Chad Carroll is broker of Douglas Elliman’s The Carroll Group working in Miami.

Every week, we ask a Miami real estate professional for their thoughts on the top three stories from the week before. This week, we spoke with Chad Carrol, star of Bravo’s “Million Dollar Listing: Miami” and broker of The Carroll Group, a Douglas Elliman team. 

Miami Agent (MA): As the man behind the successful The Carroll Group, an arm of Douglas Elliman, what is your process for identifying and subsequently recruiting top talent?

Chad Carrol (CC): I am always looking for ways to expand my business. I have expanded my team which now includes agents who speak multiple languages and specialize in different areas from Miami to Palm Beach. There isn’t an area that we don’t cover. Many agents only focus on a small region but that’s were we differentiate ourselves. We can sell any property you put in front of us.

MA: What are some strategies you employ for keeping the homebuying and selling process as cost-effective as possible?

CC: I am always looking for ways for my clients to save money. The key is to buy right. If you cost basis is low the client will come out ahead in the long run. I utilize the relationships I have built up over the years to ensure my clients are getting the best deal possible.

MA: Miami’s inventory struggled in 2014, but recent reports suggest it may be stabilizing. Where do you see inventory going in 2015?

CC: I believe inventory levels will shrink throughout 2015 as demand remains high. Going into 2016 there will be an influx in inventory as many of the new developments are complete and investors look to cash out on there investments. This may cause a temporary dip in sale prices until inventory is stabilized again.