BILL CHERRY, Broker & Wealth Coach (Bill Cherry, Realtor)

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Rainmaker
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Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

As long as they have sufficient Managing Brokers there should be no problem.

Nov 27, 2015 12:14 AM
Rainmaker
5,763,833
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Bill,

I would hope that these brokers have a very good E &O insurance in place.  I have no idea how they do it.  With every closing, we would check the paperwork to make sure everything is in place.  Ultimately we as brokers were responsible. A

Nov 26, 2015 02:52 AM
Ambassador
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Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

It is impossible for one broker to properly supervise 500 agents. But then again I have seen a broker with 10 agents that wasn't watching either. Perhaps if systems were in place and assistant managers to keep a close check, then maybe an adequate job could be done.

Nov 26, 2015 02:48 AM
Ambassador
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John McCormack, CRS
Albuquerque Homes Realty - Albuquerque, NM
Honesty, Integrity, Results, Experienced. HIRE Me!

Personally having just five others under me was quiet stressful.  

Nov 26, 2015 08:58 PM
Rainmaker
4,209,301
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

It depends.  We have a broker-of-record but also branch managers.    The systems that are in place will certainly make a difference.  

Nov 26, 2015 03:24 AM
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Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

It depends on the broker and the systems they have in place.

Nov 26, 2015 02:55 AM
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Karen Fiddler, Broker/Owner
Karen Parsons-Fiddler, Broker 949-510-2395 - Mission Viejo, CA
Orange County & Lake Arrowhead, CA (949)510-2395

I don't know. I think it matters that there are procedures in place to make sure all goes as it should. 

Nov 26, 2015 02:30 AM
Rainmaker
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Raymond E. Camp
Ontario, NY
Licensed Real Estate Salesperson Greater Rochester

As long as there are no violations any amount.

Nov 26, 2015 02:18 AM
Rainmaker
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Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

500 agents under one broker is insane, unless organized to make sure there are people beneath the broker who can supervise smaller groups.

Nov 26, 2015 11:45 PM
Rainmaker
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Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Good morning Bill. That would be a bit strange to me, if any associate never had an opportunity to meet the boss, but it happens a lot in corporate America.

Nov 26, 2015 06:32 PM
Rainmaker
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Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • GRI • HAFA • PSC Calabasas CA

A broker is responsible for every single agent he has under him/her, too many or too little. 

Nov 26, 2015 04:00 PM
Rainmaker
530,685
Gary Coles (International Referrals)
Venture Realty International - Las Vegas, NV
Latin America Real Estate

I have met brokers who have one agent and it is one too many for them.  I have met others with thousands of agents and they could easily be responsible for thousands more because they have good systems, good managers and good training.

Nov 26, 2015 12:27 PM
Rainmaker
1,683,406
Larry Johnston
Broker, Friends & Neighbors Real Estate and Elkhart County Subdivisions, LLC - Elkhart, IN
Broker,Friends & Neighbors Real Estate, Elkhart,IN

I think the agents need to have access to their Managing Broker.  there's nothing worse than working for a big company, but feeling like your stuck in a rowboat out  in the ocean all by yourself with no compass and nobody to talk to.

Nov 26, 2015 12:02 PM
Rainer
150,216
Michael Thacker - Re/Max Real Estate Center - Louisville
Re/Max Real Estate Center - The Thacker Group - Louisville, KY
Your best friend who just happens to be a Realtor

My office has about 90+ agents, and our competitors are much larger, some well over 500+ agents. All the brands are doing it, but technically only one managing broker, but perhaps systems, and teams cover the balance.

Nov 26, 2015 10:45 AM
Rainmaker
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Evelyn Johnston
Friends & Neighbors Real Estate - Elkhart, IN
The People You Know, Like and Trust!

That is pretty sad, to work for someone and you don't even know where their office is...

Nov 26, 2015 10:14 AM
Rainmaker
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William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Yes, I was in an where the Broker asked who the agnet was and had no idea he worked under him

Nov 26, 2015 08:22 AM
Rainmaker
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Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Our company has over 400 agents in multiple offices. Management skills and and an adequate staff are needed.

Nov 26, 2015 06:10 AM
Rainmaker
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Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

Absolutely. If a broker has too manya gents and many are newer to the business they have to make assisting brokers because many will need personal attention, not just office meetings.

Nov 26, 2015 03:38 AM
Rainmaker
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Donna Foerster
HomeSmart Realty Group - Parker, CO
Metro Denver Real Estate Assistant

I believe the answer is yes. If you are unable to respond in a reasonable amount of time to your agent's call, email or text, then you have too many!

Sep 03, 2016 03:25 AM
Rainmaker
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Katina Hargrove 352-551-0308
Stake Your Land Realty, Inc. - Eustis, FL
Broker/Owner, GRI,SFR, REALTOR®

Good morning Bill,

I keep my life simple, I have no agents:)

Nov 29, 2015 09:52 PM
Rainmaker
1,658,605
Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West - Carlsbad, CA
Presence, Persistence & Perseverance

W am with Ron and Alexandra Seigel on this one. Things can spiral out of control very quickly!

Nov 27, 2015 10:20 PM
Rainmaker
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Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

If you don't know your agents, you are sponsoring too many!

Nov 27, 2015 08:54 PM
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Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

BILL CHERRY I think it's up to the broker. I'd say, one can grow infinitely as long as you have systems in place - to take care of EVERYTHING.

Nov 27, 2015 02:41 PM
Rainmaker
4,215,212
Richard Weeks
Dallas, TX
REALTOR®, Broker

At times 1 is too many.

Nov 27, 2015 12:16 AM
Rainmaker
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Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

Who knows?

I, for one, have no idea what 'proper supervision' looks like.

What I do know is the only guiding principle of the overwhelming number of brokers is "Pay the fee and you are OK with me."

The true answer to your question lies in the area response by real estate professionals when they see the agent on the other side is with the 'old bone yard' brokerage with over  3,000 agents and one broker. We know WE have to oversee both sides. 

Creating a two tiered agent designation based on annual transactions and limiting the number of interns (those with low transaction count) a broker can shelter would be a step in the right direction.

Nov 26, 2015 11:01 PM
Rainmaker
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Amanda Christiansen
Christiansen Group Realty (260)704-0843 - Fort Wayne, IN
Christiansen Group Realty

Our office is the #1 Century 21 in the country.  We have 150 + agents.  Our broker has a system set up where if any of us need anything, we get it.  

Nov 26, 2015 09:37 PM
Rainmaker
2,759,637
TeamCHI - Complete Home Inspections, Inc.
Complete Home Inspections, Inc. - Brentwood, TN
Home Inspectons - Nashville, TN area - 615.661.029

 Good Friday morning Bill. There is a company here that has over 700 agents. As long as the systems are in place, it all boils down to managing and delegation.

Nov 26, 2015 05:16 PM
Rainer
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James Warren
PartnerGo - Port Jervis, NY
PartnerGo, Int'l real estate referral network

Depends on each individual. Although, I believe there is a certain limit to how many people a single can work with at the same time. It is necessary to hire managers at some point. It becomes the responsibility of the broker to supervise and follow closely anyone who works under him/her. 

Nov 26, 2015 05:08 PM
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Patricia Kennedy
RLAH Real Estate - Washington, DC
Home in the Capital

Isn't this where branch managers dome in?

Nov 26, 2015 03:03 PM
Rainmaker
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FN LN
Toronto, ON

I think I know who you are writing about in your second sentence.  That agent does know where the office is but has never visited it.  The broker can still see the quality of the work (e.g. agreements), responsiveness of the agent and talk to the appropriate administrative personnel and rest of the management team.  Some brokerages have a management structure and I know of local brokerages that have 1,000 or 3,000 agents along with a number of managers.

Nov 26, 2015 11:03 AM
Rainmaker
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Sybil Campbell
Fernandina Beach, FL
Referral Agent Amelia Island Florida

I think it depends on the broker and how involved and organized he or she is.

Nov 26, 2015 10:42 AM
Rainmaker
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Debbie Laity
Cedaredge Land Company - Cedaredge, CO
Your Real Estate Resource for Delta County, CO

When a broker has as many agents as you mentioned, there is no way they can successfully monitor their actions. In my state an employing/managing broker is taking on a lot of liability by having so many agents. 

Nov 26, 2015 10:03 AM
Rainmaker
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Barbara Todaro
RE/MAX Executive Realty - Retired - Franklin, MA
Previously Affiliated with The Todaro Team

Bigger is not necessarily better!!!!

Nov 26, 2015 08:36 AM
Rainmaker
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Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

You dont have to look far even in NH to find companies with untrained agents, it is sad.

Nov 26, 2015 08:35 AM
Rainmaker
634,332
Kathleen Luiten
Resort and Second-Home Specialist - Princeville, HI
Kauai Luxury Ocean Home Sales

Yes if we qualify it as "too many agents that need oversight". Some long-time agents still need oversight, some never do.

Nov 26, 2015 06:22 AM
Rainmaker
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Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

I do not believe there is a limit at least in CA.

Some broker started hiring managers for each office.

I have seen 750 agents.....

Nov 26, 2015 06:13 AM
Rainmaker
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Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

The buck stops with the Broker. That agent, when testfying at a dispute that she never met her Broker? This is DOOM.

Nov 26, 2015 04:18 AM
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Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

Day-cares require an adult for so many kids, I can see a limit to how many agents one managing broker can handle. We have several storefronts with 120 agent licenses hanging on the wall...

Nov 26, 2015 04:08 AM