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All Forum Posts by: Tory Keith

Tory Keith has started 0 posts and replied 13 times.

Post: Steps and costs to start a Real Estate Brokerage?

Tory KeithPosted
  • Real Estate Broker
  • Natick, MA
  • Posts 15
  • Votes 9

Lots of small costs that really add up - LLC/legal, accounting, marketing, website, dues, etc, and if you're going to bring on other agents it all gets more complex. I made a similar decision and am glad that I did but if I was only doing a couple deals a year it wouldn't have made sense. Feel free to PM me. I also have a couple of options that are appealing to agent/investors if you're interested in other possibilities.

Post: If I started a new brokerage firm...

Tory KeithPosted
  • Real Estate Broker
  • Natick, MA
  • Posts 15
  • Votes 9

Hi Brent, I did this and am happy to chat more. I worked as an agent and an investor for a long time and felt there was a lot to gain and to offer others by launching my own brokerage so it made sense. New brokerage has been up and running for 4 months, have 3 agents with me so far and am actively but selectively recruiting more - it's more important that they're a good fit than just increasing numbers. Be prepared for lots of time put into starting up, branding etc, and ongoing admin work (some can be delegated to an assistant once you reach a certain point). But there's a lot that a small, flexible independent office can offer agents that the franchises can't. Good luck!

Yes, call the town and utility company for water/electric/gas/oil. For landscaping and snow removal, call a few landscaping companies, give them the size of the yard and driveway or parking area and they should be able to give you estimates.