AgentBrokerage

Another brokerage using lucrative sign-up payments to attract agents

One $6M producer was given an incentive believed to be around $45K to move
  • The principal broker at the Coldwell Banker Pacific Properties office in Kapolei, Oahu, has made multiple offers to Hawaii Life agents in recent days.

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Who doesn't like a bonus? In the competitive market of Oahu in Hawaii, Coldwell Banker Pacific Properties has been offering selected competing agents generous incentives to jump ship. For one agent at Hawaii Life, it was too much to resist. After some recent to-ing and fro-ing, he decided to take the money and move brokerages. Jumping ship Matt Beall Hawaii Life's principal owner/broker, Matt Beall, said that the principal broker at the Coldwell Banker Pacific Properties office in Kapolei, Oahu -- which is corporate-owned -- had made multiple offers to his agents recently, and the agent tempted away was given an incentive believed to be around $45,000. "He said he declined them twice and the check kept getting bigger," said Beall. Beall said the agent, who has now signed off from Hawaii Life, had a sales volume of around $6 million -- slightly above average, although close to one third of the leads for these deals were provided by the company. He had been with Hawaii ...