3 Questions You Should Ask Every Experienced Agent

by | Jun 2, 2021

When you’re in a dialog with an experienced recruiting prospect, it’s appropriate to ask:

Did you make more money last year than you did the year before?

Are you on track to make more money this year than you did last year?

Is your life more sane now than it has been in the last couple of years?

If you get a ‘yes’ to all three questions, your chances of recruiting such an individual are low.

But according to NAR’s recent member survey, your chances of getting a ‘yes’ to all three questions is pretty low.

In 2020 (compared to 2019), agents had:

Less Production– $2.1M (down from $2.3M)
Less Transactions—10 (down from 12)
Less Income–$43K (down from $49K)

This decrease happened in spite of a record number of homes (5.64M) being sold in 2020.

Since sales were going up and income was going down, the competition for this business was intense and that makes for highly stressed agents.

If your value proposition helps agents increase their income and lower their stress, your message should resonate with a large population of agents.

And these questions will help you get the conversation on this topic started.

 

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.