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Thread: Your expert opinion please...

  1. #1
    Join Date
    Apr 2007
    Location
    Wilmington, NC
    Posts
    112

    Default Your expert opinion please...

    At the end of the day, how much of your business is based on your own abilities v/s the company you are affiliated with?

    My opinion...

    75% on my own abilities 25% based on my company name/brand

    We all know that our own abilities will always be key. Beyond that, do you think your company name secures more business for you?

    Your thoughts?

  2. #2
    Join Date
    Mar 2006
    Location
    Outer Banks
    Posts
    959

    Default Re: Your expert opinion please...

    I think you are going to find the answers vary between agents and their experience, internet presence, etc.
    Serving all your Outer Banks real estate needs and if you are looking for a deal then search all Outer Banks foreclosures for bank owned real estate.

  3. #3
    Join Date
    Nov 2006
    Posts
    321

    Default Re: Your expert opinion please...

    to begin with, its your personal skills/abilities; you need to get people to trust you and gain a reputation. in the long run that reputation becomes associated with the brand.
    Bad Credit history not such a problem with mortgages:
    mortgages for people with bad credit, bad credit mortgage and IVA mortgage

  4. #4
    Join Date
    Apr 2007
    Location
    Wilmington, NC
    Posts
    112

    Default Re: Your expert opinion please...

    All true statements... But I want to go on the assumption that your strong efforts are already in place. My question is at that point, will the brand develop more opportunities that you would not have had otherwise.

  5. #5
    Join Date
    Aug 2007
    Location
    Metro Atlanta
    Posts
    370

    Default Re: Your expert opinion please...

    The brand will just ad validity to your reputation.

  6. #6
    Join Date
    May 2006
    Location
    Englewood Florida
    Posts
    528

    Default Re: Your expert opinion please...

    100% me, 0% company...as I just started this company. I'm interested what it's worth for people who have worked for the big boys and for people who work for the independents if there is any difference in production.

    For instance I know that a c21 franchise charges a certain amount of start up fees and then something like an 8% cut on commissions forever. I wonder with everything else being the same...is it worth the name recognition to get 8% of every dollar your company will ever earn?
    Jason Painter
    Broker | Owner | REALTORŪ
    PROGRAM Realty, LLC
    Port Charlotte Real Estate | Boca Grande Real Estate | Venice Florida Real Estate

  7. #7
    Join Date
    Mar 2006
    Location
    Outer Banks
    Posts
    959

    Default Re: Your expert opinion please...

    I left Rmx last summer after ten years and am working out of my house under my own brand and I am having one of my best years ever. It seems all MY leads now come to me and the company stuff wasn't enough to make up the difference.

    100% me.
    Serving all your Outer Banks real estate needs and if you are looking for a deal then search all Outer Banks foreclosures for bank owned real estate.

  8. #8
    Join Date
    Sep 2007
    Location
    Las Vegas
    Posts
    389

    Default Re: Your expert opinion please...

    99% you - 1% company. The only reason that I am giving the company 1% credit is I have had listing prospects tell me on the phone that the reason they were going to meet with me was because they had told themselves that they were going to interview one from each of the big names in town - since I was the first one from Pru to call, I got the appointment.

    Believe me, that is a rare occurance. I have talked to thousands of FSBO's and Expireds and that has happened twice.

    Working for an established company can give you one less obstacle to overcome, but in the end it is all you.

  9. #9
    Join Date
    Sep 2005
    Location
    Houston, TX
    Posts
    2,132

    Default Re: Your expert opinion please...

    I was just joking about this with my fiance today. I started to answer the phone for some reason with,

    "This is Steve with Keller Williams. How can I help you?"

    And they go, "Umm...yea...I'm looking for the MyHomeHouston team..."

    That greeting changed really quick. I say 100% me in my particular business. I've never had someone list with me/buy with me because of my affiliation with Keller Williams.

    I don't care what broker you're with. If you suck as an agent people won't do business with you.
    Steve Castaneda, Realtor
    Keller Williams Realty

    I can help you find houses for sale in Houston and also write at this blog dedicated to real estate technology for agents. I originally created this Houston Real Estate site and switched to REW - awesome decision.

  10. #10
    Join Date
    Nov 2005
    Posts
    1,192

    Default Re: Your expert opinion please...

    It has been my experance that my company (Prudential) is worth about 1% of my business. This comes in the form of my brokers advertising of my listings. Other then that I would say its much more cost effective to not pay a franchise fee. Others probally have had different experances.

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