> Home > Insider News

Agent-Owners Boost Growth

Employee ownership, referral programs and more keep this agency growing.

(Boonton, NJ, November 3, 2015) — As he maps a growth plan for his brokerage, Daryl Owen has begun offering ownership stakes to some of his top-producing agents.

So far, 10 agents at Nationwide Real Estate have decided to invest in the company as it opens new offices in southern California. Owen says the agents must buy into the office; in exchange, they get a chunk of the profits.

Part of his pitch is that Nationwide Real Estate of Buena Park, CA, has grown to 500 agents in just five years. The company reported revenue of $5.6 million in 2014, a 1,500 percent growth rate that placed it No. 300 on the Inc. Magazine list of fast-growing companies.

Another key to Nationwide’s growth has been the recruiting incentive it offers agents. If a Nationwide agent recruits someone from outside the company, the referring agent receives 10 percent of the company dollar generated by the agent he recruited.

Details on Owen’s business model appear in the November issue of Real Estate Broker’s Insider.


About Real Estate Broker’s Insider

Real Estate Broker's Insider provides residential real estate agency broker/owners with actionable news and information on managing their businesses for greater profitability.

Website: http://www.BrokersInsider.com


Home | Contact Us

© 2018 Alexander Communications Group, Inc. All Rights Reserved.
Real Estate Broker’s Insider
36 Midvale Road, Suite 2E, Mountain Lakes, NJ 07046
Telephone: (973) 265-2300, Fax: (973) 402-6056
Website: www.brokersinsider.com
Email: info@brokersinsider.com
Terms of UsePrivacy Policy