In the world of real estate, it’s not uncommon for brokerages to be hesitant when it comes to hiring brand new agents. But why is that? We’ll break down the reasons in this blog post and then highlight why, at Out Fast Realty & Investments, we believe new agents bring a lot to the table.

7 Reasons Why Most Real Estate Brokerages Hesitate to Hire New Agents

1. Lack of Experience:

• One of the main reasons brokerages are hesitant to hire new agents is their lack of experience. Seasoned agents have likely dealt with various situations and can handle the unpredictable nature of the industry, while new agents may need more guidance and support to navigate these situations.

2. Training Costs:

• New agents require time and resources for training, which can be expensive and time-consuming for brokerages. Seasoned agents typically require less training, allowing brokerages to save on these costs.

3. Risk of Non-Performance:

• There is always a risk that new agents may not perform as well as expected or may not be able to generate enough business to justify their position within the brokerage. Established agents have a proven track record and are generally considered a safer investment.

4. Reputation Management:

• Real estate brokerages often rely heavily on their reputation to attract clients. Hiring new agents can be perceived as a risk to their reputation if these agents are not able to uphold the brokerage’s standards of service and professionalism.

5. Less Attractive to Potential Clients:

• Some clients prefer to work with experienced agents who they believe can provide better service and guidance. Brokerages may be concerned that hiring new agents will make them less attractive to potential clients, leading to a decrease in business.

6. Mentorship and Support:

• Experienced agents often serve as mentors and provide support to new agents as they learn the ropes of the industry. However, this can take time away from their own work, potentially leading to a decrease in their productivity.

7. High Turnover Rate:

• The real estate industry is known for having a high turnover rate, particularly among new agents. Brokerages may be hesitant to invest time and resources in someone who may not stay with the company long-term.

Despite these challenges, at Out Fast Realty & Investments, we believe in the potential of new agents and are committed to providing the support and resources they need to succeed. Here’s why we love working with brand new agents:

1. Fresh Perspective:

• New agents often bring fresh ideas and perspectives to the table, which can help revitalize our approach to business and customer service. This can ultimately help us stay ahead of the competition.

2. Eager to Learn and Grow:

• New agents are typically eager to learn and grow, making them receptive to training, mentorship, and feedback. This enthusiasm can be infectious and lead to a more positive and productive work environment.

3. Tech-Savvy:

• As digital natives, new agents often have a strong understanding of technology and social media, which can be a valuable asset for marketing and communication efforts in today’s digital age.

4. Adaptable and Flexible:

• With less experience in the industry, new agents are often more adaptable and flexible, allowing them to easily adjust to new situations and challenges.

5. Strong Work Ethic:

• New agents understand that they need to work hard to establish themselves in the industry. This strong work ethic can translate into great results for the brokerage.

6. Long-Term Potential:

• By investing in the growth and development of new agents, we are helping to shape the future of our brokerage. With the right support and guidance, these agents can become valuable assets to our team for years to come.

7. Diverse Backgrounds:

• New agents often come from diverse backgrounds, which can contribute to a more inclusive and well-rounded workplace. This diversity can also provide unique perspectives and approaches to problem-solving, benefiting both our clients and our team.

While it’s true that hiring brand new agents can present some challenges, we at Out Fast Realty & Investments believe that the benefits they bring far outweigh the risks. By investing in their growth and development, we are nurturing a new generation of real estate professionals who will help shape the future of our industry.

Our commitment to providing the necessary support and resources to new agents, coupled with our belief in their potential, has enabled us to build a thriving and dynamic team. We are confident that by continuing to embrace the fresh ideas, enthusiasm, and unique perspectives of new agents, Out Fast Realty & Investments will remain at the forefront of the real estate industry for years to come.