If a firm declares that it is a designated agency real estate company, the law allows the firm to be
the brokerage on both sides of the transaction, as long as there are different «designated» agents representing the buyer and the seller.
Not exact matches
In addition, as this amount is charged
on both
sides of the
transaction (buying & selling), hence you have to pay a total
of Rs 500 for the complete
transactions (way too expensive compared to a total
brokerage of Rs 40
on both
sides of transactions in Zerodha).
But given that many salespeople within a
brokerage collaborate with each other
on marketing, development deals or
on the
transaction side, the
brokerage also saddles its salespeople with traditional commitments: being a member
of a team.
Shannon Register, ABR, e-PRO Broker - Owner, Register Real Estate Advisors, Spring, Texas www.rrea.com; www.rrea.com/blog; www.rrea.tv A brief history: Started in real estate sales in 2008; opened
brokerage in January 2011 2011 gross sales through Aug.: $ 4.6 million
on 35
transaction sides 2011 projected sales (projected): $ 20 million
on about 95
transaction sides Number
of offices: 1 Number
of sales associates: 15 +
In the 2017 RISMedia Power Broker Report
on the nation's largest
brokerages, RE / MAX agents averaged 16.2
transaction sides each — a figure more than double the 7.5 average
of all other agents in the survey.
Jennifer Bunker CRS ®, GRI, Broker - Owner Coldwater Creek Properties
of Northern Utah, South Ogden, Utah www.coldwatercreekproperties.com Years in Business: 7; became a real estate practitioner in 2002; opened
brokerage in 2007 2008 Gross Sales: $ 6.7 million
on 28
transaction sides 2007 Gross Sales: $ 6.8 million
on 29
transaction sides Number
of Offices: 1 Number
of Sales Associates: 5
The survey ranks
brokerages based
on the number
of transaction sides closed during the year.
This would require a change in representative capacity to eliminate this conflict
of interest since the
brokerage is legally unable to provide sole agency representation to parties
on competing
sides of a
transaction.
For example, Pittsburgh - based Howard Hanna — ranked by Real Trends as the fourth - largest
brokerage by
transaction sides in 2011 — said in February it would pay a seven - figure sum (between $ 1 million and $ 10 million) for special treatment
of its listings
on Trulia and Zillow.
The technology has helped HER associates close,
on average, 23.33
transaction sides a year, giving the
brokerage one
of the highest closing rates in the country based
on REALTOR ® Magazine's Top 100 Companies survey.
Years in business: Started in real estate in 1992; opened
brokerage in 2001 2009 gross sales: $ 103.2 million
on 294
transaction sides 2010 gross sales (through July): $ 48.3 million
on 118
transaction sides Number
of offices: 1 Number
of sales associates: 20
A law firm, like a real estate
brokerage is able to be (act)
on both
sides of a
transaction, where I come from.
R.J. Smith Broker - Owner CRB, CRS ®, Real Estate Solutions, Pine Bush, N.Y. www.real-estate-solution.com / Years in Business: 35; became a sales agent in 1974; opened
brokerage in 1976 2008 Gross Sales: $ 126 million
on 309
transaction sides 2007 Gross Sales: $ 156 million
on 499
transaction sides Number
of Offices: 2 Number
of Sales Associates: 50