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Real Estate News and Advice |
November 23, 2009 |
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Leader's Choice: Custom Training For Agents
by Blanche Evans
Started by Mark Leader over five years ago, the Leader's Choice is a productivity program for agents that covers nine weeks of intensive training. But the first one to start boot camp is the broker. "It's a 21st century partnership," says Marylyn Schwartz. "We teach hands-on selling. It's not theoretical. We teach what agents need to run 'Me, Inc.'" What makes the coursework unique, says Schwartz is that the program is unusually intensive, and that takes some fancy selling to many brokers. The program is designed to fill-in, replace or augment training that the broker may have. The course is designed for large classes of agents. There are a few steps that the Leader's Choice staff need to get rolling -- they need the broker's management staff to get excited. First, Schwartz (or another Leader's Choice trainer) meets with the broker/owner decision maker. "A face-to-face meeting ... ," she explains. "We tell them about the program, then we ask them to bring their managers in and we present to the managers. If the managers get excited, then step three is a bridge to success -- we invite the agents in." Schwartz then does a three and a half-hour educational seminar. "And then the last half hour, I close them on the program," says Schwartz. If you liked this seminar, imagine if you spend 5 1/2 hours a week with me. The management team and I decide how many weeks and agents I will need train, and if there isn't a big enough consensus, then they had a great national speaker come in." She says with confidence, "I have never gone to a bridge without getting the program going. If agents are in the room, I'll close 35 percent of them." The brokers pay for Schwartz's room, flight, overnight expenses and the bridge to success seminar. The agents pay for the training to follow. Agents get course materials, 12 CDs over the course of 9 weeks, and Schwartz returning once a week for 5 1/2 hour sessions. She utilizes the broker's selling materials, encouraging agents to use and integrate the in-house mortgage broker and other ancillary services into the agent's marketing, presentations, and general awareness. "Any agent who supports the mortgage company is supporting their company," says Schwartz. "That's why we tell the broker -- what can we do to help you achieve your goals? To get your agents to promote your services? One-stop-shopping is very important, when you consider that the NAR's buyers and sellers' profile says that consumers want to streamline the transaction process and have more control over the transaction. A nice neat package of services shows how much we care. The only thing that matters is to build a relationship, so that we aren't continuously churning new business. The best use of time is to build renewals." The training covers all facets of prospecting, closing, and business, says Schwartz. "It is listing, sales, managing your business, time management, working as a team, and more," she says. "It's spaced training. We teach some things, and then you go out and apply it. There is also classroom drill practice and mandatory assignments. Each module over the nine weeks intersects with the next. It holds you accountable, because we teach you to separate activity from productivity, and gets agents to work more productivity in less time. It starts new agents out on the right foot." Topics include:
Schwartz maintains that the average production of the agents is about $1.2 million, with 1.5 per week in transactions. "In nine weeks, you could be doing 13 transactions," says Schwartz. "The bottom line is this becomes a profit center for the broker," says Schwartz. "Agents are more loyal because they are more productive. Brokers are surprised at how many experienced agents sign up for the program, as well as the new agents." The Leader's Choice is featured online at NAR's Realtor University. Published: September 23, 2003 Use of this article without permission is a violation of federal copyright laws. Related Articles:
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