Ep014: How To Make A Successful Leap Of Faith To A New Brokerage
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In today’s episode Laci LeBlanc and I discuss how to make a successful transition to a new brokerage. There are three main reasons why successful agents hesitate to make a move even though they know it is in their best interest.The three reasons are financial concerns, it’s easier not to move, and the emotional stress that often comes with telling their current broker it’s time to move on.This episode shares how Chris’s Quick Start Game Plan helps new agents dramatically increase their business the day they move their license to ROOST Real Estate Co.
SHOW HIGHLIGHTS
The hosts discuss three main barriers to changing brokerages: financial concerns, getting comfortable with the status quo, and the difficulty of breaking up.
The importance of understanding Independent Contractor Agreements (ICA) in real estate is highlighted. ICAs include crucial elements like commission splits, fees, training, and team members.
The potential benefits and challenges of changing brokerages are discussed. These include cost of rebranding and aligning with a new company culture, management style, and operations.
Joining a new brokerage like Roost Real Estate can offer benefits such as no franchise fees, a 90-10 split from the first dollar, increased transaction volume, and improved training and support.
The hosts provide a Quick Start Game Plan for agents deciding to switch brokerages, which includes resources to hit the ground running in the new brokerage.
The importance of being prepared for the financial and emotional consequences of making a leap of faith to a new brokerage is emphasized.
Research and analysis are key to making a well-informed decision on choosing the right brokerage that is willing to support and help an agent grow.
The hosts advise against slowing down business with the current broker before making a move, as it indicates a lack of commitment to the move.
The hosts emphasize the importance of having a strong cashflow position and being mentally confident in the future before making a move to a new brokerage.
Training and support from a new brokerage can lead to improved skills and better performance in the long run.
LINKS
Join me on the Connect Practice Track and Grow Podcast
TRANSCRIPT
(AI transcript provided as supporting material and may contain errors)
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