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Why regular check-ins are the unsung heroes of agent retention

Housing Wire

However, the tactical approach of regular check-ins and focusing on retention as a cornerstone of fortifying your real estate agent ranks is often underestimated or overlooked. According to the National Association of Realtors (NAR), the average tenure of an agent with a brokerage is six years.

Agents 436
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As the market shifts to purchase, LOs get creative

Housing Wire

This advertising strategy, among a handful of others, has helped the LO connect with Russian-speaking Realtors and win the business of borrowers from former Soviet countries. “I Borrowers have called me from seeing my advertising in the stores and a couple of Realtors, too.”. trillion in 2021.

Marketing 414
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Opinion: Prepare for a future without guaranteed shared compensation

Housing Wire

It seems a small share of the agent population even knows about this issue, and even fewer can loosely tell you what the potential outcomes are. Compound that with the many sexual harassment and incompetency claims recently leveled against the National Association of Realtors (NAR) , and the confusion is understandable.

Agents 417
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17 Realtors® Go Back in Time: First Year Real Estate Advice

Raleigh Realty

One of the first questions new Realtors have for me is always 'how much money will I make in my first year?' and in order to answer that question, you need to understand how Real Estate Agents make money. If you're looking to make 100k in your first year as a Realtor you'll want to first reverse engineer the process.

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7 best real estate schools in Illinois (IL) for 2024

Housing Wire

If you’re looking for the best real estate schools in Illinois to complete the required 75 hours of class time you’ll need to get a broker’s license, we’re here to help. In Illinois, real estate agents are called brokers. out of 5 stars Rating: 4.5 out of 5. out of 5 stars Rating: 4.5

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How rookie agents are faring during the pandemic

Housing Wire

When the restaurant Tom Hunt worked at as a server temporarily shut down during the spring of 2020 due to the COVID-19 pandemic, he decided it was the right time to pursue his longtime desire of becoming a real estate agent. At the close of 2019, the National Association of Realtors had 1.4 million members.

Agents 392
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Real estate teams beat brokerage firms in profitability

Housing Wire

“Back then, principal brokers who formed a company recruited agents to help them take care of referrals.”. Back in 2017, RealTrends partnered with the California Association of Realtors to study real estate teams. However, teams spent 18% of gross margin on advertising and marketing; while brokerages spent about 2.4%.