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 writing this as somebody who did the entire buildout of a business that never took a client. The plan was a small independent shop, eight to ten agents, in a suburban market w…
Posting this because most of what I read about opening a shop assumes an office and a roster. Mine has neither. Background: I sell rural land, mostly 10 to 160 acre parcels, and I…
I posted here a year and a half ago about modeling a brokerage to death and never opening it. Opened it. Here's what actually happened. Year one, ending last month: 5 agents inclu…
The pitch was 11 agents, a recognizable local name, and a founder who'd been in the business 14 years. I looked at agent count and closings and thought I understood the business.…
I took the job because I wanted to learn the business from inside and I had no production of my own to protect. Comp was $2,400 a month plus 3% of the company vesting over four ye…
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…
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 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…