Results of the Solo Agent Survey
Thank you for participating in the Solo Agent Survey.
Let’s get to the results.
From the cool agents who responded, here is what we learned.
Type of Solo Agent:
75% Lone Wolf – solo agents who have zero assistants … and do everything by themselves
15% Side Kick – solo agents who have 1 or more administrative assistants.
10% Contract Help – solo agents who pay a transaction manager (or other admin) on a per closing basis.
* Note: these numbers held true even with additional results added second day..
Number of Administrative Assistants:
75% with 0 assistants
21% with 1 assistant
4% with 2 assistants
Number of Homes Sold in Best Year:
10% at 0-5 homes sold
13% at 6-9 homes sold
25% at 10-19 homes sold
20% at 20-29 homes sold
15% at 30-39 homes sold
10% at 40-49 homes sold
5% at 50-74 homes sold
2% at 75-99 homes sold
Annual Gross Commission Income (GCI)
18% at 0-49 thousand
25% at 50-99 thousand
25% at 100-199 thousand
30% at 200-499 thousand
2% at 500+ thousand
Conclusion:
Wow! Cool insight.
Solo agents are doing BETTER than the industry likes to admit.
My assumption is that solo agents have a HIGHER net profit (as a percentage) too.
Maybe we’ll explore more on this topic next week.
Keep moving forward.
-Mike Cerrone
Master Mind Agent LLC
P.S. Are you a solo agent who did not get to participate in the survey?
You can still add your input here:
CLICK HERE AND ANSWER A FEW QUESTIONS (SOLO AGENT SURVEY)
(will only take 3 minutes)
Thanks.
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Hope this helps.