Comments on: Future of Real Estate Brokerage: Part 2 – The Salary Based Realtor http://www.TribusGroup.com/future-of-real-estate-brokerage-part-2-the-salary-based-realtor/ Technology For Real Estate Brokers and Agents Sat, 29 Jan 2011 02:10:00 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: brandonrodriguez http://www.TribusGroup.com/future-of-real-estate-brokerage-part-2-the-salary-based-realtor/#comment-26 brandonrodriguez Tue, 14 Jul 2009 08:03:39 +0000 http://tribusgroup.com/?p=294#comment-26 As a Broker I agree with Eric on this. As a matter of fact I was toying with the idea months before I personally spoke with Eric. A mixture of the two would be ideal. At the given economic times, Agents tend to have a second job placing Real Estate on the back burner. The need for the income is greater than the passion to be in Real Estate. Salary does not necessary = cap. If a company has two sales force, one salary and one commission it would be ideal. The concept can appeal to the individuals for a fixed period (say one year), and on their yearly anniversary date the agent can choose the option. This is also on the assumption the agent is a producing agent. So you may ask why would a producing agent want to go on salary? Several reasons. One major is is LIFE. It is unpredictable, and options are always good to have in an industry you love. I agree with Eric and commend him for thinking out of the box. When Big Brokers say, "no we can't, it has never been that way." Independents think out of the box to say, "why not, and yes we can." <br><br>Thank you,<br><br>Brandon Rodriguez<br>Texas Real Estate Broker As a Broker I agree with Eric on this. As a matter of fact I was toying with the idea months before I personally spoke with Eric. A mixture of the two would be ideal. At the given economic times, Agents tend to have a second job placing Real Estate on the back burner. The need for the income is greater than the passion to be in Real Estate. Salary does not necessary = cap. If a company has two sales force, one salary and one commission it would be ideal. The concept can appeal to the individuals for a fixed period (say one year), and on their yearly anniversary date the agent can choose the option. This is also on the assumption the agent is a producing agent. So you may ask why would a producing agent want to go on salary? Several reasons. One major is is LIFE. It is unpredictable, and options are always good to have in an industry you love. I agree with Eric and commend him for thinking out of the box. When Big Brokers say, “no we can't, it has never been that way.” Independents think out of the box to say, “why not, and yes we can.”

Thank you,

Brandon Rodriguez
Texas Real Estate Broker

]]> By: brandonrodriguez http://www.TribusGroup.com/future-of-real-estate-brokerage-part-2-the-salary-based-realtor/#comment-115 brandonrodriguez Tue, 14 Jul 2009 08:03:39 +0000 http://tribusgroup.com/?p=294#comment-115 As a Broker I agree with Eric on this. As a matter of fact I was toying with the idea months before I personally spoke with Eric. A mixture of the two would be ideal. At the given economic times, Agents tend to have a second job placing Real Estate on the back burner. The need for the income is greater than the passion to be in Real Estate. Salary does not necessary = cap. If a company has two sales force, one salary and one commission it would be ideal. The concept can appeal to the individuals for a fixed period (say one year), and on their yearly anniversary date the agent can choose the option. This is also on the assumption the agent is a producing agent. So you may ask why would a producing agent want to go on salary? Several reasons. One major is is LIFE. It is unpredictable, and options are always good to have in an industry you love. I agree with Eric and commend him for thinking out of the box. When Big Brokers say, "no we can't, it has never been that way." Independents think out of the box to say, "why not, and yes we can." <br><br>Thank you,<br><br>Brandon Rodriguez<br>Texas Real Estate Broker As a Broker I agree with Eric on this. As a matter of fact I was toying with the idea months before I personally spoke with Eric. A mixture of the two would be ideal. At the given economic times, Agents tend to have a second job placing Real Estate on the back burner. The need for the income is greater than the passion to be in Real Estate. Salary does not necessary = cap. If a company has two sales force, one salary and one commission it would be ideal. The concept can appeal to the individuals for a fixed period (say one year), and on their yearly anniversary date the agent can choose the option. This is also on the assumption the agent is a producing agent. So you may ask why would a producing agent want to go on salary? Several reasons. One major is is LIFE. It is unpredictable, and options are always good to have in an industry you love. I agree with Eric and commend him for thinking out of the box. When Big Brokers say, “no we can't, it has never been that way.” Independents think out of the box to say, “why not, and yes we can.”

Thank you,

Brandon Rodriguez
Texas Real Estate Broker

]]> By: Future of Real Estate Brokerage: Part 4 - Death of the Realtor | Tribus Real Estate - The UnFranchise - Real Estate Tech for Independent Brokers http://www.TribusGroup.com/future-of-real-estate-brokerage-part-2-the-salary-based-realtor/#comment-25 Future of Real Estate Brokerage: Part 4 - Death of the Realtor | Tribus Real Estate - The UnFranchise - Real Estate Tech for Independent Brokers Fri, 10 Apr 2009 17:58:10 +0000 http://tribusgroup.com/?p=294#comment-25 [...] company, of the top ten real estate related websites just two are brokerage companies: ZipRealty (A salary based brokerage company) at #4 and ReMax at #7 !  Agents can now place their listings on Zillow.   Zillow is number #3 [...] [...] company, of the top ten real estate related websites just two are brokerage companies: ZipRealty (A salary based brokerage company) at #4 and ReMax at #7 !  Agents can now place their listings on Zillow.   Zillow is number #3 [...]

]]> By: Future of Real Estate Brokerage: Part 3 - Rise Of The Independents | Tribus Real Estate - The UnFranchise - Real Estate Tech for Independent Brokers http://www.TribusGroup.com/future-of-real-estate-brokerage-part-2-the-salary-based-realtor/#comment-24 Future of Real Estate Brokerage: Part 3 - Rise Of The Independents | Tribus Real Estate - The UnFranchise - Real Estate Tech for Independent Brokers Tue, 31 Mar 2009 05:13:57 +0000 http://tribusgroup.com/?p=294#comment-24 [...] The way we see that happening is through extreme training, web leads, and salary based agents. [...] [...] The way we see that happening is through extreme training, web leads, and salary based agents. [...]

]]> By: Rob Hahn http://www.TribusGroup.com/future-of-real-estate-brokerage-part-2-the-salary-based-realtor/#comment-23 Rob Hahn Thu, 26 Mar 2009 18:34:37 +0000 http://tribusgroup.com/?p=294#comment-23 @Lesley - All of the equity traders at Goldman Sachs are on salary. I personally know one guy who took home $15m in 2006; he was 32 at the time. What's the ceiling? Salary != ceiling. Because with bonuses, profit sharing, and the like, there really is no ceiling. Salary does, however, mean more control over the agent by the broker. That strikes me as the real sticking point. And the flipside is that the broker really DOES have to provide the salaried agent with all of the tools and training and resources to be able to do his/her job. You can't hide behind the "1099 excuse" anymore. -rsh @Lesley -

All of the equity traders at Goldman Sachs are on salary. I personally know one guy who took home $15m in 2006; he was 32 at the time. What’s the ceiling?

Salary != ceiling. Because with bonuses, profit sharing, and the like, there really is no ceiling. Salary does, however, mean more control over the agent by the broker. That strikes me as the real sticking point. And the flipside is that the broker really DOES have to provide the salaried agent with all of the tools and training and resources to be able to do his/her job. You can’t hide behind the “1099 excuse” anymore.

-rsh

]]> By: Rob Hahn http://www.TribusGroup.com/future-of-real-estate-brokerage-part-2-the-salary-based-realtor/#comment-189 Rob Hahn Thu, 26 Mar 2009 18:34:00 +0000 http://tribusgroup.com/?p=294#comment-189 @Lesley - All of the equity traders at Goldman Sachs are on salary. I personally know one guy who took home $15m in 2006; he was 32 at the time. What's the ceiling? Salary != ceiling. Because with bonuses, profit sharing, and the like, there really is no ceiling. Salary does, however, mean more control over the agent by the broker. That strikes me as the real sticking point. And the flipside is that the broker really DOES have to provide the salaried agent with all of the tools and training and resources to be able to do his/her job. You can't hide behind the "1099 excuse" anymore. -rsh @Lesley -

All of the equity traders at Goldman Sachs are on salary. I personally know one guy who took home $15m in 2006; he was 32 at the time. What’s the ceiling?

Salary != ceiling. Because with bonuses, profit sharing, and the like, there really is no ceiling. Salary does, however, mean more control over the agent by the broker. That strikes me as the real sticking point. And the flipside is that the broker really DOES have to provide the salaried agent with all of the tools and training and resources to be able to do his/her job. You can’t hide behind the “1099 excuse” anymore.

-rsh

]]> By: Eric Stegemann http://www.TribusGroup.com/future-of-real-estate-brokerage-part-2-the-salary-based-realtor/#comment-22 Eric Stegemann Thu, 26 Mar 2009 02:45:13 +0000 http://tribusgroup.com/?p=294#comment-22 Salary Realtors are just a piece of the puzzle. Definitely like you said there will always be an appeal of independent contractors. There just needs to be a mix between the two. As is similar in the Financial Services industry, there is a great mix of the two. Edward Jones brokers work as W2 employees but they must bring in their own income. But other companies are salary plus bonus. It’s multiple options that will come. Sherry Chris made this point today: http://bhgrealestateblog.com/2009/03/25/the-future-is-bright-for-some-but-not-all-will-get-it/ Salary Realtors are just a piece of the puzzle. Definitely like you said there will always be an appeal of independent contractors. There just needs to be a mix between the two. As is similar in the Financial Services industry, there is a great mix of the two. Edward Jones brokers work as W2 employees but they must bring in their own income. But other companies are salary plus bonus.

It’s multiple options that will come. Sherry Chris made this point today: http://bhgrealestateblog.com/2009/03/25/the-future-is-bright-for-some-but-not-all-will-get-it/

]]> By: Eric Stegemann http://www.TribusGroup.com/future-of-real-estate-brokerage-part-2-the-salary-based-realtor/#comment-188 Eric Stegemann Thu, 26 Mar 2009 02:45:00 +0000 http://tribusgroup.com/?p=294#comment-188 Salary Realtors are just a piece of the puzzle. Definitely like you said there will always be an appeal of independent contractors. There just needs to be a mix between the two. As is similar in the Financial Services industry, there is a great mix of the two. Edward Jones brokers work as W2 employees but they must bring in their own income. But other companies are salary plus bonus. It’s multiple options that will come. Sherry Chris made this point today: http://bhgrealestateblog.com/2009/03/25/the-future-is-bright-for-some-but-not-all-will-get-it/ Salary Realtors are just a piece of the puzzle. Definitely like you said there will always be an appeal of independent contractors. There just needs to be a mix between the two. As is similar in the Financial Services industry, there is a great mix of the two. Edward Jones brokers work as W2 employees but they must bring in their own income. But other companies are salary plus bonus.

It’s multiple options that will come. Sherry Chris made this point today: http://bhgrealestateblog.com/2009/03/25/the-future-is-bright-for-some-but-not-all-will-get-it/

]]> By: Lesley Lambert http://www.TribusGroup.com/future-of-real-estate-brokerage-part-2-the-salary-based-realtor/#comment-21 Lesley Lambert Thu, 26 Mar 2009 02:03:35 +0000 http://tribusgroup.com/?p=294#comment-21 I appreciate this concept...it will have it's place along the way, for some probably sooner than later. For me, the main reason that real estate holds appeal (outside of helping people) is the fact that there is no ceiling. Salary = ceiling and if I wanted to go that route I would have used my degree....just my .02 cents. I appreciate this concept…it will have it’s place along the way, for some probably sooner than later. For me, the main reason that real estate holds appeal (outside of helping people) is the fact that there is no ceiling. Salary = ceiling and if I wanted to go that route I would have used my degree….just my .02 cents.

]]> By: Lesley Lambert http://www.TribusGroup.com/future-of-real-estate-brokerage-part-2-the-salary-based-realtor/#comment-187 Lesley Lambert Thu, 26 Mar 2009 02:03:00 +0000 http://tribusgroup.com/?p=294#comment-187 I appreciate this concept...it will have it's place along the way, for some probably sooner than later. For me, the main reason that real estate holds appeal (outside of helping people) is the fact that there is no ceiling. Salary = ceiling and if I wanted to go that route I would have used my degree....just my .02 cents. I appreciate this concept…it will have it’s place along the way, for some probably sooner than later. For me, the main reason that real estate holds appeal (outside of helping people) is the fact that there is no ceiling. Salary = ceiling and if I wanted to go that route I would have used my degree….just my .02 cents.

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