Have you considered hiring a showing agent to give you more leverage with your real estate business? I get it—once your real estate career starts picking up, it can feel like you never have enough time. One of the easiest ways you can buy back your time is by working with a showing agent. This allows you to spend all the time you would have spent on showings on money-making activities instead. It’s a great way to gain leverage, and I recommend it to many agents when they’re first feeling overwhelmed. However, working with a showing agent raises an obvious question: How should you pay them? Here are three tips to make sure you’re getting the most out of your showing agents:
- How to find your showing agent. To find the best showing agent possible, I recommend running ads to newer agents looking to get a little extra cash. All agents need to pay the bills, and newer agents might not make enough from commissions yet to cover all their expenses. By offering them to be your showing agent, they can get the opportunity to make extra cash while you free up time to spend on more important activities.
- Pay them extra for the first home. When you find a good candidate, offer them extra money for their first home. This first job will double as their “audition” — if they do a good job, they’ll earn the right to work with you on more homes in the future. The higher first-home rate will also help you attract the highest-quality candidates possible for the position.
- Pay in cash upfront per home. This is the best and simplest way to pay your showing agents. By paying them upfront, you make sure that you’re only paying for work done. Plus, you can avoid contingencies or other contracts that put you at risk of overpaying.
At the end of the day, hiring a showing agent is all about giving yourself more leverage to grow your business. If you’re looking to take an even bigger leap, please call or email our team. We have the training and resources you need to focus your time on money-making activities. Make it a great day!
