Brokerage

What makes real estate teams take the leap to independence?

  • A team decides to make the move to become a brokerage for many reasons: life events, a series of small events or the desire to build a legacy.
  • Teams who break off to form brokerages try to retain what they love about their team.

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

For some successful teams, the decision to break out and set up their own brokerage can be gradual as the argument for freedom builds over time. For others, a life event can be the trigger. In the case of Washington, D.C., brokerage co-owner Hans Wydler, it was the Amtrak train derailment in Philadelphia in May 2015 -- a traumatic event that left him badly concussed and physically affected for months after he experienced it. "Steve and I had been talking about setting up own brokerage for years. This was the kick in the head that initiated serious conversations like: 'What are we waiting for?' Life is short," said Hans. 12 months of Wydler Brothers The Wydler Brothers The Wydler brothers, Steve and Hans, started The Wydler Brothers brokerage on January 1 this year, bringing with them 20 agents and 10 specialists -- almost the complete team they had at Long & Foster. They had reason to be confident -- in 2015, they did around $250 million production in the Maryl...