Should You Stay or Should You Go? A Broker’s Dilemma

Key Points

• Real estate broker, Milena Monet, discusses the challenging decision of whether to remain at a current brokerage or taking the plunge by moving on to greener pastures.
• The current volatile real estate market is sending brokers at all stages on a soul-searching mission about their professional trajectory.
• Monet emphasizes the importance of thorough self-evaluation before making a decision. Key questions cover areas such as the broker’s relationship with their mentor or team lead and the brokerage’s commission and support structure.
• Other crucial factors include the broker’s growth projections, overall satisfaction with the current firm, the potential for expanding professional networks, and the perks and drawbacks of either option.
• Monet advises that, in the end, the decision should align with the broker’s long-term career goals and personal aspirations, despite the current market turbulence.

Hot Take

Wowzas! If this ain’t the ‘To Be or Not To Be’ of real estate – whether ’tis nobler in mind to endure the slings and arrows of a troublesome brokerage or to leap into a sea of unknown risks. Our real estate Yoda, in this case, Milena Monet, advises that before you sprint down the Knightsbridge road or have an ‘Eat, Pray, Love’ moment with your brokerage allegiance, pause—I repeat, PAUSE—and have a good chinwag with yourself. Scoop out those insides, poke at your work happiness quotient, your mentor love meter, and your ‘show me the commission’ calculator. Not just this, peep into your professional crystal ball and see if it screams “growth,” “expansion,” or, uh-oh, “run.”

Oh, and remember, amid all the covidity and shifting sands of the real estate market, your decision needs to be a long-term dinner date rather than a short-term fling at the market’s whims. Above all, it should be about you, your rhythm, your potential, your happiness. So, brokers, it’s time for little soul-searching under the magnifying glass before making the ‘big move’. Can you hear the soundtrack yet? “Should I stay, or should I go now? If I go, there will be trouble…’

Original article: https://www.inman.com/2024/02/26/should-you-leave-your-brokerage-5-questions-to-ask-yourself-first/