Succession Strategies to Protect & Perpetuate Your Real Estate Business

Description

Learn the strategies and tools the nation’s top firms use to help realtors and brokerage owners save millions of dollars each year. From this lecture you will learn: -What exit strategy is right for you: transition your book of business to a junior agent or team member, transfer to family, complete sale of your brokerage, partial sale, or structured buyout? -Succession strategies that protect your brand, client relationships, and referral pipeline while maximizing your freedom and increasing your net worth. -Legal and business tools that allow you to transfer the majority of ownership or client portfolio while still maintaining control and income streams. -How your real estate business succession strategy and personal estate plan work together to protect your assets and legacy. -Steps to maximize the value of your real estate business, including building a transferable database, systems, and brand. -Systems to ensure the continued success of your clients, team, and transactions through the next generation of agents and managers. -How to properly structure your business to minimize taxes on sale or transfer. Without proper planning, capital gains, estate, and gift taxes can significantly reduce your proceeds. -Common mistakes and missteps realtors make when selling or creating a succession plan and how to avoid them.