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#368459 - 02/28/11 11:51 AM Re: future of small real estate brokers [Re: Kristi Leak]
Jeanette Wilson Offline
Junior Member

Registered: 02/28/11
Posts: 2
Loc: Queens, New York
Hi.. I am thinking of switching to a 100% brokerage in the NYC area. Can anyone give me some information on which ones are the best or worst. I don't want to keep switching between offices so I want recommendations if possible. Thanks.

#369776 - 03/14/11 04:38 AM Re: future of small real estate brokers [Re: shubh]
Downelle22 Offline

Registered: 03/14/11
Posts: 12
Loc: New York City
If you don't have enough money to invest for big company. Just keep on dealing with small business scheme. Getting minimal clients can give you big profits for you to start big company.

#372146 - 04/08/11 09:39 PM Re: future of small real estate brokers [Re: droll]
m.s.Woods Offline

Registered: 12/11/09
Posts: 92
Loc: Indianapolis, IN
I own a 40 agent non-franchised brokerage in Indianapolis, Indiana. The majority of our business is developed through our web presence and IDX display of listings. Business is great with no signs of slowing down.
Michael Woods, owns m.s.Woods Real Estate, LLC located in Indianapolis, Indiana. We help people buy and sell homes throughout central Indiana.

#372492 - 04/13/11 04:54 AM Re: future of small real estate brokers [Re: shubh]
dubai property Offline

Registered: 08/26/10
Posts: 24
Loc: UK
I also notice that brokers want the easy way to get more profit in real estate market which is totally wrong. Current economic climate condition is not satisfactory for small real estate brokers. If this condition remains continued then surely small broker will disappear from real estate market.

Edited by REODayton (04/26/11 11:29 AM)

#373788 - 04/26/11 06:40 AM Re: future of small real estate brokers [Re: shubh]
dubai property Offline

Registered: 08/26/10
Posts: 24
Loc: UK
In my personal opinion, future of small real estate investors is not very good because of global recession of real estate market. A big example of recession is :Link removed

Edited by REODayton (04/26/11 11:30 AM)

#375285 - 05/09/11 09:55 PM Re: future of small real estate brokers [Re: Ryan O'Neill]
lester led Offline
Junior Member

Registered: 05/09/11
Posts: 1
Loc: United States
you are correct but some broker have discounts.

Edited by lester led (05/09/11 10:02 PM)

#378166 - 06/06/11 02:31 AM Re: future of small real estate brokers [Re: shubh]
HomesByLender Offline
Junior Member

Registered: 06/03/11
Posts: 4
Loc: USA
Small real estate brokerages are running out much improved than self-governing franchise. Many of the superior franchise brokerages do not give any time of lead support which is critical in this kind of market.
For the more information and interest check out my website.

#378530 - 06/08/11 05:02 PM Re: future of small real estate brokers [Re: HomesByLender]
ElkGrovePro Offline

Registered: 04/11/07
Posts: 164
Loc: CA
REODayton-thanks for deleting that link. cool Some of the posts here are obvious spam and on top of that are incoherent and meant simply to be used as a link to other commercial interests off of this site.
"It is not the strongest of the species that survive, nor the most intelligent, but the one most responsive to change"-Charles Darwin

#399293 - 01/19/12 11:52 PM Re: future of small real estate brokers [Re: shubh]
Propert in Dubai Offline
Junior Member

Registered: 01/19/12
Posts: 6
Loc: Ajmaan,Dubai
I do agree with you that it is very hard to survive in this economic state but for small brokers, it is not so hard. You must be acknowledged about this field and with the time being you will get an attractive amount from it.

#405753 - 04/27/12 12:54 PM Re: future of small real estate brokers [Re: Hanz Investments]
shurdul Offline

Registered: 04/26/12
Posts: 47
Loc: USA
[quote=Hanz Investments]This may be a stupid question but when you offer 100% commission how do you make money? Are you charging an upfront fee with 100% or ???? [/quote]
I am also looking for this question.

#405841 - 04/29/12 10:34 AM Re: future of small real estate brokers [Re: shubh]
super realtor Offline
Major Contributor

Registered: 05/01/05
Posts: 8596
Loc: georgia
Monthly brokerage fees and a per transaction fee.

#405865 - 04/29/12 08:16 PM Re: future of small real estate brokers [Re: shubh]
Scintillion Offline

Registered: 01/26/12
Posts: 437
Loc: Colorado, USA
Like with any other industry, those who are able to adapt to the changing times will survive and thrive. In real estate, if you are able to offer services and benefits that your competition doesn't - you should do well. With that said, many smaller real estate brokerages will probably be feeling the pinch in the coming years.

#405986 - 05/01/12 01:25 PM Re: future of small real estate brokers [Re: Scintillion]
Bay Area Brian Offline
Veteran Member

Registered: 06/09/07
Posts: 613

As a new broker it was being small that provided the business, and when times got a little tougher I could operate lean and mean and several of the top big offices couldn't bear the overhead weight and sank like the titanic, and I quickly scoured the MLS for their present and past clients and added hundreds to my database and future business, along with several good agents.

#406007 - 05/01/12 08:01 PM Re: future of small real estate brokers [Re: Bay Area Brian]
VABroker Offline
Veteran Member

Registered: 11/02/10
Posts: 1082
Loc: Virginia
I enjoy being 'the little guy'. I have yet to meet an agent in my area who has gone out on their own to set up their own little shop (one-man bands for the most part) who doesn't enjoy it.

Small doesn't mean less.

#406019 - 05/02/12 01:32 AM Re: future of small real estate brokers [Re: shubh]
Andy Perkins Offline

Registered: 05/14/10
Posts: 317
Loc: Los Angeles
As Brian pointed out, if my business were to drop substantially I have pretty much zero overhead to worry about. One average transaction per year more than covers all of my fixed operating costs. So I can be picky about which clients and properties I decide to work with, and still make a very good living. Bottom line is that I need less, so I can give my clients more.

Being my own little independent shop is definitely great, and I have no regrets about going that route. I don't have to worry about following anyone else's office policies, I don't have to pay nickel-and-dime transaction fees to someone, and I can run things exactly the way I want to. If my local market suddenly shifts, I can instantly change the way I do things.

When I need extra help, it's there. All I need to do is call up any of several other independent brokers I know. Our loose affiliation is invaluable when I need it, and we're happy to help each other out when the need is there; on the other hand, I'm not chained to anyone when we don't need each other's help.

As emerging technologies change our field, I see there being less and less need for brick-and-mortar operations, and therefore less need for the big brokerages. Lean and mean is definitely the way to go.

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