Principal and Associate Brokers - quick question here…
My principal/responsible broker is also one of the top producers in the state which is technically my competitor. Is this how it is at all commercial brokerages? I’ve heard of some shops where the responsible broker doesn’t compete on deals and prospecting, pretty much like an employee. Feels like a conflict of a interest or pyramid scheme.
[{"id": "izs9223", "text": "Depends on the shop, but I don\u2019t think what you\u2019re describing is uncommon.", "replies": [], "depth": 1}, {"id": "iztrn6t", "text": "Are you a part of his team, or is he simply the managing director of your office?  If the latter, then he is competition like any other broker in or outside of you office. Nothing wrong with those guys still doing deals, but I\u2019d recommend prospecting different clients than him.", "replies": [], "depth": 1}]