Mack - are you suggesting that team leaders carry salaried sales staff? That's kinda-sorta like the brokers doing it on a micro level. My concern would be training someone and then watching my investment move to another broker before I recoup my costs.
8 to 5 What a deal!
Benefits...wow, haven't had those for years.
Success or failures, not my responsibility, what a relief.
Do my task, keep spinning the wheel, not that is simplicity I can live with!
What will happen if the economy hits a speed bump?
Boss will need to lighten the load.
The employee will be seeking refuge in a even lower paying job.
What if the boss realizes the employees have boxed themselves into a corner and have no place to go and decide.."today we all going to go door knocking!"
And as most of us in a previous life came to realize, as a employee you are a fungible asset. The concept of security is an illusion and you will forever be poor. If we have learned anything it is that a direct exchange of time for money puts the employee in a never win situation. Only when one retains control of their time can they leverage their efforts for the future benefit of themselves and those important to them.
For many the candle of hope burns dimly. For these the sanctuary of an employer is attractive. It is my hope their curiosity will discover the opportunity before them that they never recognized. As long as the ember of hope remains, lives can indeed be changed.
The bright side is the broker will begin to exercise GREAT care regarding whom they take aboard. The 'If you pay the fee you're ok with me' tradition may begin to fade.
Because we are hearing rumbling about a true employee/employer relationship from individuals doesn't necessarily mean the majority is seeking the same. This wave could simply be the result of new factions entering the business that don't understand how business has operated for years.
My thought is that a change of this magnitude would eliminate a ton of part time agents that operate by their own system. Can't see an employer carrying too much wet and dead wood.....
The next time you hear that, tell them to stop whining and get a 9-5 with benefits and paid vacation. They'll thank you for it.
I'm not sure what the specific complaints these agents have - I imagine that they'd like the Lead Fairy to beat them upside the head with qualified leads so they can just "go out there and do what I'm good at, which is to sell property," but if that's the case, I think they misunderstand their value to their clients and to the brokerage.
However, an agent's value to the brokerage isn't quite so much lead conversion as it is generating new business for the brokerage. So while a real estate salesperson may prefer to not "run their own business," they may also need to look at what their value to a brokerage is if they essentially provide the broker with "menu services."
Inna: I agree with you to some extent, but there is a down side - agents who don't make their sales quota would be terminated much sooner than a contract agent who costs the broker much less and therefore can be carried longer.
Scott: I think you're right about the current generation of agents, they aren' used to strict supervision. But the new "entitlement" generation might like it just fine if they get a steady paycheck.
Bill: totally agree, part-time agents who don't meet quotas would not be around long, but part-time agents who exceed quotas might be a bargain for a broker
Annette: not sure I agree with "success or failures, not my responsibility..." If anything, if I hired an employee agent (which I am not planning to do), I would likely hold them more accountable than I would a contract agent.
Tom: I agree that business people in general have to change with the times, but the question is whether or not changing agents from contract to employee is a good idea at this particular time
Janet: You obviously embrace the "business owner" agent model that most agents seem to feel most comfortable with, trading the extra administrative tasks for no cap on earnings.
There are more millionaires made in down markets than in the booming UP markets.
The Depression of the 1930s saw more ppl become millionaires in than any other time in history.
Changing ones business model depending on the economy or which political party is in office is a must.
Sticking with ONE business model is like having only one product to sell. You Will Fail. It is just a matter of time.
What is our saying? "The Only Constant in Real Estate is Change."
Each realtor must have too many hats while selling real estate, it IS like 'running a business'. Not everyone can do it.
When you work as a part of a team, it is more efficient work: everyone is responsible for a certain aspect of a RE transaction: listing agent, marketing, TC, buyer agents, agents for rents, PR person, etc.
I heard about 'salary agents'. Less responsibilities, more focus, benefits, stability~ i'm sure, a lot of agents would like it.