When times were good did your Broker raise your commissions? We all know the answer to that question!
Now,times have changed it seems many of the National Real Estate Franchises have dropped a bombshell on their agents and have begun to reduce their commission structure.
Why?
It seems apparent many of these offices are having a problem with paying bills and the overall expenses running an office.
Many of these offices recruited agents in the hopes they would recruit other agents,which would generate a tremendous amount of sales. Many of these Brokers would sit back and relax,never worrying about going out and pounding the pavement. Times were different three years ago! Business was good and everyone applied for a Real Estate license.
It seems apparent many of these offices are having a problem with paying bills and the overall expenses running an office.
Many of these offices recruited agents in the hopes they would recruit other agents,which would generate a tremendous amount of sales. Many of these Brokers would sit back and relax,never worrying about going out and pounding the pavement. Times were different three years ago! Business was good and everyone applied for a Real Estate license.
In reality, majority of these companies forgot one important ingredient to the equation.In order to survive in a bad market you still need to generate sales!
Realtors,have to produce in order for a Real Estate Office to survive,without sales, you can have 300 agents in you`re office,but if only a handful are actually generating sales it`s almost impossible to survive.
Realtors,have to produce in order for a Real Estate Office to survive,without sales, you can have 300 agents in you`re office,but if only a handful are actually generating sales it`s almost impossible to survive.
Faced with difficult times and a turn in the market, these offices are now looking at their Realtors. They believe reducing commissions is the answer? Is it?
I don`t know about you but why should my hard work and effort be penalized?
It seems their is a sudden shift in how many seasoned Realtors feel. Many are disgruntled and are looking for alternative solutions.
We`ve always been a firm believer in offering experienced agents a 100% commission structure.
For years the larger firms have criticized this model without rhyme or reason.
The reasoning behind the 100% structure is simple.
If you`ve been in this business long enough you realize one thing "Marketing your listings generate leads".
A Realtor in today`s market is a "Self Promoter".
The expenditure of cash is out of your pocket not the office you work in. Our belief is to allow Realtors to market and sell their listing and earn what they rightfully deserve.
I don`t know about you but why should my hard work and effort be penalized?
It seems their is a sudden shift in how many seasoned Realtors feel. Many are disgruntled and are looking for alternative solutions.
We`ve always been a firm believer in offering experienced agents a 100% commission structure.
For years the larger firms have criticized this model without rhyme or reason.
The reasoning behind the 100% structure is simple.
If you`ve been in this business long enough you realize one thing "Marketing your listings generate leads".
A Realtor in today`s market is a "Self Promoter".
The expenditure of cash is out of your pocket not the office you work in. Our belief is to allow Realtors to market and sell their listing and earn what they rightfully deserve.
An environment of "Realtors selling Real Estate" can survive in good times and in bad!
Why should you suffer the consequences of receiving a lower commission because you`re office feels everyone should share the pain of a bad market?
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