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How franchise brands use technology to recruit top agents

Kate Reinarz

Kate Reinarz About The Author

August 21, 2019

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“In the battle for top real estate talent, a healthy commission split and great training simply aren’t enough”. Inman Tech

Leading real estate brokers share a common set of pain points: agent recruitment, agent retention and agent productivity — and with average agent tenure at under four years (NAR), brokerages don’t have a lot of time to realize returns on their agent recruitment efforts.

A well-designed tech stack plays an increasingly central role in addressing these pain points — especially in attracting top-level talent.

A 2018 article by Inman’s Joe Skousen outlines the intersection between having a winning tech strategy and leveraging high-performing sales agents:

  • tech-savvy agents tend to be top producing agents
  • lead management and distribution platforms keep top-producing agents fed with quality leads
  • marketing automation platforms allow top-producing agents to focus on the human aspects of their jobs; servicing clients and selling homes — while automating client nurture activities

Leading real estate brands are making agent-centric technology a centerpiece of their agent recruitment and servicing strategy. The last 24 months have seen a number of major moves by leading brands, including:

  • In 2108, global franchisor RE/MAX acquired booj, a Colorado-based web design and technology company. In announcing the acquisition, RE/MAX stated that their strategy was “to serve the industry’s most productive agents by providing technology that saves time, connects them to clients and leverages the RE/MAX brand”.
  • In promoting e-Edge, the proprietary solution built by Keller Williams, the brand asserts that it is the first and only complete lead-to-close agent business solution.
  • When Better Homes and Gardens recently announced that it is empowering its broker network with the talent attraction and management platform Sisu, their CEO stated that “every broker … can look forward to a smarter, more streamlined approach to recruiting and talent management”.

In closing, every leading brokerage or top-producing agent knows — their stack is crucial to their success. The ones who invest accordingly will prevail.