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Updated almost 6 years ago on . Most recent reply

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19
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6
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Frank J.
6
Votes |
19
Posts

Broker provide leads to his agents?

Frank J.
Posted

I joined a small office this summer and slowly realized that the broker does not do much for the office to provide any leads or new business. We have relationships with some property managers that we do rentals here and there but these listings are not exclusive so basically any office could get them. 


There are 3 agents in the office but only one agent who has been there the longest seems to get all the leads since he has been there for awhile. My broker does not really advertise anywhere to get new business and walk-ins are non existent.

I understand real estate is a business that you need excel on your own but I think I do need one needs some sort of support from the office who he pays 50% commission on deals. 


Is this normal? Im trying to get a perspective from others and see if I need to change office or not. 

Thanks

Most Popular Reply

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579
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225
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David Hunter
  • Residential Real Estate Agent
  • Cleveland, OH
225
Votes |
579
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David Hunter
  • Residential Real Estate Agent
  • Cleveland, OH
Replied

Sounds like the first time I got into the business back in 2005... My first day at the office the broker said, "here's your desk and phone, good luck."  hahaha

With that, never-EVER count on anyone to get you leads except for yourself.  Start marketing.  Find areas to farm and send postcards via the USPS's Every Door Direct Mail (EDDM).  Make phone calls if you're not afraid to pick up the phone.  Do open houses.  Advertise online.  And... not sure how well this will work since you're in such a small office but... ask the other agents in your office that are doing good business if you could get any leads from them.  They may have buyers/sellers/renters that they just don't want to work with or aren't in the price ranges they want to work with.

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