Boutique brokerage is one of those buzzwords that we've seen and heard much more often lately! So I thought, I would not only briefly explain what a "boutique brokerage" is but also introduce you to one of the original boutique brokerages in Silver Spring, MD: Thompson Company, REALTORS®.
What is a boutique brokerage?
A boutique brokerage is a smaller brokerage company, that acts much the same as a boutique shop, focusing on personalized service and serving a smaller and more exclusive client base or focusing on a particular financial segment. They often do not charge fees, instead taking a percentage of any profits generated. Commonly, boutique brokers operate with family and friends and do not have advertising campaigns. [wikipedia]
This definition sums it up nicely but for the last part. While it may be true for other industries, it is not true when it comes to Real Estate. Boutique brokerages do advertise and market (especially their listings) quite a bit. They probably would not run a national campaign but, instead, focus on the hyper-local market and/or are highly specialized.
Thompson Company, REALTORS® is one of the oldest independently-owned Real Estate brokerages in Montgomery County, MD. The broker is my partner-in-crime Cherie Thompson Conrad who is the 3rd generation to lead this family business. The company was founded in 1946 by Cherie's grandfather C. Leroy Thompson and his brother. While Cherie has been the BOC (broker of record) since the late 1990s when her grandfather retired, she also took on the role of office manager when her father, Larry N. Thompson, passed away in 2014.
I joined Thompson Company in 2008 because of their deep roots in the Silver Spring community, their status as one of the original boutique brokerages in the area, and the family atmosphere as well as emphasis on family values that appealed to me very much. I am celebrating my 10 year anniversary with the company this December - needless to say, I have never regretted my decision!
As a local boutique brokerage (the office has been in Silver Spring since its founding days - just changed zip-codes), Thompson Company specializes in residential Real Estate in Cloverly, Burtonsville, Spencerville, Ashton, Brookeville, Brinklow, and Sandy Spring but has also assisted countless buyers and sellers from Frederick to Ellicott City to Annapolis to Fort Washington, and anywhere in between.
And that is why Thompson Company, REALTORS® is not only local, trusted, and experienced but also your Silver Spring, MD boutique brokerage with history!