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Updated over 1 year ago on . Most recent reply

Brokers: How do you recruit realtors to your brokerage?
Hi BP:
I have been a Real Estate Salesperson for roughly three years. I am in the process of taking courses to take my broker's exam. My goal is to become a Broker in the next four months. With that being said, how do you attract/recruit agents to your firm? I asked myself that same question and why I joined the firm I'm with now. The reason was because I have a friend who works in the same office and I knew it would be beneficial to have them and the broker for support.
Below are my reasons why a Real Estate Salesperson would join a brokerage.
- Training
- Commission Splits
- Office fees (desk, printer, E&O, etc)
- Marketing
- Brand Awareness
- Community Presence
Thanks
Most Popular Reply

Let's take a typical situation with a high split agent, and your brokerage is a franchise. Of the 100% of the commission, 90% goes to the agent, 6% goes to the franchise free and only 4% of the gross commission becomes money to the broker....to cover staff, office space, marketing, e&o, liability insurance, technology, and all the other costs.
Many brokerages actually operate at a loss, and the brokerage becomes a loss leader to feed their other businesses such as title, lending and insurance where profit margins are not as thin.
- Russell Brazil
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- (301) 893-4635
- Podcast Guest on Show #192
