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 followI'm still working out where I fit in this industry and I keep circling back to the brokerage side rather than the agent side. What I can't find is a plain number for startup. I've…
Running the numbers on what a brokerage needs to clear before the owner takes anything, and it looks like the answer is headcount, not skill. Say fixed overhead of 12k a month, so…
I'm looking at the lending side rather than running a firm, so my interest here is what a brokerage's balance sheet and liabilities look like from the outside. Someone told me a b…
Just started so forgive the framing, but I've been reading brokerage P&Ls people post publicly and something bothers me. A firm on a 70/30 split earns 30 percent of a variable num…
I run thin and fast, mostly my own listings and a few buyers, and the money I make is the money I close. So the broker owner idea only makes sense to me if I keep producing while…
Brokerage ICAs might be the strangest documents in this business, and I spend a lot of time in the paperwork nobody else reads. The agreement says the agent controls their own hou…
I'm trying to understand where the money actually comes from in a brokerage. My understanding, which is probably half wrong: an agent has a salesperson license and has to hang it…
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…