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Updated about 7 years ago on . Most recent reply

User Stats

80
Posts
10
Votes
Chris Lynch
  • Commercial Real Estate Agent
  • East Providence, RI
10
Votes |
80
Posts

Starting a Brokerage vs Real estate team

Chris Lynch
  • Commercial Real Estate Agent
  • East Providence, RI
Posted

I have been looking into Real estate for some time now. I have not been an agent in the past but I have interest in starting and managing a Real estate company. I have experience in marketing. However I am still looking into the right path to take. I see many agents starting "teams". My question is why. Wouldn't it be much better to build an asset you own that you can resell like a company?

How much do good broker's make ( With agents under them) on average. 

Most Popular Reply

User Stats

448
Posts
180
Votes
Zach Sikes
  • Residential Real Estate Broker
  • Edmond, OK
180
Votes |
448
Posts
Zach Sikes
  • Residential Real Estate Broker
  • Edmond, OK
Replied

@Chris Lynch

I've been an agent for 4-5 years now, and so far the benefit of being a part of franchise or existing brokerage far outweighs the benefits.  Our office books are open, and we (as top producing agents) make much more money that the brokerage does.  It might make sense after you develop a team to open a brokerage, but there are so many things that make being a part of a bigger office worth it for now.

  • Zach Sikes

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