There is something to be said for getting something done entirely by yourself. This is especially true in America, which ranks as the nation with the highest sense of individualism versus collectivism, according to Hofstede’s cultural dimensions. Entrepreneurs and business people in America have a tendency to want to take the reins of the entire operation. After all, there’s some validity to the coined saying, “if you want something done right, you have to do it yourself.” But, there comes a time, when doing it all by yourself starts to become unreasonable. The right partnership can propel your agency forward significantly. By partnering with New Door, agencies can expect ample growth, higher earnings, and top-tier talent.
Any partnership comes with a slew of questions. Are you ready? Are they ready? Where is this all leading? When it comes to business partnerships, both sides of the potential partnership are owed transparency from the other. There shouldn’t be any surprises when it comes to a partnership. Transparency is a founding principle of New Door, which is why we want to be straightforward about what to expect when partnering with New Door.
Partnering With New Door Leads To Higher Revenues
Partnering with New Door helps you to earn more at the closing table and have higher revenue. When you form a partnership with New Door, your agency is building a secondary company that you own. This company handles the entire process of title transfer in all of your real estate transactions. The real estate transactions that your agency is already performing every day.
Your agency is able to capitalize on this secondary transaction as well as the primary real estate transaction. Connecting the dots, you can see how this puts more money in the pockets of both agents and the business entity as a whole.
One of the benefits of partnering with New Door is that you retain complete ownership of the business entity originated to handle and manage the title-transfer exchange. This means that you and your team are in total control.
Of course, this means that in order to secure a partnership with New Door, there is a required deposit upfront. The deposit is a minimum of $10,000, however, this allows New Door to manage the new entity on your behalf while your agency retains complete and total ownership of the subsidiary entity and capitalizes doubly on every real estate transaction conducted.
Better Agents (With Higher Earnings)
When agents hear that your agency offers a higher earning potential, this is going to attract top-tier talent. That’s true regardless of industry. In sports, since it is the season of NFL free-agency, in law firms, in accounting, and of course, in real estate as well. Partnering with New Door passively creates an environment that attracts more top-tier talent than other agencies without this type of partnership.
This is like having your cake and eating it too. By partnering with New Door, your firm equips agents and staff to earn more on each and every transaction. This will attract more talented realtors with more experience, who already have a higher average earning potential due to their reputation, existing book of business, experience, and raw sales talent. Ultimately putting more money in the pocket of both the agent and the firm.
The Reputation Factor
Not only does partnering with New Door lead to higher earning potential for both the agents and the firm, but the type of talent attracted will also come with their own pre-existing reputation and clientele.
This is important for a couple of reasons. First, an organization is its people. With agents that are well regarded by their respective communities and have records of high achievement, the reputation of the firm will also be bolstered and amplified.
Wrapping It All Up
A successful partnership requires a handful of core ingredients. Trust, communication, transparency, and most importantly, true partnerships. That’s why New Door prioritizes the value in its partnerships. Partnering with New Door will help pave your agency’s path toward a more efficient agency that attracts top-tier realtors, and allows for higher earning potential all-around.
The real estate market was one of the few to endure the economic downfall that occurred at the onset of the COVID-19 pandemic about a year ago. As such, a market that was already competitive became even more fierce. In such a competitive market any and every advantage is an important one. By partnering with New Door, your agency will see higher revenues, become more efficient, and attract the best of the best when it comes to realtor talent.