My Peers are Doing What?

by | Mar 25, 2022

For the last few years, our friends at JPAR have conducted an industry-wide real estate survey for agents, teams, and brokers.

It’s great they’re collecting data and using it to try to improve their brokerage (and you should do the same), but they also generously share their insights each year with those who participated in the survey.

For example, here are a few things we learned last year:

1. There’s value in having 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.

2. It’s hard to “go it alone” in your real estate business:

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

Agents in a small accountability group earned an average of $110K.

3. Holding client events as an agent is an important marketing tool:

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.

Would you like to contribute to this year’s survey?

If so, grab a cup of coffee and spend 10 minutes sharing your experiences from 2021.

After the survey information is compiled, I’ll again share some of the insights from the mastermind group who will be evaluating the data.

Take the Survey Now

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.

The Attrition Variables

The Attrition Variables

While these attrition constants still have the greatest influence, there are some emerging attrition variables worth noting. People also tend to leave companies when: They feel like they’re not doing as well as others in their peer group outside the company. They feel like they’re not as far along as they should be at a certain point in life.

The Attrition Constants

The Attrition Constants

If you’re not focusing most of your retention effort on these issues, you’ll miss the mark. If you’re not focusing most of your recruiting effort on exploiting these weaknesses among your competitors, you’re missing the best opportunities.

The Persistence Mindset

The Persistence Mindset

A leader equipped with this mindset can have a profound effect on the life and career of each individual they engage. It works because an agent is getting a real-time glimpse of what it would be like to work on your team. But it only becomes believable when it is persistently applied over time.