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National brand recognition - is it still relevant in today's market?

By
Real Estate Agent with McCarty Homes 246247

I find myself at the crux of a critical decision these days.   I have recently had something happen at my brokerage that is causing me to ask myself whether or not associating with a national name brand is relevant in the public's eyes and still critical to the success of my business.   Ask me just two years ago and I would be able to tell you immediately that I thought it was still very important.   But, given the amount of technology that the public has access to, and the way that most of my leads are coming to me, I am not so certain any longer.

Before the public had access to all of the information that is available on the internet now, I believe it was important to most buyers and sellers to seek out "experts" - those deemed to be better at what they do and those presumed to know more knowledge, better training and a longer history in the business.  

These days when I ask a new customer how they found me, it is usually "on the internet".   When I ask them the website and even suggest whether it was a search on the REMAX site, or where they looking for a REMAX agent the answer is usually no.   They are looking for a person, not a brand.   If you are associated with a brand it rarely seems to be as important to buyers and sellers as it once was.   The emphasis is now being placed on finding the person who is ready, willing and able to guide them to success in their purchase or sale.

I would love to have feedback from agents and public alike - am I way off base in my conclusions?   Are the national brands like REMAX, Keller Williams, Coldwell Banker and Prudential still a necessary component in the eyes of the consumer?   Your comments are welcome!

Posted by

Stephanie McCarty              

Berkshire Hathaway HomeServices Georgia Properties

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Comments(6)

Suzanne McLaughlin
Sabinske & Associates, Inc. (Albertville, St. Michael) - Saint Michael, MN
Sabinske & Associates, Realtor

Stephanie, I can tell you from my own perosnal experience that it doesn't help.  I am just as successful without a big box and big logo...

What matters is your integrity and your client base...that will carry you much further than a jingle. 

Good luck on your decision.  I will check back to see how it turns out. 

Jan 24, 2011 12:38 AM
Robin Scott
Robin Scott, REALTOR® - Austin, TX
Broker, REALTOR® - Austin Texas

Stephanie, Before I made the decision to become an independent broker, I asked the same question. I had noticed so many more independent broker signs and was obtaining most of my own business. One year into it, my business is about the same and I don't think I could work under a national brand because I'm just too independent. However, I know someone who is with Remax in Colorado and does an incredible amount of business. Her advice to me was to go with a national brand name so I guess it depends on you and what you want. At one time it did seem to matter but I'm not convinced it does today. What kind of internet marketing do you use to generate business?

Jan 24, 2011 12:43 AM
Tony Morganti
RE/MAX Crossroads in Cuyahoga Falls and Stow, Ohio - Cuyahoga Falls, OH
CRS, ABR, SRES - Cuyahoga Falls, Stow

Stephanie,

I think a lot of it depends on how long you've been in business and how well you have developed a client base that you can work from.  I spent many years with Century 21 and then went to a small independent company.  At the time I also felt I no longer needed a brand name for my business, and while I did well at the independent, I came to realize there was no way they could provide the far-reaching and much more comprehensive services to me that a major brand provided.  Two and a half years ago I joined the RE/MAX system and have since had the two best years of my 30 plus year career.

Jan 24, 2011 12:47 AM
Virginia Gardner
Roy Wheeler Realty Co. - Charlottesville, VA
Realtor, Charlottesville, Serving Central Virginia

I am not with a national brand, but my firm, Riy Wheeler Realty C., has a large presence in my area, so... that name recognition is there, and I'm glad I don't have to think about it much.  I think there's a certain percentage of buyers who are comforted by the name recognition of a national brand, but I believe that those are going to be relocation buyers.  Locally, the client ultimately hires the agent, not the company.

Jan 24, 2011 01:02 AM
Stephanie McCarty
McCarty Homes - Canton, GA
REALTOR

Robin, since you asked, I'll tell you what I do for internet marketing - basically, everything that I can find.   There is so much that you can do online to give yourself exposure that is absolutely free.   Then, when it comes to paying for exposure I take a test approach.   If I believe it has merit and the price is reasonable I may try it for 6 months to see what develops.  

I find that it is almost impossible to tell what is working half the time.   Many callers when asked how they found me will simply say "on the internet."   If you ask was it Trulia, Zillow, Activerain or the REMAX site, often they don't really know.

 

Jan 25, 2011 05:41 AM
Debbie Jean (DJ) Artrip
Debbie Jean (DJ) Artrip, Cardinal Real Estate, Northern Mich - Hawks, MI

Hey Stephanie,  I think you've hit it on the head...the buyers don't care about your "name brand" they want to be able to find you on the internet.  I'm sure there was a time when branding was rather important but in today's techie era, our buyers are much more savvy and they aren't looking for the "name" they're looking for what your have to offer and is it what they want.  I started my career in 1988 working for a big brand name (Century 21) but in 1993 I opened my own office, Cardinal Real Estate and I've been selling real estate as an independent broker, ever since. Where I used to send a large portion of my operating budget on paper ads, now 99% of my marketing budget is spent on the internet...and the buyers find me, not "a name".

Plus, over the years I've ran into various different buyers who have said they had a bad dealing with a brand name, therefore, they'll never deal with that company again.  That's craze considering all the franchises are independently owned and have nothing to do with each other, except their name and possibility cooperate marketing plans, logos, etc.  Independent companies don't have to ever deal with a preconceived opinion from a potential client or customer.

Jan 27, 2011 11:53 AM