Real Estate Coaching

Before you decide to buy into a Real Estate Franchise ask yourself these questions.

Why do I want a franchise?

What is your motivation?

Is it Control or Ego?

Is it to earn more income? If so how much?

Do you really want the responsibility of managing others?

Am I willing to pay the price to manage others?

Am I an effective communicator?

Am I perceived as a leader who can be trusted?

How much empathy do I exhibit for other sales associates?

Can I make a decision?

How many years are you willing to wait before the business breaks even?

Do you really understand business even though you’ve been a top sales agent?

Is the word Success in your DNA

If you could earn 100k per year being an agent just supporting you, versus earning 100k owning an office with 25 agents after 3, 4, 5 years, which would you choose?

Can you take criticism from your support staff or agents?

Have you researched your competitors and do you have the resources to compete?

Do you have the integrity and solid reputation within your Real Estate community to survive?

Are you sure you really need a franchise?

Have you talked to other franchisees and determined if they are even profitable?

What are the geographic area restrictions for a competing franchise office or is it a Starbucks, one on every block?

Are there terms in the franchise agreement that have heretofore not been enforced? Red Flag!

Are there franchise renewal fees and are they the same for everyone?

If you leave the Franchise you select can you retain your office phone numbers if you do not renew.

Can your relatives have their own competing different brand franchise company? IE: CB vs. KW

Are you willing to take direction from a Franchisors employee who has never been in the Real Estate Business?

What would you expect to learn at Franchise Training?

Has the Trainer ever been in the Real Estate Business?

My friend, as you can see I can go on and on with questions that should be asked prior to purchasing a Real Estate Franchise. Do most prospective franchisees ever ask these questions? I think not!

What will you do when it comes time to research going into business for yourself? I hope it’s all of the above. For those Teams thinking your better off buying your own franchise, think again and call me before jumping ship with your present company.

For further help in understanding the challenges of your business decision feel free to call me at 888-393-1230.