Hazel Shakur and Adam Hergenrother argued during a Wednesday session of Inman Connect that real estate agents can thrive even in a shifting market.

Inman Connect New York delivers the perfect blend of outside-the-box thinkers, cutting-edge leaders, and hard-working, successful agents. Join us Jan. 24-26 for crucial content, education, and networking opportunities to help you thrive in today’s changing market. Register here.

When Hazel Shakur started out in real estate, agents could almost walk down the street and have deals fall in their laps.

“It was great,” she recalled during a Wednesday session of Inman Connect.

But then the bubble burst. Everything changed.

“All of a sudden my pipeline dried up,” Shakur said, “and I really had to learn how to hustle.”

Though Shakur said she doesn’t think the same amount of chaos is coming for the market today, real estate is going through similar growing pains as it transitions from the heady times of the past few years to a situation in which mortgage rates are high and prices are stagnant or even falling.

That shift was the topic of Shakur’s session Wednesday, and she appeared alongside Adam Hergenrother to share tips for how to become a successful top producer even in a cooling market. Here are the tips the two industry veterans offered:

Always help people

Shakur — who is an agent with Redfin — said that one of the keys to success even in hard times is for agents to always make sure they’re looking out for others.

“A top producer is a person who is helping as many people as possible,” she said, adding later that, “typically if you’re helping people, you’re helping yourself.”

She went on to recall that she grew up with a parent in the military, which meant moving frequently — to the point that she attended 10 different schools before going to college. The experience taught her that housing and real estate matter and that helping people find a home is a noble thing to do.

“Having a place to rest, to raise your family,” she continued, “that’s very important.”

Clockwise from top left, Hazel Shakur, moderator Kendall Bonner and Adam Hergenrother at Inman Connect | Inman

Double down on what works

Hergenrother — who is the founder and CEO of Livian — said that in a turning market agents have to “increase the velocity or intensity of the activities that matter.”

“So if you’re doing three hours of lead gen a week that needs to be nine,” he explained. “And that’s what you absolutely have to maintain right now in order to have any type of Q1 type of result that you want.”

Alternatively, Hergenrother advised agents to narrow their focus and to dump anything that isn’t helping them.

“Delete anything that’s not bolted to the floor,” he added.

Keep persevering

Both industry veterans stressed the importance of doubling down and continuing to work, with Shakur going as far as to say that perseverance is so central to her attitude that it’s actually the meaning of her daughter’s name.

“Perseverance is tremendously important,” she said.

Hergenrother made a similar point, noting that “staying in the game long enough so you can experience multiple expansions and contractions,” is part of what makes agents successful and resilient.

“Never give up,” he suggested.

Shakur went on to say that part of this idea is staying passionate about the work and achieving a positive work-life balance. She additionally suggested agents come up with a definition for “top producer” that works according to their own goals and metrics. And while she and Hergenrother agreed that the market is turning, they also said a different kind of landscape doesn’t have to sink agents’ ambitions.

“I don’t think the market can ever determine everyone’s success,” Hergenrother concluded. “I think it determines your strategy.”

Email Jim Dalrymple II

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Only 3 days left to register for Inman Connect Las Vegas before prices go up! Don't miss the premier event for real estate pros.Register Now ×
Limited Time Offer: Get 1 year of Inman Select for $199SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription
×