In this session of Free 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 office.
- 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?
- Do you understand the difference between 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?
- Are you willing to commit the time to recruiting real estate agents? (Prospect)
- Greater income potential
- Exit strategy (Have something to sell)
- Renewable income potential
- 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 FREE Broker School? Join the #freebrokerschool conversation – Leave your comments right here on our blog and continue the conversation. We want you to have any real estate tools you need at your disposal.
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Free Broker School and RIO Genesis are part of RIO Genesis Software Solutions, the industry’s premier Real Estate Brokerage Software.
FreeBrokerSchool.com is a resource to give brokers the advantage in running their offices. Hey – they know how to sell properties well, but they don’t always know all of the ins and outs of running a successful real estate brokerage. These videos are designed to give you the inside scoop from industry leader and success tornado, Mike Krein. You can’t take notes fast enough when he starts giving tips. These videos allow you to watch one nugget topic at a time, digest it and implement it to add to your success.
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