Should I open my own real estate brokerage?
In this session of Broker School we discuss how to determine if you should open a brokerage. We give you a lot to consider and questions to ask yourself in this short video that will help you decide if you should open our own real estate brokerage.
Why do you want to own your own office?
Ego- Control – Freedom – Money – Satisfaction?
Are you financially capable?
How Much capital will you need?
Are you emotionally capable?
Are you prepared for this type of commitment?
Understanding the difference of a business and an income opportunity
Which do you really want?
Do you have the required self discipline?
Can you create a budget and business plan?
Will you recruit? (Prospect)
PROS:
Greater Income Potential
Exit Strategy (Have something to sell)
Renewable Income Potential
Control
CONS:
Increased Risk
Increased Stress
Time Incentive at the Beginning
Do you have additional questions on this topic or want us to start a new discussion for Broker School? Join the conversation — Leave your comments right here on our blog and continue the conversation on twitter @RIOGenesis1
FREE BROKER SCHOOL is brought to you by RIO Genesis. Real Estate Agents and Brokers will now have FREE access to a complete series of lessons on how to open, grow and manage a more profitable real estate office. All offered in short easy to follow “coaching” style videos.
FREE BROKER SCHOOL – Everything you need to know, but no one else will teach you!”