Let’s break down the signs of when you might want to change brokerages.
In the dynamic world of real estate, the decision to change brokerages is not one to be taken lightly. After spending 28 years in the business and managing an office for 17 years, I’ve come to understand that this choice should be made with careful consideration and a clear sense of purpose. I’ll share some insights on when it might be the right time to make the move and what factors to weigh.
Often, individuals consider changing brokerages when they’re upset or when something disrupts their routine at their current brokerage. However, this might not be the ideal moment to make this significant change. Instead, I propose looking at the decision from a different perspective – not just driven by emotion, but with a more thoughtful approach.
Before making any moves, it’s essential to have a clear understanding of your goals. Start by revisiting the initial objectives you set when you entered the business. Think about your long-term vision. If you can’t answer where you see yourself five years from now, perhaps changing brokerages isn’t the solution.
Consider your business from a system standpoint and your mission statement. What were your goals, and how have you worked toward them? Evaluate how you’ve leveraged your relationship with your manager and your current brokerage to achieve these goals. Identify any gaps in this system.
First, reflect on your own actions and goals. Have you given your best effort to make them a reality? Second, consider your relationship with your current manager. Have they provided the support and guidance you need? Lastly, assess your brokerage. Are there structural gaps that hinder your progress, and can they be addressed?
If you find gaps that can’t be closed, it may be time to explore other options. It’s crucial to remember that while money matters, chasing higher commission splits isn’t always the solution. In my 28 years in the business, I’ve seen many individuals change brokerages without achieving the desired outcome. Sometimes, activity even decreases. If you’d like to discuss making a well-informed decision about your future, feel free to reach out by phone or email.
