Advantages of licensing our “Marks” for $495 per year instead of franchising with other companies.
- You own the real estate brokerage.
- No large start up franchising fees.
- No large recurring franchise fee every 5 years or so.
- No annual franchise royalty percentage of gross commission income.
- No one telling you how to run your business.
- Work from home, virtual office, shared office, executive office suit, or a regular office.
- Have as many office locations you want.
- Work as a Sole Proprietor, PC, LLC, Sub-S Corp, Full Corp or any other entity you prefer.
- Work as a sole practitioner or recruit and train other real estate brokers to work for your brokerage.
- If you recruit and train, you decide how to compensate each real estate broker or agent.
- You get paid directly at closings.
- You store your own transaction paperwork.
- Your brokerage contact information is on www.mswoods.com
- If you work in central Indiana or the southwest coast of Florida, your brokerage information is on each of your listings at mswoods.com
- You can receive leads for your selected areas from mswoods.com for a 25% referral fee.
- mswoods.com has been in existence since 2000 in central Indiana and receives approximately 1,000,000 pages views per month from approximately 50,000 website visitors per month.
Disadvantages
- Thinking.
- Thinking harder.
- I give up.
Requirements for Indiana
- You need to be Broker Manager Eligible.
- You need to have completed 25 residential real estate transactions in the state of Indiana.
- You shouldn’t have any consumer complaints at the Indiana Real Estate Commision or your local, state or national REALTOR’s Association.
Steps to start your own M.S.WOODS Brokerage
- Think of a DBA name for your brokerage. Examples:
- M.S.WOODS Brittany Woods
- M.S.WOODS Stancato Group
- M.S.WOODS Indy North
- Real Estate Supremes M.S.WOODS
- Hold your own broker’s real estate license.
- Purchase Errors & Omissions Insurance.
- Change your local board of REALTORs affiliation to your new brokerage name.
- Print up some signs and cards with your new brokerage name and contact information.
- buy the domain name to match your new brokerage name in case you want to build a website.
- Go sell some real estate.