A broker owner holds a broker's license, the tier above a salesperson's license, and operates a brokerage that employs or contracts other agents.
Log in to followA broker I know in a small land and rural market is sitting on a decision I find genuinely hard to call. He has nine agents. Four of them close, five don't. Over the last year he'…
I've been putting together a service business doing transaction coordination and compliance file prep, aimed at small brokerages and solo brokers who don't have admin. Talked to e…
First rental is coming so I'm not doing this, but a family friend is winding down a 22-agent brokerage and asked what it's worth. I said I had no idea and went looking. What I fou…
Spent an hour each with two brokerage owners this month and they gave me completely opposite answers to the same question. The first has six agents and closed 19 deals himself las…
Construction is what I know, so when I got my broker license the plan was obvious to me. A brokerage specializing in new construction resale and inventory listings, staffed by age…
I've been reading through how private money looks at service businesses and I can't get the brokerage math to sit still. The asset is a set of independent contractor agreements th…
I'm not a broker owner and I'm not licensed. I'm building a list of shops in my market because I'll need one eventually, and I've now sat in four recruiting conversations that all…
Short version for anyone thinking about this. I was on a 70/30 doing about $120k of gross commission a year, so I was handing over roughly $36k. That number sat in my head for a y…
I've been handed the books on two small shops by a friend who's thinking about buying one, and the numbers argue with each other. Shop A: 22 agents, $310k of gross commission inco…
I spent most of last year convinced the answer was my own brokerage. Ran the costs, talked to three broker owners, and ended up doing something less interesting that worked better…