If you haven’t heard of this brokerage yet, you will soon: JP and Associates Realtors is the fastest growing brokerage in DFW out of all the top brokerages. They are on track to close a billion dollars of real estate in 2016, and they show no signs of slowing down (they’ve been using the hashtag #1B16 on social media to track their growth).
In the last two years, JP and Associates Realtors has grown by a jaw-dropping 1000 percent. They have had an office in Uptown for years, but now are moving to a bigger and better location for agents and clients. They also opened a Southlake office two weeks ago and a Pilot Point office last week. So that makes ten DFW offices in almost five years, in addition to Austin, Houston, and Manhattan offices. Wow.
The founder, JP Piccinini launched his firm with only two associates out of his Frisco home in November 2011. Driven by a desire to be the best in the business and create a company where productivity and service was key, JPAR now has close to 500 agents with applicants calling every day.
So why are agents flocking to work with this Italian-born immigrant? Because he’s created an exceptional work environment. A true full-service brokerage at a transaction fee cost, where its culture is that of productivity and service to the community and to its fellow agents.
“I was an agent, and I know what agents want as an agent,” said Piccinini. “You always have to benefit the agent more than the broker. I know what I wanted as an agent and we have it right here at JPAR.”
What does he have? A 100-percent commission operation for agents. Training, technology, and ten productive North Texas offices, including:
- Frisco (two offices, including corporate headquarters)
- Fort Worth
- Pilot Point
These office are contemporary and chic, not heavy on square footage, and not overhead hogs.
“Our biggest office is 2,000 square feet,” said Piccinini. “JP and Associates Realtors is a company designed to exceed expectations of agents and clients.” Just take a look at this video and see for yourself!
“I never get tired of hearing new agents say, “Wow! This is better than I expected,’” he said.
One of the impressive accomplishments of this young brokerage is that they made the exclusive Real Trends 500 list already after only three years in business. Currently ranked as of 2016 in the top 500 brokerages in the nation for transactions and volume, they look to be a contender for being the fastest growing brokerage in the US for 2017.
JPAR is seeing a 90 percent retention rate on agents in an industry we normally see approximately 50 percent. Anecdotal estimates have said as many as 50 percent of new agents never make it through their first year as an agent. But I have heard, and read, that it may be more like 80 percent:
“The success rate [of new agents] seems to be fairly abysmal,” said Jay Niblick, co-founder and president of WizeHire. “It’s really surprisingly hard to find exact stats…but everyone we’ve talked to quotes an 80 to 90 percent failure rate. The question is why.”
“I love JPAR because of the business model and support system that helped me grow my business very quickly,” said JPAR agent Trenton Johnson. “I closed over 30 sales in my first year.”
JPAR is a brokerage that lets agents keep more of their hard-earned commission and invest that money back into their business, while still getting top training and state-of-the-art technological support.
Agents truly love working with JPAR. New or experienced, they all seem to share the same passion for the real estate industry as JP does. As one agent said, “I have been in real estate since 1995 and I have seen my business grow tremendously.”
And growing they are, with unparalleled growth in the DFW market, and some of the fastest in the nation.