5,104,931
I've done okay for 25 years without an assistant regardless of how many transactions I do. I find help in other ways... my husband does my books; my office has resources such as transaction coordinators when I need one; I outsource lots of things such as photography, floor plans, marketing brochures. I had an assistant briefly and it took me more time to keep track of her than to do certain things myself and outsource as needed.
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Sandy Padula & Norm Pa...
, CA
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Inna Ivchenko
Encino, CA
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Roy Kelley
Gaithersburg, MD
-
Kathleen Daniels, Prob...
San Jose, CA
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Kasey & John Boles
Boise, ID
-
Ron and Alexandra Seigel
Carpinteria, CA
-
Richard Bazinet /MBA, ...
Scottsdale, AZ
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Michael Jacobs
Pasadena, CA
-
Peter Testa
Danbury, CT
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Carol Williams
Wenatchee, WA
-
Doug Dawes
Topsfield, MA
-
Lyn Sims
Schaumburg, IL
4,572,117
It depends on the agent. There are many schools of thought on the subject but it really depends.
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Peter Testa
Danbury, CT
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Debe Maxwell, CRS
Charlotte, NC
-
Bob Crane
Stevens Point, WI
-
Ron and Alexandra Seigel
Carpinteria, CA
-
Brenda Mayette
Glenville, NY
-
Doug Dawes
Topsfield, MA
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Greg Large
Grove City, OH
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Lyn Sims
Schaumburg, IL
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Nina Hollander, Broker
Charlotte, NC
1,844,271
If you don't pick the right sellers or buyers it could be with just 1. It also depends on how much free time that you want.
So my answer is like Mike Jacobs, it depends.
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Debe Maxwell, CRS
Charlotte, NC
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Bob Crane
Stevens Point, WI
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Ron and Alexandra Seigel
Carpinteria, CA
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Peter Testa
Danbury, CT
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Brenda Mayette
Glenville, NY
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Doug Dawes
Topsfield, MA
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Greg Large
Grove City, OH
519,324
When the agent identifies what can be delegated and free themselves up for more profitable tasks.
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Debe Maxwell, CRS
Charlotte, NC
-
Bob Crane
Stevens Point, WI
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Michael Jacobs
Pasadena, CA
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Brenda Mayette
Glenville, NY
-
Doug Dawes
Topsfield, MA
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Tony and Suzanne Marri...
Scottsdale, AZ
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Nina Hollander, Broker
Charlotte, NC
1,196,798
If I wasn't so frugal I'd use one for every transaction
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Peter Testa
Danbury, CT
-
Debe Maxwell, CRS
Charlotte, NC
-
Bob Crane
Stevens Point, WI
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Michael Jacobs
Pasadena, CA
-
Brenda Mayette
Glenville, NY
758,035
Depends how active the listings & buyers are.
-
Debe Maxwell, CRS
Charlotte, NC
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Bob Crane
Stevens Point, WI
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Michael Jacobs
Pasadena, CA
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Doug Dawes
Topsfield, MA
4,882,355
12 listings and 5 motivated buyers
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Debe Maxwell, CRS
Charlotte, NC
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Michael Jacobs
Pasadena, CA
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Doug Dawes
Topsfield, MA
-
Nina Hollander, Broker
Charlotte, NC
1,712,676
With outsourcing and the use of tech I would say 100.
-
Debe Maxwell, CRS
Charlotte, NC
-
Michael Jacobs
Pasadena, CA
-
Doug Dawes
Topsfield, MA
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Nina Hollander, Broker
Charlotte, NC
370,200
20 .... transactions .....
-
Debe Maxwell, CRS
Charlotte, NC
-
Michael Jacobs
Pasadena, CA
-
Doug Dawes
Topsfield, MA
-
Nina Hollander, Broker
Charlotte, NC
4,434,127
Depends.
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Debe Maxwell, CRS
Charlotte, NC
-
Michael Jacobs
Pasadena, CA
-
Doug Dawes
Topsfield, MA
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Nina Hollander, Broker
Charlotte, NC
3,626,530
Like the rest it all depends on the agent. For me 4-6 deals a month or higher,
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Debe Maxwell, CRS
Charlotte, NC
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Brenda Mayette
Glenville, NY
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Doug Dawes
Topsfield, MA
-
Nina Hollander, Broker
Charlotte, NC
1,153,794
Depending on the agent it could vary anywhere between 2 and a 100.
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Debe Maxwell, CRS
Charlotte, NC
-
Michael Jacobs
Pasadena, CA
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Doug Dawes
Topsfield, MA
-
Lyn Sims
Schaumburg, IL
6,393,154
The sooner you leverage the faster you will grow.
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Peter Testa
Danbury, CT
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Debe Maxwell, CRS
Charlotte, NC
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Bob Crane
Stevens Point, WI
1,052,211
Assistants don't work for me, never have and I've tried. It takes me longer showing them how I want things done than just doing it myself.
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Debe Maxwell, CRS
Charlotte, NC
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Eve Alexander
Tampa, FL
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Michael Jacobs
Pasadena, CA
613,494
I think it depends on the agent...and when they get out of bed.
Few listing agents are really on top of things...most have no clue what is going on and they don't want to know...or they have their assistant handle everything including that what the assistant legally should not be doing.
Then you have buyer agents who take care of the client and fake buyers agent who think that "nothing" is their job.
I handle all my own deals and when I had an assistant, I still handled my own files and clients.
Eve
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Debe Maxwell, CRS
Charlotte, NC
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Michael Jacobs
Pasadena, CA
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Candice A. Donofrio
Fort Mohave, AZ
4,800,082
It will depend on that agent.
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Debe Maxwell, CRS
Charlotte, NC
-
Bob Crane
Stevens Point, WI
-
Michael Jacobs
Pasadena, CA
5,216,387
It truly depends on the agent! Some could use help with one and others can handle many!
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Debe Maxwell, CRS
Charlotte, NC
-
Bob Crane
Stevens Point, WI
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Michael Jacobs
Pasadena, CA
3,988,007
It of course depends on systems in place and how good a time manager the agent but crossing over 50 transactions is difficult without help if you want to have a personal life, too.
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Debe Maxwell, CRS
Charlotte, NC
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Bob Crane
Stevens Point, WI
3,986,258
Depends on the transactions and how complicated they are
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Nina Hollander, Broker
Charlotte, NC
-
Bob Crane
Stevens Point, WI
92,082
I believe this would be different for every agent...
- how efficient they are or are not
- how much time they wish to work per week
- how much growth they want within their business
- are they working mostly listings or buyers
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Debe Maxwell, CRS
Charlotte, NC
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Bob Crane
Stevens Point, WI
763,883
Over 7 would be tough to handle for me.
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Debe Maxwell, CRS
Charlotte, NC
-
Bob Crane
Stevens Point, WI
5,583,278
prior to my heading toward retirement from working actively, I was always a solo agent.... I would not let anyone touch my transactions or any paperwork, follow up or meetings.... I was able to handle 45 transactions at one time and they were all new construction.... every home was different and I paid attention to detail....always fully executed work authorizations with job descriptions and prices.... there was one year I did not take one day off.... I went into the office and on sites with a fever if I had one....
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Nina Hollander, Broker
Charlotte, NC
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Debe Maxwell, CRS
Charlotte, NC
7,836,129
It depends upon the type of the transaction.
Every highly productive agent need one or more assistants.
-
Debe Maxwell, CRS
Charlotte, NC
-
Bob Crane
Stevens Point, WI
3,345,091
Depends on who the agent it and their skill set.
Some need help with only one transaction.
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Nina Hollander, Broker
Charlotte, NC
-
Debe Maxwell, CRS
Charlotte, NC
2,684,009
My formerly licensed wife does our PR and the back-office stuff. I have used an assistant on a call-as-needed basis to check on yard signs and run errands, but not at present.
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Debe Maxwell, CRS
Charlotte, NC
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Bob Crane
Stevens Point, WI
637,434
The question is "transactions", so in escrow. Rather than an "assistant", I would hire a transaction coordinator. In my market not being a big city, the volume is not large.
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Debe Maxwell, CRS
Charlotte, NC
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Bob Crane
Stevens Point, WI
5,772,575
I agree with Michael Jacobs . We did not have an assistant, however some of our clients have assistants that they treasure and have been working with for many years. So it does really depened, and it is not a numbers thing. A
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Debe Maxwell, CRS
Charlotte, NC
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Bob Crane
Stevens Point, WI
716,049
Depends on the size, type and breadth of your transactions. Years ago, I used to have a shared assistant. With the advent of going full digital and the use of products like with e-signatures, it eliminated her position.
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Nina Hollander, Broker
Charlotte, NC
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Debe Maxwell, CRS
Charlotte, NC
2,781,163
I naturally delegate and outsource without effort. I have never reached capacity under my systems
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Debe Maxwell, CRS
Charlotte, NC
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Bob Crane
Stevens Point, WI
921,504
From my calculations, a full service solo agent, assisting buyers and sellers in all types of real estate (not commercial) has a bandwidth of 46 transactions annually.
Many agents market themselves as full service and clearly are not...so the create more bandwidth.
Other agents may work one type of real estate or complex or community and able to leverage their research and maximize efficiencies.
By the time the solo full service agent reaches 46 transactions, the wheels on their real estate wagon are very wobbly. !6 transactions prior they needed to be looking for ways to create bandwidth.
1. Reduce deilverables. Often this looks like don't show the home of the one who hired the listing agent to potential sellers. Or, don't be present for inspections, appraisals, 2nd looks.
2. Adjust business model to higher yield markets (raise the price point) requiring fewer transactions to maintain income.
3. Adjust business model to reduce direct time requirements.
4. Stop doing what the agent should not be doing. Seriously. A lisense is not required to put up signs.
The agent at the 20 transaction a year level is the prime candidate to analyze their business, assess the outcome of their actions and scale their business to be one that does not overwhelm.
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Michael Jacobs
Pasadena, CA
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Candice A. Donofrio
Fort Mohave, AZ
249,105
My mind started to crumble at the 5 simultanious transaction mark.
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Debe Maxwell, CRS
Charlotte, NC
-
Michael Jacobs
Pasadena, CA
644,025
It depends, some agents need help with one.
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Debe Maxwell, CRS
Charlotte, NC
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Michael Jacobs
Pasadena, CA
851,242
Parked & reading! I quite often ask myself "Is it time?" and then the control freak part of me kicks in and I manage... ;0
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Debe Maxwell, CRS
Charlotte, NC
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Candice A. Donofrio
Fort Mohave, AZ
3,071,489
Dan Tabit nailed this one!
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Debe Maxwell, CRS
Charlotte, NC
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Michael Jacobs
Pasadena, CA
1,725,996
Can't beat Nina Hollander 's answer. We outsource nothing and do it all.
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Nina Hollander, Broker
Charlotte, NC
1,622,432
I did not reach that point... yet. But it also depends how busy you are with other staff. Sometimes you just need to delegate some tasks.
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Nina Hollander, Broker
Charlotte, NC
5,229,945
I forgot what the formula is but, I know that when I added an assistant, my business grew by leaps & bounds. I have had two of them for 10 years, 1 for 8 years and hired my last one 2 years ago. They are not always working full-time because 2 of them travel about 1/2 of the year but, they're here during the busy season.
All are licensed and have very defined jobs that allow me to be face-to-face with my clients - my favorite part of this business!
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Peter Testa
Danbury, CT
1,239,901
We have agents who close $5-6M a month and can handle most alone. Another not so busy agents handle the compliance.
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Michael Jacobs
Pasadena, CA
4,936,605
well depends on if you want more business then you need one even if you only do 12 deals a year.
5,868,482
A few years ago, it got very close, but depends on the transactions and the clients.
87,920