When Realtors change Brokers

By
Real Estate Agent with Coldwell Banker Elite

I have been in Real Estate for a while now and have seen agents come and go and for different reasons. The work schedule is not conforming to the home life, kids, not enough income, have to get another job to make it, and of course the biggest,  Hopefully the grass is greener and I will make more money. I receive invites often to speak to other brokers and agents telling me that it is better over here I should come on down. I am not sure if it is better and I am happy where I am but I wonder what truly makes agents want to move and are there really any differences. So I am asking from my fellow A/R members what makes different company's better to you. I am with Coldwell Banker and we have never thought of leaving nor do we, but wonder what is on the other side of the fence?

 

The Craft Team

rcraft@coldwellbankerelite.com

Serving Stafford, Spotsylvania, Prince William and surrounding areas

540-273-2867

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Ambassador
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Julie Chapman
Lennar - Jacksonville, FL
New Homes Sales

As a broker, I think that you need to find out if you fit in that organization....I have an agent move from where they made $15K a year to making $80K a year working for me but it was the fit of where my organization was at that time.   My company grew fast and strong and the agent's timing was great......some companies are growing and some are falling to the side..

Mar 27, 2008 07:31 AM #1
Rainer
52,477
Linda M. Cataldo
Dock Street Realty - Myrtle Beach, SC
Myrtle Beach Real Estate

I have changed brokers twice, for different reasons in each case.  Coldwell Banker was too restrictive in our area, forcing us to comply with regulations that were stifling.  Then I moved to Keller Williams, which is a great company to work for if you are self-motivated, since most agents run a virtual office. 

Now I am with Century 21 Boling which is the number 1 firm in the state. My move was made to be part of a growning community in Myrtle Beach - Market Commons.  They are the Broker of Record for the Dock Street condos and I will be on-site general brokerage.

I am sure you will get as many reasons for changing companies as people who respond.

Mar 27, 2008 07:37 AM #2
Rainer
63,852
Vincent McKamy
Long & Foster - Fredericksburg, VA
Realtor Fredericksburg Virginia

I'm still in the same office that I joined 2 years ago and I love it.  I think the only thing that would make switch would be the people.  I think if I like the people I will love the company.  I wish you the best of luck.  By the way if you leave can I have your office. 

Mar 27, 2008 07:43 PM #3
Rainer
1,512
Chris Stritzke
1ST Cam Realty - Dallas, TX

I have to agree with Linda.  I had to make the tough choice of leaving my first company because I truly loved working there.  But the broker had to many stupid office rules that limited me in making money.  Then when I started making money I got mad because I got no help and had to learn everything on my own.  I was a new agent and need a little bit of help and the broker and the manager said that new agents were such a pain in their a$$.  After that comment I started looking for a new broker.  I talked to one broker who is CPA and has his Brokers License, he asked what i was looking for to make the move.  The only to things I asked for is a higher split that stayed the same and to be able to market myself not him.  He told me that he wanted me to market myself and not him because it is the agent that makes the money, not he broker.  I got both things I asked for and I sign the papers that day to change.  6 months later I had closed 1.2 million in sales and was the top agent.  When the old broker found out they begged me to come back and told me they would give me everything i asked for and I told them I was still a new agent and didn't want to be a pain in their A$$.  Their lose my gain.  For me it is a business deal, I have to make money and that had to come first.  I am still good friends with my old broker and she now understands why I left.  Sorry this is so long but this is why I changed companies. 

Oct 21, 2009 11:43 AM #4
Anonymous
Help...

I am thinking of changing brokers. I have been in the business for about 2 years. My current broker is very negative. I feel I am being held back. My question is how do I change brokers with pendings? I have no contract and have never seen a company rule book.

Oct 26, 2010 04:20 PM #5
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368,160
Inna Ivchenko
Mannis Real Estate Group - Calabasas, CA
Los Angeles / Valley Homes

better terms?

I moved a couple of times and always was able negotiate better terms. Right now I'm happy with my broker, but I hear even better offers, so we'll see:)

Jan 04, 2013 12:11 AM #6
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The Craft Team - Realtors Serving Stafford & Spotsylvania Va.

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