Hi! I just passed my BIC exams for NC and SC. I received my firm license for both states. I have been licensed for about 10yrs. I always had an entrepreneur spirit and want to grow. However I am not sure where to start and my business has slowed this year compare to last few years. Any advise?
Transaction fee brokers...i don't see how you survive. Unless you're using investment capital and giving investors ownership interest through shareholder in the company. Do the math. 250 Transaction fee x 2000 closings. That's only 500k a month. And 6 million a year. That's peanuts for even the smallest startups. It's downright ridiculous that the value proposition of ny new brokerages is transaction fees. Why assume legal risk and lawsuits of massive pools of agents for a transaction fee? It's just a discount broker if you ask me. Im not impressed with transaction fee brokers growth. Of course it's attractive to agents, but should we really be surprised that it's growing? Lol
Great questions! And thank you for answering them so candidly...
Interviewing top agents and brokers like this would be a great channel.
You know how to ask the right questions.
1:15 what made you want to get into real estate?
1:51 why start this brokerage?
2:32 what would you tell your past you?
9:18 what slowed you down?
11:00 how to add value to agents to make them stay?
12:55 why wouldn’t an agent just go out on their own?
Hi! I just passed my BIC exams for NC and SC. I received my firm license for both states. I have been licensed for about 10yrs. I always had an entrepreneur spirit and want to grow. However I am not sure where to start and my business has slowed this year compare to last few years. Any advise?
Basically it's all about finding opportunities everyday
this is not a how to start a brokerage video.
Great interview by the way!
20:50 why do agents leave?
5:45 best way to get agents ?
6:45 what’s current?
7:50 what surprised you the most about owning a brokerage?
2:49 Chills
Chilli
would you please help us by putting subtitles
I feel like there was less answering the question and more promoting the brokerage.
Transaction fee brokers...i don't see how you survive. Unless you're using investment capital and giving investors ownership interest through shareholder in the company.
Do the math. 250 Transaction fee x 2000 closings. That's only 500k a month. And 6 million a year.
That's peanuts for even the smallest startups.
It's downright ridiculous that the value proposition of ny new brokerages is transaction fees.
Why assume legal risk and lawsuits of massive pools of agents for a transaction fee? It's just a discount broker if you ask me.
Im not impressed with transaction fee brokers growth. Of course it's attractive to agents, but should we really be surprised that it's growing? Lol
You forgot to deduct overhead…rents, utilities, management, support, education, headaches, liabilities…for multiple locations in 9 states!
Not sure what you are mad for
@@sawyer_Benton mad? Nice try.
Watching this at the beginning of 2023 this just seems quaint.