How To Know When It’s Time To Break Up With Your Broker | Real Estate Coaches Tim and Julie Harris pose 10 critical questions to help you make this important decision.
Question: What is the one of the biggest mistakes agents often make?
Let’s look at ways you can best determine whether or not changing or switching brokerage firms makes the most sense for you. Let’s start out with the top 10 questions you need to seriously ask yourself that may indicate that a change is coming:
- Your personal income has been flat or in decline. Maybe you’re doing the same volume, give or take, year in and year out.
- You are the best agent in your office.
- Your colleagues, broker or brokerage, in general, are too negative.
- Your brokerage requires you to attend too many mandatory meetings & other time consuming non-dollar productive activities.
- Your broker or office manager shoots down every idea that isn’t 1970’s traditional real estate. The broker offers no tech support or has no added value for you being an agent with their office.
- Your broker takes a cut out of every source of income including BPOs, home warranty sales and processing fees.
- Your broker offers no real support or help beyond transactions.
- You don’t feel challenged or your brokerage is filled with complacent people.
- Your broker offers no revenue share.
- Your broker offers no opportunities to purchase stock or offer stock awards. Many brokerages are public companies…only one offers stock rewards, discounts.
- You feel like you’re out there on your own with no direction, support or culture.