i am starting a local real estate company (expanding an office with 10 branches) they do not have any brokers for me to use until i get my license-

any advice on how to recruit a broker i can trust who doesn't want to own it as well?

also, regarding franchises-i know i do not want c21, remax seems decent, i like weichert-any ideas?


D

I guess I would start to interview people and see where they all stand on the idea. Also, I like Coldwell Banker!! But that is who I work with!!


Good Luck

Amanda

This is a due diligence moment for you.

If you are going to go the franchise route, you REALLY need to get into it.

First you need to contact a bunch of different franchises. Get them to give you all the franchise info.

This is an absolutely HUGE decision. While getting some opinions here might be a good start (Maybe asking what folks honestly think of the franchise they work for), it should only be the most miniscule beginning of the process.

There are so many issues here ranging from their policies to you branding yourself, etc. that you really need to take some serious time.

I finally decided to go independent to start and continue reviewing my franchise options.

However, I have time since I won't be officially opening my doors till July 2007.

I think this might be along the same line of
"Renting a Broker?" --- What can anyone tell me about this....

I'm also in the process of getting my brokers license however it won't be for another 8 or 9 months and I really don't like where I am right now.

I've seen a lot of advertising for this type of brokerage firm... is it legal, and what are the fees?

yeah-that is exactly what i am doing-i am not a broker and don't have my license-so i am using their broker on a trasaction basis until i can sit for the exam

is this a common agreement with franchises? would love ur input...

I work for Keller Williams and love them. I don't know anything about franchising with them, but I can tell you that they're set up so that the broker doesn't have to do a whole lot after it's established. As the agency grows, they have a policy of implementing support staff such as team leader, trainer, and "first impressions team" which is a fancy word for secretary/receptionists. My branch has been open for approximately 8 years and started with 6 agents. It now has 260 agents, a full staff, and makes enough money to put a good bit toward profit sharing. I've never even met my broker/owner because I have all the support I need from the staff.

Robin