The real estate industry has changed and has even more changes coming, making commission splits less significant. Here's why the support and opportunities your brokerage provides matter more:
Market Fluctuations: In slow markets, transaction volumes drop, impacting your income despite high splits. A team offering steady leads, exclusive listings, and marketing support ensures you close deals and get paid.
Training and Mentorship: Effective training and mentorship are crucial. Brokerages offering extensive training and up-to-date marketing strategies help you navigate tough markets and better serve your clients.
Administrative Support: Administrative fees can be worthwhile if they include transaction coordination, marketing staff, and technology tools, allowing you to focus on selling real estate.
Access to Resources: Being part of a well-established team gives you access to valuable resources like marketing tools, CRM systems, and additional perks like moving trucks and staging services.
Different commission structures include:
Traditional Brokerages: Often have splits with additional fees but may focus more on recruiting than supporting agents.
100% Commission Brokerages: Offer no support, which can be a disadvantage in tough markets.
Teams within Brokerages: Provide shared resources, training, and immediate business opportunities.
In a challenging market, support and resources outweigh high commission splits.
Choose a brokerage that helps you grow and sustain your business through any market condition.
Remember your business and growth are only as good as who you surround yourself with.
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12 сен 2024
