April 19, 2023

Why do successful real estate agents not become brokers?

Successful real estate agents may choose not to become brokers for a variety of reasons. Becoming a broker requires additional education, business understanding, and financial investment. Furthermore, brokers must manage a team of agents and handle more administrative tasks, which may not appeal to those who enjoy the freedom of being self-employed. In addition, brokers typically make a commission on the sales of their agents, which may be less rewarding than making direct sales themselves. Finally, as a broker, an agent can no longer act as a buyer's agent, which can be a lucrative source of income. Ultimately, it is up to each agent to decide if the additional responsibilities and rewards are worth the investment of becoming a broker.