5 Signs It's Time To Switch Real Estate Brokerages
If any of these apply to you, it may be time to switch.
1. You are asking questions, but the answers never come, and when they do, they are SLOW.
It doesn't matter how long you've been in the business for, if you are doing deals, you are inevitably going to have questions. Sometimes, these questions are urgent, and can only be answered by your broker. But when you look for them, they are nowhere to be found. You send them a text, call them, but we know that never works. You try to e-mail them, and five days later, you get a response!
But that deal you were working on fell apart two days ago.
If you've experienced this, then you know how frustrating it can be. Good agents deserve good service, and that starts with a great broker. If you are lacking communication, then it may be time to make a switch.
2. Low performers are making the same splits, and cheapening the brand.
We can pretend like it isn't true, but we all know it is. The agents who got their license just to represent their friends and family a few times a year are not producing the same quality as you are. They put out low quality signs, their marketing is printed in black and white on their home printer, and their low quality service deteriorates the brand value.
And still, they make the same split that you do.
Commission splits should be based on performance, with the highest performers being compensated with the best commissions. By separating out the low performers from the high performers, the brokerage is then able to ensure that the brand value is being preserved, and that compensation matches performance. If your brokerage is not set up for this, it might be time to switch.
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