<Ding, Ding, Ding> Ladies and Gentlemen, Welcome to tonight's main event.  In this corner we have weighing in with two companies and one representative, "Co-branding!"  And in the other corner, also weighing in with two companies and one representative, "Multi-Licensing!"  Remember, we want to see a good fight.  Now go back to you corners and come out fighting.  <Ding, Ding, Ding>

                                                          

Over the past month or two since I have joined AR, I have seen the controversy over "Multi-Licensing."  There are some strong advocates as to why "Multi-Licensing" is bad and wrong.  The arguements are in favor of protecting the client.  So, in tonight's fight "Multi-Licensing" is the bad guy.

But, I want to introduce a new fighter to this prize fight.  The fighter's name is "Co-branding."  Is it the same beast of evil as "Multi-Licensing," just under a new mask?  Or is it a hero coming to forever send "Multi-Licensing" into the depths of ill fame?

 First,  let's look at the life of "Multi-Licensing."  "Multi-Licensing" is one person or company who has achieved the status of wearing many hats.  In our industy, the "Multi-Licenser" could be a realtor and a mortgage professional, or a realtor and an appraiser, or all the above.  There are many variations to what a "Multi-Licenser" could accumalate.  The "Multi-Licenser" set out to do good.  The goal was to provide one-stop shopping for the real estate consumer.  All was going well.  But one day, the "Multi-Linceser" felt a strong urge deep inside him.  It grew and grew until it became, "GREED."  The "Greed" began to consumer "Multi-Licensing."  It was not before long that "Multi-Licensing" lost his intentions of help the consumer and turned to the darkside of abusing the consumer.  "Multi-Licensing" has been held at bay by the restless warriors of "Individuality."  They have come to rescue the consumer from "Multi-Licensing" and its quest for ill-gotten gains.

 Now, let's look at the life of "Co-branding."  "Co-branding" has existed over the years in industries mostly seperate from the real estate world.  There have been a few successful victories here and there, but not much else is known.  What we do know about "Co-branding" is that it was conceived from at least two companies, who united in a common goal.  These seperate companies, each offering a service unique to its consumer, saw a chance to bring peace of mind and convenience.  They knew that by doing the services on their own would lead to the same fate as "Multi-Licensing," but together they could form the ultimate fighter.  Each company would elect a select few to become the "Co-branded."  The "Co-Branded" would then have at least two companies to report to, and each company would have checks and balances against these "Co-Branded."  Once the "Co-Branded" have been spawned, there is no other affliation between these companies other than the "Co-Branded", themselves.  One form of the "Co-Branded" has been seen as a Real Estate company selecting a few realtors to work for the local mortgage company as mortgage professionals.  These realtors are the point of contact for both companies, and thus have brought about "Co-branding."

Now, will "Co-Branding" win tonight's title? Or will it suffer the same doom of "Multi-Lincensing?"  We will see, as we GET READY TO RUMBLE!!!

                                              

 

8 Comments on Co-Branding vs. Multi-Licensing

NOV
21
2006
147,095 Points 15 Featured Posts Localism Sponsor

Wow- I would have forecast a ton of comments on this one!

There is nothing wrong with having more than 1 licence and offering more than 1 service AS LONG AS you do not force Clients to use you for everything!

12:40pm • #1
21 Featured Posts
Me, too.  I was hoping for a lot of feedback on this.  Oh, well
1:20pm • #2
1,361,685 Points 244 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Jason, I just saw this. VERY CREATIVE, and good explanation of the two.  I will be watching to see who wins, or maybe it will be a draw and the winner will be by knock-out.

2:26pm • #3
21 Featured Posts
George, at this pace, it will be a full 12 round fight where I think the decision will be undecided.  I have not gotten any feedback on the topic.  I will keep you updated if things change.
3:29pm • #4
NOV
28
2006
2 Featured Posts

OK, here's at least some comment.  I think that co-branding isn't much different than creating a good referral relationship.  I have attorneys who send me business, and likewise I send it to them.  I personally feel that multi-licensing creates an opportunity to take advantage of trust in one relationship, and abuse it in the other.

 I was shocked to learn that this is common in states like Texas.  In MA where I live and do most of my business, it is actually against the law to be a part time originator.

11:07pm • #5
NOV
29
2006
21 Featured Posts

Bob - you have been busy reading some of my posts.  Thank you for taking the time.  I do agree that in ways a multi-licensed company preys on the trust of the client.  After all, if we are all to watch out for the client from what the others are doing, who is really watching out for the client if everyone is the same person/company.

8:41am • #6
2 Featured Posts

I appreciate the fact that you've got something to say in your posts.  I've seen alot of regurgitated material from other posters.

I think that mutli-licensing is nearly a conflict of interest, and so I avoid it. Also, since I choose not to sell real estate, it is an easy position for me to take.

8:48am • #7
21 Featured Posts
Thank you... I try to be different. :)
9:06am • #8


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Jason Price

Eustis, FL

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Mortgage Financial Group, Inc

Address: 725 E. Alfred Street, Tavares, FL, 32778

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