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Updated about 9 years ago,
Taking over family owned business
Hi,
I am taking over a 20 year old family real estate brokerage business. I am new to the real estate business but I have had a RE brokers license for some time and never used it. The business is located in Brooklyn New York and there will be roughly 3 agents working with me It is mainly a commission based on sales and rentals fIrm and though it has survived the last 20 years it needs new business model ideas.
I am interested in responses which can give me ideas on how to generate new income and use technology to achieve this. What other avenues can I pursue in the Brooklyn New York area besides commissions based on sales and rentals? What other options are there available to me out there?
As I mentioned, I am new to this so any advice would be helpful and I know this is the place to reach out for guidance and advice.