Definition
Floor duty, within the context of sales and particularly in real estate brokerage firms, refers to a scheduled time period during which a salesperson is mandated by office policy to be present in the office. The purpose is to accept phone calls and in-person visits from potential clients who do not have an existing relationship with any specific salesperson in the firm. The responsibility of floor duty typically rotates among the sales staff, ensuring that there is always someone available to assist walk-in clients and handle general inquiries.
Examples
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Real Estate Brokerage: In a real estate office, John is assigned floor duty from 9 AM to 12 PM on Mondays. During this time, he must remain at the office to answer calls and meet with potential clients walking in who inquire about real estate listings.
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Car Dealership: Emma, a salesperson at a car dealership, has floor duty every Wednesday afternoon. She must stay in the showroom to greet walk-in customers and answer any questions about the cars on display.
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Retail Store: At a high-end retail store, Alex is assigned floor duty during the busy holiday season to ensure that new customers receive immediate attention and assistance.
Frequently Asked Questions (FAQ)
What is the primary purpose of floor duty in a real estate firm?
The primary purpose of floor duty is to ensure that there is always a salesperson available in the office to handle walk-in clients or call-in inquiries from prospective clients who do not have a prior relationship with a specific salesperson.
How is floor duty typically scheduled?
Floor duty is typically scheduled to rotate among all sales staff members to ensure fairness and consistent availability of personnel to handle client inquiries.
Does floor duty exclusively apply to real estate brokerage firms?
While commonly associated with real estate firms, floor duty can apply to any sales-oriented business where walk-in clients or general inquiries need to be managed, such as car dealerships and retail stores.
Can a salesperson perform other tasks while on floor duty?
Yes, a salesperson can often perform other tasks during floor duty as long as they remain available to immediately assist incoming clients and callers.
What happens if a salesperson secures a client during floor duty?
If a salesperson on floor duty secures a client, they typically manage this new relationship, and the client becomes part of their portfolio. The specifics can vary based on the firm’s policies.
Is floor duty considered a desirable scheduling assignment?
Opinions vary among salespeople. Some may find it advantageous for meeting new clients and boosting sales, while others may see it as a disruption to their other activities.
Related Terms
Open House
An event conducted by real estate agents where a property that is for sale is open for viewing by potential buyers at a scheduled time without the need for an appointment.
Listing Agent
The real estate agent who represents the seller in a transaction. The listing agent markets the property and manages the interests of the seller.
Buyer’s Agent
A real estate professional who represents the buyer in the transaction. The buyer’s agent helps the buyer find a property, negotiate terms, and navigate the purchasing process.
Lead Generation
The process of attracting and converting strangers and prospects into someone who has indicated an interest in your company’s products or services.
Online References
- National Association of Realtors (NAR)
- Real Estate Business Institute (REBI)
- Indeed Career Guide on Real Estate Agents
Suggested Books for Further Studies
- “Your First Year in Real Estate” by Dirk Zeller
- “The Millionaire Real Estate Agent” by Gary Keller, Dave Jenks, and Jay Papasan
- “Real Estate Prospecting: The Ultimate Resource Guide” by Brian Icenhower
- “Real Estate Success in 5 Minutes a Day” by Karen Briscoe
Fundamentals of Floor Duty: Real Estate Basics Quiz
Thank you for exploring the concept of floor duty in the realm of real estate and sales. We hope this guide, along with the quiz, helps deepen your understanding of client management responsibilities within sales environments.