Do Most Real Estate Agents Really Need An Office At Their Brokers Office?

Real Estate Agent with RE/MAX Stars Realty

Most real estate brokerages today are faced with an extremely thin margin of profit if they net any profit at all.  Brokerages are faced with the many financial challenges including their physical office space, the phone systems and the cost and contracts required, the utility bills for these large offices and obviously other general fixed costs.  The question is "What if the majority of the real estate brokerages could operate out of one half the space they are currently occupy today...would that help the brokerage become more profitable? 

With the current wireless technology and access through cellular broadband do most agents need an actual real estate office to meet clients?  Do most agents spend most of their time actually sitting in their offices or are most agents out meeting with buyers and sellers?  I have a feeling the brick and mortar real estate offices will be sizing down in the near future and more agents will become road warriors utilizing even more of the latest technology.  ActiveRain members...what do you think?



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Comments 74 New Comment

Richard Weeks
Realtor, Associate Broker - Manager Business Development
Waller Group

I think some people just need that decipline of getting up getting dressed and going to the office.

I have done it both ways, and enjoy the office atmosphere.

October 21, 2008 05:07 AM
Anita Ricketts
HER Realtors

Jon and Richard,

Thanks for your responses.  The majority of my agents share the ideas of Jon but I have one who prefers the atmosphere like Richard.  I really hate to lose that one agent.  Any ideas on how I can keep that agent happy with the change? 

October 21, 2008 11:15 AM
Roberto Gonzalez
Roberto Gonzalez
RG Realty Inc

Good question, in my case you are right, the margin of profit is very narrow, in the other hand agents do not need an office, only to have a place to meet with clients, so to answer your question, yes, we need to cut down on square footage, phone lines, etc. my friend also owns an office 5000 sq., with 20 desk and 10 offices, only 2 or 3 are occupied most of the time, no need for all the space

October 25, 2008 06:31 PM
George Tars
PalmHomes LLC

My office is 14x13 in a highrise buildingn in downtown West Palm Beach, Florida... it does not even have parking .... you got to pay the meters ... yet we are 5 agents all living within 60 miles radius using IM, text, email and phone... I have a web camera installed at the office to check my mail and I only go when there is mail to pick up or write a contract .... the web camera sends me IMs and records all activity when it detects motion inside the office ...

October 27, 2008 06:00 PM
Kent Davis
Kent Davis - RE/MAX Alliance of NM

Things change, I thought "the office" would be economically obsolete by now. We all can work just about anywhere so what surprises me is seeing large offices with lots of empty desks and huge overhead.  But working from "home" is not exactly the answer either - lots of distractions and though home may be very nice, do you really want your clients and agents coming to your personal residence for those necessary meetings? What works for me is the nearly virtual office - professional phone screening service, an available conference room, a copier and Internet connection.  I'm not totally virtual yet, I do still like to have a couple of desks and file cabinets in a small but very efficient office suite.

November 02, 2008 08:50 PM

Sam Miller

Knox County Ohio
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