There have been major changes to the traditional real estate business model in the past couple of decades, but in order to survive in a tough industry, brokerage companies need to keep evolving. These 10 powerhouse firms have done just that and are reaping the rewards.
The real estate industry is saturated with agents and there are now fewer traditional transactions to go around. In order to stand out in the market, there are a number of things savvy brokers can do, including using the Internet to your advantage, building a team, having a solid business plan, acquiring a competitor, trying a new business model, using a virtual assistant, and diversifying your business.
The Internet and the wealth of information and tools it provides has forever changed the real estate industry and how agents do business. Real estate professionals need to conduct themselves online as they do in real life with integrity and continue to offer excellent service and cultivate an impeccable online reputation.