Where should my brokerage office be located?
Choosing an Office Location – The number two mistake brokers make. Where should I open an office? What is the best office design? How many agents can I seat in one office? Most offices fail because of poor location. Check out our short broker school episode on how to select the best location for your real estate brokerage office. (Hint: recruiting real estate agents that help propel you to success truly hinges on where you locate your office.)
No one wants to work in a dumpy or scary location. Are there places for lunch or coffee nearby? How is the parking situation?
All of my problems can be solved by recruiting!
Put your office where the agents are. 70-70% of agents live within 3-5 miles of their office. And then you have to consider, where is your product? There are no residential homes in the commercial section of town or industrial. You sell houses, your agents sell houses, your buyers know where the good houses are. Get the buyer into the office. They won’t drive downtown or waste time driving.
Do you have additional questions on this topic or want us to start a new discussion for FREE Broker School? Join the #freebrokerschool conversation – Leave your comments right here on our blog and continue the conversation. We want you to have any real estate tools you need at your disposal.
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FreeBrokerSchool.com is a resource to give brokers the advantage in running their offices. Hey – they know how to sell properties well, but they don’t always know all of the ins and outs of running a successful real estate brokerage. These videos are designed to give you the inside scoop from industry leader and success tornado, Mike Krein. You can’t take notes fast enough when he starts giving tips. These videos allow you to watch one nugget topic at a time, digest it and implement it to add to your success.
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