Real Estate Team OS

The Hidden Math Behind Referral-Only Real Estate Growth with Carol Foderick | Ep 100


Listen Later

More than 500 transactions last year - 100% by referral.
Nearly $1B in sales over the past five years - working by referral only.

Carol Foderick has built a 20-agent, 15-staff team that exclusively works by referral. Each agent owns their database and relies on the camaraderie of the team and the leverage of the staff. Go inside the structure of her team and get the numbers behind working by referral.

How many marketing activities does it take to produce a referral? How many referrals does it take to produce a closed transaction? What is each outbound call or text worth? Carol can tell you - and she does in this episode!


Watch or listen to Carol’s insights into:

  • The fuel for your real estate team
  • What lead generation looks like on her team
  • How she became a team leader before she started her own team
  • Who shouldn’t start a real estate team
  • The structure and key roles in her company to support high per-agent productivity
  • Why her agents’ databases have no value to her
  • How to retain top producers on your team
  • A systematic and measured process for working by referral (last year 226 actions drove two referrals and one closed transaction)
  • A specific example that points to $300 or so as the value of each call
  • Three main activities and five love languages for working by referral
  • How to find agents who can work by referral
  • Where we are in the teamification of the real estate industry

At the end, learn about truth telling by the home team, expensive rocking chairs and cheap airplane seats, and the challenges of being perpetual.


Connect with Carol Foderick:

→ Carol at CarolFoderick dot com

https://www.instagram.com/carolfoderick


Connect with Real Estate Team OS

https://www.realestateteamos.com

https://linktr.ee/realestateteamos

https://www.instagram.com/realestateteamos/

...more
View all episodesView all episodes
Download on the App Store

Real Estate Team OSBy Ethan Beute | Follow Up Boss

  • 5
  • 5
  • 5
  • 5
  • 5

5

21 ratings


More shows like Real Estate Team OS

View all
BiggerPockets Real Estate Podcast by BiggerPockets

BiggerPockets Real Estate Podcast

16,731 Listeners

Real Estate Training & Coaching School by Tim & Julie Harris - Real Estate Success Coaches

Real Estate Training & Coaching School

699 Listeners

Real Estate Rockstars Podcast by Aaron Amuchastegui

Real Estate Rockstars Podcast

890 Listeners

The Tom Ferry Podcast Experience by Tom Ferry

The Tom Ferry Podcast Experience

1,114 Listeners

It's a Good Life by Brian Buffini

It's a Good Life

2,525 Listeners

THE ED MYLETT SHOW by Ed Mylett

THE ED MYLETT SHOW

14,026 Listeners

The Martell Method w/ Dan Martell by Dan Martell

The Martell Method w/ Dan Martell

590 Listeners

The ONE Thing by Keller Podcast Network

The ONE Thing

1,109 Listeners

Keeping It Real Podcast • Secrets Of Top 1% REALTORS ® • Interviews With Real Estate Brokers & Agents by D.J. Paris

Keeping It Real Podcast • Secrets Of Top 1% REALTORS ® • Interviews With Real Estate Brokers & Agents

271 Listeners

BiggerPockets Money Podcast by BiggerPockets

BiggerPockets Money Podcast

3,104 Listeners

Ninja Selling Podcast by Ninja Selling

Ninja Selling Podcast

339 Listeners

Dropping Bombs by Brad Lea: CEO, Entrepreneur, and Host of The Bottom Line

Dropping Bombs

2,317 Listeners

HousingWire Daily by HousingWire

HousingWire Daily

168 Listeners

On The Market by BiggerPockets

On The Market

903 Listeners

The Millionaire Real Estate Agent | The MREA Podcast by Keller Podcast Network

The Millionaire Real Estate Agent | The MREA Podcast

395 Listeners