Special offer
William Piotrowski, Just Call William 630-881-8655 (Diamond Residential Mortgage Corporation )

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Rainmaker
4,272,934
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

Put all understandings in writing...

Feb 08, 2017 07:15 PM
Rainmaker
3,988,013
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

There is no right or wrong way to partner. The important thing is that you reach an agreement, get it in writing and then agree to review it at a certain date.

Feb 08, 2017 07:40 PM
Rainmaker
1,624,653
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • GRI • HAFA • PSC Calabasas CA

I worked in such environment, we distributed our responsibility from start, but occasionally backed up one another. I actually really like working as a team where you are partners. 

Feb 09, 2017 12:11 AM
Rainmaker
1,553,094
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
CEO of Vision Drive Realty - Coastal San Diego

I haven't found one yet and I've tried two with partnership agreements and attorneys, etc. Alliances and teams work better for me. I have both and they work fine more than 6 years now.

Feb 08, 2017 07:39 PM
Ambassador
6,416,959
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

I am not a fan of equal partnerships, best to have one in charge and responsible.  While still taking advice and frequent input from the junior partners.

Feb 08, 2017 07:19 PM
Rainmaker
2,191,738
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

Partnerships have about the same Success Rates as Marriages !

Feb 09, 2017 07:12 AM
Rainmaker
921,504
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

Model that is most successful?

The one that results in only one cook in the kitchen.

Power is the most difficult of all things to relinquish. Remaining relevant, by asserting power, can be disruptive, if not destructive to what must be a harmonious enterprise.

Which business model is depend on the vision that is guiding then. Is the vision to capture as much of a newbie agents $12,000 or to create transaction architects? These models do not coexist.

Feb 09, 2017 04:31 AM
Rainmaker
5,112,371
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

The most successful business model is the one that works for the two brokers. I'm not a big believer in partnering this way... have seen it not work more often than work.

Feb 09, 2017 04:17 AM
Rainmaker
2,245,575
Andrew Mooers | 207.532.6573
MOOERS REALTY - Houlton, ME
Northern Maine Real Estate-Aroostook County Broker

Sometimes two R's work well, disastrously, or somewhere inbetween in the real estate Bermuda Triangle match up.

Feb 09, 2017 04:14 AM
Ambassador
2,684,569
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

       Have an attorney put everything in writing.  Have your CPA and/or attorney advise you on what best business entity (LLC, LLP, etc.) you should use.

Feb 08, 2017 09:09 PM
Rainmaker
1,157,791
FN LN
Toronto, ON

It depends on the two parties, the agreement between both parties, the personalities and so much more.  Each situation is different.

Feb 08, 2017 08:15 PM
Rainmaker
5,026,631
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

I'm with Debbie Reynolds on this one!

Feb 08, 2017 07:46 PM
Rainmaker
1,045,440
Dave Martin (703) 585-4687
Fairfax Realty - Fairfax, VA
Making Realty Dreams a Reality #WeWillGetYouHome

Afraid I can not add anything helpful to this question but I will read the other answers to learn more :-)

Feb 05, 2018 06:38 PM
Rainmaker
5,877,299
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

That you have everything in writing so all parties are in agreement.

Feb 10, 2017 02:19 PM
Rainmaker
4,434,177
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

I do not know.

Feb 09, 2017 02:39 PM
Rainmaker
3,986,308
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

I have not seen this before, but a good contract in writing between the two is a must.

Feb 09, 2017 02:15 PM
Rainmaker
4,959,239
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

I had to partners and neither work out longer then 4 years.

Feb 09, 2017 01:42 PM
Rainmaker
1,728,156
Sandy Padula & Norm Padula, JD, GRI
HomeSmart Realty West & Florida Realty Investments - , CA
Presence, Persistence & Perseverance

As a general partnership with no scorecard and full trust.

Feb 09, 2017 10:14 AM
Rainmaker
1,505,913
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

I'm with Paul S. Henderson, REALTOR®, Broker, Tacoma Washington put it all in writing.  Too easy to miss-interpret or miss-remember later.

 

Outside of that, I have no experience in this arena.

Feb 09, 2017 09:37 AM
Rainmaker
809,258
Kasey & John Boles
Jon Gosche Real Estate, LLC - BoiseMeridianRealEstate.com - Boise, ID
Boise & Meridian, ID Ada/Canyon/Gem/Boise Counties

What works best is everything, everything spelled out in writing, lots of communication and open discussion and it helps if the partners have complimentary personalities, talents, etc.

Feb 09, 2017 09:01 AM
Rainmaker
2,784,566
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Money & power bring out some recessed and unplanned responses. Get them out before the partnership takes risks....

Feb 09, 2017 08:17 AM
Ambassador
3,349,239
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

Whatever the model ... success depends on the two individuals ... their commitment to the partnership.  I have yet to partner with another agent or broker and truly have it work out ... seems that I end up doing all the work and shelling out half the income. 

Feb 09, 2017 08:16 AM
Rainmaker
5,583,328
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

test the scenario without marketing yourself as a partner.... do that for a year and split the business, if you have the same work ethic and work separately....both partners need to be productive...not a lopsided partnership..

if it works well, then reduce it to writing with the help of attorneys....

Feb 09, 2017 07:36 AM
Rainmaker
3,416,038
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

I have thought a lot about this, as i am so busy and ready to grow. For me who lists more home sthan i work as a buyer broker, partnering with a buyer broker would be a good fit. Someone with a good work ethic and loves real estate, no complainers. 

Feb 09, 2017 06:32 AM
Rainmaker
1,466,257
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

William Piotrowski Paul S. Henderson, REALTOR®, Broker, Tacoma Washington summed it up nicely.

Feb 09, 2017 06:31 AM
Rainmaker
5,238,951
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Put it in writing and let the sponsoring broker review and approve!

Feb 09, 2017 06:28 AM
Rainmaker
1,617,916
Harry F. D'Elia III
WEDO Real Estate and Beyond, LLC - Phoenix, AZ
Investor , Mentor, GRI, Radio, CIPS, REOs, ABR

I would follow the KW model--read the book

Feb 09, 2017 06:06 AM
Rainmaker
4,800,132
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

I think it can vary greatly by the individuals involved and their circumstances.

Feb 09, 2017 05:53 AM
Rainmaker
577,750
Gloria Valvasori, Accredited Senior Agent
BETTER HOMES AND GARDENS REAL ESTATE SIGNATURE SERVICE - Mississauga, ON
REAL Experience | REAL Commitment | REAL Results!

As in any business arrangement or partnership there has to be an agreement in writing, stipulating in detail the terms of the agreement.

Feb 09, 2017 05:43 AM
Rainmaker
1,712,776
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

The one that works the best.

Feb 09, 2017 05:10 AM
Rainmaker
3,071,489
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

Paul S. Henderson, REALTOR®, Broker, Tacoma Washington nailed this one!

Feb 09, 2017 04:58 AM
Rainmaker
7,862,645
Roy Kelley
Retired - Gaithersburg, MD

A written agreement with a clear understanding.

Feb 09, 2017 04:13 AM
Rainmaker
765,973
Tony Lewis
Summit Real Estate Group - Valencia, CA
Summit Real Estate Group Valencia & Aliso Viejo

Personality first, ability second.

Feb 08, 2017 08:32 PM
Rainmaker
1,241,754
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

Most is fussed over the commission split.  I tell anyone wanting to join it is negotiable.  Some even scrabble over who's name should show up first.

Often one can compliment over another broker on skills,  marketing etc. I have seen one running the office while the other is out making deals or expand the business....

Feb 08, 2017 08:09 PM
Ambassador
5,253,385
Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC
The RIGHT CHARLOTTE REALTOR!

Whatever works for them - be sure the business "marriage" is in writing AS IS THE "DIVORCE!"  

Feb 08, 2017 07:52 PM