Are you a top real estate agent in Boston? Do you consistently produce $8, 10, 15, 20+ million a year in business? Then we have an offer for you.
My name is Nick Warren and I am the owner of the Warren Residential Group, a Boston based real estate brokerage firm located at 138 Newbury St. in Back Bay. I am looking to partner with the top 20% of Boston’s real estate agents. We are an agent centric real estate brokerage focusing on branding each agent and helping you grow your individual businesses. We aren’t looking for agents who just “put in their hours”, we are looking for people who are excited about working “on” their business and watching it grow. We want YOU to be the brand people remember.
My philosophy is simple. Pay you, the top producer, what you deserve, provide the support you need, and let you have the freedom to be creative and grow your business. We do this by providing a commission structure which allows you to keep 100% of your commission. All you pay is a small monthly investment and a per transaction fee to cover E+O insurance and administrative costs. No more 6-8% franchise fees!
Below is an example of how it works:
- Say agent X produces $10mm in sales from 15 transactions in 2009.
- His gross commission income is 250,000
- His current brokerage takes a 6% franchise fee off the top leaving $235,000
- He is on a 65/35 split at his current brokerage, ABC Realty, resulting in $152,750 in income.
At Warren Residential, agent X’s yearly earnings after everything would be $216,250. This puts $63,500 more in Agent X’s pocket than at his previous brokerage. A 42% increase in income based on the same amount of work! What could you do with an extra $63,500 next year? Market yourself more? Use it to create an additional $5,000,000 in business? Pay off credit cards or buy a new car? The possibilities are endless!
Continual Marketing from Warren Residential Group
On top of all this, the Warren Residential Group is contining to increase it’s own marketing, providing leads throughout the year to you on a30% referral basis. Since it’s launch, our website www.warrenre.com has surpassed some of Boston’s top real estate websites for traffic, time on site, and page views according to Alexa.com data and it’s still only less than a year old! The more a site ages the better it gets which has me really excited to see where the next few years will take it!
Why Would I Create This Business Model When I Could Just Do What Other Brokers Do?
The definition of “Crazy” is doing the same thing over and over again but expecting different results. With so many real estate offices closing like Coldwell Banker on the Waterfront, Prudential in the South End, and more to come, I don’t want to follow the tradition model. The days of Broker Centric real estate firms are gone. Today’s model must be agent centric to prevent turnover and create higher customer satisfaction.
I know this won’t make me rich even if I reach my goal of 45 agents for this office. But, by targeting you, the top producing agent, and keeping you happy by putting top commission dollars in your pocket and allowing you to focus on growing your individual brands, I know there will be very little turnover and will establish a consistent business. It will also allow the company to earn enough income and develop enough market share to allow us to branch into other divisions and businesses such as Warren Development Marketing which will focus on new construction developments with on-site sales offices, Warren Mortgage, Warren Financial Services, Warren Capital (an investment and development division), Warren Concierge, and more.
