Episode 071 with Matt Mick, Team Lead at Lincoln Select Real Estate Group - Nebraska Realty
Episode description
Matt Mick started his own real estate team with 5 to 6 agents. However, year after year, they noticed that their sales slowed down, with only minor growth. In order to go to the next phase of their business, they knew they needed a better way to manage things in their team. That’s when they decided to jump on with Sisu. Today, Matt is the Team Lead at Lincoln Select Real Estate Group - Nebraska Realty. From doing 130 transactions a year, they are now aiming for 500 this year. And after finishing with $50M two years ago, their closings and under contracts are currently at $60M with 6 more months to go before this year ends. In this episode, we talked about:
(03:10) What Matt’s business looked like before they had SISU (04:44) What to love about having systems (06:00) The key to doing more transactions without having to hire more agents (06:44) The difference between hiring experienced agents vs. new agents (07:20) What are some misconceptions about teams (07:50) How important is transparency when it comes to commission splits with agents (14:22) How to deal with ISAs who want to transition into the agent role (18:00) Why do some team owners/leads prefer to select which agents get certain lead types (18:42) What does an agent have to do to get into the lead rotation (26:03) What are the 3-5 things that you absolutely must do to succeed as a new team owner (32:23) One of the biggest challenges that a leader must face (34:47) Why we must always keep learning