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I had many opportunities to buy an existing one or start my own, and I opted to ONE BETTER!! I managed and opened offices for Broker/Owners and negotiated a very desirable fee for that position and service..... WITH NO LIABILITY!!!!
negligent acts of the agent are binding on the master when done on the masters business and within the scope of the agent's authority......
Ryan Huggins - Thousan...
Thousand Oaks, CA
Miami Beach, FL
No, I haven't and have never really had the desire to do so. Managing all those agents is a bit like herding cats in my opinion!
Miami Beach, FL
Yes and perhaps again in the future, but I did tire of chasing and policing agents to follow protocols. Sell? The offer was too attractive to pass up.
San Jose, CA
The buck stops with you
I own it and build it each day.
I was partnereed in one when I first started - my partner turned out to be less than ethical
Hey MP, yes I did from 1998-2002. Be prepared to be an administrator. Sold it to live on a tropical island.
No I have enough on my hands trying to service my customers.
Michael J. Perry - not yet. However, make sure you have all systems in place for the agents working at this brokerage.
Since 1993. Stay educated, stay connected, lawyer up.
No, I would like to someday
I haven't done that yet, but I feel I'm destined for it.
Michael J. Perry. I really appreciate you asking this question. I have so much to learn because I just opened one
Nope..don't want the liability!
I own mine now. It is small and independent. I didnt like the fees of the big box outfits.
Have owned a consulting firm for nearly 30 years, no plans to sell or close at the present time.
I have never wanted the responsibility nor the headaches to own a brokerage.
I haven't but am thinking about being a broker in the future. Also as an agent I'm quite selective in finding a broker. I'd like my broker to be knowledgeable and not just someone who passes the broker exam with very little industry experience. I've come across some brokers with very little knowledge and some are unethical. Also, I would prefer a broker who is a little flexible instead of someone who is very regulated and policing all documents and even your commission checks. I've moved to a few brokerages and obvously left those who were not a good fit.
I did and sold.
Advantagewas agility to be a transaction architect.
Disadvantage: costs and care and feeding.
The REMAX model simply made the choice incredibly easy.
Not yet, but some day.
Michael J. Perry Yes. Be prepared to be chief cook and bottle washer. The overhead and compliance regs can be a full time job.
Sold the brokerage and moved. In order to maintain our high standards we found that we were micro-managing and spending too much time educating and putting out fires.
We now have a small buyer agency office with just our daughter. I cringe at the thought of having agents again. Life is easier and the money is better.
No, I haven't. But it's in my future plans, my family keeep pushing me to open my own brokergage firm.
I did for 10 years. The money isn't in owning the brokerage, it is in selling real estate.
I am an independent boutique brokerage. I would likely not sell however find a trusted agent to refer future business to for a fee.
Have my own, but no agents.
Still do and wouldnt have it any other way
No - chose not to
I would NEVER even give the option a thought. I respect everyone who thinks it's a great idea. Obviously I work for someone that feel that way.
Yes I have had a sole proprietor brokerage when it was the best avenue and managed for others when it fit the bill!
Yes. I have owned several. I sold the businesses to others.