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March 06 2018
In 2013, WAV Group performed the most comprehensive research on responsiveness to consumer leads on broker websites. At the time, more than 50 percent of consumer inquiries were not responded to at all! For those that did respond, the quality of the response was very low and the time to respond was about 15 hours. The research highlighted an enormous disconnect between the efforts of brokers to drive consumer engagement though marketing and the problem with conversion.
Since the paper, we have seen a few trends emerge. Zillow has created a center of excellence around concierge services to connect consumers from their websites with agents in real time. Zillow is the first responder and endeavors to make a live hand off to Zillow Premier Agents. Howard Hanna and others have adopted the offering of live operators too. It's working! But the expense of operating these call centers is significant, averaging about $58,000 in full-time employee costs.