I work out of my home in Glenview, IL. I have 1 agent and I have a regular full time job. I need more buyers so I can do this full time.

I am in Ohio and I have 16 agent office and the main office is at my house. I have two rooms I use for my office and partial other room. We have conference calls once a week via phone for 1 full hour so I can update them on the market. We have training once a month that everyone is welcome, (old and new). For brand new agents that the get one on one (personal) training with myself (Broker) and 1 other veteran agent. I love it. The best thing is I do not have to be a greedy broker and charge 50% commission. When you have an office someone has to pay for that and who do you think it will be (agents). We have a scale that starts at 75% and after a total under $5,000 you get 90%. That is awesome and allows that agent to pay off their debts, homes, cars and such. We work at a TEAM. I am looking at property management and REO's and I will get an offsite office for that about 500 square feet, but guess what. We already have 26 contracts ready and it will pay for itself. Any other specifics, please ask.

I work from my home office and I just opened my own firm.
My main business is commercial,land,pre-foreclosures and investments.I am usually constantly on the phone or meeting developers,and or the people I am assembling land on for breakfast,lunch,or dinner.

There is something about eating that helps break the ice and loosen people up.

I don't really plan on recruiting agents and don't care to.My goal is to build a massive investment company and my investments to a point where they are self-sustaining and all I do is grow them.

YES! I am a new broker. Since very few people in my area rarely come to an office, I just could not justify the expense, time, etc. to lease an office.
I work mainly rural properties.
First 40 days had 20 listings, no contracts yet. Rarely show other broker's properties.
With cell phones, laptops, etc., why does one need an office, other than exposure and maybe some clients expectations.
Anyone else have opinions?
Marvin

I have been a broker for 7 years and I have had both a home office and an outside office. I set up the outside office to encourage my agents to work harder and to give them structure, which they said they wanted. That didn't work. So now it is just me and my home office and I am doing fine (except for the REO business with its slow pay system. I am part of a loose alliance of other small brokers and we cover each other when needed. Most clients prefer to have me come to them and I do so whenever possible, or, as others have mentioned, rely on a third party (library, title company, lender) when I need a place to do that. So far this had worked well.

Finally, although I have had clients come to my home, I prefer to not do that, simply for security purposes.

I work for a mortgage broker and i work from home.I have done both and i prefer to work from home. I don't need much office space because most of my interaction with my clients is at the closing table or at their home to sign paper (old fashioned). I enjoy it better than being at the office. I have everything I need a my home office.

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