To run a real estate office on a low budget is a manager, receptionist, and agents enough to operate?

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  • To run a real estate office on a low budget is a manager, receptionist, and agents enough to operate?


Answer #1 | 18/04 2017 00:21
There are some offices where those three are one and the same person. Depends on the volume of business you do.
Answer #2 | 17/04 2017 23:59
Agents are usually the easiest employees to have because they usually work off of commission rather than salary or hourly wages. A manager and receptionist is a must have, especially a manager to deal with disputes. It also depends on how many properties you plan on managing if you plan on being a property manager or just a seller/buyers agency, or both. I worked for a real estate for 5 years that did both, and we managed about 300 + properties. It can be very difficult at times, but it wasn't impossible.
Answer #3 | 18/04 2017 00:04
Well, you need a broker. Is that what you mean by manager? Then, the rest sounds good. You could get by without a receptionist. Most realtors rarely go into an office; they work out of their home and car.
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Answer #4 | 17/04 2017 23:56
Answer #5 | 18/04 2017 00:24
For a small office don't even really need a manager or a receptionist. I worked for my dad for 7 years. It was always just the 2 of us. I acted as receptionist, property manger & bookkeeper. When I left he hired one lady to take my place. He recently sold the business to her & she is doing everything on her own. We did primarily property management and dad did sales. We had an inventory of 120 properties spread between about 5 cities and 2 counties in a spread out rural area.
Answer #6 | 18/04 2017 17:51
You do not need a manager. You can do with using your cell phones and an assistant who helps with the paperwork.
Answer #7 | 21/04 2017 21:29
If you are the real estate broker, you need only have the agents work in the office. You are able, as the broker of record, to act as the manager of the office. You are able to assign your real estate agents what is considered floor time. Normally floor would eliminate the need of receptionist. Normally this floor time could be for the entire day. This real estate agent would be required to answer the telephone, direct the person calling to the right real estate agent or take messages and pass them on to the right real estate agent, on their day of floor time. Any leads that would come in that day would become the leads of the real estate agent that is assigned floor time. You might hire as many real estate agents as you would want to place your real estate office in operation. Once you are able to realize a profit, you would be able to add the sauces and gravy to the office expense.Until then you would want to remain lean and mean. I hope this has been of some benefit to you, good luck. "FIGHT ON"

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