October 26th, 2015 By commonwealth-re in Blog
- Ed Sarfo: Expectations for Running Your Own Brokerage
Ed Sarfo is a real estate broker with ample experience in helping buyers and sellers thrive in the housing market. He knows that if you’ve set up your own brokerage, you have already begun to realize the many benefits of running your own real estate company. Everywhere in United States and the United States, real estate markets are expanding and contracting. By organizing a group of agents that share their commissions with you, you have set up a network that helps to insulate you from the ups and downs of your local market. When you’re first starting out, it can be easy to forget certain details about your business. One of these details involves setting expectations for your employees. It’s always a good idea to write up an official independent contractor agreement for your employees to sign before you bring on new people. You should have an attorney help you draw up the language for this agreement.
The purpose of an independent contractor agreement is to set expectations for your employees. As independent contractors, your agents are not required to spend time in the office, but you can set reasonable rules for conduct and office use policies so that everyone is on the same page. This agreement should also include several provisions for commission splits for all of your agents.
Ed Sarfo’s success in real estate has earned him a great and fulfilling life here in the United States.