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It's Not Always About the Money

By
Managing Real Estate Broker with Platinum Properties- (931)771-9070 TN Broker: 208698

It's Not Always About the Money

It's not always about the moneyThere have been many questions from new agents about what to look for when selecting a broker or knowing when it's time to move on. I have worked for 5 companies in my career and 4 brokers other than myself. The best situation was working for myself because I could make all the rules and create a working climate that was productive, uplifting and successful. I closed that chapter. 

Three of the other four companies had fine brokers and I did well at each company. I respected the broker/owners and agreed with the company policies and missions. I played by the rules and was a team player.

I was not looking to make a move. A broker/owner called and asked me to be his sales manager. Agents love to be recruited, it's flattering so we listen. The other company did not fit my style or personality. At first I told him I didn't want to make a move. He didn't give up and called again asking me to name my price and conditions. This would be my first step into management and being a manager was in my career plan. I would consider it.

After thinking, discussing it with my husband and considering the opportunities I called back. I proposed a high number thinking that would put an end to the discussion. I was wrong, he readily accepted and I was committed or trapped.

I moved to the new company on Labor Day Weekend. By the end of September I wished I had never moved. The money was great and I got to hire, fire agents and make decisions. I ran the sales meetings and did the training. I was a selling manager and the owner funneled lots of business my way. But the atmosphere wasn't right, it wasn't a good fit for me. At the beginning I thought I could change it. That wasn't going to happen with the broker/owner present having his tantrums. I am not a quitter and I hung in there.

By spring I knew it wasn't going to last much longer. Another broker approached me saying she would create a position for me if I would come. We worked out a deal over the next few weeks and I made a commitment to go.

Memorial Day weekend, I went to the broker/owner's house and told him I was leaving. I gave my reason that I felt it wasn't a good fit. We parted on good terms. My husband calls this my holiday job since I began on a holiday weekend and moved out on a holiday weekend. 

I liked the new company and fit in well. I made less money. That was okay. It's not always about the money. I got calls from the former broker/owner. He asked me to come back saying he would double my pay. The pay wasn't the issue; it was the atmosphere and difference in philosophies. I said no. I played a mind game with myself saying I wouldn't go back for a million dollars. I stayed where I was.

All of this is to say it isn't all about the money.  Commissions and pay are just part of the equation. There is so much more to consider. Will you fit in? Will you be able to grow as a person and professionally? Do you agree with the company philosophy and respect the broker? Are you compromising any of your principles to work there? Are you happy and feel you are in the right place? Do you feel supported and respected?

If you answered no to any of these questions then you don't need to work at that company and need to look for a different broker or take a chance and go out on your own. 

It's Not Always About the Money

 

Contact Clarksville TN Real Estate Agent, Debbie Reynolds at 931-320-6730. 

Posted by

 Centruy 21 Platinum Properties2130 Wilma Rudolph Blvd.

Clarksville, TN 37040

When you need Real Estate services in Clarksville TN

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Debbie Reynolds
"The Real Debbie Reynolds"

Check out all Clarksville TN Real Estate on My Website

                   
                   
931-771-9070 Office | 931-320-6730 Cell

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Noah Seidenberg
Coldwell Banker - Evanston, IL
Chicagoland and Suburbs (800) 858-7917

This is so true Debbie. Thanks for sharing your story with us. I bet some newer agents can get allot out of this.

I read your feature in Realtor magazine, it is on my desk. Congratulations to you.

Feb 05, 2016 11:23 AM
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

Hi Noah Seidenberg, I see agents chase the money and find out later they should have checked further. I appreciate your good wishes.

Feb 05, 2016 12:16 PM
Anna "Banana" Kruchten
HomeSmart Real Estate - Phoenix, AZ
602-380-4886

Debbie I so agree - it's about a whole lot more than the money.  Alignment is the key...finding the best fit personally works out so much better on every level.

Feb 05, 2016 12:51 PM
Larry Johnston
Broker, Friends & Neighbors Real Estate and Elkhart County Subdivisions, LLC - Elkhart, IN
Broker,Friends & Neighbors Real Estate, Elkhart,IN

Hi Debbie Reynolds ,  I remember Evelyn telling me about a job she took years before we we met, that offered her more money and she liked it less than the prior job, wishing she hadn't left.  She didn't stay long.

Feb 05, 2016 01:06 PM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Debbie you are right it is not always about the money.  Some people may have a hard time understanding that, but if you are in a job that you hate doing the money does not make up for it.

Feb 05, 2016 02:29 PM
Conrad Allen
Re/Max Professional Associates - Webster, MA
Webster, Ma, Realtor

Hi Debbie.  How true about it not being always about the money.  You have to like where you work.

Feb 05, 2016 07:10 PM
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

I agree with you. It is not always about the money. Congratulations on being interviewed for Realtor magazine.

Feb 05, 2016 08:32 PM
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Good morning Debbie. I am very fortunate, as I don't have any turnover, other than someone that will be retiring later this year. He has been with me for 37 years.

It is easy to get hooked by more money, but in the long run, as you already know that isn't always a good decision.

Feb 05, 2016 08:46 PM
Sheila Anderson
Referral Group Incorporated - East Brunswick, NJ
The Real Estate Whisperer Who Listens 732-715-1133

Good morning Debbie. This is an excellent post. It is hardly ever about the money. If going in a direction than feels forced is your day to day it is time to move.

Feb 05, 2016 08:58 PM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Debbie, I remember this scenario in past posts, and definitely should not be all about the money.   The right fit is so much more important. 

Feb 05, 2016 10:11 PM
Roger D. Mucci
Shaken...with a Twist 216.633.2092 - Euclid, OH
Lets shake things up at your home today!

We need to be happy and feel fulfilled where we are working, it's not always about the money.  Great post Debbie.

Feb 05, 2016 11:05 PM
Kristin Johnston - REALTOR®
RE/MAX Platinum - Waukesha, WI
Giving Back With Each Home Sold!

I agree with you...I left a career in 2000 that I was making well over 300K at....today, not so much, but it was worth every penny leaving to do something I enjoyed more

Feb 05, 2016 11:27 PM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

You are so right about it not being just about the money.  That's especially true for new agents.  When I was first licensed in 1981, pure dumb luck had me joining a local Century 21 office.  They had great training, but better yet, that little office was packed with a dozen or so longtime experienced agents, who were generous in taking me under their wings and mentoring me.  It was 1981, interest rates were 18 1/2%.  I would have been toast without those agents.

Feb 05, 2016 11:28 PM
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

The culture and the working envirnment was something that I never truly embraced when I was affiliated with a brokerage. Not fitting caused me to want more money - I guess to justify being miserable.  Four years ago I went out on my own. Not things fit. I do things my way and I don't ever have to be faced with someone else telling me "just close the deal" all the while throwing my clients under the bus if I did "just close the deal". I closed after I did the right thing for my clients.  It has created a Freedom like no other.

Feb 06, 2016 02:49 AM
Karen Fiddler, Broker/Owner
Karen Parsons-Fiddler, Broker 949-510-2395 - Mission Viejo, CA
Orange County & Lake Arrowhead, CA (949)510-2395

Money is nice, but really it should be the byproduct of our efforts. 

Feb 06, 2016 05:25 AM
Dick Greenberg
New Paradigm Partners LLC - Fort Collins, CO
Northern Colorado Residential Real Estate

Hi Debbie - You're right. There simply isn't enough money to make happiness and job satisfaction irrelevant.

Feb 06, 2016 07:35 AM
Joan Dickie
Keller Williams Premier Realty - La Crosse, WI
Keller Williams Premier Realty

Thanks for sharing.  I see questions from newbies wondering which is the best place to go.  It's about each individual office, their atmosphere and support.

Feb 06, 2016 09:10 AM
Roy Kelley
Retired - Gaithersburg, MD

This is very good reading for newer real estate agents and many who are not happy with their present company.

Feb 07, 2016 09:28 PM