RJ Wagner & Associates Realty, Inc., a Texas S corporation, is based in Texas. This corporation is capitalized by one single stockholder and one principal investor, Regina Wagner. Regina Wagner is both a licensed broker as well as the sponsoring broker of this firm. This licensed broker will sponsor independent contractors licensed real estate agents in Texas. This corporation will formalize the real estate services offered.
RJ Wagner & Associates Realty, Inc., will open its doors for operation in July. The office is located at the Greenwood Square Shopping Center in Houston, Texas, in the Champions area. It will provide services for the Metropolitan Houston’s higher-income section.
With this broker, credibility and reputation are top priorities. The firm has a published realty book and realty organizational programs in Dallas Association of Realtors books and superstores. Over the past year, novice licensed agents have been enjoying the organization tools and guidance provided by Texas Real Estate/The Mobile Mentor.
1.1 Objectives
Our organization’s primary goals are:
- Make your company a success and you will be able to profit from other real estate investments opportunities as they arise.
- You can recruit and hire self-motivated, successful, and hardworking agents.
- At least 15 of the above-mentioned sales agents must be in your office.
- Develop a solid, corporate identity in our specified targeted market area.
- To establish good working relationships and begin working as a team, promoting communication and suggestions from all participants.
- Our third year in operation will make us one of top brokerage firms in the Champion Area.
- In just 12 months, you can see a positive ROI.
The professionalism of the sales team and the manager of this company will make it possible to achieve the above-mentioned goals. After obtaining a realty license, individuals must be familiar with real estate laws. This business has a high turnover rate because agents are not trained outside of the law and regulations. Once they have a license, only then, they may obtain the sales and marketing training that is needed upon entering the profession. This training can be expensive for agents. When starting out, most agents are not able to obtain this training at the high prices set forth, and without the proper training the average earnings of a beginning real estate agent is very low in comparison to industry standards.
The office environment we provide will be inviting, yet productive. There will be a location in the office each day with a daily marketing routine/schedule to follow. Agents have the option to be led through a plan for gaining clients each day. They can follow the provided training or choose to go their own way. We will offer guidance and stability, so that new agents can earn more than the average agent in real estate.
If an agent with our company sets a goal to obtain only one seller and one buyer for the month, on an average of $150,000 sale on each side, would earn the agent $6,750 per month X 12 months = $81,000 per year. Regina’s goal as a broker is to help each agent achieve this goal.
This would result in a profit of $2,250 per months X 12 month = $27,000 for the entire year X 15, agents = $405,000. This includes sales from active brokers. These commissions would amount to $9,000 each (100%) to this corporation. The corporation will pay the broker a salary.
1.2 Mission
This plan serves as a guide for setting up and managing a new business. It will also be used as a template for a detailed marketing plan. This summary summarizes the key points of the plan.
- RJ Wagner & Associates Realty, Inc. has three objectives: to make a profit, to grow at a challenging but manageable pace, and to adhere to the Texas Real Estate Commission’s ethical codes.
- RJ Wagner & Associates Realty, Inc.’s first mission is to recruit Texas real-estate agents.
Agents choosing this firm will get a higher commission that allows them to market more.
The company will continue to grow its market position by offering superior customer service to clients as well as to sales associates.
As shown in the highlights chart, this plan projects rapid growth as additional agents join. It also predicts high net profits for the next three years. RJ Wagner & Associates Realty, Inc. can be a very profitable venture if it implements this plan in conjunction with a thorough and detailed marketing plan.