Host agencies are actively competing to add agents and the industry is seeing a variety of incentives being offered to persuade agents to sign up.
Home based agents: know your power! You should be very wary of special offers. The key is to carefully examine a host agency’s full program and ensure that you are getting the best value and the most comprehensive program.
Recently we have seen host agencies waiving their annual fees or offering free membership. This kind of offer may look appealing at the outset but it is so important to always examine every detail before you sign.
If an agency is not charging you a fee then they are making their money in other ways – one way or another you will be contributing to that host agency’s bottom line.
And if the host agency is willing to negotiate with you, how do you know if you are getting the best deal or if other agents got a better one? You are better off dealing with a host agency that shows you all its cards and treats everyone as equal business owners!
Here are some things to look out for when you are thinking of signing with a host agency or switching host agencies:
Finally, always make sure you understand the out clause. How long do you have to sign for and how do you leave, if you want to?