But what if there were a way to move past that ego barrier and help them feel comfortable making the decision? Well, ...
As a real estate broker or team leader, thereâs 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 youâre not recruiting, youâre not bringing in new "customers." And hereâs the shift: when you transitioned from being a superstar agent, closing millions in sales to leading a team or brokerage, your focus changed. Youâre 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.
Hereâs 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 thereâs only one way to do thatârecruiting experienced ag...
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 didnât I do this sooner?"
Itâs frustrating for us as brokerage owners and team leaders, but thereâs something we can do about it.
The strategy is called âpresuasionâânot persuasion, but âpresuasion.â
What does that mean? Itâs 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 whoâve been with you the longestâthe 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 testimonial right away. Capture it in writing or, even better, on video....
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