{"id":3689,"date":"2008-08-04T12:00:15","date_gmt":"2008-08-04T19:00:15","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=3689"},"modified":"2008-08-04T11:20:36","modified_gmt":"2008-08-04T18:20:36","slug":"the-new-real-estate-model-part-3-patrick-dunne-purcell-a-real-estate-firm","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/3689\/the-new-real-estate-model-part-3-patrick-dunne-purcell-a-real-estate-firm\/","title":{"rendered":"The New Real Estate Model – Part 3.2: Patrick, Dunne & Purcell, A Real Estate Firm"},"content":{"rendered":"

A Real Estate Firm based on the legal model could have many looks, as do actual law firms.\u00a0 But for a starting point I am going to lay out an achievable structure that will accommodate the greatest majority of agents.\u00a0 The firm would consist of three distinct levels as well as an administrative staff.<\/p>\n

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  1. In the top level are the named agents: let’s say Ms. Patrick, Mr. Dunne and Mr. Purcell. These are the founders of the firm and generally speaking they are all three tremendous rain makers. They have a large and active client base from which they receive a tremendous amount of referral business.\u00a0 It is also quite likely that one or more of them has a strong presence in a niche area.\u00a0 They are not only the face of the firm, but it is their style and personality that colors the firm’s corporate vision.<\/li>\n
  2. Under the named agents are the partner agents.\u00a0 It is within this level that we see so much of the communal benefit that Mike Farmer has written about<\/a>.\u00a0 Similar to the named agents, partner agents bring in a lot of transactions.\u00a0 They also may have areas (geographic, industrial, network, etc.) of specialty.\u00a0 These agents have reached a level reminiscent of tenure<\/a>.\u00a0 They share ownership of the firm as well as decision making duties and have a say in its direction.<\/li>\n
  3. The associate level is where the greatest number of agents are found.\u00a0 From fresh beginners to agents with years of experience.\u00a0 The associate level is also the workhorse of the firm.\u00a0 Associate agents are not only working hard to take care of clients assigned by the partners, but are at the same time trying to impress the partners with business they generate themselves.\u00a0 The presumed goal of an associate agent is to be made partner.<\/li>\n
  4. Finally, there is an administrative staff which grows as the firm’s growth dictates.\u00a0 It could be as simple as one administrator or as complex as a multiple level staff covering everything from answering the phones to creating the marketing to processing the transactions and more.\u00a0 Staffing might be the one place where someone Read more<\/a><\/li>\n<\/ol>\n","protected":false},"excerpt":{"rendered":"

    A Real Estate Firm based on the legal model could have many looks, as do actual law firms.\u00a0 But for a starting point I am going to lay out an achievable structure that will accommodate the greatest majority of agents.\u00a0 The firm would consist of three distinct levels as well as an administrative staff. In […]<\/p>\n","protected":false},"author":36,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4,5,10],"tags":[],"class_list":{"0":"post-3689","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-disintermediation","7":"category-real-estate","8":"category-realty-reality","10":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":3617,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/3617\/the-new-real-estate-model-part-3\/","url_meta":{"origin":3689,"position":0},"title":"The New Real Estate Model – Part 3.1: The Solution","author":"Sean Purcell","date":"August 4, 2008","format":false,"excerpt":"This final post (Part 3) grew rather lengthy.\u00a0 Considering the fact this has already stretched into a three-part series, I chose to extend the series to five rather than attempt a conclusion of\u00a0 somnolent proportions.\u00a0 If brevity is the soul of wit, creating a new model for real estate is\u2026","rel":"","context":"In "Disintermediation"","block_context":{"text":"Disintermediation","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/disintermediation\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3556,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/3556\/the-new-real-estate-model-part-2-super-teams\/","url_meta":{"origin":3689,"position":1},"title":"The New Real Estate Model – Part 2: Super Teams","author":"Sean Purcell","date":"July 30, 2008","format":false,"excerpt":"In Part 1, I discussed the concept of Disbrokeration; some of its causes and effects. When I originally wrote about Disbrokeration I thought I had a pretty good idea what the next iteration of the industry would be: Super Teams.\u00a0 This type of development is not new and successful Super\u2026","rel":"","context":"In "Disintermediation"","block_context":{"text":"Disintermediation","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/disintermediation\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":12343,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/12343\/the-spartan-approach-to-real-estate-brokerage\/","url_meta":{"origin":3689,"position":2},"title":"The Spartan Approach to Real Estate Brokerage","author":"Jeff Brown","date":"June 22, 2010","format":false,"excerpt":"As I was admitting to Sean Purcell this morning, a few times a year I get the idea to duplicate the brokerage model Dad used so effectively in the 1960's to early 1970's. When this happens, I quickly grab a couch and nap 'till the idea dies a solitary, friendless\u2026","rel":"","context":"In "Flourishing"","block_context":{"text":"Flourishing","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/flourishing\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":15369,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/15369\/a-peek-inside-the-unchained-conference-part-5-of-5\/","url_meta":{"origin":3689,"position":3},"title":"A Peek Inside the Unchained Conference (Part 5 of 5)","author":"Sean Purcell","date":"November 18, 2011","format":false,"excerpt":"Eric Blackwell is an SEO expert, and he has helped countless real estate agents generate countless new clients through their online presence.","rel":"","context":"In "Enduring Interest"","block_context":{"text":"Enduring Interest","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/enduring-interest\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3553,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/3553\/a-decidedly-low-tech-philosophy-for-real-estate-success\/","url_meta":{"origin":3689,"position":4},"title":"A Decidedly Low-Tech Philosophy for Real Estate Success","author":"Sean Purcell","date":"July 29, 2008","format":false,"excerpt":"When it comes to Real Estate I am, I imagine, like many of you. I strive to stay ahead of the curve and learn everything I can.\u00a0 In its purest form, I agree with Greg Swann\u2019s philosophy: I want to be so much better than the competition that listings are\u2026","rel":"","context":"In "General"","block_context":{"text":"General","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/general\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":7726,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/7726\/if-for-the-real-estate-crowd\/","url_meta":{"origin":3689,"position":5},"title":"IF (…for the real estate crowd)","author":"Sean Purcell","date":"April 8, 2009","format":false,"excerpt":"A little Hump-Day fun.\u00a0 (Apologies to Rudyard Kipling.) If you can keep your deal when all about you Are losing theirs and talking of failure to you; If you can trust your client when all clients doubt you, And understand their doubting too; If you can wait and not be\u2026","rel":"","context":"In "Flourishing"","block_context":{"text":"Flourishing","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/flourishing\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/3689","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/users\/36"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/comments?post=3689"}],"version-history":[{"count":16,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/3689\/revisions"}],"predecessor-version":[{"id":3742,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/3689\/revisions\/3742"}],"wp:attachment":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/media?parent=3689"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/categories?post=3689"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/tags?post=3689"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}