Attracting and retaining good salespeople is one of the biggest challenges for real estate brokers. In fact, statistics from the National Association of Realtors (NAR) show that almost half of firms are actively engaged in recruiting agents. But what’s the solution to attracting top talent?
According to an article in Realtor® Magazine, one of the most important things a real estate broker can do to attract and retain good talent is to understand and address the pain points of real estate agents. In short, you can attract and retain more good talent when you show agents that you are willing to do what you can to make their jobs easier.
Areas Where Agents Say Real Estate Brokers Could Improve
About 20% of agents, as reported in the Realtor magazine article, indicated that they don’t feel supported by their brokers. They also said they’d like to see their brokerage firms improve in these three areas:
- Training to stay up to date with industry practices
- Transaction management
- Assistance with marketing
One thing you can do to make your agents’ jobs easier, and give them more control over their closing transactions, is to handle their closings in-house. How can you make it happen?
A Proven System to Handle Closings In-House
Lincoln Abstract & Settlement Services has a proven system for starting your own in-house title franchise business. While the system can be used by anyone interested in being an entrepreneur including real estate agents, it’s ideally suited for real estate brokers.
When you run an in-house title franchise business, you will support your agents by streamlining their closings, controlling the type of experience their clients have at closing, and ensuring that closings take place on time. But in addition, you will also create a new revenue stream for your firm as well, revenue that you are currently just giving away to another title business.
Want an Estimate of Your Potential Earnings?
If you want to know how much money you can expect to earn from an in-house title franchise business, you can crunch the numbers with our Pro Forma Tool which provides you an estimated monthly gross income figure. Just give us a call today at 1-877-696-5462.