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Business Models
Broker inspires agents to raise
customer-service bar |
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Cindy Brouillette says her brokerage offers the best
customer service in her market, a boast she feels free to
make because she and her agents focus so intensely on
client's needs.
For starters, there's the guarantee that a buyer who
calls Cindy B! REALTORS of Fort Wright, KY, will get a
call back from an agent within seven minutes.
Cindy B! has fiver buyer agents, three listing agents,
and a staff of seven administrative employees.
When a lead comes into Cindy B!, Brouillette awards the
buyer's name to the first agent who responds. If she
doesn't get a response within a few minutes, she starts
dialing agents' cell phones until she reaches one.
Brouillette also expects her agents to answer client
calls until 9 p.m. And she puts her agents on a
weekly rotation so that one is always "on call" on
weekends and evening.
For her part, Brouillette makes a point of calling
every single client once during the transaction to thank
them for their business and to ask if they're satisfied
with the service they're getting. Then she calls
after the closing to find out how the sale went.
"We do 350 sales a year, so that's a lot of phone
calls," Brouillette says.
During those calls, she also tries to pry loose
referrals by asking, "Can you think of anyone else we
should be working with?"
To make sure that everyone in her company stays focused
on customer service, Brouillette sends questionnaires to
past clients asking how they feel about their experience.
The responses are turned into agent-by-agent rankings
available to all agents in the office.
Round-the-clock service
Then there's the friendly compe-tition between buyers' agents and
listing agents. Brouillette divides them into teams;
each year, the team
whose sales went up by the greatest
percentage is treated to a dinner pre-pared by the losers.
Brouillette aims to make this competition good-natured
and fun, but Cindy B! clearly wants customer service and
performance to be an obsession in her office.
"It is a form of peer pressure," she says.
But is there a downside? The real estate industry
increasingly has begun to pay attention to the issue of
work-life balance, and the National Association of
Realtors even has launched the "Family Time" campaign to
encourage brokers and agents not to ignore their personal
lives.
Brouillette says her company's extensive support staff
and the on-call rotation let agents spend quality time
with their families. But Brouillette also says she's
just as concerned about happy customers, and customers are
happy when agents promptly return that crucial first call.
"Those who want to make money respond right away," she
says. "And I guess those that don't want to make
money are on family time."
Well-paid agents
That's not to say Brouillette
doesn't reward her agents for long hours. To the
contrary, all are highly productive and make at least
$50,000 a year. "A third of my agents are making
well over a six-digit income," she says.
Meantime, Brouillette covers their marketing costs and
other expenses.
"There's not a thing that they pay for," Brouillette
says.
Cindy B! also takes pains to free agents to work on
deals rather than paperwork. The company's
seven-person support staff includes two transaction
coordinators and in-house ad agency.
Brouillette says she wants her agents to stay focused
on money-making tasks such as prospecting and driving
around with buyers, not monitoring the fax machine.
"They're not sidetracked with administrative duties,"
she says.
Brouillette's thoughts about customer service were
formed when she worked for large corporations and owned a
marketing agency.And her philosophy was refined during her
years as a top producer. She often was frustrated
when she tried to pass on leads to other agents in her
office only to see promising prospects ignored.
So Brouillette hired a buyer's agent to work with some
of her overflow business. Then, in 1998, she decided
to start her own company.
When she first started, Brouillette says, she hired any
agent who was willing to join an upstart company.
These days, though, she's more particular.
She likes to hire agents who have at least half a year
in the business so that they know the rudiments. But
she steers clear of experienced agents, whom she finds
unwilling to prospect and too likely to impose their own
opinions on clients.
"They have so many bad habits that are so hard to
break," Brouillette says.
Menu of commission plans
And as the discount-versus-full-service war rages,
Cindy B! straddles both sides of the debate. Sellers
can choose from one of five commission plans:
Premier service. The seller pays 7 percent
and gets "the best of everything," including virtual
tours. All meetings are held at the seller's home or
other location of his choosing.
Full service. The seller pays 6 percent
and gets a monthly meeting with an agent to review the
marketing strategy.
Loyalty program. A seller pays 5 percent
for the full-service plan - so long as the seller also
agrees to work with a Cindy B! buyer's agent when buying
his next home.
Flat-fee MLS service. For $3,500, a seller
gets an MLS listing, photos, a yard sign, and showings by
Cindy B! agents. If another company brings the
buyer, the seller pays a 3 percent fee to that agent.
The seller pays a $500 nonrefundable deposit upfront and
an additional $3,000 when the deal closes.
Contract service. For $1,500 a seller or
buyer gets help writing a contract and closing the deal.
Brouillette syas she's been offering such choices since
the early 1990s. And while the traditional 6 percent
option remains the most popular choice, Brouillette says
it's better to be flexible than to lose a client
altogether.
Contact: Cindy Brouillette, 859-331-6200,
www.cindyb.com, cindyb@cindyb.com |
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