Why Agents Leave Teams

by | May 18, 2023

At a recent team leader retreat, Tom Ferry outlined the top 10 reasons agents leave teams.1.    They’re burned out.2.    The environment isn’t fun or isn’t fun anymore.3.    They’ve become self-sufficient (many agents join a team to “figure-out” real estate).4.    They have bigger personal goals than the team can meet.5.    They feel like they’ve outgrown the team (I’ve learned everything I’m going to learn here…).6.    They’re not being recognized in a meaningful way.7.    The value proposition is not adding up (Others like me are earning more money and accomplishing more…).8.    They are not understood by those on the team (lack of empathy).9.    They don’t feel an emotional attachment to the team leader, others on the team, or the mission.10.    They get recruited away with a more compelling offer.If you’re a team leader, this is your retention scorecard. Many of the things on this list are emotional issues that require your direct involvement to fix.If you compete with teams (i.e., recruit, train, and support independent agents), these are the hot-button issues that often cause agents to step out on their own.In both cases, the first step to building a recruiting/retention strategy is understanding the pain an agent is experiencing.

 

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.

How to Get it Right by Being Wrong

How to Get it Right by Being Wrong

There are several well-documented strategies researchers have discovered, but the easiest one to implement quickly is using a structured interview process. Develop a common set of questions for your interviews and record the answers candidates provide (take notes). And then try to hold back judgment until after the interview and when you’ve had time to review your notes.

Doing Only the Things You Like Doing

Doing Only the Things You Like Doing

For most recruiters and hiring managers, recruiting is a complex, end-to-end process containing a bunch of the individual tasks all of which they’re not going to enjoy. Those who push through unpleasant tasks not only find success but also find more satisfaction in the parts of the recruiting process they do enjoy.