Humans respond much more powerfully to social incentives that involve rewarding others and strengthening the ties that bind than incentives that involve their own economic self-interest
-Alex Pentland, Social Physics
BloomTree Realty launched in August of 2014 based on a set of core values that the founders believe are more reflective of how agents would prefer to do business. The same values that are proven to be present in healthy communities and individuals. Values that also run counter to how most brokerages operate in this dog eat dog industry.
Do Values really matter in this complex world of real estate where it seems agents have been pitted against each other and against the brokerage in an “every man for himself” environment?
BloomTree Realty is proving that they not only matter, but put into practice and enmeshed into every aspect of the business, they result in rapid growth, attraction of the best agents, and improved customer service. It also results in improved retention rates of those agents in a world of agent musical chairs.
Culture is a word many companies like to use in the industry to try to project that they are about something more than taking a piece of the agent’s commission.
Culture is a word many companies like to use in the industry to try to project that they are about something more than taking a piece of the agent’s commission. But when those cultural notions are simply providing lip service instead of providing real programs, training and a compensation system designed to reinforce those core values, there exists no real cultural glue to create a community of committed professionals.
In an industry that is growing more complex and competitive by the day, a community of professionals that is willing to share its knowledge and experience is more relevant and powerful than ever. You could even say that the BloomTree model is designed for growth. In fact, growth is one of its core values. With each new professional added to the community, the company becomes stronger and smarter because of its system designed to reward collaboration.
How well has this new model performed in its hometown of Prescott, Arizona where it competes with most major national brands and a plethora of independent companies?
BloomTree started with a handful of productive agents in August of 2014 and now has a roster of about 150 agents. In January of 2016 BloomTree reached a milestone; it became number one in sales volume and number one in agent count against companies that have been operating in the same market for ten, twenty and even thirty years.
BloomTree is proving that agents have a strong interest in how companies do business, not just in how much of the split the company takes from the agent.
To be clear, BloomTree Realty is committed to helping agents achieve a level of economic success that exceeds what they can achieve elsewhere and its compensation system is designed to help them reach their desired financial goals. But our strategy for doing so involves not just teaching agents lead generation and transaction management but also on how to create relationships, how to act like a professional, and how to improve emotional intelligence.
Why improve emotional intelligence (EQ)? The statistics show over and over that top performers in any industry demonstrate a higher level of emotional intelligence than their peers. Individuals with high EQ happen to value community, team work, and continuous learning. You can’t stand in the same place and expect growth to happen magically.
You can’t stand in the same place and expect growth to happen magically.
BloomTree’s core values are designed to reflect those qualities demonstrated by people who are top performers. It just so happens that most successful people prefer to work in an environment where mutual success is valued.
The icing on the cake? When agents work together in a collaborative environment where they have more resources and experience to tap into, someone else wins; the customer.
The customer truly has the benefit of a community of agents working on their behalf instead of just one agent. Welcome to Bloomtree Realty.