@Justin Repp KW operates in may market, so they are a direct competitor to my brokerage, so I would not be able to affiliate with KW.

If manager exceeds metrics, we pay them a bonus; if manager meets metrics, we pay the base management fee; if they fail the metrics, we withhold a % of their fee, the amount of the % based on the level of their poor performance.Now, we put out an RFP asking competitors to bid on these terms and a lot of them refused.  

We further validate our reputation by the recognition of our industry leaders and ACTUAL competitors, by the numerous awards and accolades we have received from them consistently over the years.  

I understand that you might run the risk of getting in trouble if you take on a very similar LLC name to a competitor in the same market space.

They not only charged me 4 points for the acquisition, but, according to the HUD, I was billed for the "Repair Credit Line" that they tout out as what sets them apart from their competitors.

For me, I would rather have a partner than a competitor for two reasons.  

This is one of the reasons so much miscommunication happens in the world today.In my version, there are 4 main personality languages. 1)Emotional action taker (35% of population)2)Relationship builder (35% of population)3)Data gatherer (15% of population)4) Competitor (15% of population)Each one has their positives and negatives, their own quirks and their own language.You could literally say, "good morning," to them and each personality would hear something different.

Virtually every non-crowdfunded hard money fund discloses their portfolio and default rate, because that's how they prove that the investor should put their money with them and not a competitor.

DocuSign works great for being able to sign a contract on your smart phone with a swipe of your finger but they charge $30 per month for this service.

It's one of your competitors.