The End of the Brick & Mortar Real Estate Companies - Part 1

By
Real Estate Broker/Owner with CURB Realty - KeepYourCommission.com 00823528

It's official, 100% Commission flat fee virtual online real estate brokerages are here to stay - and they are growing lickity-split !  And now the big box companies; Coldwell Banker, ReMax, Century 21, etc, are dying and no longer able to keep their younger tech savy agents, as these agents know that these brokerages are not able to give them anything that they can get themselves online. Therefore there is no longer any reason to cough up a big chunk of their commission for some free business cards.

In a vacum a need is filled, hence the influx of the one hundred percent commission online brokerage model.  The flat fee virtual companies are essentially the same as the storefront real estate companies with all the exact same services, only without the parking lot and office politics.  I'm actually quite surprised it took this long for the real estate business to finally go the online format.  

The big winners in restructuring of this new business model is of course the agents, in being able to keep all their commission.  When agents can keep all their commission and not have to sacrifice broker support, what's not to like about it ?  If I was an agent I couldn't get on board fast enough.  That being said, there will still be the old school agents who have gotten accustomed to giving away 10% ~ 50% of their commission where they can feel secure sitting at a cubicle.  

As the 100 percent business model picks up steam those brokerages that even offer a building, yet alone a cubicle, will be as hard to come as a travel agency where you sit down and buy a plane ticket (remember that?).  Who woulda' thought ?

Part 2

 

CURB

California's Premier 100% Commission Brokerage

www.KeepYourCommission.com

 

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Rainmaker
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Jack Tenold
Jack Tenold LLC - Spokane, WA
Specializing in Reverse Mortgages

100% Commission flat fee virtual online real estate brokerages sure make sense to me.  Technology has changed the way we do busines in the real estate and mortgage lending arenas.  I've noticed a lot fewer agents coming and going from the "big box store" in my building.  I am able to rent a much smaller space since my loan origination team can work anywhere and just log on to the secure company server.  Although I still need a brick and mortar office to satisfy FHA, it is a win win for all of us.   Good blog CURB Realty.    

May 05, 2016 08:51 AM #1
Rainmaker
8,099
CURB Realty - KeepYourCommission.com California's Premier 100% Commission Real Estate Brokerage
CURB Realty - KeepYourCommission.com - Los Angeles, CA
Keep ALL Your Commission Today !

jack, thanks for the kudos !  it really is as you say a win for all.

May 06, 2016 01:11 AM #2
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Rainmaker
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CURB Realty - KeepYourCommission.com California's Premier 100% Commission Real Estate Brokerage

Keep ALL Your Commission Today !
Ask me about 100% commission flat fee brokerages !
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