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Agent Performance and Skills Study

Agent&Performance& and&Skills&Study&...Current& customers&are& most&saVsfied& with&honesty,& knowledge&and& people&skills& 10& 52%& 66%& 70%& 71%& 71%& 73%& 77%& 77%& 83%& NegoVaVon&skills&

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Page 1: Agent&Performance& and&Skills&Study&...Current& customers&are& most&saVsfied& with&honesty,& knowledge&and& people&skills& 10& 52%& 66%& 70%& 71%& 71%& 73%& 77%& 77%& 83%& NegoVaVon&skills&

Agent&Performance&and&Skills&Study&

Page 2: Agent&Performance& and&Skills&Study&...Current& customers&are& most&saVsfied& with&honesty,& knowledge&and& people&skills& 10& 52%& 66%& 70%& 71%& 71%& 73%& 77%& 77%& 83%& NegoVaVon&skills&

11%&

45%&

38%&

5%&

2%&

Extremely&professional&and&competent&

Very&professional&and&competent&

Somewhat&professional&and&competent&

Not&very&professional&and&competent&

Not&sure/Don't&really&have&an&opinion&

When%you%think%about%real%estate%agents,%how%would%you%rate%their%level%of%professionalism%and%competence%

overall?% 94%&believe&real&estate&agents&are&professional&and&competent;&

&&Just&5%&believe&they&are&not&professional/competent&

2&

Page 3: Agent&Performance& and&Skills&Study&...Current& customers&are& most&saVsfied& with&honesty,& knowledge&and& people&skills& 10& 52%& 66%& 70%& 71%& 71%& 73%& 77%& 77%& 83%& NegoVaVon&skills&

How%would%you%compare%the%level%of%professionalism%%and%competency%of%a%real%estate%agent%rela<ve%to%the%%following%types%of%business%professionals?%

Real&estate&agents&are&perceived&closely&to&other&professionals&

10%&

5%&

5%&

7%&

6%&

12%&

14%&

12%&

26%&

22%&

37%&

52%&

45%&

55%&

57%&

30%&

23%&

28%&

10%&

12%&

11%&

7%&

10%&

2%&

3%&

0%& 20%& 40%& 60%& 80%& 100%& 120%&

APorney&

Financial&Planner&

CPA/Accountant&

Insurance&Agent&

Mortgage/lender&Much&more&professional&and&competent&Somewhat&more&professional&and&competent&About&the&same&

Somewhat&less&professional&and&competent&Much&less&professional&and&competent&

3&

Page 4: Agent&Performance& and&Skills&Study&...Current& customers&are& most&saVsfied& with&honesty,& knowledge&and& people&skills& 10& 52%& 66%& 70%& 71%& 71%& 73%& 77%& 77%& 83%& NegoVaVon&skills&

93%&

7%&

Did%you%use%a%real%estate%professional%%to%buy/sell%your%last%home?%

Yes&

No&

93%&used&an&agent&to&sell&

their&last&home&&

Similar&to&naVonal&staVsVcs&

4&

Page 5: Agent&Performance& and&Skills&Study&...Current& customers&are& most&saVsfied& with&honesty,& knowledge&and& people&skills& 10& 52%& 66%& 70%& 71%& 71%& 73%& 77%& 77%& 83%& NegoVaVon&skills&

88%&of&consumers&are&either&somewhat,&very&or&extremely&saVsfied&with&their&agent;&&&

&Just&4%&are&not&at&all&

saVsfied&

34%&

32%&

22%&

8%&

4%&

0%& 5%& 10%& 15%& 20%& 25%& 30%& 35%& 40%&

Extremely&saVsfied&

Very&saVsfied&

Somewhat&saVsfied&

Somewhat&dissaVsfied&

Extremely&dissaVsfied&

How%sa<sfied%were%you%with%them%in%that%transac<on?%

5&

Page 6: Agent&Performance& and&Skills&Study&...Current& customers&are& most&saVsfied& with&honesty,& knowledge&and& people&skills& 10& 52%& 66%& 70%& 71%& 71%& 73%& 77%& 77%& 83%& NegoVaVon&skills&

59%&

41%&

Are%you%currently%working%with%a%real%estate%agent?%

Yes&

No&

Nearly&60%&are&currently&working&with&

an&agent&

6&

Page 7: Agent&Performance& and&Skills&Study&...Current& customers&are& most&saVsfied& with&honesty,& knowledge&and& people&skills& 10& 52%& 66%& 70%& 71%& 71%& 73%& 77%& 77%& 83%& NegoVaVon&skills&

6%&24%&25%&

29%&40%&

51%&51%&52%&55%&

59%&68%&71%&73%&

Other&(Please&specify)&

PosiVve&online&reviews&by&previous&clients&

They&work&for&a&well]established&and&trusted&real&estate&company&

Has&completed&many&transacVons&in&the&area&I’m&interested&in&

Has&a&lot&of&experience&

Seems&trustworthy&

Has&experience&selling&homes&in&my&area/price&range&

Referred&by&someone&I&trust&

I&get&along&with&them&well&

Really&seems&to&understand&my&unique&needs&

They&seem&respecaul&and&paVent&and&will&help&me&all&the&way&through&the&real&estate&process&

Has&demonstrated&that&they&will&respond&to&me&quickly&by&using&all&means&available&–&text,&phone,&email,&online&systems,&Facebook&etc.&

Really&seem&to&understand&the&market&and&the&neighborhood(s)&I’m&interested&in&

When%choosing%a%real%estate%professional%to%work%with,%what%are%the%MOST%important%factors?(choose%all%that%apply)%

Market&knowledge&and&responsiveness&are&the&two&key&

traits&7&

Page 8: Agent&Performance& and&Skills&Study&...Current& customers&are& most&saVsfied& with&honesty,& knowledge&and& people&skills& 10& 52%& 66%& 70%& 71%& 71%& 73%& 77%& 77%& 83%& NegoVaVon&skills&

32%&

46%&

19%&

3%&

Extremely&helpful&–&It’s&very&complicated&

and&I&need&help&

Very&helpful& Somewhat&helpful& Not&at&all&helpful&–&I&believe&I&can&do&it&

myself&

How%helpful%has%your%real%estate%agent%been%so%far?(for%those%that%are%already%working%with%an%agent)%

78%&believe&their&real&estate&agent&has&been&very/

extremely&helpful&so&far&

8&

Page 9: Agent&Performance& and&Skills&Study&...Current& customers&are& most&saVsfied& with&honesty,& knowledge&and& people&skills& 10& 52%& 66%& 70%& 71%& 71%& 73%& 77%& 77%& 83%& NegoVaVon&skills&

9&

25%&

36%&

37%&

53%&

62%&

62%&

63%&

67%&

68%&

77%&

79%&

Helping&me&search&for&homes&online&

Helping&me&understand&the&requirements&for&gedng&a&mortgage&

Access&to&an&online&site&that&allows&me&to&track&the&status&of&my&transacVon&24/7&

Helping&me&find&a&home&that&matches&my&search&criteria&

Helping&me&buy&a&home&that&will&be&a&good&investment&for&my&family&

Keeping&me&up&to&speed&in&real]Vme&on&all&of&the&facets&of&the&transacVon&

Helping&me&understand&all&of&the&forms&that&I&have&to&sign&to&buy&a&home&

Helping&me&deal&with&challenges&that&come&up&during&the&process&of&buying&a&home&

CoordinaVng&all&of&the&steps&that&are&needed&to&buy&my&home&e.g.&home&inspecVon,&securing&Vtle,&etc.&

Knowing&all&of&the&local&market&rules&so&that&I&don’t&get&into&any&trouble&buying&a&home&

Helping&me&negoVate&a&fair&price&for&the&home&I'm&interested&in&

How%important%are%the%following%tasks%of%your%agent%as%you%go%through%the%process%if%purchasing%a%home%

5&]&Very&important& 4& 3& 2& 1&]&Not&important&

Page 10: Agent&Performance& and&Skills&Study&...Current& customers&are& most&saVsfied& with&honesty,& knowledge&and& people&skills& 10& 52%& 66%& 70%& 71%& 71%& 73%& 77%& 77%& 83%& NegoVaVon&skills&

Current&customers&are&most&saVsfied&with&honesty,&knowledge&and&people&skills&

10&

52%&

66%&

70%&

71%&

71%&

73%&

77%&

77%&

83%&

NegoVaVon&skills&

Skills&with&technology&

Responsiveness&

Knowledge&of&local&area&

CommunicaVon&skills&

Knowledge&of&real&estate&market&

People&skills&

Knowledge&of&purchase&process&

Honesty&and&integrity&

How%sa<sfied%are%you%with%the%following%skills%and%quali<es%of%your%real%estate%agent?(for%those%in%the%process%of%buying/selling)%

Very&saVsfied& Somewhat&saVsfied& Not&saVsfied& N/A&

Page 11: Agent&Performance& and&Skills&Study&...Current& customers&are& most&saVsfied& with&honesty,& knowledge&and& people&skills& 10& 52%& 66%& 70%& 71%& 71%& 73%& 77%& 77%& 83%& NegoVaVon&skills&

24%&

22%&

28%&

22%&

16%&

17%&

17%&

15%&

46%&

51%&

41%&

52%&

Securing&the&best&mortgage&for&me&

Title&Insurance&

Home&InspecVon&

Home&Appraisal&

How%sa<sfied%are%you%with%the%work%%your%agent%has%provided%to%prepare%you%for%the%following?%(for%those%%

currently%in%the%process)%

Extremely&saVsfied& Very&saVsfied& Somewhat&saVsfied&

Somewhat&dissaVsfied& Not&at&all&saVsfied& Have&not&discussed&yet&

Many&agents&are&not&talking&about&all&elements&of&the&

transacVon&upfront&to&allow&consumers&to&know&what’s&&

coming&next&

11&

Page 12: Agent&Performance& and&Skills&Study&...Current& customers&are& most&saVsfied& with&honesty,& knowledge&and& people&skills& 10& 52%& 66%& 70%& 71%& 71%& 73%& 77%& 77%& 83%& NegoVaVon&skills&

54%&

19%&14%&

8%&5%&

0%&

10%&

20%&

30%&

40%&

50%&

60%&

Extremely&likely& Very&likely& Somewhat&likely& Not&at&all&likely& Not&sure&

If%you%were%going%to%do%it%all%over%again,%how%likely%would%you%be%to%use%the%same%agent%to%assist%you?%%

79%&are&at&least&somewhat&&likely&to&use&the&same&agent&

again&

12&

Page 13: Agent&Performance& and&Skills&Study&...Current& customers&are& most&saVsfied& with&honesty,& knowledge&and& people&skills& 10& 52%& 66%& 70%& 71%& 71%& 73%& 77%& 77%& 83%& NegoVaVon&skills&

51%&

23%&

15%&

5%& 6%&

0%&

10%&

20%&

30%&

40%&

50%&

60%&

Extremely&likely& Very&likely& Somewhat&likely& Somewhat&unlikely&

Not&at&all&likely&

How%likely%will%you%be%to%recommend%the%services%of%your%real%estate%agent%to%a%friend,%neighbor%or%rela<ve?%

89%&are&at&least&somewhat&likely&to&recommend&their&

agent&

13&

Page 14: Agent&Performance& and&Skills&Study&...Current& customers&are& most&saVsfied& with&honesty,& knowledge&and& people&skills& 10& 52%& 66%& 70%& 71%& 71%& 73%& 77%& 77%& 83%& NegoVaVon&skills&

MarkeVng,&pricing,&finding&

buyers&most&important&

49%&50%&60%&64%&74%&75%&75%&75%&76%&85%&92%&

Helping&me&understand&the&disclosures&that&will&be&needed&to&sell&

Helping&me&understand&all&of&the&forms&that&I&have&to&sign&to&sell&a&

CoordinaVng&all&of&the&steps&that&are&needed&to&sell&my&home&e.g.&

Helping&me&deal&with&challenges&that&come&up&during&the&process&

Keeping&me&up&to&speed&in&real]Vme&on&all&of&the&facets&of&the&

Finding&qualified&buyers&

Knowing&all&of&the&local&market&rules&so&that&I&don’t&get&into&any&

Helping&me&negoVate&a&fair&price&for&my&home&

Helping&me&price&my&home&appropriately&

MarkeVng/promoVng&my&home&effecVvely&locally&

MarkeVng/PromoVon&my&home&effecVvely&online&

How%important%are%each%of%the%following%tasks%of%your%agent%as%you%go%through%the%process%of%selling%a%home?%%(1%is%not%

important,%5%is%very%important)%

5&]&Very&important&

4&

3&

2&

1&]&Not&important&

14&

Page 15: Agent&Performance& and&Skills&Study&...Current& customers&are& most&saVsfied& with&honesty,& knowledge&and& people&skills& 10& 52%& 66%& 70%& 71%& 71%& 73%& 77%& 77%& 83%& NegoVaVon&skills&

Sellers&are&least&saVsfied&

with&the&number&of&qualified&buyers&&

50%&

56%&

64%&

64%&

66%&

68%&

71%&

71%&

73%&

74%&

78%&

80%&

Bringing&lots&of&qualified&clients&to&look&at&my&home&

Delivering&qualified&buyers&submidng&offers&for&my&home&

MarkeVng/promoVng&my&home&locally&

Minimizing&the&stress&levels&for&me&when&selling&my&home&

Providing&me&feedback&on&those&that&have&toured&the&home&

CreaVng&an&easy&closing&process&by&handling&all&challenges&as&they&came&up&

MarkeVng/promoVng&my&home&online&

Sedng&up&showing&appointments&that&are&convenient&for&me&

Responding&quickly&to&my&quesVons&and&concerns&about&the&process&

Helping&me&to&conVnue&to&prepare&the&home&to&sell&more&quickly&

Helping&me&understand&all&of&the&steps&that&it&takes&to&sell&a&home&

DemonstraVng&ethical&and&high&integrity&business&pracVces&

How%sa<sfied%are%you%with%the%performance%of%your%agent%to%date%in%the%following%areas?%

Top&2&

15&

Page 16: Agent&Performance& and&Skills&Study&...Current& customers&are& most&saVsfied& with&honesty,& knowledge&and& people&skills& 10& 52%& 66%& 70%& 71%& 71%& 73%& 77%& 77%& 83%& NegoVaVon&skills&
Page 17: Agent&Performance& and&Skills&Study&...Current& customers&are& most&saVsfied& with&honesty,& knowledge&and& people&skills& 10& 52%& 66%& 70%& 71%& 71%& 73%& 77%& 77%& 83%& NegoVaVon&skills&

20%&

10%&

27%&

24%&

19%&

In&the&process&of&buying&a&home&

In&the&process&of&selling&a&home&

Just&looking&for&fun/watching&the&market&

Just&beginning&my&search&

Just&bought/sold&a&home&

What%is%your%current%interest%in%real%estate?%

&&

More&than&40%&are&searching/buying&a&

home&&&&

17&

Page 18: Agent&Performance& and&Skills&Study&...Current& customers&are& most&saVsfied& with&honesty,& knowledge&and& people&skills& 10& 52%& 66%& 70%& 71%& 71%& 73%& 77%& 77%& 83%& NegoVaVon&skills&

16%& 16%&20%&

13%&

34%&

0%&

5%&

10%&

15%&

20%&

25%&

30%&

35%&

40%&

0&–&This&is&my&first&

1& 2& 3& More&than&3&

How%many%homes%have%you%bought%or%%sold%in%your%life<me?%

%

1&in&5&are&first&Vme&buyers&&

Nearly&2/3&have&purchased&mulVple&homes&

18&

Page 19: Agent&Performance& and&Skills&Study&...Current& customers&are& most&saVsfied& with&honesty,& knowledge&and& people&skills& 10& 52%& 66%& 70%& 71%& 71%& 73%& 77%& 77%& 83%& NegoVaVon&skills&

yes&90%&

no&10%&

Do%you%live%in%the%Houston%area?%

19&

Page 20: Agent&Performance& and&Skills&Study&...Current& customers&are& most&saVsfied& with&honesty,& knowledge&and& people&skills& 10& 52%& 66%& 70%& 71%& 71%& 73%& 77%& 77%& 83%& NegoVaVon&skills&

male&33%&

female&67%&

What%is%your%gender?%

20&

Page 21: Agent&Performance& and&Skills&Study&...Current& customers&are& most&saVsfied& with&honesty,& knowledge&and& people&skills& 10& 52%& 66%& 70%& 71%& 71%& 73%& 77%& 77%& 83%& NegoVaVon&skills&

2.0%

28% 29%

21%

13%

4% 2%

18 to 24 25 to 34 35 to 44 45 to 54 55 to 64 65+ no answer

What%is%your%age?%

5%

26%

35%

33%

Highschool

Some college

Undergraduate

Post-graduate

What%is%your%educa<on%level?%

21&

Page 22: Agent&Performance& and&Skills&Study&...Current& customers&are& most&saVsfied& with&honesty,& knowledge&and& people&skills& 10& 52%& 66%& 70%& 71%& 71%& 73%& 77%& 77%& 83%& NegoVaVon&skills&

1%

15%

1%

12%

16%

15%

20%

9%

10%

No Answer

Prefer not to say

Less than $20,000

$20,000 to $49,999

$50,000 to $74,999

$75,000 TO $99,999

$100,000 to $149,999

$150,000 to $199,999

$200,000 and above

What%is%your%income?%

22&

Page 23: Agent&Performance& and&Skills&Study&...Current& customers&are& most&saVsfied& with&honesty,& knowledge&and& people&skills& 10& 52%& 66%& 70%& 71%& 71%& 73%& 77%& 77%& 83%& NegoVaVon&skills&

11%&

13%&

20%&

26%&

54%&

60%&

Relocating

Investor

Looking to sell

Just like to lok at real estate for fun

Homeowner

Looking to buy

What%best%describes%your%real%estate%interest?%

23&

Page 24: Agent&Performance& and&Skills&Study&...Current& customers&are& most&saVsfied& with&honesty,& knowledge&and& people&skills& 10& 52%& 66%& 70%& 71%& 71%& 73%& 77%& 77%& 83%& NegoVaVon&skills&

24&

For&more&informaVon&contact&Marilyn&Wilson,&WAV&Group,&Inc&

&[email protected]&

@marilynwilson&hPps://www.facebook.com/marilynwilsonlund&

&(805)473]9119&(805)748]9118&