4.8 • 2.1K Ratings
🗓️ 24 November 2024
⏱️ 10 minutes
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| 0:00.0 | You already partnered up with Zillow and these guys. So, you know, are you just buying leads from them? |
| 0:05.0 | Is that how it's going down? Or how's, like, what is it? What happens? |
| 0:08.4 | Yeah, we're not because we're on Flex. So Flex is different than Premier Agent where we just give Zillow takes 35% off the top. |
| 0:14.9 | Got it. So, so imagine the broker takes their fee. Zillow takes 35%, and then we split 50-50 with the agent. |
| 0:22.8 | Yeah, you're splitting like a 50%. It's nothing, you know. And then we have a full |
| 0:27.8 | transaction coordination department. So we have five full-time people that just do T-C work on just |
| 0:31.9 | the retail side, not including wholesale. And then we have, you know, offices and CRMs. And I mean, |
| 0:37.1 | the profit margin. Now, we run it |
| 0:39.1 | very healthy, right? Like, we run probably right this second, probably a 40 or 45 percent margin. |
| 0:43.8 | But, like, that's unheard of in our, in our industry, like, completely unheard of. Like, it just |
| 0:48.7 | doesn't happen, you know. And the only reason we're able to do that is because we scaled out of non-profitability. |
| 0:55.1 | Right? |
| 0:55.8 | Like, you have to go through that, you know, because a lot of people listening probably, |
| 0:59.6 | if I had to guess, if they're on the retail side, they have a team of like 30 to 50. |
| 1:03.6 | And that is like where you die. |
| 1:05.0 | Like, you die at 30 agents. |
| 1:06.3 | Like, if you have 30 agents, like either go back to 10 and run a really profitable 10 agent team and just be |
| 1:11.5 | hyper-focused, or you've got to get past 100. Because like past 100 is where the magic can |
| 1:16.3 | actually happen, in my opinion. Because you need to build that foundation. Yeah, you need the scale. |
| 1:20.8 | You need the volume, you know, because- Or Zilla don't want to work with you or whatever. |
| 1:24.2 | Or yeah, Zillow will drop you. A lot of the other people will drop you. You know, Zillow, I mean, dude, they're a tough partner to pleats. I mean, at the end of the day, |
| 1:30.3 | they are, dude. You know, like, we're here for Zillow, right? And, and they're tough, man. Like, |
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