HomeLight's algorithm matches you with qualified referrals who are serious about buying or selling.
What does HomeLight's algorithm look for in an agent?
HomeLight's algorithm looks at the following metrics when matching agents with buyers and sellers.
- Geographic, property type, and price point expertise based on historical transactions
- Transaction volume by year
- Average sale price vs average listing price
- Average days on market
- Qualitative customer reviews from prior clients
- Fast initial response to HomeLight referrals and timely updates through the HomeLight agent portal
- Success rate with HomeLight referrals
FAQs
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I just signed up, why am I not receiving HomeLight referrals?
HomeLight is unable to provide a timeline of when you are going to start receiving referrals, however, the following items are the minimum requirement needed on your profile to be competing with other agents.
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- Your referral agreement has been signed.
- Transaction history from the past 3 years have been uploaded and verified on HomeLight. For detailed instructions on how to upload and verify your historical transactions, click here.
- It is encouraged to complete the checklist in your profile in order to maximize your chances of receiving referrals. For further information on how to complete your profile, click here.
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I'm an existing agent, why haven't I received a referral in a while?
You can raise your HomeLight ranking and increase your referral potential by improving the performance metrics that make you a great real estate agent.
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- HomeLight focuses on how quickly you are responding to HomeLight referrals, it's suggested to respond to a new referral within 5 minutes of receiving the notification.
- HomeLight focuses on your success rate with our referrals. Making stage updates when possible on all current referrals within your HomeLight portal is important to let the algorithm know how you're doing with the clients we are sending you.
- Ensure your transaction history has been updated to the current date. For detailed instructions on how to upload and verify your historical transactions, click here.