Agent Behaviors that Make a Financial Difference

by | Jan 26, 2021

Our friends at JPAR recently shared some of the survey data they collected earlier this month. The survey focused on agent activities and financial performance in 2020.

Here are a few of their findings:

What’s the value of coaching or being in a small group?

Agents not in a formal coaching program earned an average of $80K.
Agents in a formal coaching program earned an average of $120K.

Agents not in a small accountability group earned an average of $77K.
Agents in a small accountability group earned an average of $110K.

What’s the value of a personal assistant?

Agents who work without a personal assistant earned an average of $83K.
Agents who work with a personal assistant earned an average of $160K.

What is the value of a written business and marketing plan?

Agents with no written plan earned an average of $80K
Agents with a written plan earned an average of $108K

What’s the value of using a CRM?

Agents who did not consistently use a CRM earned an average of $70K
Agents who did consistently use a CRM earned an average of $101K

What’s the value of client events?

Agents who never do client events earned an average of $82K
Agents who did three or more client events per year earned an average of $120K

The recruiting lesson in this data is clear: both the personal activities and the support offered to an agent make a significant difference in their personal earnings.

If your company equips agents to be more successful in these areas than your competitors, you have a compelling recruiting message.

Now it’s your job to tell the story.

 

 

 

The Simple Psychology of Real Estate Recruiting [2nd Edition]

Unlock the secrets of effective real estate recruiting. Revised to include actionable frameworks for sharper execution and to help you turn psychological theory into a repeatable recruiting system.

Creating Pacts to Avoid Distraction

Creating Pacts to Avoid Distraction

Notice the two parts to Nir’s formula: a pre-commitment and an external force to keep you accountable to that commitment. For recruiting setting goals and time-blocks in your schedule is not enough. Most people need some kind of external accountability, as well.

Look for Individuals Who Want to be Measured

Look for Individuals Who Want to be Measured

It’s not that people with a growth mindset don’t experience failure—they just see failure as an opportunity to learn new things, to be challenged, and to experience curiosity. This is an important topic to cover during interviews and follow-up conversations with your prospects. If you find someone who likes being measured, you’ve likely found someone who will push through the inherent failures of growing a real estate business and experience long-term success.