I think this post has been screaming to get out of my head ever since I left the first real estate firm I joined when I moved to NC. But, before I unleash my wrath let me first provide you newer agents with some background on Branding.

Before joining any firm, a real estate agent should become very familiar with the firm's marketing philosophy and over-arching goals.  Is the firm focused on building their name and services in a way that supports their agent's business OR is the firm building their name and services to build their direct income at the expense of the sales associates?  In other words, are they agent-centric or firm-centric?

I remember first thinking about the term brandingwhen I become Director of Business Development for a family-owned 3-office firm in Pasadena CA. in 1999.  At that time, the giants like Coldwell Banker were busily gobbling up their competition and creating the mega-name they are today.  To compete, my president and I focused on creating a marketing strategy that would "brand" us as THE local, privately-owned real estate firm.  Our goal, of course, was to continue to attract strong agents and to build our brand or name awareness in the community.  This was in every way meant to support our agents' own efforts to get listings and build their businesses.

When my husband and I fell in love with Lake Norman and moved here in 2005 I decided that I needed to, against my better judgment and what my gut was telling me, join the biggest firm with the largest market share in the area since absolutely no one knew me.  New agents usually benefit from an association with a firm with a strong presence in their area.  I just chose the wrong firm.

This particular firm was and still is branding themselves to feed their bottom line and in many cases places themselves in direct competition with their own agents.  I had never before worked for a firm where I felt more, well, violated.  

The genius behind their firm-centric business model is that they are so large that they can afford to design a comprehensive marketing plan and transaction management and MLS systems that puts them completely in the driver's seat.  Hidden behind the sales contests, marketing blitzes, and hoopla are a well designed back-end set of systems that feed almost every lead through the company thereby allowing the company to request a referral fee of up to 35% depending on the lead.  And, their database management program allows the company to have access to the agent's entire client database!

The most egregious aspect of their systems was their touted agent websites.  Each agent got a website under the umbrella of the firm.  However, EVERY request for information, CMA, or email that was sent from the agent's website to the agent was actually directed to the FIRM'S "Net Relations" department, NOT to the agent directly. Very clever but very uncool. 

After a year of extremely low commission splits, high referral fees and yet very few actual leads or referrals, several run-ins with the management in an effort to fight for my client's rights I left and went to a local RE/MAX office where I am very happy.  

My intent in writing this post was not to tout any one real estate firm but to make you all think about your own firm in a more big-picture way.  What is their mission, their branding goals and how are their lead generation programs handled and distributed?

The moral of my story is that the biggest isn't necessarily the best for even the newest of agents.  Do your homework and then follow your gut instincts!

 

 

86 Comments on Branding: Is your Firm Supporting You or Competing with You?

Yeah, I have to agree, I made the mistake of joining Keller Williams only to find out I came across the brokers left and right as competition....big mistake that was!

09/13/2007 02:55 PM by Main Line Real Estate - Christopher Benedict (RE/MAX Main Line)


You did well, not naming names (but i know that background in your profile photo!!). =)  The conventional companies will never admit that their strength lies in their people.  The smart companies encourage and expect their agents to brand themselves.

09/13/2007 03:56 PM by Leigh Brown Charlotte NC Broker/Owner (RE/MAX Signature Properties)


Diane - thanks for the honest reflection on your past experience. I am not even sure I understood it correctly - did the firm charge the agents 35% referral fee on the leads that came to the agents' web sites? How does your present firm handle lead distribution? This is one area that may not be clear when starting with a firm or even later.

09/13/2007 05:05 PM by Faina Sechzer - Princeton, Montgomery, Hopewell, NJ Real Estate Expert (Henderson-Sotheby's International Realty)


Christopher:  Interesting...do you mean competition in sales or lead generation?  My focus here is on the company systems that are designed to brand the company at the expense of the agent.

 

Leigh:  I REALLY need a new photo but haven't had time:)  I was astounded at the way the old company was run and terribly disappointed that they try to take advantage of unknowing agents. I agree,  Agent branding is vital!

09/13/2007 05:08 PM by Lake Norman Real Estate ~ Diane Aurit (RE/MAX at the Lake)


Faina:  The firm charged 35% for relocation referrals (they had a separate relocation department) and a 25% fee on any referrals from the net relations department.  If a lead came directly to an agent's website the net relations department would respond and then send us an email as well.  If we did not respond to net relations within 3 hours the person who sent a request directly to us was given to another agent who then had to pay a referral fee.  Is that clearer? 

The bottom line is that the firm tried to get a referral fee just about every way possible and designed quite an elaborate system to do so.

 

09/13/2007 05:19 PM by Lake Norman Real Estate ~ Diane Aurit (RE/MAX at the Lake)


Congrats on the feature Diane.  You are a writing machine!

09/13/2007 06:05 PM by Jason Sardi, Pennsylvania Mortgage Broker (First Choice Equity Group Inc.)


Diane - it's not even Halloween and that is one spooky story (LOL) - glad I never had to experience all that - hopefully you'll save someone else the experience in the future - thanks for sharing 

09/13/2007 06:15 PM by Clearwater Real Estate Clearwater Beach Condos & Homes for Sale- Cyndee Haydon (Belloise Realty)


This is an awesome post on so many levels!  When I entered RE in Nebraska I chose the largest company and now I am a believer in small independents.  Our small independent is a quickly growing volume leader in the valley - and we only have something like 60 or 70 agents but they are ALL productive.  We have to think of ourselves as a commodity, we are wanted and we have worth.  Nothing is ever handed to us from our brokerages, we have to work for ourselves!

09/13/2007 06:18 PM by Renee Burrows - Las Vegas NV Real Estate (Nevada Realty Solutions)


You couldn't be more right!  Agents need to stop spending their marketing dollars and prospecting hours building someone else's brand and business.  The industry would be in a far better place if more agents focused on building a real estate business and stop thinking about it as a job (or worse yet a hobby).  Thanks for the thought!

 

09/13/2007 06:24 PM by Chris Pollinger (Mastery Coaching)


Diane,

The last company I was with and the only other in FL...competed with the agents and we started branding ourselves when we went to Remax.

09/13/2007 06:30 PM by Neal Bloom-Realtor ® Assoc.-CRS-Weston FL (RE/MAX Premier Associates)


Diane even a seasoned veteran like yourself can fall into these traps.  You thought through the marketing issues and knew the recognition you would benefit by with the largest player in the market.  The business models are not always very clear until you have committed.  This is a very nice post and a real eye opener for those that do not understand business models may not offer the same types of benefits.

09/13/2007 06:43 PM by Gary White~ Grand Rapids Real Estate, FLexIt Realty, a call or click away! (Flexit Realty~Serving West Michigan)


I notice this alot with some brokerages, even Re/Max's and such - its amazing how different brokerages are run.  I have a lot of clients that have moved brokerages just for the fact that their broker is competing with them.  I have seen brokers take their agents idea's and implement them as their own.....Crazy!

 

 

09/13/2007 06:54 PM by David Fox, The Real Estate Tech Desk (The Real Estate Tech Desk)


I think most agents would be surprised the lack of exposure they get from their broker.

09/13/2007 07:08 PM by Gary Smith, Realtor® (The Michigan Group - Livingston)


When we meet with new clients...most are SHOCKED when we tell them that their broker is not their to advertise them,  but to advertise the brokerage....which is true!  The brokers job is to advertise the brokerage to get the business coming in to the company which in turn changes to leads.   It is the AGENTS job to advertise and support themselves (even though the broker is their for support, ultimately its the agents job to advertise themselves) That's why when we do branding for the agents or build websites, that the brokers information is small and usually at the bottom----we are trying to advertise and BRAND YOU not the broker (that's the brokers job)  it's your money that your spending on the advertising  I love when I see the company logo HUGE on a marketing piece or a website, and the agents photo itty bitty on the bottom corner of the flyer  - alot of brokers tell you to advertise the company first and you second and then really that only benefits the company

09/13/2007 07:15 PM by David Fox, The Real Estate Tech Desk (The Real Estate Tech Desk)


Diane - I had a very similar experience, though I didn't join the big company due to relocating, but due to being acquired. It was evident after months of trying that they wanted their brand and their fees above all - and I made the same change you did. The difference between a company centric company (you make money because you're with us) and an agent-centric company (we make money because you're with us and you make money) is HUGE!

09/13/2007 07:22 PM by Sharon Simms St Pete Florida CRS CIPS CLHMS (RE/MAX Metro)


This is a great blog. I was just commenting to something similar to this earlier this afternoon. My closest experience with a big name was the Office Manager walking me out the door because I wanted to start part-time (back in those days where it's possibly a hush-hush thing to say).

I went to 2 independent brokerage firms since then. I'm one myself now. I feel that it should be a agent-centric office after all, the agent was the one that pours all the money into the marketing, etc.

09/13/2007 07:23 PM by Loreena Yeo - Realtor(R)/Broker proudly serving Frisco TX Real Estate (3:16 team REALTY)


Diane, this was excellent on your experience as a RE/MAX agent I hope to meet you in Vegas in March. There are large companies in my area that do the exact same thing. How do the agents make money ? Who knows, but that style was not for me. I am always being recruited and the numbers only make since for me at RE/MAX.

One thing we do with new agents is have a orientation on what branding Remax does and what branding they are to do.

09/13/2007 07:26 PM by Missy Caulk Ann Arbor Real Estate (Keller Williams Ann Arbor)


Diane....cant complain about RE/MAX!

09/13/2007 07:28 PM by Katie Evans (RE/MAX Preferred Realty)


I have always been a loyal Re/Max agent . Since moving to NC in 2005. I tried 2 Re/Max franchises snd they both had competing brokers. My last office had a competing Broker and a competing receptionist. Not all Re/Max offices are equal.  Good luck and I wish you the upmost success.

09/13/2007 07:46 PM by Rebecca Savitski NC Real Estate Listings (NC List for Less Realty Incorporated)


Hi Diane, I find myself kinda speechless reading this post ;-)  I am aligned with Coldwell Banker, but have worked diligently at branding  "I, Me, Mine"  since day 1.  I'm probably not the most popular agent in the company, but certainly I'm the agent most able to sell her business down the road.  Call me naive, we are a small CB office; I haven't really thought about the competition within - much - yet!!!  Having said that, I do see some truth in what you say.  Blog-on!!

09/13/2007 08:00 PM by Gail MacMillan Titusville/Brevard County FL Real Estate (Home Sweet Home Florida Realty, Inc.)


Diane, very astute.....agent-centric is what all brokers tell their people they are, yet why do they receive a large portion of the commission?  How many times have you heard or been aware of this statement...It is not the company, but the agent, a successful agent will most likely be successful anywhere, but why do they work for the large companies....to hang out.  It takes guts to go out on your own, or work for 100% companies, and brand yourself.  I could go on and on,  there is something about paying the broker, and franchise fees that always irked me.  Our people pay a small monthly service fee (tax deductible) and receive 100% of THEIR commission.

Dick Beals

09/13/2007 08:02 PM by Realty Executives of Wilmington


KW is agent centric, that is why you will never see a KW commercial - all their $$ goes into educating their agents.

09/13/2007 08:13 PM by Mariana Wagner ~ Colorado Springs REALTOR® (Wagner iTeam -Keller Williams Clients' Choice)


Excellent post Diane.  Very helpful for agents to review and see how they stack up in individual offices.

09/13/2007 08:23 PM by Bill Gillhespy Fort Myers Beach Realtor (Century 21 Tripower Realty)


Diane, Yes the big firms try to get into there agents pockets anyway that they can. Turnover to them is just "NEW MEAT". They also create environments where the brokers and managers directly compete with there agents. Special rules if you do not respond quick enough a manger or other get's the lead without the same restriction, what can I say etc, etc, etc. as said by the king of Siam.

So does a company exist where a team atmosphere really exists. No individual agent signs but company signes. Company advertising directed to bring business to the "OFFICE" and not individual agents. Where if I participate and win so does the team ?

Just wondering..... Great Post 

 

 

09/13/2007 08:32 PM by Doug Beaver - Corona Norco Riverside Homes (Century 21 Olde Tyme)


Great post on something that is a very integral difference between larger firms and the smaller ones. I work for a large localized brokerage (John L. Scott) which has a very strong regional presence and you're correct that the focus is on building their brand in the marketplace. In fact, my broker would like us all to stick with consistent flyer designs. etc. but I have always been a "Gotta Be Me" person so I never listen to anyone, especially since my brand predates my relationship with the brokerage. I do find in the marketplace that my brokerage does a stellar job on keeping us up to date on changes in MLS documentation, legal decisions pertinent to my business and keeps legal counsel on tap for us should we need it. This and on-going training keeps me where I am as opposed to jumping with someone that's got lower desk fees.

09/13/2007 08:40 PM by Irene Potter (Zip Realty)


Interesting post.  I'm not sure if I agree with competing vs. supporting.  I switched last month from a company that promoted self branding but provided little support.  I know have franchise fee, a very small desk fee (so I forgo one lunch) vs having to pay for most of my advertising and other services.  The marketing support is also better.  Referrals/Relocation fees - I think they are the same in both places - not in the agents favor:-).

Even thought I am with a large branded company, I can still brand myself.   I can have my own website and get my own leads.  I'm not sure if things have changed (I left and went back), the leads generated from the website on my listings were "fee" free however, if they were not on my listings, it was considered a referral.  Many agents within my company "brand themselves".  We have to pay for this, but I paid for this at the other company as well.  I don't *have* to rely on my own funds to market my properties - that is a huge difference!  I know if funds are low, that the company paid advertising will suffice - at the other place it did not.  Of course, like Irene, there are times when I gotta be me....

Doug asked about "office signs" vs agent signs.  I know the one, possibly two larger boutique agencies that target the prime properties in our area do no allow agent riders. 

I found the comments on KW interesting - I don't work for them and have not in the past, but the KW in this area do a lot of self branding.

There is no one business model that fits all.  

09/13/2007 09:18 PM by Judi Glamb, Associate Broker, ABR (Coldwell Banker Hearthside)


DIane,

You obviously hit a hot spot with alot of us. I am in Jacksonville,FL and there is a local company that has a huge market share here. ALot of new agents go there, because they dangle leads in front of them (up front, they don't tell them....they have to pay for them) and give them postcards, pay 1/2 of some of their advertising, give them signs, etc. Heck, with the amount they TAKE from their agents, they could probably afford to give them a whole heck of alot more. In my opinion, they are enabeling them. You know the story..."give a man a fish, he eats for a Day, Teach him to fish, and he eats for a lifetime." All the advertising and signs...ONLY have that company's name on them. IF a buyer calls on your listing, and happen to call the company number instead of your number on your rider....the On Call agent gets it, the agents are NOT sign protected on their own listings?! Unheard of?! I was with Keller Williams in Tampa, and then moved here to JAX, and wouldn't trade companies for the world. We are a totally Education based company. We are always stretched to get to the Next level....from 5 million to 10 million, to 25 million...you can ALWAYS LEARN MORE!!! And we're taught from the beginning, it's all about branding ME!!! And the other thing I love, is ALL the agents are willing to HELP any agent needing help...because of our Lifetime Profit sharing Program. It's great to know I am building a nest egg for MY son, when I'm long gone.

Plus, I love our Culture, it's God First, Family Second, and Career Third!!! Totally the way I live my LIFE!! I am on our ALC (Agent Leadership Council) which means a group of us (top agents in the office) are in charge of making the decisions that are best for the agents in the office, to help the agents and office grow! It feels great to have a say in the way the office is moving ahead!!

It's great that we can all love the Company we're with!!! This business is so fun...that you get to meet such Great Professional people all the time.

09/13/2007 09:35 PM by Jeannette Kohlhaas (Keller Williams Realty Jax)


Diane, you inspired me to do a post based on your's, from my experience of owning a marketing company, and working extremely close to many many brokerages!

 http://activerain.com/blogsview/204073/It-s-YOUR-Money

 

You did a great post!  Its's getting great attention!

09/13/2007 09:49 PM by David Fox, The Real Estate Tech Desk (The Real Estate Tech Desk)


Dianne,

Congratulations on an excellent blog.  This should be essential reading for every rookie agent! I had a similar experience myself when I first started.  Not quite as blatant as what you are describing - but it came close. From my limited experience, I am suspicious of very large brokerages generally.  This is the case if only for the reason that larger brokerages have the money for marketing that does indeed place the agent in direct competition with the brokerage.  Worse yet, a newer agent on a 50/50 split is indirectly FINANCING their competition with every transaction.

 For those who were commenting about franchises such as Coldwell and Keller-Williams, I think everyone should remember that the principle broker sets the tone.  For the most part, each franchise is individually owned and run.  Just because you had one bad apploe for a broker doesn't mean that there aren't other franchises with wonderful brokers who support their agents.  We should try not to generalize.  The reverse is also true....just because you have one GOOD experience with a franchise doesn't not mean your next experience would be the same. 

09/13/2007 10:02 PM by Ruthmarie Hicks (Keller Williams Realty)


I was very lucky when I started in the business.  I landed in THE biggest independent brokerage in San Francisco.  Big enough to spend some marketing dollars, but not so big that they compete with me.  In fact, I've been surprised that when I need to come up with ideas that help me brand myself, our marketing department is always ready and available.  IF we chose to get leads from our internet team, there is a 25% referral fee.  But it's worth the money because the adverising my company does is expensive, and it's not coming out of my pocket unless I close the sale.  Anyhow... I agree on the importance of picking the right company, and making sure it is an environment where the agent is supported, and not nickel and dimed out of the industry. 

09/13/2007 10:03 PM by Luba Muzichenko, San Francisco REALTOR® (Zephyr Real Estate)


I have to say that I love the firm I work for. It is a Century 21 office and our Broker is out standing. There are no referral fees for leads and she is liberal with leads.

09/13/2007 10:05 PM by T.U.P. Realty


Having moved to a new city also, I made the decision not to join the local mega-company. In the short term I might have received some name recognition but I knew for the long term it would be a big mistake. I am a big believer in agent centric companies. I have a lot of ideas and very strong opinions. I do not want anyone telling me how to run my business or deciding what is best for me.

ar

09/13/2007 10:10 PM by Overland Park Homes & Real Estate:: Michael Russell (Overland Park KS Realty Executives )


That is a very good question that you posed in your title post Diane. But I can't believe that the company that you use to be with company's database management program allows the company to have access to the agent's entire client database -That's wild. Great post.

09/13/2007 10:12 PM by Lanre Folayan "Buy a home in Washington,DC" (EXIT PREMIER REALTY)


Diane,

  Your post was extremely helpful to me, as I am beginning my search for my first office...you presented some really excellent points!  Thank you.

Faith LaRosse

09/13/2007 10:14 PM by


absolutely!  I spent my first 2 years with a company that "wasn't me".  Do your research upfront

09/13/2007 10:15 PM by Jennifer Walker-Derby, Realtor Extraordinaire (Re/Max Westside)


I am so glad you wrote this post.  I have to agree completely.  It is horrible to compete with your own broker and to be a non-entity  -- all the while bringing in lots of dollars for the broker.

09/13/2007 10:27 PM by Joan Whitebook, ABR, e-Pro, CEBA (Buyer's Option Realty Services)


Diane, there are so many different models for real estate offices now.  I remember when I first started, it was pretty much a straight split, no desk fees and advertsing done for you.  Our individual brand didn't matter and wasn't even considered.  About five years ago, I started seeing a significant change in the industry.  I moved to KW from Prudential John Aaroe in San Marino because I felt that I could brand myself better with KW.  Even with Pru, I was always very conscious of creating my own personal branding vs. promoting the broker.

I would have never thought to ask a broker whether or not they collected lead referral fees, how they handled web site leads, etc.  What a great post to give all of us a "heads up" on how certain brokers/offices run their business.

Congrats on the FEATURE!!!

09/13/2007 10:33 PM by Pasadena CA Real Estate - Irina Netchaev (Keller Williams International Realty)


Diane,

Like the branding iron graphic. And in the title yours is a very good question. Time after time brokerages talk about branding, and what they really mean is we spend our advertising and marketing dollars to brand them, and it's ok too if it brands us. Think the whole shebang is rather insidious. Our sole focus is on branding us, and staying within the rules of logo size and placement at their minimum. We like our brokers, they are the best, but our first and only branding choice is for our families best interests, after that of our clients of course.

Cheers 

09/13/2007 11:00 PM by Gary Bolen (CRS) Lake Tahoe Real Estate Information (Dickson Realty - South Lake Tahoe)


Branding for all professions is often overlooked, VERY important, and if done properly, people WILL remember that and YOU!  

Signature 

09/13/2007 11:29 PM by Ronald Gillis, CNSA Southwest Florida Notaries, Port Charlotte, 941-7-NOTARY (Southwest Florida Notaries (Mortgage Notary Signing Agent))


Diane:  What you describe happening at your former company sounds like absolute total nonsense.  A company can only be successful if it encourages, promotes and facilitates the success of their agents.  Anything else is extremely short-sighted, and in my opinion, is destined for failure.

I must also admit that, even in a large nationwide real estate giant, many things can vary from local office to local office, depending on the Broker/Owner of that particular office.  In my case... I am blessed.  Thanks for your great post...  Karen Anne

By the way, hearing you talk about your falling in love with Lake Norman makes me want to learn more about your area, so I will happily be checking out your blog and your website.

09/14/2007 12:18 AM by Fort Worth Real Estate - - - Karen Anne Stone (RE/MAX Trinity)


Thanks for voicing this.  I too had a similar experience with the first office I joined.  Needless to say, I did not stay very long.  I love my current office and broker and would never even think of going to anouther office.

09/14/2007 12:42 AM by Joe Zapata - Your Burbank Real Estate Expert (Windermere Real Estate / Bill Toth)


Good post. Would have to say that, having hung license at different brokerages over time that there seems to be none who are truly agent centric. You end up doing the best with what overall works for you at the time.

09/14/2007 01:02 AM by Bob & Carolin Benjamin - E Phoenix Arizona Real Estate (The Benjamin Team - Keller Williams Integrity First Realty )


Diane, awesome post.

I also am a RE/MAX agent (with RE/MAX Advantage 1, Inc. in Chesterfield)  Our broker/owners are meticulous about their agents receiving the calls for their listings.  Our front office staff is highly trained with a specific series of questions to get to the bottom of "who owns this call?".   We have branded websites, but all inquiries to our websites come directly to us. 

I'm happy you found the brokerage that works FOR you Diane.

09/14/2007 05:12 AM by Kris Wales-Macomb County MI Real estate (RE/MAX Advantage 1, Inc.)


Jason:  Thanks for the "congrats"...believe it or not I wrote this for me and almost didn't post it!

Cyndee:  Thank you for the comment and Happy Halloween:)

Renee:  Thanks so much.  It's great to hear that you have found a firm that provides a thriving environment!

Chris:  Yes, so many of us spend so much money helping brand our firm rather than ourselves.  I think there is a future blog out there about self-branding.

Neal:  I love the fact that RE/MAX encourages self-branding too.  Maybe you or Broker Bryant could write a post on how you have branded yourselves successfully?

Gary:  Thanks so much for the kind words. As you said, I had a very strong background in marketing and branding and STILL chose the wrong firm.  However, I did learn a lot and now I know my competition!

David:  Great comment. Yes, if allowed, , many firms require large logos etc. on all agent advertising.  I understand how difficult it is to run a firm and make it financially viable but I think taking it to the extreme where everything is firm-centric is never good for the agents.

Gary:  You are so right!

Sharon:  Thank you for sharing your story!

Loreena:  Thank you.  I think when there are myriad rules that should be red flag to agents!

Missy:  I hear the event in March is going to be awesome.  I wasn't planning to attend but if I do we will have to meet up for coffee!  The RE/MAX business model is truly wonderful and I really have great owners too.

Katie:  Neither can I!

Rebecca:  You are so right...the owners and BICs can make or break any franchise.

Gail:  Great job.  You should be focused on your own branding and any firm that provides an environment that allows you to thrive is a good one!

Dick and Sandy:  Thanks so much  for sharing your perspective.  You are so right.  Ultimately most clients hire the agent not the firm and a top producer will do well just about any where, especially if they know how to brand themselves!

Mariana:  Thanks for sharing about KW.  I am not as familiar with their marketing strategy.

Bill:  Thanks so much...I hope to save others from what I went through!

Doug:  My old firm just loved new agents...50% splits, mentoring fees, etc.  I think a large firm can brand themselves and be agent centric.  I think RE/MAX does an excellent job at this and I am sure there are others.  It comes down to the owners, don't you think?

Irene:  I'm so glad you wrote about your experience at John L. Scott as they are such a hugely successful mega-company.  Interesting that you have created the best of both worlds for yourself....taking the training and yet marketing independently.  Thanks for you comment.

Judi:  You are absolutely right, there is no one business model that fits all.  You choose to lean a bit on your firm for advertising support and paying a bit higher fees.  I, personally, would rather do all of my own advertising but that's because I have a lot of marketing experience and I love to individualize my marketing to each listing.  Thanks for sharing!

09/14/2007 08:43 AM by Lake Norman Real Estate ~ Diane Aurit (RE/MAX at the Lake)


Branding is so very important and thinking about the connection to your firms branding is good information. Thanks for the thoughts and congrats on the feature.

09/14/2007 08:48 AM by Brad Snyder (Sierra Vista Realty)


Diane, beautifully written and definitely something every real estate agent should think about.  When Rick and I got into real estate sales, we joined Keller Williams because of their "agent-centric" model - but soon realized that also it had many pluses, the company was not a good match.  We were able to go into one of the giants.....Coldwell Banker.......and they allowed us to keep our branding.  At first with a blind eye from our manager, then I guess they realized they would loose us.  

As a new agent, that's not branded yet, the big company may be a good idea - just make sure wherever you go, they let you brand yourself as an agent......EXCELLENT POINTS!

09/14/2007 09:23 AM by Rick & Ines - Miami Shores Real Estate (Majestic Properties)


Jeannette:  You hit the nail on the head.  My previous firm had so many support systems in place that the agents became dependent upon them to the extent that I think the producers were afraid to leave.  It sounds like you are with a great firm and are so happy.  Thanks for sharing!

David:  I will check it out!

Ruthmarie:  Thanks so much.  EXCELLENT comment.  I encourage all to read it.

Luba:  First of all, you are very lucky to be in San Francisco!  I went to Berkeley and love it there. I'm glad your company works for you.  That is really the point of this post; just to encourage agents to think about their own firm.  If it works for them, then that is all that matters. 

Jeff:  It sounds like you are in the right place for you.  It's all about the owner isn't it?

Michael:  You definitely know what you are doing.  I'll bet you are very successful too!

Lanre:  Yes, it is wild.  When I asked the IT staff if they had plans to use the agents' client databases they said "not yet".  Hmmm!

Faith:  I'm so glad, thank you!

Jennifer:  Thank you for your comment.

Joan: Thanks!

Irena: Your Prudential John Aaroe was a great office but times have changed that's for sure.  Look at how the Kelsey-Ashworth team branded themselves out of thin air!  It was certainly an eye-opener when I moved here.  Thanks for your comment.

Gary:  Amen to that!

Ronald:  So true!

Karen Anne:  Thanks for your comment and for visiting my Lake Norman post!

Joe:  I'm glad you have found the right fit for you!

Bob and Carolin:  Are you saying we choose the lesser of all evils?:)

Kris:  Thanks so very much for your support and kind words!

09/14/2007 09:33 AM by Lake Norman Real Estate ~ Diane Aurit (RE/MAX at the Lake)


Brad:  Thanks for your comment and congratulations!

Rick and Ines:  You are so right.  Once you get to a certain level even at the big firms the rules either bend or break altogether because they need you more than you need them!  I think you should right a post on agent branding since you have been so successful.  Thanks for your comment!

09/14/2007 09:38 AM by Lake Norman Real Estate ~ Diane Aurit (RE/MAX at the Lake)


Hi Diane,

Thanks for this timely post.  We've been kickin around the idea of a possible move and this post may have been the deciding factor we needed.  It is definitely a tough market but it's true that the best way to approach any business decisions in this business is to set a goal for what works best for you.  Congrats on your Feature!

09/14/2007 10:19 AM by Pascack Valley Real Estate>> Lisa and Robert Hammerstein (Coldwell Banker)


I'm amazed at how many brokers compete within their own office.  Not a great idea for the agents in the office.  Where do the leads go?  Referral fees?  Choose your broker carefully.

 

09/14/2007 12:04 PM by Chris Lengquist, RIPS (Keller Williams Realty)


Diane, fantastic post.  I'm glad you found a firm you now love.

09/14/2007 01:11 PM by Steve Snarzyk, Realtor® ~ Saint Charles County (SCHNEIDER Real Estate)


Hi Diane, I really enjoyed this post and the comment thread. I've never worked for a brokerage with other agents so this is all greek to me. But it certainly makes sense. I feel the brokerage name should be the smallest part of any marketing. Our businesses should alwasy be handled as OUR business. Personal branding is the only way to go if you want long term success and the flexibility of being able to work for any company at any time. 

09/14/2007 01:57 PM by Bryant Tutas-Tutas Towne Realty, Inc


Lisa and Robert:  I'm glad this has been helpful.  I was honestly just shy of ranting but it seems to have struck a nerve with a lot of agents!

Chris:  Yes indeed!  And, it things don't feel right, don't be afraid to leave either!

Steve:  Thanks so much!

 Bryant:  You know of which you speak, that's for sure!  I know we would love to learn more about your personal branding success stories!

09/14/2007 02:42 PM by Lake Norman Real Estate ~ Diane Aurit (RE/MAX at the Lake)


WOW!  Working for a national franchise, I am amazed at how much national branding schlock they try to sell the brokers and agents that help pay for the national brand.  That stinks.  I am in Ocala, why should my advertising help make the phone ring in Denver?

09/14/2007 04:51 PM by Dan Homan (Dan Homan Business Consultant and Advertising Specialist)


Dan,  Actually, I was amazed at how well the International branding of REMAX works.  REMAX.com is ranked fifth in the real estate search engines and all of the leads come directly to us agents...we pick which zip-codes we want and we decide if we want them...a very fair system and I have a closed sale already to prove it.  (And, no referral fees!) You just never know!

09/14/2007 05:24 PM by Lake Norman Real Estate ~ Diane Aurit (RE/MAX at the Lake)


Dan:  What you are missing, is that RE/MAX wants the phone to ring in Denver, so someone IN Denver can talk to an agent who can then refer them to an agent in Ocala... where they are relocating to.  In my opinion, you are thinking in a very short-sighted way.

09/14/2007 06:22 PM by Fort Worth Real Estate - - - Karen Anne Stone (RE/MAX Trinity)


Great article Dian............

It just shows me that not all companies are created equal.  My particular company gives you all the specification on how your logo is suppose to be on business cards, flyer's and all advertisements but yet, they place all of their logos in PDF form where you cannot copy the actual logos.  You may copy the words but not artwork.

I design my own artwork for my brochures, flyer's, etc. and have to get my company logos from other sources.  I do this because I can and it is so much cheaper than spending thousands in design. 

When I joined this company, they told me about having a paid website for a year, a mentor system to help the new agents, 1000 business cards with color photo and many other things.  For three months now, I have received none of these things.  OOOPPPSSS  I did receive my business cards.  They look like cheap knock offs with no photo.  Not even a sheen coating to make them look a little professional. 

Asking simple questions about policies or how to do things correctly, gets you looks like your supposed to know. I guess they forgot I came into this industry brand new!  

Your article hit the nail on the head here.  Every new or even a seasoned agent, should know exactly what they are getting into before signing with any Broker.  Thanks again 

09/14/2007 06:54 PM by Roy Bosworth (Century 21 Valley Properties)


Diane,

Very well done, you make some great points. My exerience tells me that most Realtors generate their own business, it does not come from the company itself.

As an independent broker-owner I clearly tell the Realtors in my office always to sell themselves first and the company second, pretty much the opposite of a corporate position. During a discussion with a newbie today, I explained his name and number were to be the largest on his card, not our company logo. Most of the Realtors at my office are very experienced and have been with me for a long time.

09/14/2007 07:26 PM by Orange Co. Real Estate~Lynda Eisenmann, Broker-Owner, Brea, CA (Preferred Home Brokers)


I've always been with ERA, and it's amazing to me how different each office can be.  My first office was HUGE (5 offices, 500 agents, etc.), with a competing broker.  It was awful - i felt like a number with no support.  When I moved, I changed to a smaller ERA office (approx. 30 agents) with a non-competing broker, plenty of support staff, a marketing specialist, owners who have been in the business for 30 years & love offering advice or assistance (free of charge), and other agents who share listings (if they need the help) and don't backstab.  We're like a little family. 

I'm loyal to my office and ERA in this context, but if I ever had to move again, I would definitely look VERY hard at the office that I would join and not just automatically go with ERA for the sake of loyalty.   

09/14/2007 09:49 PM by Tori Stamps, MA, JD (ERA Johnson & Thompson)


Fortunately, I am with a relatively new company in our area that is trying to grow their nationally known name and reputation locally by being generous in their marketing.  I have never been turned down with any advertising  request on my listings I have made.   I appreciate your thoughts on this - it really gave me some ideas of how other companies work.

 

09/14/2007 10:25 PM by Nancy Siau, Realtor® Selling Coastal SC (Prudential Source One Properties, Pawleys Island, SC)


Oh what happened to the "easy money" we all thought could be made when first entering the business?  Eleven years later it still all boils down to hard work, working smart, and branding yourself.  Thank God for the web that gives us small guys a chance to compete with the big guys.  W

09/14/2007 11:49 PM by Phoenix High Rise and Loft Condo Expert, Will Daly at www.WeKnowUrban.com (WeKnowUrban.com)


Roy:  Thanks for sharing your story.  I'm actually amazed that you can't get your logos as that is what they want you to put on everything.  Sometimes there is no way of knowing until you actually join a firm but the good news is you can make a change and if you are still new it will be relatively painless.

Lynda:  Thank you for sharing about your experience.  Your philosophy is probably why you have so many great agents and so little turnover.  Well done!

Tori:  You are so right...it ulitmately depends on the owner/broker more than the firm name!

Nancy:  Thank you for the comment

Will:  You are so right!

09/15/2007 09:43 AM by Lake Norman Real Estate ~ Diane Aurit (RE/MAX at the Lake)


Great Post. People buy agents, not companies. A company that cares about what their agents want is where its all at! It's not for everyone, but I joined my company in 2006. Before that, I didn't have a clue on how to do this busiest.

09/15/2007 11:15 AM by Lori Lincoln~Taunton, MA Real Estate Assonet MA, Rehoboth, Dighton, Swansea (Keller Williams Realty)


You are so dead on with this post.  I am the new kid in town and there are 2 distinct market heavy weights here and one starts with a C and the other with a W and I could not bring myself to work under ether of them.  Just the way they talked to me when I interviewed them.  They wanted to treat me as a employee it seemed.  At the end of one of the meetings I actually said to the lady, so what salary are you going to offer for me to adhere to everything you just said.  I mean really, as a independent contractor, I am not going to be told when, for how long, and what I am going to do in their office.  Sorry, if you want that you better start writing me checks.

09/15/2007 09:34 PM by New Jersey Real Estate James Boyer Morris, Essex & Union County NJ Realtor (RE/MAX Properties Unlimited, Real Estate)


Lori:  Thanks for the comment!

 

James:  Good for you!!!!!

09/16/2007 07:57 AM by Lake Norman Real Estate ~ Diane Aurit (RE/MAX at the Lake)


Brands work for some people- but not for the truly entrepreneurial.

09/16/2007 05:42 PM by Chuck Willman, Arizona Realtor®, ABR, TRC (Gentry Realty)


Chuck:  Interesting comment but I'm not sure I understand...care to elaborate?

09/17/2007 07:23 AM by Lake Norman Real Estate ~ Diane Aurit (RE/MAX at the Lake)


Chuck:  Interesting comment but I'm not sure I understand...care to elaborate?

09/17/2007 07:23 AM by Lake Norman Real Estate ~ Diane Aurit (RE/MAX at the Lake)


Hi Diane...

A little late here. I read this when you posted it but Blog Boy (Broker Bryant/My husband) wrapped up what I had to say. 

I guess you can tell I am big on personal branding...

TLW...ROAR! :)

09/17/2007 03:32 PM by "The Lovely Wife"...Broker Bryant's Wife... (Co-Owner Tutas Towne Realty, Inc.)


TLW:  I was thinking about your 13 years of branding as TLW...perhaps you should write a post for us to learn more about your successes?

09/17/2007 04:56 PM by Lake Norman Real Estate ~ Diane Aurit (RE/MAX at the Lake)


Hey, there is nothing wrong with "old school"!  Branding is timeless...you were simply way ahead of your time.  It must be Eleanor R.'s influence:)

09/17/2007 05:12 PM by Lake Norman Real Estate ~ Diane Aurit (RE/MAX at the Lake)


As a broker, I try to give my agents all the tools they need for success. It is unfortunate that so many new agents go to these larger offices. I have noticed that most of them seem to get lost and some leave the business.