The business plan is a place to prove the credentials you or your chosen managers bring to the table. In addition to these direct services, real estate brokers may also recommend various other professionals like lawyers, insurance agents, appraisers, and mortgage companies that may be of help in the process of buying or selling a home. The first kind that you may think of is the travel agent business.
If you made $100,000 in net income as a self-employed Realtor you pay $15,300 in self-employment tax. For either choice many agents work part time first to get licensing, training, experience, and begin building a client base. In the process employed, self-employed, unemployed and housewives are get recruited as an Insurance Agents.
General liability insurance protects your company against bodily injury and property damages suits from third parties for negligence. To high flying agents, the biggest contributor to success will be the amount of time they spend communicating with customers face to face.
Insurance companies are also promoting this practice to increase their sales quantum. People don’t care that you started a “business” and all the stories you read about a 12-year-old CEO who’s onto his fifth company are only there because the publication wanted some fresh hype to keep its readers coming back.
Home based travel businesses that fall into the referral agency category do just that: they refer people to a travel agency. Much of your marketing will be establishing contacts in person with the real estate office managers in your area. It could also impact the company’s reputation as also customers, suppliers, external auditor, senior management, tax authorities could become stakeholders when it goes wrong.