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.

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.