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If I own a real estate business (1099 Employee), why am I building my brokers net worth?

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Real Estate Agent with Keller Williams Realty - The Hatcher Group

I having trouble understanding that when I talk or meet with agents who work with other agencies, why as a 1099 employee, they are not usually thinking that they actually own a business, and are "happy" where they work helping their broker build her/his businesses net worth.  In todays world where investment values are declining daily, it seems to me that looking after your own business would be a higher priority than that of your brokers?

That is why a real estate career at Keller Williams Realty can make a difference, since you have an opportunity to build a passive income without investing any money!  That's correct, a no money down investment where you never pay in and only have an opportunity to receive money directly deposited into your bank account.  The best part is that you become vested after three years of service with Keller Williams Realty.

If your current broker is sharing the profits with you monthly then you may have something simular, congratulations!  If not, ask yourself, when you leave the real estate business will you have money coming in monthly from your current brokerage?  If not, maybe you should contact me for more information. 

After all, if your business volume increases year after year, shouldn't you be the beneficiary of that effort and be rewarded for such and not your broker?

Show All Comments Sort:
Vickie Nagy
Coldwell Banker Residential Real Estate - Palm Springs, CA
Vickie Jean the Palm Springs Condo Queen

Our broker's provide oversight, physical premises, administrative support, equipment and training. They're worth the split.

Nov 22, 2008 01:05 PM
South Austin Real Estate Blog
Sky Realty South Austin - Austin, TX

HI Paul.... thats a great explaination of why KW...  I hope this helps to get the word out.. but you should mention to contact you and you can help a good agent get into KW.  Mailbox money is the best kind. :)

Nov 22, 2008 01:05 PM
June Piper-Brandon
Coldwell Banker Realty - Baltimore, MD
Creating Generational Wealth Through Homeownership

Advance Realty offers advance rewards residual income by recruiting agents to join the company.  Other real estate agencies also offer similar programs.  It's a great way to earn extra income without selling.

Nov 22, 2008 01:11 PM
Anonymous
Vickie and Gail

Vickie:  Thanks for the fast response!  Everything you mentioned Ill assume any office will provide an agent, and that is why they charge money (splits), but what about providing you with a passive income and sharing the profits with you?  Do they do that?

Gail:   I  thought I did mention that in the last line.  Thanks for the comments!  See you at Family Reunion I hope!

Nov 22, 2008 01:17 PM
#4
Anonymous
Paul

June:    Is it a one time fee for recruiting or a residual fee monthly based on the agents perfomance?  Will you receive it for as you live? 

Nov 22, 2008 01:22 PM
#5
Steven Wright
Home Real Estate - Aurora, CO
CRS - Home Real Estate - 720-989-5283

You posed a really good question that most people will probably be unable to answer.

Nov 22, 2008 01:56 PM
Paul McKee
Keller Williams Realty - The Hatcher Group - Portland, ME

Steve:     I hope you have the answer for yourself, or at least are thinking about that!  You deserve to build the business of a company for your financial benefit as well...

Nov 23, 2008 01:55 AM