Red 1 Realty adds 500 agents at a record pace.
Fast-growing brokerage firm, Red 1 Realty, announces the addition of more than 500 agents to their team in the company’s record-breaking two-year run.
Columbus, OH - April 15th, 2021 - Red 1 Realty is one of the fastest-growing brokerage firms in Ohio having added over 500 agents in just over two years. According to Columbus Realtors, in just under two years, Red 1 Realty has become the largest real estate office and the third-largest brokerage firm in the Central Ohio market by agent count.
Launched in January 2019, this fast-growing brokerage firm looks to provide exceptional value to real estate agents. Their low-cost, high-value approach has many agents switching to Red 1 Realty. According to the National Association of Realtors, there are over 1.3 million Realtors in the U. S. and over 86,000 offices, resulting in an average office size of 15 agents.
Real estate broker/owner, Ken Fairchild, says when you compare the commission plan, direct broker support, free agent tools and training vs other local brokerages, Red 1 Realty’s business model is “top to bottom clearly the better value”. The brokers at Red 1 Realty have extensive experience in the real estate industry and have brokered over a Billion dollars in real estate in Central Ohio. They pride themselves at being available & on-call for their agents when needed.
One of Central Ohio’s Top 1% Agents says he joined Red 1 Realty primarily because of the commission plan. Keeping 100% of his commissions minus only $4,200 annually was much more profitable than the competing brokerage firms. Since the brokerage firm was not taking 30% of his income, as well as not charging franchise fees or monthly fees, he was able to reinvest those funds into his marketing and take his business to the next level.
“We are thrilled to help agents survive and thrive in this market by offering a truly agent-centric brokerage with low fees and high value,” said Heather Hall. The leadership team at Red 1 Realty realizes it is the agents who pay the brokerage firm. While many agents do not realize it, the broker expense is typically their largest expense. By reducing this huge overhead cost, agents are able to be much more profitable.
By eliminating items that agents no longer need, Red 1 Realty is able to provide more of what agents need in today’s environment. For example, the company does not focus on providing multiple offices in a single market, nor does it have a secretary fielding phone calls. Instead, the company reinvests that money into lead generation, ShowingTime, Dotloop, a Smart CRM, and agent apps. Broker Mike Hall compares it to Netflix taking over Blockbuster indicating that many companies can perform better without the extensive overhead cost of multiple large offices and then have the option to pass along the savings to their agents.
Red 1 Realty shows no sign of slowing down. The company is now recruiting the average size real estate office (15 agents) each month. They have also already begun expansion into other metro areas of Ohio including Cincinnati, Cleveland, Dayton, and Toledo.
For more information regarding the brokerage’s business model and agent resources, you can visit www.Red1Agent.com. You can also reach the management team at 614.937.4162 or Broker@Red1Realty.com.