BrokerPulse

RealTrends Q4 2021 BrokerPulse: Office consolidation, boosting agent productivity and core services capture rates continue…

2021 Website Rankings Now Live!

RealTrends website rankings highlights the top real estate websites across the country in 6 total categories for our annual brokerage website rankings.

Real estate teams vs brokerages

Steve Murray and Tracey Velt discuss the profitability of real estate teams vs brokerages, based on the results of the 2021 RealTrends Team Profitability Study.

Study: It’s true, real estate teams outperform brokerage firms

Surveyed real estate team gross margins were an average of 61.8% compared to an average of 13.8% for real estate brokerage firms.

BrokeragePodcasts

Evolution of real estate brokerage core services

Core services are vital to a real estate brokerage's profitability. Listen to two leaders on capture rate, challenges and more.

Today’s RealTrending features an interview with Chris Kelly, president and CEO of Ebby Halliday Companies, part of Berkshire Hathaway HomeServices of America in Texas and Christian Wallace, head of real estate for Better, based in New York. These leaders were featured on a panel at HousingWire Annual in Frisco, Texas, discussing the importance of core services in real estate brokerage today.

Here is a small preview of today’s interview Chris Kelly and Christian Wallace. The transcript below has been lightly edited for length and clarity:

Tracey Velt: What core service brings you the best returns and by what factor?

Chris Kelly: So mortgage, if you’re just ranking out your different business segments in a company, what is your largest return? It will always be for Mortgage for us here… It can vary from state to state depending on your brokerage model and your splits and everything else. In our market here, what we would see is that for every 10 houses you sell on the brokerage side, it’s the equivalent of about one mortgage. And that can sometimes go higher, as well. So, it’s a big return and you can see why so many brokerages get wide eyed when they think they should start a mortgage company because they see those types of numbers.

Christian Wallace: I mean, it is mortgages, but if you think of putting your customer first, it makes the whole thing a little bit different because by also having a real estate agency and title company, we’re able to stack on our products, and we’re able to offer some different products that other people can’t. And so if you think about it, the person who benefits the most from your core services, not necessarily the financial piece of it, is the customer.

RealTrending features the brightest minds in real estate. Twice a month, brokerage leaders, top agents, team leaders, and industry experts share their success secrets, trends, and lessons learned navigating this ever-changing industry. Hosted by Tracey Velt and produced by Elissa Branch. 

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