What you'll learn
How to best structure your brokerage for legal protection
The systems and tools you'll need to stay organized
How to identify, recruit and onboard agents in your marketplace
Understand the different compensation models and which would fit best for your business
Requirements
No requirements but most brokerage owners also run the day to day operations and so you'll need to be a real estate salesperson/broker first
Description
If you're a high performing real estate agent, who want to escape the sales cycle and build additional income streams without sacrificing their income (or their time!) then Build your Own Brokerage may be the course for you!In this course you'll learn the following;The #1 way to structure your brokerage for legal protectionAn easy step by step program of setting up a profitable business within days of startingKeys to developing a commission plan for maximum profitHow to demystify E&O insurance, compliance and tax reportingIn addition to the above, the course covers the back end systems you'll need to be successful, how to define your culture and brokerage commission plans and where to find your first 3 agents to affiliate with your brokerage. We'll also cover whether to have a physical office or not as well as the documentation needed for a solid foundation.No prior experience is required, although all states will require someone with an active license to be responsible for the day to day operations of the company; most owners fill that role themselves to begin with but it's possible to start a company and employ/partner up with someone licensed to fulfill that position.This course can be taken regardless of which state you live in, with resources directing you to State requirements where applicable as well as identifying the steps needed in your state to become licensed.
Overview
Section 1: Introduction
Lecture 1 Introduction
Lecture 2 Objectives
Lecture 3 Before you start on this journey...
Lecture 4 Business Entity Type
Lecture 5 Business Banking
Lecture 6 State Requirements for Setting up a Brokerage
Lecture 7 Getting set up in your MLS (Multiple Listing Service)
Lecture 8 Errors & Omissions Insurance - What to look for
Lecture 9 Staying Organized; The Back end of the brokerage
Lecture 10 How it all comes together
Section 2: Building the Brokerage
Lecture 11 Selecting a Brokerage Model
Lecture 12 Your Mission Statement - Defining who/what/why behind the Brokerage
Lecture 13 Physical/Virtual Office for your Brokerage
Lecture 14 Recruiting 101 - Where to find your first 3 agents
Lecture 15 A crucial hire - Office Manager
Lecture 16[Office Manager] Building the Agent "Life Cycle" Process
Lecture 17[Office Manager] Internal Document Library - The essentials
Lecture 18[Office Manager] Internal Document Library - Policy Manual
Lecture 19[Office Manager] Internal Document Library - Independent Contractor Agreement
Lecture 20[Office Manager] Internal Document Library - Commission Schedule
Lecture 21[Office Manager] Internal Document Library - Agent "How To" Guide
Lecture 22[Office Manager] - Daily work flow
This course is for anyone looking to start a real estate brokerage and help other local agents increase their own business through affiliating with you
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