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Michigan Post > Blog > Real Estate > The two pillars of a rewarding referral pipeline
Real Estate

The two pillars of a rewarding referral pipeline

By Editorial Board Published October 29, 2024 4 Min Read
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The two pillars of a rewarding referral pipeline

For actual property professionals, receiving a referral is a testomony to a job properly completed — and may contribute to the energy of a enterprise. Whether or not it comes from a previous shopper or a fellow trade skilled, a referral is tangible reinforcement that your enterprise practices are robust sufficient to generate further alternatives.

Trying to make referrals a mainstay in your enterprise? Listed below are two essential pillars to think about when constructing a rewarding referral pipeline.

Pillar #1: Be memorable — for all the suitable causes

Let’s face it — individuals speak. Offering wonderful service and following up on a constant foundation, is one of the best ways to get shoppers to advocate you to others. To be sure to’re delivering referral-worthy, top-tier service, embrace training, sharpen your abilities, use know-how and deal with getting outcomes.

“A large percentage of my business comes from referrals. I receive many, and I send many out to other RE/MAX agents,” says Karen Grobman, an agent with RE/MAX Wonderful Properties in Scottsdale, Arizona.

It’s additionally essential to remain linked to previous shoppers. In spite of everything, nurturing these connections can hold you prime of thoughts — and will result in one other constructive end result: repeat enterprise.

An instance: Experiencing a full-circle second, Grobman says she’s presently itemizing a property she offered to the house owners 20 years in the past.

“I’ve kept a good relationship with the homeowners and continued to stay in touch with them. I’ve called them every year on their homebuying anniversary, and I regularly keep them informed on local happenings like market conditions,” she shares. “I care deeply for my clients, and it’s always exciting to help them move through the chapters of their lives.”

Pillar #2: Community, community, community — with a worldwide community 

Relationships are the spine of actual property, and reinforcing relationships with reliable brokers is a key technique to earn enterprise from throughout. That’s why it’s useful to faucet into an expert community with ample alternatives for connection.

For Grobman, she says that is doable by means of her model’s community of over 140,000 professionals and a presence in additional than 110 nations and territories.

“I just sent some great referrals to RE/MAX agents in Michigan and North Carolina,” Grobman shares. “I’m able to send clients to real estate professionals who I know are excellent agents in their markets, and that’s the most wonderful feeling.”

To assist guarantee referrals aren’t restricted by language obstacles or nation borders, there’s the unique RE/MAX World Referrals Platform, a complete tech hub that auto-translates referrals into 50 native languages.

However, most significantly, Grobman says participating with the RE/MAX community — and making a real effort to get to know fellow brokers – has been a number one driver for her referral pipeline.

“Every year, I go to several RE/MAX events, like the annual R4 conference. These events are always part of my business plan and they’re a great place to foster friendships, too. I only consider referring business to someone I’ve gotten to know over time,” she explains. “The relationships I’ve constructed with members of the RE/MAX community over the previous 25 years are irreplaceable.

“I would never leave the brand. RE/MAX is where these relationships happen,” Grobman says.

Be taught extra about how RE/MAX helps actual property professionals take enterprise to the subsequent stage.

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