Posts Tagged ‘brokers’

Building a Real Estate Team – What to Do When Hiring Your Members

October 15th, 2009

The real estate industry opens up a lot of opportunities not only for an agent but for a team of individuals as well. It will be easier to have other consultants with you than to enter the brokerage field on your own. If it is your idea to put up a firm for this sole purpose, then you are also faced with the challenge of picking up your team members.

On day one of the hiring phase, you will be faced with piling CV’s on top of your tables. Each candidate will create a profile that will impress you as the “boss” of the company. But remember that words are not enough to be able to build a team. Not even credentials will speak for the real worth of that person.

What will you do then to hire your real estate agent?

Dump the prima donnas who promise to have all the credentials and go for those who are willing to take the challenge and learn from the company. This will be a good start for forming your real estate team. Furthermore, you may consider the following:

Get some help from your HR manager. Since you do not have the luxury of time to observe each aspiring candidate’s behavior, you may always request some help from your HR manager. This is a good way to look deeply into the actions of your future team members.

Look at how the interview goes. You will always want the idea of interviewing the applicant. This will at least give you a more personal observation on the attitude of the client. Much more than hiring the achievers, you may want to consider the go-getters or those who are hungry for knowledge of the real estate field.

Present your company policies. Future brokers should expect that this job is more of a commission basis. If you have other policies governing remunerations or salaries, feel free to discuss it with your applicants. Furthermore, it will help if you elaborate more on corresponding punishments for any rule violations. See how the prospect reacts to that.

Give some “what if” scenarios and gauge how the person will handle the situation. There are different facets of the real estate business. In every phase, there are challenges that one may encounter along the way. You may use your personal experiences and see how the applicant will attack that instance in his own perspective.

Ask them about their missions for the company. The applicant’s goals and objectives are often found in the CV. If you want to make sure they will meet those goals, ask them how they will inject that in the company. Give them a picture of your company’s current situation in the market and see if their answers will solve any of these problems.

Once you have seen how your future brokers act and answer to all these scenarios, you are just about ready to hire them in your team. Make sure that their real purposes focus on customer satisfaction. Be critical at the same time considerate when hiring applicants.

Beverly Manago is a freelance writer focused on the real estate industry. She is also a consultant for My Real Estate Virtual Tour, a web 2.0 marketing tool that lets real estate agents create stunning virtual tours and single property sites easily, with a free version available for listing presentations. She also contributes to the Virtual Tour Blog there.

Building a Real Estate Team – What to Do When Hiring Your Members

October 1st, 2009

The real estate industry opens up a lot of opportunities not only for an agent but for a team of individuals as well. It will be easier to have other consultants with you than to enter the brokerage field on your own. If it is your idea to put up a firm for this sole purpose, then you are also faced with the challenge of picking up your team members.

On day one of the hiring phase, you will be faced with piling CV’s on top of your tables. Each candidate will create a profile that will impress you as the “boss” of the company. But remember that words are not enough to be able to build a team. Not even credentials will speak for the real worth of that person.

What will you do then to hire your real estate agent?

Dump the prima donnas who promise to have all the credentials and go for those who are willing to take the challenge and learn from the company. This will be a good start for forming your real estate team. Furthermore, you may consider the following:

Get some help from your HR manager. Since you do not have the luxury of time to observe each aspiring candidate’s behavior, you may always request some help from your HR manager. This is a good way to look deeply into the actions of your future team members.

Look at how the interview goes. You will always want the idea of interviewing the applicant. This will at least give you a more personal observation on the attitude of the client. Much more than hiring the achievers, you may want to consider the go-getters or those who are hungry for knowledge of the real estate field.

Present your company policies. Future brokers should expect that this job is more of a commission basis. If you have other policies governing remunerations or salaries, feel free to discuss it with your applicants. Furthermore, it will help if you elaborate more on corresponding punishments for any rule violations. See how the prospect reacts to that.

Give some “what if” scenarios and gauge how the person will handle the situation. There are different facets of the real estate business. In every phase, there are challenges that one may encounter along the way. You may use your personal experiences and see how the applicant will attack that instance in his own perspective.

Ask them about their missions for the company. The applicant’s goals and objectives are often found in the CV. If you want to make sure they will meet those goals, ask them how they will inject that in the company. Give them a picture of your company’s current situation in the market and see if their answers will solve any of these problems.

Once you have seen how your future brokers act and answer to all these scenarios, you are just about ready to hire them in your team. Make sure that their real purposes focus on customer satisfaction. Be critical at the same time considerate when hiring applicants.

Beverly Manago is a freelance writer focused on the real estate industry. She is also a consultant for My Real Estate Virtual Tour, a web 2.0 marketing tool that lets real estate agents create stunning virtual tours and single property sites easily, with a free version available for listing presentations. She also contributes to the Virtual Tour Blog there.

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