Looking at changes brokerages from a local brokerage to Berkshire Hathaway
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[{"id": "i8vo9au", "text": "Do it- but don\u2019t burn any bridges at your current place.\n\nIf it\u2019s awful and you left in a kind way- they\u2019d always welcome you back.", "replies": [], "depth": 1}, {"id": "i8wtnya", "text": "I would look into the tools they provide to you at either their cost or at a discount. One of the reasons I opted to move to KW Commercial was because at my small boutique I was paying $695/month for Costar for 3 counties...I now pay $325 for nationwide access. \n\nBerkshire and KW both promise support for commercial and blah blah blah. It \"may\" be accurate, but realize that both of these firms make a majority of their money from resi deals (KW has 175,000 residential agents versus 2,200 commercial agents). Not sure of the numbers for Berkshire but I do believe you need to be prepared to still be left on a bit of an island. \n\nBest of luck in whatever you decide.", "replies": [{"id": "i8xiduo", "text": "They\u2019re open to giving me the resources I need and will pay for my costar. I feel like Berkshire has more of a respected name in the game vs the current local brokerage I\u2019m at and I\u2019m sure that could help me in the long run. Every CRE agent I\u2019ve spoken to says you need to be at a national brokerage to be successful, so I think branding plays a big role", "replies": [{"id": "i8ympe5", "text": "I disagree with the \"national\" brokerage statement...CRE agents are saying that to make themselves feel better about paying the shop 50% of their commission. If you control the marketplace, through listings in your area, your brokerage is irrelevant, as long as you have the contacts, resources and experience necessary to close deals.", "replies": [{"id": "i8yxnm0", "text": "Fair enough. Well where I\u2019m currently at it\u2019s already 55/45 split and I just found out that extra 5% was going into someone\u2019s pocket. On top of that, now the CEO wants to start cutting resources from the commercial division. I feel like I\u2019m on a sinking ship and he\u2019s going to dissolve commercial and refocus his attention on residential. On top of that, he\u2019s turning the entire executive staff into lenders/insurance agents so that cuts into resources.", "replies": [], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "i8xa7vh", "text": "The splits will be better at a res brokerage but the support you'll get somewhere that's purely commercial will be significantly different. You'll also be taken more seriously in the industry when dealing with other agents and have way better access to know what's happening in the market because you'll be surrounded by so many other commercial agents vs just a few folks in a commercial division.", "replies": [{"id": "i8xhcyw", "text": "Splits they\u2019re offering at Berkshire is actually a lot higher than my current brokerage. The Berkshire branch that I interviewed with only has one commercial agent but he\u2019s very experienced and established in the area, so I see that as more of a resource than 3 of us with less than 5 years commercial combined", "replies": [{"id": "i8xjnew", "text": "Yeah, having someone with more experience is definitely a better resource than what you have now. I was referring to somewhere totally different from either and going to a pure commercial brokerage like cbre/cushman/colliers etc. especially when you're starting out and can be surrounded by people who are active in the market.", "replies": [{"id": "i8xk3z1", "text": "I\u2019ve tried applying with them but they want to see a larger portfolio before they\u2019ll even consider me. So I think this is kind of a good half way point between where I\u2019m at now and where I want to be at one of those firms", "replies": [], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}]