How Commercial Agents Boost Team Revenue and Referrals with Grant Johnson | Ep 109
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About this listen
What would a commercial division add to your residential real estate team? And what does it look like when one generates roughly $100M in active listings — and a $25M portfolio sale — in its first year?
You're about to find out. But this episode is about a lot more than a shower-thought-turned-11-agent commercial division.
Grant Johnson's Twin Cities team went from selling 100-150 homes per year for nearly a decade to 270, then 539, then 830+ — while adding only 2 staff members along the way. Learn how his 120-agent organization can run with just 5 staff, why they brand around the agent rather than the team, and what he’s learned about how (and how not) to expand into new markets.
Grant is candid about mistakes and backwards moves to avoid and cautions for aspiring team leaders - all based on his extensive experience.
Watch or listen for Grant's insights into:
0:00 Intro and welcome
1:35 Why 75% of agents should never start a team and what puts someone in the 25% who should
12:31 How to run 120 agents on 5 staff, including the specific roles that held them together as production grew from 150 to 830+ homes per year in 3 years
19:03 Why group coaching sessions segmented by production level beat 1-on-1s at scale — and how a culture of peer accountability fills in the rest
21:53 How a shower thought became a commercial division in one week that now includes 11 agents, ~$100M in listings, and a $25M portfolio sale in year one
23:28 Why applying residential marketing (like high-end video walkthroughs) to commercial listings is attracting commercial agents
27:31 The referral flywheel between residential and commercial agents (a $5M sale, a 25% referral fee, and zero deal work for the residential side)
31:59 Why cold calling agents is the wrong first move in market expansion (and what he's doing differently for the next expansion)
37:00 Why you don't need to incessantly brand your real estate team (even if someone tells you to)
39:29 The weekly meetings and monthly financial reviews that keep the team connected in a high-growth environment
47:07 At the end, learn about rooting for your competitors, a $60-a-day coffee habit, what happens when two universities politely ask you not to come back, and learning from people rather than pages.
Mentioned in this Episode:
→ Scaling a Real Estate Team to $6 Billion in Production with Jason Mitchell
→ Building a Real Estate Company That Works Without Your Production with Jason Mitchell
→ Why Most Real Estate Team Leaders Shouldn’t Be Team Leaders with Jon Cheplak
Connect with Grant Johnson:
→ https://www.instagram.com/thereal.grantjohnson/
→ grant at grantjohnson dot com
→ 651 324 3787
Connect with Real Estate Team OS:
→ https://www.realestateteamos.com
→ https://linktr.ee/realestateteamos
→ https://www.instagram.com/realestateteamos/