Top 5 Excuses For Not Opening Your Own Real Estate Brokerage

Posted by:

Top 5 Excuses For Not Opening Your Own Real Estate Brokerage

At Realty Point we’ve spoken with many real estate brokers about incorporating and opening their own brokerage. While the benefits are obvious (tax benefits, liability issues, equity growth, income splitting and income deferral are the most popular pluses), there is always the uncertainty about starting off on your own even in a business that you’ve had many years in the making.

Here are the top reasons why real estate brokers don’t open their own brokerage and why they need to reconsider ...

Continue Reading →
4
DEC
0

Scared to Open a Brokerage

, , ,

Take Charge of your Destiny!

Posted by:

Running a successful real estate business is difficult. You’ve worked very hard and sacrificed a lot to reach the level of success you have. But if you’re working under the umbrella of one of the big brokerages, every deal you do adds to their prestige, not your own. Wouldn’t you rather be growing the value and reputation of your own business, instead of someone else’s? Then why put its keys in their pocket?

Many Realtors® dream of setting up their own ...

Continue Reading →
6
OCT
0

Reasons To Incorporate

, , ,

Real Estate Teams: Why put your keys of success in someone else’s pocket?

Posted by:

Running a successful real estate business on your own is hard. When you have to handle every deal yourself you can end up missing out on great business opportunities just because you don’t have the time to pursue them. When the time comes to start hiring people to work with you, you take your business to the next level. You can leverage their knowledge and relationships to rapidly grow both your reputation and your profits.

But if you’re working under the ...

Continue Reading →
25
SEP
0

Tax Benefits

, , ,

Receive expert help with starting your own brokerage

Posted by:

There are lots of great reasons to incorporate your real estate business. You might be attracted by the tax savings and tax planning possibilities, be keen to build a legacy for your family, or want the prestige and independence of owning your own brokerage.

But there’s so much involved in setting up a real estate brokerage. Filling out application forms and endless paperwork, finding an office, buying equipment, hiring staff…. the legal requirements can feel like a maze and the whole ...

Continue Reading →
25
SEP
0

Feasibility of Running a Brokerage, Scared to Open a Brokerage

, ,

Real Estate Technologies for Brokers on the Go!

Posted by:

As a successful Realtor®, there are lots of great reasons why you might want to incorporate your business – like prestige, legal protection and substantial tax savings year on year.

But there’s an awful lot of work involved in opening a brokerage. Applying for a licence, filing paperwork, setting up an office and hiring staff – it can be an ordeal just trying to work out what’s required.

And it’s not just the set up hassles that ...

Continue Reading →
25
SEP
0

Additional Features

, , ,

Is Owning a Real Estate Brokerage Financially Feasible?

Posted by:

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 ...

Continue Reading →
25
SEP
0

Cost Feasibility

, , ,

Want to have a Real Estate Brokerage you can be proud of?

Posted by:

As a successful Realtor®, there are lots of great reasons to incorporate your business – like prestige, legal protection and substantial tax savings.

Of course, the Real Estate Council of Ontario (RECO) won’t allow you to incorporate your business unless you set up a brokerage. And the thought of all the cost and hassle involved is enough to stop many Realtors in their tracks.

• How much will it cost to have your own office, staff and ...

Continue Reading →
25
SEP
0

Administrative Feasibility, Feasibility of Running a Brokerage

, ,

Turn Your Real Estate Practice Into a Marketable Entity

Posted by:

As a self-employed Realtor, your business is just a source of income. The moment you stop working it will become worthless, leaving you with nothing to show for all the work you’ve put in.

When you incorporate your business you’ll transform your real estate sales career into a marketable entity, a valuable asset you can sell or transfer whenever you’re ready to move on. Whether you want to relocate, start a new venture or settle down and enjoy your retirement, you’ll ...

Continue Reading →
25
SEP
0

Reasons To Incorporate

, ,

Want to Open a Brokerage Without Drowning in Paper?

Posted by:

As a successful Realtor, there are lots of reasons why you might want to incorporate your business. Like putting thousands of more dollars a year in your pocket by taking advantage of the corporate tax rate of 15.5%. Or protecting your savings from legal threats. Or investing in your future.

But there’s an awful lot of work involved in opening a brokerage. Applying for a license, filing paperwork, setting up an office and hiring staff – it can be an ordeal ...

Continue Reading →
25
SEP
0

Administrative Feasibility, Feasibility of Running a Brokerage, Scared to Open a Brokerage

, ,