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Should you become a real estate broker?


Going from real estate agent to broker owner is a monumental shift because you go from having the safety net of someone else’s brokerage behind you to being on your own. There are two different types of people in real estate: those who like to nurture ...

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Going from real estate agent to broker owner is a monumental shift because you go from having the safety net of someone else’s brokerage behind you to being on your own. There are two different types of people in real estate: those who like to nurture and help and those who are in it for the kill. If you’re in it just for the money, you won’t be making it — at least not in the first few years. So to you agents who want to make more commission, becoming a broker isn’t necessarily going to do that. As a broker, you have to pay for everything including insurance, salaries, the coffee, the toilet paper — it’s your responsibility. If you’re interested in building a culture and nurturing individuals, become a broker. It’s way harder than being an agent, but if it’s in your heart and you love it — go for it. Peter Lorimer is the CEO of Beverly Hills, California-based PLG Estates. Email Sharing: Share on social: Share witha quick email: Share via email From: To: Subject: Interesting article: Body: I found this article and thought you... You successfully shared the article. Close Show Comments Hide Comments Comments TRENDING It's official: Amazon HQ2 coming to NYC, Northern VA by Carl Franzen | Nov 13 Keller Williams' sales volume up in Q3 as franchise leans into tech by Patrick Kearns | Nov 13 Why seller leads are Zillow's biggest opportunity by Mike DelPrete | Nov 12 Sponsored Content 5 actions to generate more client referrals by Tom Ferry Realogy executive’s missing son found safe by Veronika Bondarenko | Nov 14 Opendoor CEO wants to make homebuying and selling free by Teke Wiggin | Nov 14 Latest fad? Tossing out the furniture by Veronika Bondarenko | Nov 12 Sign up for Inman’s Morning Headlines What you need to know to start your day with all the latest industry developments Sign me up Success! Thank you for subscribing to Morning Headlines. Subscribe to Inman Select Access to all Inman content, discounted Connect tickets, exclusive videos and more Subscribe Today > Read Next Opinion All work, no play: Advice to new agents on the hustle by Peter Lorimer | Oct 3 Negotiating 101: Kill them with kindness by Peter Lorimer | Sep 27 How to avoid headaches when buying and selling at the same time by Peter Lorimer | Oct 2 More In Agent Realogy is watching these 10 startups — are you? by Patrick Kearns | Nov 15 A Realtor’s guide to helping during a disaster by Troy Palmquist | Nov 15 Contactually can now estimate when contacts will transact by Teke Wiggin | Nov 15 Finally, Zillow will automatically update agent sales data by Patrick Kearns | Nov 15 Back to top Inman About Contact Support Advertise Sponsor Connect Careers Code of Conduct Privacy Terms of Use Products Select The Wrap Essential Guides Connect Video Inman Pro Community Inman Facebook group Agent War Room Broker War Room Vendor Exchange Contributor submissions Image submissions Awards Inman 101 Inman Innovators Inman Influencers