Warren Buffet’s new real estate brand wants to learn from — and recruit — millennials | South Salem NY Homes

A group of younger agents will help Warren Buffett’s new real estate franchise brand, Berkshire Hathaway HomeServices, buck the aging agent trend and connect with the perspective of a younger generation.

The Irvine, Calif.-based franchisor has selected 10 agents, all 35 years old or younger, to serve a two-year term on the “REthink Council,” from a pool of more than 40 applicants, based on their ideas and proficiency — transaction sides, sales volume and awards.

The council will provide input to BHHS leadership on how to connect with millennials, the 20- and 30-somethings born during the early 1980s through the turn of the century.

The new franchise network — which 51 brokerages have committed to affiliate with — wants to become an attractive brand for younger agents, and share innovative ideas with member brokers and the industry at large.

The dearth of younger agents was part of the motivation for establishing the REthinkCouncil. Millennials are not only scarce among the ranks of real estate buyers and sellers, but underrepresented in the ranks of real estate agents.

Agents under the age of 40 made up just 11 percent of the Realtor population in 2013, according to the National Association of Realtors’ 2013 member profile, down from 20 percent in 2003.

– See more at: http://www.inman.com/2013/12/12/warren-buffets-new-real-estate-brand-wants-to-learn-from-and-recruit-millennials/?utm_source=20131212&utm_medium=email&utm_campaign=dailyheadlinesam#sthash.f4OPAxYE.dpuf