Who is the best real estate franchise?

[johnd]

I an in the Real Estate Business for over ten years under my own flag here in Ireland, Over the last 5 to 6 years all around me a getting involved with Real Estate Franchises. the Remaxs to Coldwell Banker.

Which in your opinion would be the best to do business and why?


Yours sincerely

John

[Courtney Bontempo]

Stay independent. If your already successful on your own, then there is no need to pay a percentage of each sale to a franchise. In my area, many of the successful realtors are leaving the major franchises and starting their own. But if you were a realtor asking which company to work for then it would be a different situation. It all depends upon the size of your market. If I was a realtor in Chicago and doing xx million in sales a year then you can hit your incentive quite easily, but around me it is a bit harder and the fees add up. Maybe someone else has a difference of opinion, but this is what I have heard and seen.

[BrandonSternfield]

The best one is the one that actually rewards you for what you do, and let's you enjoy your job.

The name of that one... is however different for each person

[jessiesc]

The best one is the one that actually rewards you for what you do, and let's you enjoy your job.

The name of that one... is however different for each person

Well, I have nothing to add to that Well said!

[Saodavi]

I don't think there's an answer to this question. At least not any more than "Who's the best looking actress in Hollywood?" and "What's the best car on the market?". It really depends specifically on your situation. As has been stated, If you're happy and successful as an independent, why join a major franchise and pay all those fees if it's not contributing toward your bottom line. Like shopping for a home, you will need to determine what you are looking for in a brokerage and then start investigating who will best meet your needs.

[johnd]

Thank you for all the replies, much appreciated. Far away fields all ways look greener.

Regards

John

[BrandonSternfield]

Thank you for all the replies, much appreciated. Far away fields all ways look greener.

Regards

John

Yet those pesky cows are always out of sight.. where you can't see what they do to the field..

[Saodavi]

Here's another thought: If you want to strictly be an RE Broker (ie: all your money comes from the production of agents in your office and not from your own sales) a good franchise might be helpful. In that case, they agents in your office are your "customers". You need to find out what they want so that you can better provide it for them. Big franchises usually have good training, marketing, branding and other things available to you. These are things that you probably couldn't generate on your own.

If you want to make your money based on buying/selling RE yourself, I'd avoid the big franchise. They're expensive and you're probably not going to receive the benefit from them yourself. You've already got experience and a customer base that's working for you so the benefit of the franchise may be minimal. However, if you want the benefits that come with a franchise and you want to make most of your money listing/selling it'd probably be better (cheaper) for you to just join a franchise as an agent than to start one up as a broker.

You could also do a hybrid model but those probably won't be as successful. Every minute you spend developing agents is money you're losing in sales and vice-versa. I don't think it would be as advantageous and it'd be a lot more work because you'd effectively be running two companies: your real estate brokerage and your real estate sales business.

[Morristown]

I would say that likely your best bet is to stay independent, unless there is some franchise that is offering your systems, tools, and wider marketing than you already have and do. I think it is likely you can get the tools you need on your own, the systems you can get or developed on your own, and the wider marketing, well not sure about how things are going in Ireland but here in the states, The most expensive marketing (newspaper) is dropping away. The less expensive is gaining all the time (Internet).

Good luck.

Jim

[JOEL]

The best one is the one that actually rewards you for what you do, and let's you enjoy your job.

The name of that one... is however different for each person

I think the better question is, What services do you want from a franchise,to do your job better?
It's simply a pay for services or just stay independent.