Virtual Brokerage
Anyone with a Virtual Brokerage Firm. If so, how do you like it?
Hi @Steve A. - how are you defining "virtual"?
Christina
No brick & mortar. Everything online. I don't hear many talk about it, and I am finding it hard to believe I am that much in-front with this.
@Steve A. Not sure how the laws are in North Carolina, but here in Ohio, the Broker must have a physical address. That doesn't mean that they have to be open to public traffic. I am an independent broker, and I have a home office, but not a place for my agents to do business. They all have their own home offices set up, and meet their clients either at properties, or in public places like Panera. I do maintain all the office docs (contracts, disclosures, etc.) in the cloud so they can be accessed anywhere. Each agent keeps their client files in the cloud as well, so we each have access to everything. (I keep a backup as well.)
There is a checklist for "active", "pending", and "closed" files, and in order for the agent to be paid their commission share on the transaction, they must include everything on the lists within the file. That ensures everyone in in compliance with the State in the event of an audit.
Each agent is 100% responsible for their costs of doing business, and because I have lower overhead, I'm able to offer a better commission structure to them. That said, I am 100% available to them when they have questions or concerns - as a responsible broker should be. Not sure if that helps to answer your question, or not?