Key Signs That It Is Time To Find a New Real Estate Brokerage

According to the National Association of REALTORS (NAR), real estate agents are spending shorter amounts of time with a firm before moving on. The key in making the right decision to jump to another brokerage firm is recognizing the signs that tell you that it is time to make a change. The professionals at eXp Realty, specifically the Most Referred Expert team, can help you to make this informed decision. Here are five of the key signs that signal that it is time to find a new real estate brokerage firm.

Financial Considerations: It is not surprising that many realtors make a change because of unattractive financials. Your commission needs may be different depending on your level of experience and available time. Before deciding what firm to join, you need to run the numbers carefully to make sure that you are being compensated fairly for both your work and your level of expertise in the field.

Inadequate Business Support: While financials are certainly one of the top considerations, you also need to take into account the level of business support a firm is willing to provide. It is not unusual for brokers to change firms because of inadequate business support. You want to find a firm that provides the necessary marketing tools, technical support, and clerical backing that you need to do your job to the best of your abilities.

Little Training and Educational Support: In order to stay on an upward trajectory with your career, you are going to need training and continuing educational resources at your disposal. When brokers do not feel supported in this endeavor, it makes sense that they may try to find a firm that provides these resources. Be sure to ask what type of training you can expect to receive when interviewing prospective firms.

Poor Opportunity for Growth: Without the proper training and access to educational resources, many real estate professionals find it difficult to grow their businesses. Other factors that may limit growth within a firm include a lack of mentors and networking opportunities. You need to find a firm that is intentional about helping its agents to reach their highest potential rather than limiting their professional growth.

Cultural Vibe: Many realtors decide to jump ship if they realize that they are a poor cultural fit for their current firm. While it may be more difficult to pinpoint this issue, you should always listen to your gut. Signs that you may not be a good cultural fit include not feeling comfortable in the workplace, the presence of bickering and in-fighting, and a lack of diversity and inclusiveness.

If you decide to make this change in your professional career, it is important to choose the best real estate brokerage firm for your personal needs. When you join eXp Realty, you will do so with great confidence that you are making a sound decision.