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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 Related Opinion All work, no play: Advice to new agents on the hustle In the first one to three years of your real estate career, you should devote as much time to your business as possible. by Peter Lorimer | Oct 3 Negotiating 101: Kill them with kindness There are a million versions of how to negotiate, but coming from a dog-eat-dog market like L.A., I’m going to share what I found to be the best negotiation strategies as a real estate agent. by Peter Lorimer | Sep 27 How to avoid headaches when buying and selling at the same time Often in real estate, you have someone who is selling a house and buying another at the same time, aka concurrent transactions. by Peter Lorimer | Oct 2 TRENDING Opinion Triumph of the nerd: how eXp Realty’s founder built a $1 billion business by Brad Inman | May 23 I toured an Opendoor home for sale, and its frictionless tech was a game-changer by Teke Wiggin | May 22 Opinion Is mandatory minimum wage coming to real estate? by Bernice Ross | May 21 Sponsored Content How to stand out from the competition by Tom Ferry Quicken Loans sibling In-House Realty purchases ForSaleByOwner.com for $2.5M by Patrick Kearns | May 24 Opinion 5 steps to prep a show-ready listing every time by Cara Ameer | May 25 What the Dodd-Frank rollback means for real estate by Patrick Kearns | May 23 Back to top Inman About Contact Support Advertise Sponsor Connect Careers Code of Conduct Privacy Terms of Use Products Select Community Inman Facebook group Agent War Room Broker War Room Vendor Exchange Contributor submissions Image submissions Awards Inman 101 Inman Innovators Inman Influencers