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BILL CHERRY, Broker & Wealth Coach (Bill Cherry, Realtor)

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Susan Emo
Sotheby's International Realty Canada - Brokerage - Kingston, ON
Kingston and the 1000 Islands Area

It would makes sense for those that use the space, pay for the space. 

Nov 24, 2015 10:58 PM
Rainmaker
1,055,762
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

You could surely try to renegotiate your deal. I haven't had bricks and mortar in 8 years because we were so electronic to start with, no one used the office at all. I never charged a desk fee even then, except to one agent in exchange for a 100% split. I have just 1 agent now, who has been with me 13 years. She works from home, pays no fees and has a lovely split. It doesn't suck to work for me. I am not hiring. ;)

Nov 24, 2015 11:10 PM
Rainmaker
1,552,082
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
CEO of Vision Drive Realty - Coastal San Diego

To each their own, but...

Your lack of use of the office, is on you. I'd say get into the office more :)

I never understand why agents want to work in the isolation of their homes? The energy & culture of the office gets the spark plugs firing.

I start my day at my office almost every work day. Unless I have a 7am or 8am meeting, I go there first. It's like my Superman phone booth for turning Husband & Dad man into professional Realtor man for the next 8-10 hours.

 

Nov 24, 2015 11:05 PM
Rainmaker
1,466,257
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

BILL CHERRY The brokerage has overhead expenses that have to be paid. Not using the office shouldn't make any difference. The office is just one aspect of working with the brokerage.

Nov 24, 2015 11:03 PM
Ambassador
6,413,711
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

That is an issue to discuss with the broker, just keep in mind that if your fees are reduced too far that office may not be there for long.

Do you want your company to be a strong and vibrant presence in the community or a run down shack that will drive clients to a more prosperous firm?

 

Nov 25, 2015 03:37 AM
Rainer
94,155
Val Evans
Scottsdale, AZ

I never could understand the office concept, except for having a place for the admin personnel to process all the paperwork/billing that all the salespeople generated. When I was in sales, I spent 99% of the time out in the field relating and conversing with my current clients, in addition to picking up new clients on a person to person basis. Don't most realtors do the same?

Nov 24, 2015 11:37 PM
Rainmaker
1,241,504
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

They reserved 7 private offices with a $450/mo desk fee. By providing stools agents are squeezed in the cafeteria or outside balcony for the rest 400 agents. The stool fees are a bit high for the sore butts.  People are leaving due to existance of flat commission companies next door.  We have ~100 broker-associates.  A couple bought out name franchises (cheap) and open their brokerages.  Within the same block we have 4 brokerages close to 800 agents and brokers. Four lenders.  One needs to evaluate and shop for the best brokerage or open his brokerage as each realtor provides his leads.

Nov 24, 2015 11:36 PM
Ambassador
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Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Prop. Mgr, Wenatchee, WA

It depends on the split.  Anyone who has never actually owned a business does not understand the costs and responsibilities of doing so.  Regardless of the time they spend in the office, even though I was in the office rarely, there are still administrative costs involved.  I never minded paying the office split.  It was philosophical and ethical differences that drove me into business for myself.  

Nov 24, 2015 11:30 PM
Rainmaker
921,504
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

The office fee should be eliminated.

When was the last time a broker eliminated a revenue stream?

They will keep the fee but change the suit it wears. (i.e. increased admin fee)

Nov 24, 2015 11:03 PM
Rainmaker
5,876,323
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

I am a broker, and don't have a split.

Nov 24, 2015 11:00 PM
Rainmaker
1,157,791
FN LN
Toronto, ON

The office fee and split do not include use of a private office.  Some agents rent a private office from the brokerage for a separate fee.

Nov 24, 2015 10:59 PM
Rainmaker
1,513,143
Raymond E. Camp
Ontario, NY

The only thing that comes down is precipitation and we all get soaked if we are out.

Nov 24, 2015 10:57 PM
Rainmaker
7,860,491
Roy Kelley
Retired - Gaithersburg, MD

I expect that a lower office fee is wishful thinking. Facilities costs salaries are still rising.

Nov 24, 2015 10:56 PM
Rainmaker
4,581,074
Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

Commission is based on performance.   We don't have an office fee -- per se.  

Nov 24, 2015 10:55 PM
Rainmaker
979,596
Troy Erickson AZ Realtor (602) 295-6807
HomeSmart - Chandler, AZ
Your Chandler, Ahwatukee, and East Valley Realtor

Bill - My split never included an office fee, even though an office is available to me any time I wish to use it. I prefer working from home, or out in the field.

Nov 29, 2015 05:00 AM
Rainmaker
5,235,871
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Those who negotiate will get the answer.  There is always the opportunity to look for other sponsorship!

Nov 25, 2015 08:19 PM
Rainmaker
4,319,773
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

BILL CHERRY it all depends - if one is really using it, they will not mind paying for it.

Nov 25, 2015 01:21 PM
Ambassador
3,740,236
Patricia Kennedy
RLAH@properties - Washington, DC
Home in the Capital

While I'm not physically in the office a great deal, my broker provides so many services that none of could imagine renegotiating already generous splits. 

Nov 25, 2015 11:33 AM
Rainmaker
2,224,473
Debbie Laity
Cedaredge Land Company - Cedaredge, CO
Your Real Estate Resource for Delta County, CO

My office does offer a different split to agents that work out of the office. I think this is fair. But none of our agents are working out of the office at this time. I like going into my office. 

Nov 25, 2015 10:15 AM
Rainmaker
2,443,250
Evelyn Johnston
Friends & Neighbors Real Estate - Elkhart, IN
The People You Know, Like and Trust!

Yours or the Brokers?

Nov 25, 2015 09:58 AM
Rainmaker
3,988,013
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

Our office isn't set up that way. Everyone contributes to overhead and nobody is exempt even if they choose to work from home. That is our company's policy.

Nov 25, 2015 09:48 AM
Rainmaker
3,986,308
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

The use of the office is a minor issue, just like when someone wants you to lower your selling commission.  You are paying for the knowledge and other issues that go along with running a business

Nov 25, 2015 08:10 AM
Rainmaker
32,051
Amelia Robinette
NoVa House and Home - Frankly Realty - Falls Church, VA
Education, Innovation, Service

Our brokerage is 100% virtual. When I need an office for a meeting I use a title agents space. Our splits reflect the lack of the overhead.

We do a lot of Q&A and idea exchange via our closed FB group and there are a couple agents (and my broker) in my area that I talk with frequently. I don't miss the office at all!

 

Nov 25, 2015 05:45 AM
Rainmaker
4,800,132
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

I'm on the office every day, and my split is just fine.

Nov 25, 2015 04:00 AM
Rainer
42,670
Fred Hafdelin
Weichert Realtors - Mountain Lakes, NJ

No. Its my decision to use or to not use the office. If my Broker asked me to use my office less then I would ask for my commission split to be lower. As it now stands I can use my office 24/7.

Nov 25, 2015 12:10 AM
Rainmaker
443,220
Cindy Davis
SD Home Source Realty - San Diego, CA

I don't think that argument will get you a lower split. Perhaps changing brokers or getting your own broker's license is a better way to go.

Nov 24, 2015 11:55 PM
Rainmaker
393,812
BILL CHERRY
Bill Cherry, Realtor - Dallas, TX
Broker & Wealth Coach

So if your brokerage company could now do just fine by reducing its physical office space rent, utilities, etc , you see no reason that should be done and that savings passed on to the agents? That seems odd to me

Nov 24, 2015 11:47 PM
Rainmaker
1,525,616
Sybil Campbell
Fernandina Beach, FL
Referral Agent Amelia Island Florida

I am happy with my commission split so I don't rock the boat.

Nov 24, 2015 11:24 PM
Rainmaker
5,583,328
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

we offer a variety of splits including a 95/5 with full use of the office and conference rooms plus a private office shared with one agent....

Nov 24, 2015 11:12 PM
Rainmaker
4,272,834
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

In our office we have a home broker rate along with favorable commission splits BILL CHERRY

Nov 24, 2015 11:12 PM
Rainmaker
1,727,856
Sandy Padula & Norm Padula, JD, GRI
HomeSmart Realty West & Florida Realty Investments - , CA
Presence, Persistence & Perseverance

It already is for us!

Nov 24, 2015 11:08 PM