Building a Brokerage on a Budget

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Entrepreneurship is the leading cause of success.

Ask anyone that has experienced business success through the ownership of their own company and you’ll hear about the joy of nurturing a business through its various stages of growth, of tackling problems head-on and creating solutions where none existed before.

The real estate industry in Ontario has its own particular measurement for success: brokerage ownership.

But quite frankly this isn’t a step many brokers take because of the amount of cold hard cash needed to ...

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Is Owning a Real Estate Brokerage Financially Feasible?

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As a successful Realtor®, there are many great reasons to set up your own brokerage – like prestige, legal protection and tax savings of over $50k per year.

But a brokerage doesn’t come cheap. Even the set up costs, like equipment, furniture, and infrastructure, can be a major stumbling block, although the regular tax savings make this initial outlay worthwhile.

The bigger worry for most aspiring real estate brokers is the thought of all the ongoing expenses. Like any other business, there’s ...

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