Latest / The Real Estate Agent Playbook / The Real Reasons to Consider a Brokerage Change (It's Not What You Think)
Transcript
- 0:00it's that time of year again
- 0:01and as somebody who talks to a lot of agents
- 0:03I know that you're thinking it too
- 0:06as you set goals and we kind of look at our future
- 0:08and we're vision casting
- 0:09and we're looking at all the things
- 0:11sometimes we wonder if we are in the right place
- 0:13are we in the right career
- 0:14are we in the right you know
- 0:15brokerage or office
- 0:18and are we on the right trajectory for our future
- 0:21and honest truth is three and a half years ago
- 0:23I had the same decision I was at my dad's brokerage
- 0:25things are great it was cheap and all things considered
- 0:29I made a decision to change my surroundings for me
- 0:34not anybody else right
- 0:37and so the future was a huge piece of my decision
- 0:41so if that's you I wanna bring you a couple tips
- 0:43and talk about how I went through that
- 0:45we're gonna do that next
- 0:50what's up guys
- 0:51I'm Jeremy Kane with the Real Estate Agent Playbook
- 0:53bringing you all kinds of different ideas and topics
- 0:57that result in an amazing real estate career
- 1:01I have a ton of information on this channel
- 1:04regarding organic and social media growth
- 1:07as I've done in my production business
- 1:09as well as I talk a lot about
- 1:11the general idea of this real estate career
- 1:14and having success in it so if you like that stuff
- 1:16you like this video
- 1:17please throw a thumbs up if you like it a lot
- 1:20please hit that subscribe button
- 1:21that bell and we will see you on the next video
- 1:25but for now let's get into it
- 1:26so there's all kinds of hub above
- 1:29about what brokerage you're at
- 1:31and when I really got into the business
- 1:33I was like well
- 1:34here's the deal
- 1:35like I'm not going to lead with my brokerage
- 1:37I'm not gonna lead with my brokerage brand
- 1:39I may not be here for the rest of my career
- 1:41and the brokerage brand does not define me
- 1:43or my service but I know how the legal
- 1:46you know aspects of this business is set up
- 1:50as a real estate agent I made it
- 1:52a point to make sure that my brand carried through
- 1:55as an individual
- 1:57so that I could help my clients understand
- 2:00you know the the most important things of this massive
- 2:04you know process of buying or selling home
- 2:07and so
- 2:07I immediately was turned on to this personal branding
- 2:10well maybe I wasn't the best at it
- 2:13with graphic design and colors and logos
- 2:15my brand was always
- 2:17deep rooted in the service that I was providing
- 2:20has nothing to do with the brokerage
- 2:21that was behind me
- 2:22I knew that I had a personal license
- 2:24and that's what I was going to do
- 2:26so a lot of times we kind of look at it the other way
- 2:31I need to be with this brand so that I can get in this
- 2:34luxury listing or that luxury listing
- 2:36the truth is is that if you carry a personal brand
- 2:40that's going to put you in
- 2:43you know
- 2:43the conversations with people that are going to
- 2:46you know
- 2:47wanna use you for a quote unquote luxury listening
- 2:50they really don't care who's behind you
- 2:53as long as you have the marketing
- 2:54you have the expertise you have the track record
- 2:56you have the presentation that can get you there
- 2:59so I wanna really make sure that even you know
- 3:02if you are at my brokerage right
- 3:04you got to separate yourself a little bit from
- 3:06the brand so that you are unique because
- 3:09you know
- 3:09some of these bigger brands have thousands of agents
- 3:12in one market center right
- 3:14so even if you are one of these bigger brands
- 3:16you think that that's carrying you forward
- 3:18and you like the sexy colors and the signs
- 3:20and all the rules they give you
- 3:22you still have to carry uh
- 3:24an air about you that is your personal brand
- 3:27so whether they allow you to
- 3:30you know promote that personal brand
- 3:32you know within the guidelines of of the law are huge
- 3:36but are you asking yourself
- 3:38are you building this business in your future for you
- 3:41or that brokerage brand
- 3:42because at a lot of cases in the bricks and mortar
- 3:45traditional sense of real estate brokerages
- 3:47you're building that brand and how do I know that
- 3:50well let's do this
- 3:51let's talk about your last day in real estate
- 3:54you can walk into your broker's office and you can say
- 3:57hey you know
- 3:57it's been a good run 20
- 3:5930 years of stacking your bank account
- 4:01shake his hand and your income immediately goes to zero
- 4:04unless you've personally you know
- 4:06invested properly or bought rental properties or
- 4:10you know whatever
- 4:11what some brokerages you have equity ownership
- 4:14you have revenue share so it's you know
- 4:18you have options right
- 4:19the day that I decide to quit producing in real estate
- 4:22I'm gonna probably walk into my virtual office
- 4:25and just say hey
- 4:25thanks for everything my income is going to be built up
- 4:29because of other revenue share streams
- 4:32provided by my brokerage and my income cannot fall off
- 4:35the only thing that changes is
- 4:36I'm not trading my time for income
- 4:38for that production side of the business
- 4:40so absolutely mind blowing thing that came to me was
- 4:44I don't wanna look my broker in the eye
- 4:46even if it was my dad thanks a lot son
- 4:48you made me a shit ton of money
- 4:50now you're you know at zero
- 4:52and so that's where I kind of step back
- 4:54and I wanna make sure that we understand that
- 4:57you have the brand
- 4:58you have the ability to build a brand
- 5:00and if you can build a brand
- 5:01regardless of its industry or not
- 5:03you can take that brand
- 5:04and you can plug it into a different
- 5:06supercharged brokerage model that allows you to
- 5:08you know create multiple streams of income very easily
- 5:12but if it's all about that brand from day one
- 5:14it's really hard to transition away from
- 5:17and so when I was thinking about it doing 40
- 5:1950 transactions a year I I was like okay
- 5:22I gotta go somewhere where I'm surrounded by
- 5:24you know good people we're looking at a
- 5:27you know mindset to scale even as a solo agent
- 5:29a mindset to scale our business or income
- 5:32and how do we do that well
- 5:33we have to surround ourselves with better individuals
- 5:36right we have to
- 5:38put ourselves in rooms
- 5:39with people that are doing better than us
- 5:40or doing what we wanna do
- 5:42and understand how we can reach those levels right
- 5:46and so the biggest thing with me was okay
- 5:48what can I let go of my business right
- 5:51can I outsource my transaction you know
- 5:54coordinator duties can I
- 5:55you know outsource some of my
- 5:57you know
- 5:57graphic design and video editing and all of this stuff
- 6:01and coming to a brokerage like this
- 6:02where it wasn't all a car and me
- 6:04you know deciding and making all these you know
- 6:06things
- 6:06and having referrals from the people that were doing
- 6:09the things that I wanted to do
- 6:10that was a game changer for me
- 6:12because I was able to take my production business
- 6:15plug it into this model
- 6:17and absolutely have that continue to scale naturally
- 6:20because of how I built my business organically
- 6:22right referrals and all that
- 6:24those things seem to be kind of coming in
- 6:26I still put out content I still
- 6:28you know up to date on the market
- 6:29and I'm putting stuff out there
- 6:31and people seem to now be coming to me
- 6:33I don't have to you know
- 6:35grind is hard I don't have to maybe do the open houses
- 6:37I don't have to do the cold calling
- 6:38that kind of stuff I put out social media content
- 6:41I connect with people
- 6:42I am present in my community and business comes into me
- 6:45what that means is that I'm in my free time
- 6:48I'm actually growing my production business
- 6:50because of the relationship side of it
- 6:52the conversations I'm having
- 6:54and I'm able to develop a completely different business
- 6:57based on agent attraction and revenue share
- 6:59not to mention while when I'm closing deals
- 7:01I'm actually growing equity ownership in the company
- 7:04so this was all kind of related
- 7:06and it started with being able to outsource
- 7:09some of the pieces of my business
- 7:10that I did not feel comfortable outsourcing
- 7:13when it was just me in an olive cart brokerage
- 7:16and I had to make all of those decisions
- 7:18there wasn't as much support around me that would say
- 7:21hey here's a good TC
- 7:23this is why you need a TC
- 7:24if you get a TC this is how you level up
- 7:27and so those people that you surround yourself with
- 7:29make a bigger impact than you think
- 7:31and then of course when you know
- 7:34you're the you're the new kid on the block
- 7:36or everybody knows you're thinking about making move
- 7:38you have conversations right
- 7:39I had conversations with
- 7:40different brokerages that offered me
- 7:42managing broker roles you know
- 7:44these team lead roles all of this stuff
- 7:46and you have to sort through what's actually value
- 7:49what you're looking for what you can plug it into
- 7:52and what actually is realistic right
- 7:55I had even within my brokerage
- 7:57I had two kind of influencers that I was talking to
- 8:00and in the at the end of the day
- 8:02I decided to go with Mike
- 8:02Charard and the Wolfpack
- 8:03because it more aligned with my business right
- 8:06it wasn't the cold calling
- 8:07you know
- 8:08doing that stuff that I've just had never done
- 8:10and it wasn't something that I wanted to start doing
- 8:12so I have this whole other line of value
- 8:14that made more sense to me
- 8:15so first you have to sort through
- 8:18what is actually gonna be valuable to you
- 8:20and what aligns with what you wanna do
- 8:21and build your business cause brokerages have
- 8:24you know all kinds of packages things that they say
- 8:27you know here the truth is
- 8:29is that a lot of people are talking a big game
- 8:32and they can't actually offer you what they're
- 8:34they're referring to
- 8:35so you need to sift through that first of all
- 8:36and then you need to make sure okay
- 8:38this is the actual value that I'm looking for
- 8:41what what actually aligns with my business and how
- 8:43what's gonna make me take those further steps forward
- 8:47because I didn't wanna have the olive car
- 8:49where I was going out to find all the things
- 8:52if I could have it within a brokerage model
- 8:54that made sense
- 8:55and that's ultimately how I should made my choice is
- 8:58this is how I wanna build my business
- 9:00that sounds great to me that's what I wanna do
- 9:02I wanna be like that
- 9:03and so then we're going to you know
- 9:05grow accordingly and make that decision accordingly
- 9:07but please please please make sure that it's not
- 9:11a value proposition that cannot be
- 9:14you know confirmed
- 9:15cannot be actually given to you
- 9:17because that happens more times than not
- 9:20and it's a very sad thing
- 9:22and ultimately
- 9:22waste a lot of money and time in your business
- 9:25so yeah if all of this
- 9:27sounds like things that you've thought about
- 9:28and you're you know
- 9:29maybe it is time to consider a move
- 9:31and I'd be happy to talk to you about our group
- 9:33it may be a fit it may not be
- 9:35but I would love to have the chance
- 9:37so if you are interested
- 9:38book a call with the already Agent Wolfpack link below
- 9:41and I'd be happy to to just tell you what we have
- 9:43it's not a recruiting call
- 9:45it's not anything like that
- 9:46but this is what it looks
- 9:47like to align with this group
- 9:48this is how I built several income streams that are
- 9:53equal to
- 9:54or more than what I was doing on the other side
- 9:57in the other area and I get it
- 9:59you can go by rental properties
- 10:00you can go do all this
- 10:02this three stream model is in one brokerage
- 10:05for doing what you're already doing
- 10:07when people were calling me and saying
- 10:09hey Jeremy
- 10:09I just got my license worth showing my license
- 10:11I would say the old brokerage
- 10:12now I say this brokerage the only difference is
- 10:15is that I get compensated
- 10:17for helping you grow and be successful
- 10:19over here I got a Starbucks gift card
- 10:21and nothing if you were successful or failed
- 10:23so that's absolutely a key component to this
- 10:27and so as we move forward
- 10:28let's talk about this
- 10:29the last thing that really made sense to me
- 10:31was the lifestyle right
- 10:33I've heard
- 10:34over and over in my head that Realtors don't retire
- 10:36they expire well
- 10:38I certainly don't wanna expire
- 10:40so when I started looking at this and I was like okay
- 10:43what's this look like
- 10:44how long can I actually sustain this
- 10:45elite level of production
- 10:47how long can I do 50 60 deals a year on my own
- 10:50and the truth is you know
- 10:52maybe I got 10 good years left
- 10:54where I can hustle and do all the things
- 10:56but my my kids are growing
- 10:57I'm still able to be a part of their lives now
- 10:59but ultimately I really wanna be fully present
- 11:02when they are in their high school years
- 11:04those formidable years where they're gonna remember
- 11:07right they're gonna remember if I was at that game
- 11:09if I was constantly on the phone
- 11:10if I had to step out and take calls
- 11:12if I was at that performance
- 11:13and so that's my goal
- 11:15is to be 150% present in those moments
- 11:19and still build relationships
- 11:21now because I get it
- 11:22like you can't just show up one day and be like
- 11:24hey Dad's here right I know I've been working for 80
- 11:2790 hours a week so I was able to do that
- 11:29I'm able to timeblock
- 11:30and organize my schedule that way
- 11:32but the lifestyle behind it was huge to me right
- 11:35and beyond that
- 11:36now they're out of out of the house and my wife of
- 11:39you know 12 years or whatever it is now um
- 11:42and I can go travel go do the things we wanna do
- 11:45because I'm not rooted to this location
- 11:47in my production business
- 11:49so that lifestyle is absolutely key
- 11:51and it's not possible without
- 11:53the residual income streams
- 11:54in the exit strategy
- 11:56that absolutely is only provided by one brokerage
- 11:58in this industry and that's the XP
- 12:00I understand there's other cloud based brokerages
- 12:02copycats
- 12:03Rev share with equity models and production models
- 12:05but there is truly no other exit strategy within the
- 12:09you know umbrella of a real estate company
- 12:12like EXP
- 12:13and if you wanna talk about that and argue about that
- 12:15let's go give me a call 3 0
- 12:173 2 1
- 12:170 zero 3
- 12:187 8
- 12:19but I hope this helps
- 12:20kind of justify some of the reasons in the ideas
- 12:24that I brought to the table
- 12:26and the truth is that I am here telling you this
- 12:29because it's my duty I would be doing you a disservice
- 12:33if I didn't tell you exactly how this brokerage model
- 12:37and how this change
- 12:38completely changed my life three and a/2 years ago
- 12:40so I hope it helps I hope you didn't get too
- 12:43too excited or pissed off at me
- 12:46but comment below like the video
- 12:49subscribe to the channel
- 12:50it's not all about the brokerage
- 12:51it's not all about that
- 12:52it's about the people that you surround yourself with
- 12:55and I'm here to help
- 12:56however I can give me a call sometime or let's chat
- 12:59we'll see you next time