Compass's Jonathan Spears on the only two KPIs he tracks
Oct 30, 2023
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Real estate professional Jonathan Spears shares his business practices and the two key performance indicators (KPIs) he tracks for success. He focuses on building authentic relationships and highlights the significance of accountability and leadership boards. The podcast also discusses the ongoing trial of the Sitzer Burnett Class Action Commission lawsuit and exciting trends in real estate, including advancements in AI and the opportunities presented by the market reset.
The two important key performance indicators (KPIs) for real estate agents to track in order to be successful are making calls, connecting with people, and setting appointments.
Building authentic relationships with clients is crucial in the real estate industry as clients choose to work with agents they like and trust.
Deep dives
Building Relationships and Executing Priorities for Success
The key to generating revenue in the real estate industry is through building relationships and executing priorities. Agents need to prioritize and execute their tasks by creating a plan and taking action. Perfecting priorities can lead to missed opportunities, so it's important to take the Nike approach of 'just do it.' The two essential tasks for agents are making calls, connecting with people, and setting appointments. Consistency in these activities will lead to success and a thriving business.
Jonathan Spears' Success in Luxury Real Estate
Jonathan Spears, the leader of the Spears Group, a luxury real estate team in Northwest Florida, shares his journey and the niche they focus on. Their team specializes in serving luxury markets that are architecturally significant and located in a beautiful beachfront area. With 13 agents and a billion dollars in sales volume over the past two years, they operate in one of the most explosive luxury real estate markets. Their focus is on providing exceptional service and building genuine relationships with clients.
Organizing Business for Success and Growth
Jonathan Spears discusses how he organizes his business for success regardless of market conditions. He emphasizes the importance of having a proactive approach to real estate and shares his experience starting as a single agent and eventually building a team. By being proactive, taking action, and holding themselves accountable, agents can overcome challenges and succeed in the ever-changing real estate industry.
The Value of Building Authentic Relationships
Jonathan Spears emphasizes the importance of building authentic relationships with clients. He believes that the only reason someone chooses to work with an agent is because they like and trust them. By connecting on a deeper level, agents are able to provide value beyond just real estate transactions. Spears encourages agents to prioritize adding value to clients' lives, conducting meaningful conversations, and genuinely caring about their clients' needs and preferences.
On today's RealTrending, we feature Jonathan Spears, founder of Spears Group with Compass in Destin, Florida. His team is ranked No. 16 medium-sized teams by sales volume on the RealTrends + Tom Ferry 2023 The Thousand.
Spears chose a career in real estate at age 18 and went into it with a specific business plan. Part of that plan continues today in how he tracks key performance indicators. Rather than make it difficult, he simplifies the process with his agents. "I would love to say that our system is complex and proprietary, but it's not. I tell my team that there are only two KPIs to track in order to be successful and they're both related to relationships," he says.
Find out more about Spears's business practices, what those two KPIs are, and how he is moving his business forward in today's market.
The RealTrending podcast features the brightest minds in real estate. Every week, brokerage leaders, top agents, team leaders, and industry experts share their success secrets, trends, and lessons learned navigating this ever-changing industry. Hosted by Tracey Velt and produced by Elissa Branch.