Is your brokerage profitable?
April 6, 2008
Many brokers have to sell as agents or teams in order to make ends meet. A brokerage is not profitable unless it is stand alone profitable with out the income generated by the sales efforts of the broker. So where does your brokerage stack up? Real Estate Industry Watch is taking a survey.
To participate in the survey, you need to click whether or not your borkerage is profitable on our “survey section” on the right hand side of this page.
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Real Estate Quote of the Week
"I often hear remarks from agents like, “the bank sold that house really cheap - 30% below market value”. I don’t agree with that kind of statement. If various banks are the only sellers selling in an area and they are selling all of their houses at a perceived “below market” sales price - perhaps that IS the market for that product in that area. A good price fixes any of the various bad conditions. There is no good reason to take (or keep) a listing that isn’t going to sell."
Russell Shaw - in AgentGenius from Phoenix AZPolls
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In 9 years as a Broker, I’d have to answer that a Large Brokerage like REMAX or Century 21 must have selling agents - but don’t need selling Brokers. Smaller brokers, like mine, are essentially selling Brokers - as we continue to sell and NOT rely upon others efforts.