Switching Brokerages? Top 5 Things to Consider

Are you considering switching brokerages? I’ve looked at all the brick and mortar companies in our local area, and some online companies as well and compared them based on commission splits, training, culture, and other benefits.

Is Your Brokerage Lacking in Value?

Is your brokerage taking too much of your hard earned commissions? Are they providing you leads or training that they promised was top notch? Do they provide other benefits such as referral plans, retirement plans, or stock options? If not, what value are they providing you, or is it a one way street of you providing value to them? If your brokerage is lacking, this is for you, and don’t worry, I’m not from ExP.

Let’s take a look at the top 5 things to consider when switching brokerages:

#5 Culture

Do people have an abundance mindset or a limiting mindset?

#4 Training

Do they actually provide real life modern day training to help you build your business? Or do they sit you in a conference room where you can watch pre-recorded videos from the 80s and 90s?

#3 Referral Plans

Are you getting paid a small one time bonus for bringing on new agents? Or is it continual based on their production & the production of those they bring on the company as well?

#2 Retirement Plan

Does your brokerage offer guaranteed future income for you or your spouse if you die once you’re vested?

#1 Commission Split

Are you making more money, or is the money you’re spending worth it?

What’s Important to You?

Obviously, there’s more to consider when switching brokerages and you may want to switch this list around based on your needs and wants. Do you have something more important? Let me know and feel free to reach out to me with any questions. If you’re thinking about switching, its better to do it sooner rather than later.