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Updated almost 7 years ago on . Most recent reply

User Stats

417
Posts
171
Votes
Jordan Decuir
  • Rental Property Investor
  • Katy, TX
171
Votes |
417
Posts

Small, Local Broker vs Large, National Broker?

Jordan Decuir
  • Rental Property Investor
  • Katy, TX
Posted
I am interviewing brokers to make the decision around where to hang my license in a month or so. I have met with brokers from large franchises (Re/Max, KW, etc...) as well as small, local brokerages. Outside of commissions splits and desk fees, all of which I know now and can use to compare betweens brokers, What are the pros and cons of going with a large, nationally-recognized broker versus a smaller, lesser-known broker? Does the brand recognition that the big brokers tout matter that much in the RE business?

Most Popular Reply

User Stats

36
Posts
26
Votes
Maya Clark
  • Real Estate Broker
  • Oakland, CA
26
Votes |
36
Posts
Maya Clark
  • Real Estate Broker
  • Oakland, CA
Replied

#Jordan Decuir the only real downside to an active selling broker is that they may be too busy or not available when you have questions, training, and/or if you are looking for a mentor in the business.  I started with Remax then went to Coldwell Banker when I first got started in the business while I was finishing college. I always felt more like just another agent i.e. Agent #1001 not Maya Clark, an Agent. I also thought the training was too focused on promoting the brand then it was really teaching me.  I felt I got the best actual training when I joined the 1st independent brokerage.  Now as a Broker, I focus on training with my agents. I even have 2 KW Agents who come to my training because they are free #1 and focus more on building a business, systems & processes, contracts, compliance, and much more #2...just my experience and thoughts.

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