Zillow Flex: How Does It Work & Is It Worth A 35% Referral Fee?

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As a busy real estate agent, you’re always looking for new leads. And if you’re like most agents, you’re probably pretty familiar with Zillow. After all, it’s one of the most popular home-buying websites out there.
Zillow Flex is a new program that real estate agents can use to get referrals from Zillow. But how does it work, and is it worth the 35% referral fee? I’ll break it all down for you in this video.
I did some digging and here’s what I found.
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00:00 Intro
01:33 What is Zillow Flex and how does it work
02:31 How to get started with Zillow Flex
03:06 Pros and Cons of Zillow Flex
03:45 So is Zillow Flex worth it?
04:10 How does the 35% referral fee work?
04:50 How to maximize your profits with Zillow Flex
06:59 How to decide if using Zillow Flex is the best option for you
09:14 Alternatives to using Zillow Flex
10:40 Conclusion
//WATCH NEXT:
◦ Grow Your Real Estate Business From 0 - • How To Start A Real Es...
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◦ eXp Realty Explained (2023) - • Video
//COME SAY HI!
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#kylehandy #realestatetraining #zillowflex

Опубликовано:

12 июл 2024

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Комментарии : 42

@cyndirosen146 2 месяца назад

As a successful Premier Agent, I would love to know why it is a secret as to who the Flex teams are. The last year's leads for Premier Agents have not been in line with the inventory in a zip code. The leads are the poorest quality in terms of price point. The leads don't represent the zip code as a whole. I speak with other Premier Agents, and we have all been experiencing this since Flex came to town. Premier is just sucking agents dry. The ROI is not there. My conversation rate is 20+%. No invitation, as I am not a team.

@EmpireOfRealEstate 2 года назад

Great video Kyle

@KyleHandy 2 года назад

Thank you!

@gjack916 Год назад

Your context is always so 🔥🔥🔥🔥

@KyleHandy Год назад

Thank you gjack916! 👍😀🤝

@gjack916 Год назад

*content

@ryanwelcer5536 Год назад

#endcrew great video! As a newer agent on a team, I just had my first savage beating from a Zillow referral deal that I’ll be closing. That 35% stings far too bad compared to the leads they provide. Just an opinion of a new agent, can’t say it’s not for everyone but it’s def not for me lmao.

@GoblinStomp Год назад

You need to get off flex and purchase the traffic month to month. The leads are the same except you dont pay 35% which is ridiculous, if it was 10-20% it would make sense but youre pretty much robbing yourself. Its been working for my team and I for years.

@KyleHandy Год назад

35% is steep. I'd recommend looking into Google PPC ads and cutting out Zillow altogether. Good luck!

@nipples8776 Год назад

@@GoblinStomp actually the referral fee is a better deal.

@GoblinStomp Год назад

@@nipples8776 it is if your sales team cant close hot leads

@marcmanelistvrg 2 года назад

Thanks for the great information. I take it the 35% is off the GCI? This would be before the broker/agent split?

@cullumstirling 2 года назад

Yes, like standard referrals, your split doesn't affect the referral $

@KyleHandy 2 года назад

That is correct! 35% straight to Zillow. Then you split your 65% however you currently have setup with your broker.

@erinrohr5407 Год назад

Aka NOT WORTH IT. Good Realtors work way too hard to give all of their money away, especially to Zillow who is trying to get rid of us! Yet so many agents just keep feeding the monster. Ugh.

@kristinefuller4547 2 года назад

#endcrew great content!

@KyleHandy 2 года назад

Thank you Kristine Fuller! 👍😀🤝

@sharingsocal4985 2 года назад

Thank you for the insight! #endcrew

@KyleHandy 2 года назад

👍🔥🙏

@lydiasimeane8331 Год назад

Is Zillow Flex the same thing as Zillow premier?

@KyleHandy Год назад

Hey Lydia, Thanks for your question! Zillow Flex and Zillow Premier are actually two different programs offered by Zillow, each with its own purpose and features. Zillow Flex is a program designed for real estate agents who want to receive buyer and seller leads directly from Zillow. Agents who join the Zillow Flex program typically pay a referral fee or a percentage of the transaction when they close a deal generated through Zillow's platform. It's a way for agents to connect with potential clients actively searching for properties on Zillow. On the other hand, Zillow Premier Agent is a separate program that allows real estate agents to advertise their services and listings on Zillow. Premier Agents receive prominent placement and branding on property listings, as well as access to additional marketing tools and resources provided by Zillow. While both Zillow Flex and Zillow Premier Agent offer benefits for real estate professionals, they serve different purposes. Zillow Flex focuses on receiving leads directly from Zillow, while Zillow Premier Agent provides advertising and marketing opportunities to promote an agent's services. To get more detailed information about each program and determine which one aligns better with your goals and budget, I recommend reaching out to Zillow directly or visiting their website for comprehensive program descriptions and pricing details. I hope this clarifies the difference between Zillow Flex and Zillow Premier Agent. If you have any further questions, feel free to ask!

@mjessie411 2 года назад

#ENDCREW Thank you for the info :)

@KyleHandy 2 года назад

💪

@sellingsandiego6276 Год назад

You forgot to mention when you join a zillow flex team the team lead also take a cut off the top so after zillow & your teams cut you end up with 35-40% hahah so you're almost working for free.

@KyleHandy 9 месяцев назад

Thank you for bringing up an important point. You're absolutely right, and it's crucial for real estate professionals to be aware of how their earnings may be affected by various fees and commission splits, especially when working with platforms like Zillow Flex teams. In many cases, when you join a team or platform like Zillow Flex, there may be additional fees and commission splits to consider. These can significantly impact the income you receive from each transaction. It's important to thoroughly understand the financial arrangement with your team lead or the platform to ensure that it aligns with your financial goals and is fair for the services you provide. Every real estate professional's situation is unique, so it's essential to carefully evaluate any such arrangements and weigh the pros and cons to determine if it's the right fit for your business. Your comment serves as a valuable reminder for those considering such partnerships to be aware of the potential impact on their earnings. Thank you for sharing this insight!