Michael J. Perry, Lancaster, PA   Relo Specialist (KW Elite )

Spam prevention
Rainmaker
4,877,762
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

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......

Oct 30, 2016 09:23 PM
Rainmaker
2,982,593
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

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!

Oct 30, 2016 09:54 PM
Rainmaker
1,523,697
Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West & Geneva Financial, Llc. - Carlsbad, CA
Presence, Persistence & Perseverance

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.

Oct 31, 2016 12:20 AM
Rainmaker
2,426,599
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

The buck stops with you

Oct 30, 2016 11:12 PM
Ambassador
1,613,518
Harry F. D'Elia
RentVest - Phoenix, AZ
Investor , Mentor, GRI, Radio, CIPS, REOs, ABR

I own it and build it each day.

Oct 30, 2016 11:08 PM
Rainmaker
823,788
Jennifer Mackay
Counts Real Estate Group, Inc. - Panama City, FL
Your Bay County Florida Realtor 850.774.6582

I was partnereed in one when I first started - my partner turned out to be less than ethical

Oct 30, 2016 10:15 PM
Rainmaker
845,955
Marco Giancola
Beachfront Realty - Miami Beach, FL
Realtor (305)608-1922, Miami Beach Florida

Hey MP, yes I did from 1998-2002. Be prepared to be an administrator. Sold it to live on a tropical island.

Oct 30, 2016 10:07 PM
Ambassador
1,769,715
Noah Seidenberg
Coldwell Banker - Evanston, IL
Chicagoland and Suburbs (800) 858-7917

No I have enough on my hands trying to service my customers.

Nov 06, 2016 12:37 PM
Ambassador
4,298,326
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Michael J. Perry - not yet. However, make sure you have all systems in place for the agents working at this brokerage.

Oct 31, 2016 03:40 PM
Ambassador
2,345,139
Fred Griffin presently on Leave of Absence
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

Since 1993.   Stay educated, stay connected, lawyer up. 

Oct 31, 2016 02:29 PM
Ambassador
3,047,115
Paul S. Henderson, REALTOR®, CRS
RE/MAX Northwest. - Tacoma, WA
Tacoma Washington Agent/Broker & Market Authority!

No, I would like to someday

Oct 31, 2016 01:05 PM
Ambassador
2,188,650
Debbie Laity
Cedaredge Land Company - Cedaredge, CO
Your Real Estate Resource for Delta County, CO

I haven't done that yet, but I feel I'm destined for it. 

Oct 31, 2016 11:51 AM
Rainer
12,788
Aaron Mtuanwi
LBBM Brokers, Inc - Lawrenceville, GA
INSPIRED TO SERVE Atlanta, GA [Metro Atlanta Area]

Michael J. Perry. I really appreciate you asking this question. I have so much to learn because I just opened one

Oct 31, 2016 10:38 AM
Rainmaker
3,767,046
Dorie Dillard CRS GRI ABR
Coldwell Banker United Realtors® ~ 512.750.6899 - Austin, TX
Serving Buyers & Sellers in NW Austin Real Estate

Nope..don't want the liability!

Oct 31, 2016 10:32 AM
Rainmaker
3,977,733
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

I own mine now.  It is small and independent.  I didnt like the fees of the big box outfits.

Oct 31, 2016 08:23 AM
Ambassador
4,066,905
Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

Have owned a consulting firm for nearly 30 years, no plans to sell or close at the present time.

Oct 31, 2016 06:00 AM
Rainmaker
4,796,557
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

I have never wanted the responsibility nor the headaches to own a brokerage.

Oct 31, 2016 04:51 AM
Rainmaker
353,078
Susie Kay
Ultima Real Estate - Plano, TX
North Dallas Specialist

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.  

Oct 31, 2016 04:51 AM
Rainmaker
745,197
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

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.

Oct 31, 2016 04:30 AM
Rainmaker
1,213,009
Ryan Huggins - Thousand Oaks, CA
www.HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Not yet, but some day.

Oct 31, 2016 03:53 AM
Rainmaker
1,367,627
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Michael J. Perry Yes. Be prepared to be chief cook and bottle washer. The overhead and compliance regs can be a full time job.

Oct 31, 2016 02:23 AM
Rainmaker
526,069
Mike & Eve Alexander
Buyers Broker of Florida - Orlando, FL
Exclusively Representing ONLY Orlando Home Buyers

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.

Eve

Oct 31, 2016 01:37 AM
Rainmaker
360,620
Abby Stiller
REMAX Realty Group - Cape Coral, FL
Professional Bilingual Realtor (239) 284-8637

No, I haven't. But it's in my future plans, my family keeep pushing me to open my own brokergage firm.

Oct 31, 2016 01:21 AM
Ambassador
3,981,968
Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

I did for 10 years. The money isn't in owning the brokerage, it is in selling real estate. 

Oct 31, 2016 12:59 AM
Rainmaker
2,765,939
Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale-Probate & Trust Specialist

I am an independent boutique brokerage.  I would likely not sell however find a trusted agent to refer future business to for a fee. 

Oct 31, 2016 12:40 AM
Rainmaker
725,370
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

Have my own, but no agents.

Oct 31, 2016 12:23 AM
Rainmaker
2,945,212
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

Still do and wouldnt have it any other way

Oct 31, 2016 12:08 AM
Rainmaker
3,049,971
Tony and Suzanne Marriott, Associate Brokers
BVO Luxury Group @ Keller Williams Arizona Realty - Scottsdale, AZ
Serving Scottsdale, Phoenix and Maricopa County AZ

No - chose not to

Oct 31, 2016 12:07 AM
Rainmaker
1,508,764
Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg IL Real Estate

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.

 

Oct 31, 2016 12:01 AM
Rainmaker
3,173,507
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Yes I have had a sole proprietor brokerage when it was the best avenue and managed for others when it fit the bill!

Oct 30, 2016 11:31 PM
Rainmaker
5,272,020
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Yes. I have owned several. I sold the businesses to others.

Oct 30, 2016 10:35 PM
Rainmaker
4,432,093
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

no

Oct 30, 2016 09:27 PM