Industry NewsTechnology

Technology empowers mobile brokers

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

By NATALIE KEITH Scott Daniels, a broker with Florida List for Less Realty Inc. in Cooper City, Fla., recognized the need to conduct business in a more virtual way several years ago. So about two years ago, he created a separate division of his company called Global Partners Realty Group Inc. to attract real estate agents seeking to work in a virtual-office environment. Now, half of the agents who work under him -- or 50 of the 100 -- work from their home offices. Under the agreement, virtual agents pay only a $395 transaction fee while keeping the bulk of their commission income. In addition, virtual agents have access to the same resources available to agents who work in the more traditional office setting. "Basically, they are their own bosses," said Daniels. "As long as they fill out the proper forms, they're fine." Colin Cochrane, of Pembroke Pines, Fla., has been working as a "virtual" agent under Daniels for the past two years. Work...