Finding the right real estate recruiter who can help you achieve your career goals is critical to success in the industry. While there are many strategies you can use to identify potential recruiters, leveraging your network for referrals is one of the most effective. By tapping into the relationships you have built over time, you can access trusted industry professionals who can offer valuable insights into the recruitment process, as well as recommend recruiters with a proven track record of success. However, once you have a list of potential recruiters, carefully evaluating each one is crucial. Factors to consider include their experience and expertise in your specific area of real estate, the size of their network and strength of their relationships with top-tier real estate firms, their level of communication and transparency, their approach to candidate matching and career development, and their overall reputation within the industry. Look for recruiters who take a consultative approach to their work, seeking to understand your goals and aspirations, providing personalized guidance and support, and being transparent throughout the recruitment process. Ultimately, finding the right real estate recruiter requires a combination of research, networking, and self-reflection, but doing so can help you thrive in the exciting and ever-evolving world of real estate.
Choosing a real estate recruiter
1. Find a real estate recruiter who has experience with your type of business.
If you own or operate a restaurant, you need to hire a food service recruiter. If you own or operate a real estate company, you need to work with a real estate recruiter. More specifically, you need to work with a real estate recruiter who has experience with your business model. Some of the industry verticals include:
If you operate intending to acquire and hold multifamily or commercial real estate, then a real estate recruiter with experience working in or recruiting in this vertical is crucial. The same goes for property and asset management, home building, and finance and investment-based real estate firms.
2. Find a real estate recruiter who is well networked in your vertical.
Being a well-networked real estate recruiter is a big advantage for you as the business owner looking to hire will reap the benefits of this advantage. A well-networked recruiter will receive best practices from their network to assist you with the search. They can also leverage their real estate networks to source and attract talented candidates both in your market and those who would relocate to join your company.
A real estate recruiter being well networked will open doors for you to access candidates, while also opening doors to other advantages to help your business overall.
3. Find a real estate recruiter who has the bandwidth to deliver results.
In the recruiting world, firm owners pressure their recruiters to sign new clients. Whether they have the time and resources to focus on them or not. This is unfortunate for business owners who need a real estate recruiter to hire talent for them. You can solve this by asking the recruiter how many searches they are currently working on. Ask them how their searches are going. Ask them how quickly you will be able to receive candidates based on their current workload.
In addition, most real estate recruiters will allocate more time to retained search assignments than on contingent search assignments. We wrote an article explaining the different types of searches you can expect when hiring a real estate recruiter. You can read the article here.
If you are overwhelmed or unsure about which real estate recruiter is best for you, feel free to reach out to us to discuss your options.