Updated over 7 years ago on . Most recent reply
Starting a Brokerage vs Real estate team
I have been looking into Real estate for some time now. I have not been an agent in the past but I have interest in starting and managing a Real estate company. I have experience in marketing. However I am still looking into the right path to take. I see many agents starting "teams". My question is why. Wouldn't it be much better to build an asset you own that you can resell like a company?
How much do good broker's make ( With agents under them) on average.
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- Residential Real Estate Broker
- Edmond, OK
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I've been an agent for 4-5 years now, and so far the benefit of being a part of franchise or existing brokerage far outweighs the benefits. Our office books are open, and we (as top producing agents) make much more money that the brokerage does. It might make sense after you develop a team to open a brokerage, but there are so many things that make being a part of a bigger office worth it for now.
- Zach Sikes