Stop us if this sounds familiar. You’ve logged a few successful years as a real estate agent and you now crave something more. A bigger challenge with, yes, greater risks, but also much sweeter rewards. Opening your own brokerage seems like the next logical step. But think before you leap. Becoming a broker is an exciting career move for an agent, but it’s not without its downsides. Set yourself up for success by taking advantage of the resources and support available to you as a member of the NATIONAL ASSOCIATION OF REALTORS®.
Passing the broker license exam is just the first step. To succeed in your new role, you’ll need to constantly stay on top of the newest designations and certifications. Your training is imperative, not only to keep yourself up to date on industry trends, but to provide guidance to the other agents in your brokerage as well.
In addition to the business of selling properties, there will be legal and financial issues to manage, not to mention your new role in human resources. At REALTOR.org, you’ll find pages and pages of articles, quizzes, surveys, books and webinars to educate you on the various responsibilities associated with owning a brokerage.
- Hear first-hand stories from others who have been in your shoes.
- Get tips on creating a business plan.
- Learn about how to compensate the agents who will be your employees.
According to a 2010 NATIONAL ASSOCIATION OF REALTORS® Member Profile, 41% of REALTORS® are affiliated with an independent, non-franchised company. Yet there are some very convincing reasons to buy a franchise. The decision to go independent or with a franchise is one of the most important decisions you’ll make. And one of the very first. With the resources provided by NATIONAL ASSOCIATION OF REALTORS®, whenever you make that decision, you can make it with confidence, knowing you had access to all the information you needed for an educated decision.
Opening your own brokerage could be the best move you ever make for your career. Don’t do it alone. Do it with the NATIONAL ASSOCIATION OF REALTORS®.