Loreena and Michael  Yeo, Real Estate Agents (3:16 team REALTY ~ Locally-owned Prosper TX Real Estate Co.)

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Rainmaker
4,799,356
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Work but keep your eyes and ears open for good additions.

Oct 05, 2018 06:50 AM
Rainmaker
629,951
Ajay Pandya
e-Merge Real Estate - Columbus, OH
Realtor Ajay Pandya

I am growing my brokerage.

Apr 20, 2018 09:43 PM
Rainmaker
1,683,050
Larry Johnston
Broker, Friends & Neighbors Real Estate and Elkhart County Subdivisions, LLC - Elkhart, IN
Broker,Friends & Neighbors Real Estate, Elkhart,IN

Make sure you have good office help to take the burden off the agents first.

Apr 16, 2015 12:50 PM
Rainmaker
5,570,688
Barbara Todaro
RE/MAX Executive Realty - Retired - Franklin, MA
Previously Affiliated with The Todaro Team

hire one agent at a time, while you are still working.....this initial period is always a test...that agent may not pass the test!!!! 

Apr 16, 2015 05:11 AM
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Loreena and Michael Yeo
3:16 team REALTY ~ Locally-owned Prosper TX Real Estate Co. - Prosper, TX
Real Estate Agents

Roy, I appreciate the suggestion. I'm an independent brokerage for a specific reason. I also dont follow rules very well. So it's best for me to continue to stay as my own independent firm. 

Apr 16, 2015 02:28 AM
Rainmaker
6,374,903
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

I would first focus on bringing in agents that will be part of your team. They will expect you to be the rainmaker who will keep them busy with good prospects.

Consider the purchase of a franchise such as RE/MAX if you want to be a manager rather than a sales person. You must offer much to attract highly productive agents.

Apr 16, 2015 02:25 AM
Rainmaker
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Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

You should start hiring slowly and not wait till you are too busy.

Apr 16, 2015 02:14 AM
Rainmaker
1,624,372
Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West & Lend Smart Mortgage, Llc. - Carlsbad, CA
Presence, Persistence & Perseverance

You must multi-task and not sequentially tackle each level in order.

Apr 16, 2015 12:48 AM
Rainmaker
4,739,855
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

I actually am overwhelmed with work, and thought bringing on an agent or two would be best, but right now am too busy to even look or interview.   Good luck!

Apr 16, 2015 12:15 AM
Rainmaker
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James Dray
Fathom Realty - Bentonville, AR
Exceptional Agents, Outstanding Results

Having been there done that type of thing the first thing I would do is research and find training aids.  Then I would go after agents.  Like Debbie Reynolds said grow slowly but steady and you'll be successful...

Apr 16, 2015 12:08 AM
Rainmaker
869,401
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

Hire agents while you have the time to provide guidance.

Guidance!!! You had no intention of doing that...right?

In order to compete with REMAX for experienced agents you actually need something to offer. Be aware, if you are able to entice agents to jump ship because of lower office fees and splits, this IS NOT the agent you want. Their vision is too small.

As a boutique brokerage you have the opportunity to bring new agents to the pinnacle of this profession as transaction architects. a giant step above sales agent. 

As a boutique brokerage you have the opportunity to engage in business, establish business models, create horizontal and vertical markets big offices simply can not do.

Instead, what I see most often is a new broker offers predatory splits, provides no support, has no market vision, competes with agents and wonders why they can not get loyal agents.

DEFINE your business.

Show you are different. (one broker thought his car sales background would differentiate. It did, but not as he thought.)

Start with the genius test, it is fun, insightful, revealing and provides a great platform for understanding how folks will work together.

 

Apr 15, 2015 11:28 PM
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Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

Good question. Add agents a little at a time. Too many at one time upsets the synergy of the company and is hard to control. Make sure each agent fits and that you have a handle on the direction you want to go. It's like steering a boat and too much cargo can sink the boat without beefing up the infastructure. Slow and steady. 

Apr 15, 2015 11:24 PM