Recruiting and Retaining Real Estate Agents

Recruiting and Retaining Real Estate Agents

For real estate brokerages, success lies in the recruitment and retention of quality agents. These professionals convert leads into clients, build the firm’s reputation, and identify opportunities for growth. Competition for talent is intense, but there are ways to attract and retain standout performers.

How to Recruit Great Agents

People are driven by more than money. Though commission splits are important, top agents want a good office culture, too. They prefer a collegial environment where they can learn from others’ experiences and swap trade secrets. This sort of atmosphere can be created through thoughtful management and technology that enables teamwork.

Software that facilitates collaboration, or groupware, is especially important to millennials, who value the freedom to work from home, a coffee shop, or whichever place is most convenient for their clients. It is wise to take their priorities seriously. The cohort already accounts for nearly half of all mortgages in the United States.

How to Retain Top Producers

Of course, attracting talent is just the first step. It is equally important to retain good people. Losing an agent means more than kissing their clients goodbye. It also entails recruiting and training replacements, who may not measure up.

Fortunately, there are tried-and-true ways of achieving loyalty. Effective managers offer ongoing training and education opportunities, encourage veterans to mentor newbies, and endeavor, whenever possible, to promote from within the firm. In addition, they know that the right software, and a willingness to spend on upgrades, can be as key to keeping agents as it was to attracting them in the first place.

Propy for Recruitment and Retention

Whether millennials, Xers, or boomers, real estate professionals value groupware, a solid CRM, or any other tech that simplifies business. For this reason, brokerages that hope to recruit and retain top talent should have Propy on their radar.

Propy’s all-in-one Transaction Platform leverages blockchain technology to automate much of the purchase and sale process. By switching high-cost middlemen for blockchain-based smart contracts, the platform increases security and transparency while reducing costs and time to closing. Propy provides a better experience for agents and clients alike. In this way, it is one of the best recruitment and retention tools around.