The Virtual Real Estate Brokerage and Office - WEB 3.0

This appears to be the way of the future. That was an informative video Brad thanks for sharing.

I wanted to respond to this blog.  On September 2009 the National Association of REALTORS, Center For REALTOR Technology awarded me with the Pioneer Spotlight Award.  I am currently the only one in the United States to hold this honor.  http://blog.realtors.org/crt/?s=Brandon+Rodriguez I pride myself with the 100% Virtual Office Model.  By far and without a doubt, eXp Realty has taken it to a new level!  My first reaction like many others, what will this cost to the agent.  The splits eXp is far better than the franchise companies and even some independent brokerage out there.  They have even found a way to offer more compensation to agents than the 100% commission companies.  Plus not to mention the technology which works together.  It is true a person can utilize other independent applications, but that will cost you a pretty penny.  Don't forget in order to have effective technology they must be able to work together, and as a Broker can you ensure your agents will use them too?  As an Independent Broker with a national technology award on hand I was curious about eXp.  Their philosophy was the same as mine in technology and compensating the agents over the competition.  As far as office space in a large Metro area like Dallas, is not needed.  The business model eXp provides for their agents combined with technology at their fingertips working all together is hands down better than any thing currently on the market for agents.  They were so good that I decided to close BrandonMichael & Associates and team up with eXp Realty as their Principal Broker in Texas.  I followed the old saying "if you can't beat them, join them."  It was not a decision I took lightly but it was the smartest business decision I made.

I joined eXp Realty in pril 2010. Some of the comments need to be addressed. We have a fantastic interaction among the agents and all the way to the CEO. We just do it in Teleplace and can access each other much easier than an in person meeting. I never feel alone whether working from home or from an office location.

Our split is very transparent. Just come to a presentation and see for yourself. Everyone is in the same split. Wehave other streams of income that can be tapped to increase your income.

Our training is free and available live in Teleplace or in archived sessions. Hundreds of topics are discussed.

We have excellent access to tech consultants who work full time for eXp. They are the top tech advisors in the business and will do whatever it takes to bring new agents up to speed and further the agents' technology skills as new avenues of internet business become available.

eXp has been a breath of fresh air from the franchise I previously owned. eXp's founder comes from the internet marketing business rather then the real estate industry. We all know the real estate business. How many agents are capable of working in the realm if the internet where most buyers? eXp will take you there.

The focus of eXp is on generating internet buyer leads. What about sellers?  Every seller needs a buyer. When you can tap into the buyer you provide the best marketing for your sellers. That is really providing great service to the public.

The train has left the station. It's time to get onboard!

Jerry Germansen, Associate Broker, North central Arizona

Thanks for this new informative posting of what we should be thinking about. 

I have been running a "Virtual Real Estate" Company for the past 5 years.  I did finally have to rent an office because clients were always wanting to know where our office was.  If we said we worked "Virtually" or at Home....we were looked on as a fly by night company.  Now we rented an executive type suite office with VERY low rent so we can say we have an office and meet clients there.  I am really interested in this technology....Is it through a software program (if so where do I buy) or is it something I would need to program myself?  Great Post!

Brad, you always bring something fascinating and it is usually something that needs to be bookmarked and then addressed again.

this time it is no diffference.

Listen, something is wrong with the video. The link is not there, just an empty box

Interesting concept.  I'm not exactly sure what else is being offered other than a cool 3D interface.  I skype with many of my agents (since many of them work from home) for training sessions.    

Many people in the community still like to see the physical presence of a brick and mortar office.  Clients always ask me where my office is located.  And what about synergy?  I know I still get motivated when even a few of my agents stop into the office and make calls.  

I love this idea as an add on to an existing office but I'm not sure if the world is ready for this...yet.

This is really an interesting concept.  As someone else mentioned, I would like to know what is included in the total package.  I think the graphics can be improved so it could reflect more of a real office look.  Let's face it, having a large office with 50 miniture desks, is not what I call promoting a professional image for a Realtor or a Real Estate Brokerage.  Most agents have a home office or at least have the ability to conduct business 24-7 from home so why not let them work with what they already have.  The tools are already there to conduct business on-line.  Why should agents pay for desks or the use of office equipment they don't really need?