Viewing Low Inventory Through a New Lens

by | Apr 1, 2022

It’s difficult to go a day without seeing multiple articles in the real estate press about the crisis of low inventory.

It’s affecting every aspect of the real estate industry, including recruiting.

How do you react when a crisis comes your way?

In  a post from the archive, Shawn Achor reminds us that a crisis creates stress for most people, but there is always a group of positive outliers who see the opportunity in what’s happening.

Shawn did a study of bankers right after the huge banking crisis hit. Most of them were incredibly stressed. But a few were happy and resilient.

What did those individuals have in common? They saw the changes in the landscape, not as threats, but as challenges.

So, these people are just wired differently and our duty is to envy them, right? Not so fast.

Shawn did a follow-on experiment that proved this attitude could be learned.

Shawn’s second experiment was based on something surprisingly simple. The stressed-out bankers were shown a training video on how to see problems as challenges rather than stress producers.

The results? Those who watched the video saw a 23% drop in their stress related symptoms.

Was there something magical about the video? I don’t think so. Not sure about you, but I’ve never seen a magical corporate training video. They usually put me to sleep!

So, the magic must be the principle itself.

Shawn came to the same conclusion. He also concluded the principle is not hard to teach. If a video produced a 23% improvement, think of the improvement one-on-one coaching would have produced.

First coach yourself, and then try integrating this principle into your upcoming coaching sessions with a message like this:

Problems are challenges. A resilient person who focuses their attention and effort on the challenge with a positive attitude experiences less stress and performs at a higher level. Let me help you see your problem through a new lens.

The Simple Psychology of Real Estate Recruiting [eBook]

Unlock the secrets of effective real estate recruiting and learn how you can build trust, foster rapport, and understand the psychology behind candidate decisions. Discover techniques for converting acquaintances to hires and retaining agents by addressing their needs and aspirations.