Does your managing broker sell and list properties?
Your managing broker is in an enviable position, for someone who sells and lists properties. They often are the one that people call, asking if the manager can give them the name of one of the top agents in the office, who might be good to help sell their property. Or do they know someone who'd be good to help find lakefront property for a relocating couple, coming in from New York City.
A managing broker who also lists and sells would be in a position to shortstop some of those calls, and accept the leads for themselves... after all, what client could resist the sales pitch (from someone whose opinion they were just soliciting) "Well... I list / sell properties in that area, and I AM the managing broker, here in the office, so I could do an excellent job for you". And even the most ethical manager might find herself in a difficult position, if a particularly lucrative listing or buyer might cross her desk.
My managing broker does not routinely list or sell properties. She does not compete with me (or any of the other agents in the office) for listings or buyers. Managing an office of almost 100 prima-donna agents (and yes, I include myself in the land of primadonnaville) is a full-time job... maybe a job and a half, and she dedicates all of her professional time to that task.
There are managing brokers in our area who do list and sell regularly. They are in smaller offices, and list and sell in order to supplement their income. I don't like the idea of my manager competing with me for listings. Their title gives them a slight edge with the public, and I don't think that's right.
How about yours? Does your manager compete with you? Are you okay with that... how do you feel about it?
ALAN MAY, Realtor®
Specializing in Evanston Real Estate and North Shore Real Estate
Coldwell Banker Residential Real Estate, 2929 Central Street, Evanston, IL 60201
847.425.3779 Cell: 847.924.3313 Email: Almay@aol.com
Evanston Real Estate & North Shore Real Estate • Licensed in Illinois
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