Connect with us

Hi, what are you looking for?

The American GeniusThe American Genius

Opinion Editorials

Would You Hire YOU? (Part One)

Joining the Company

During my second week as a managing broker, I’ve been learning a great deal about recruiting and hiring agents to be a part of our brokerage.  While our company has several full-time experienced recruiters, part of my responsibilities is to meet with potential new agents and ultimately to make the decision about whether or not they will join our company.

Not the Usual Type of Hire

Hiring real estate agents to work at a brokerage is very different from hiring employees to work for a company.  Surely, there are some similar considerations — will that person perform well?  Will they fit in well with the personality of the office?  Will they bring skills and knowledge to the table that will help them and the company succeed?  However, since, throughout the real estate industry (with a very few exceptions), real estate agents are independent contractors and not employees, there are some very real differences.  For the most part, the brokerage is not controlling the activities of its agents, but is rather there to stand behind their agents and help to support and guide them to their own success.

The success of each agent contributes to the overall success of the brokerage.  Thus, I have two ears ready and listening to the ideas that each potential new agent has for their business.  I’d rather hire someone with some innovative, challenging, and unique ideas for growing their business — one willing to take some risks — than someone who wants to maintain the status quo.  An agent with new, potentially profitable ideas, can motivate, inspire, and bring new energy to an office.  My role is to show them what we have to offer to help them achieve their goals, NOT to tell them how to do OUR business, but rather support them in THEIRS.

At the same time, as a brokerage, we, and as a manager, I want to hire agents who will have long-term success, will thrive, and who ultimately help our office remain profitable.

Advertisement. Scroll to continue reading.

Who’s Interviewing Whom?

In a traditional interview, whether it’s for your first job at the local convenience store, an on-campus employer interview, or a coveted dinner interview with a top tier Wall Street firm, companies ask you questions to decide whether they wish to hire you.  They do most of the asking and the applicant does most of the answering.  Sometimes a job applicant may fit in a question or two about the company, but it’s often as an afterthought.

If you were a fly on the wall during a real estate brokerage interview, you might wonder who’s interviewing whom.  Since agents are independent, “free agents”, if you will, much of the time, they are really interviewing real estate companies to decide where they want to hang their license.  At least, that’s what I thought until this past week.

You see, until this week, I’ve only been on the agent side of the interview.

A Magic Formula?

We’ve had 2 recruiting interviews so far this week.  I’ve got another one later today.  Each one is different.  Each candidate is very different.  One has little experience, but lots of enthusiasm.  Another has closed a few sales and all of a sudden finds herself with a ton of listings.  Later today, our candidate has years of experience and is excited to tell me about a new innovative business plan he’s created.

While there is no magic formula for determining whether an agent is the exact right fit for our office, there are some key things to look at in making that judgment.  How much business has the agent done?  How long have they been in the business?  Sales statistics — days on market, areas they sell, etc.  Any ethical or legal complaints?   Then there’s the intangibles, like enthusiasm, professionalism, etc.

Advertisement. Scroll to continue reading.

In “selling” our office to a potential new agent, it’s likely we’ll do more listening than talking.  Find out what they want and then explain why we’re the best place to provide it.  At the same time, we’re subtly asking our own questions to make sure that the agent is “hireable.”  That they’ll make it in our brokerage.  That it will be a mutually beneficial arrangement and that they’ll be here for the long haul.

Take a good hard look at yourself in the mirror.  Are you the type of agent you’d want to hire if you were the broker?

Why?

Advertisement. Scroll to continue reading.
Written By

Brian Block practiced law until he heard every single attorney joke and decided becoming a real estate broker was a more fun way to earn a living. Proud of the plaques and diplomas adorning his office wall, he's even more proud of his marriage to a beautiful and talented ballroom dance teacher and fellow entrepreneur. Every day, you can find Brian, doing what he does best – advising Northern Virginia home buyers and sellers. If you want, you can follow him on Twitter @blockrealestate.

9 Comments

9 Comments

  1. Jim Flanagan

    April 3, 2009 at 8:43 am

    Brian,

    Welcome to the wonderful world of real estate management! I couldn’t agree more with your post, especially the part about who is interviewing who.

    One of the benefits of this challenging real estate market is we, as managers, can now focus on “quality” recruiting as opposed to “quantity”!

    Continued success to you and your career,

    Jim

  2. Matt Thomson

    April 3, 2009 at 10:24 am

    Great concluding question, Brian. I’d say “Yes, I am.” I am a learning-based person, and I enjoy searching for new ways to create business. I’m also able to control my learning and take and fully implement ideas before rushing off to try the next one when the first didn’t work after 2 tries.
    I understand the importance of an office’s culture, and I contribute positively to it. Education and office environment are two keys to my success, and they’re the reasons I could never jump on board with some of these new virtual offices. Too much synergy needed and created by me to lose that.

  3. Missy Caulk

    April 5, 2009 at 9:12 am

    I’ve only moved twice, but when I joined my first company right out of RE School, I definitely was interviewing them.

    I think it is both ways, both are looking for a “right fit”.

Leave a Reply

Your email address will not be published.

The
American Genius
news neatly in your inbox

Subscribe to our mailing list for news sent straight to your email inbox.

Advertisement

KEEP READING!

Business News

(Business News) RE/MAX has long defended their red-over-white-over-blue trademark, but a judge has agreed to hear an argument that could cancel the trademark altogether.

Business News

In an improving market, not only are brokerages struggling to find time to recruit, the top challenge according to one study is attracting younger...

Business News

From state to state, laws vary, but every real estate transaction has paperwork associated with it, whether printed or not, so the following four...

Housing News

Already expanded into Vietnam, Keller Williams today announces an expansion into Indonesia and South Africa. Sources tell AG that there are many more countries...

The American Genius is a strong news voice in the entrepreneur and tech world, offering meaningful, concise insight into emerging technologies, the digital economy, best practices, and a shifting business culture. We refuse to publish fluff, and our readers rely on us for inspiring action. Copyright © 2005-2022, The American Genius, LLC.