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WE work on a i will do your stuff I you do mine. We don't compensate UNLESS the helping gets lopsided.
Richard Robibero, e-Pr...
Thank you for the reminder. It depends on what they do while I am away.
From a paperwork standpoint, I'm in good shape, using my smartphone, iPad and Surface while I travel, but the issue is showings. I've been speaking with my agents lately about this and while they are always there for each other and for me, there is a question of compensation that needs to be addressed. Some feel like William Feela does (I help you and someday you will repay the favor, gratis), but some would like some sort of compensation, whether it be an hourly rate for showings or a percentage of the commission. I'm going to address this at our next meeting and come to a consensus.
Debbie, that I do not have my Business is way too critical but I do have a very strong team and with my business, I still need to work on Vacation or when I travel the United States to attend major Conventions and Seminars...I am always at all times Monitoring my Business and rest assured that it is ran correctly and I'm on standby for any given emergency at all times. So...my definition of Vacation maybe a little different, it's traveling, yet working at the same time. Have a great day!
I have not taken a vacation in over three years, I suspect that it might be time :)
Going to Georgia in July and right now there is no other broker so it will be a working vacation....
I'm not taking a vacation.
Debbie, we notify our non-urgent buyers that we will be away for "x" days and to please inquire after we return. We have agents we just trade vacation work with for offers on listings or urgent buyers. Seems to work well. No compensation.
Always and it is either on a percentage basis if it is something where a contract is to be produced, or a flat fee for follow up.
It's a family business for me so we are extremely lucky to not have to worry about compensation.
I like William Feela 's approach. You help me and I'll help you and if the helping is lopsided one way or the other you step up and compensate your backup. Else he may not be your backup for long!
Vacation? What's that? It's been full on real estate and we haven't even discussed a vacation. Maybe it's time. When we're out of pocket for a couple of days we both take phones and laptops and never stop working.
Vacation time? What vacation time? Not going anywhere until mid-October!
Rain Silverhawk and I work well together and trust one another explicitly. A cheese burger with no tomato's usually takes care of Rain and I prefer no pickles. Continue with a great week Debbie
Excellent question. As the broker, I would include vacations in the "policies and procedures" of the brokerage. Why? Because the reputation of the brokerage is on the line if clients are not treated correctly. I remember last summer when I ended up with a buyer who could not get hold of a listing agent who was on vacation. And THEY were only in town for a few days. After they asked me for assistance, even I could not get hold of her. And NONE of the other agents of that brokerage helped me to get some answers. They just kept saying, "we've left a message for her". Well, we moved on and they purchased another home over that weekend. My suggestion? Have another agent at the brokerage cover for you, splitting commissions if a buyer comes up.
We do most of our work while on vacation with laptops, cell phones, docusign and emails. Our clients work with us while we are away. If something new comes in, our assistant will assign it to one of our other agents.
Debbie Reynolds work with a colleague who always helps - no monetary compensation expected by him!
Except for a few weekend trips, I probably won't be traveling this summer. I will stay close to home and man the office while the other agents are traveling. In my office, we all work together to help each other out.
I have a very good friend (with a different company) that operates just like me, and we watch each other's business. We generally do this for free for each other but if we have to write an offer, there is a 25% referral owed.
I let them take the leads that come in with a 25% referral to me. If it doesn't work out then I will pay them extra. But they should get a couple of good leads for 7 days of work
When I refer business to other agents, they receive the commission and I receive a referral fee.
Some agents pay an hourly fee for agent coverage.