Berkshire Hathaway Real Estate Brokerage Network
Berkshire Hathaway real estate brokerage network has offices throughout the United States and serves home buyers and sellers in a variety of markets. These offices specialize in high-end residential markets, middle market communities, and commercial real estate. The company does not offer services overseas; however, it does have offices in 47 of the 50 states.
Brokerage
The Berkshire Hathaway real estate brokerage is one of the largest in the world. In 2017 alone, it sold over $125.4 billion in real estate. The company is comprised of several different companies, including HomeServices of America. In addition, it owns Corcoran Group, Sotheby’s International Realty, Coldwell Banker, and NRT. The company bought HomeServices of America in 2000 and has been on an acquisition binge in the last two years.
Agents at Berkshire Hathaway are paid by commission, not base salaries. Their commissions are higher for selling luxury homes, but they can negotiate on prices with any buyer. While Berkshire Hathaway does not exclusively handle luxury properties, high-end properties make up the majority of their business. It is possible to negotiate with any agent, but some agents are more willing to work with a buyer than others.
Agents
You can work with a real estate agent from Berkshire Hathaway if you’re looking to buy or sell a home. They specialize in different types of property, from luxury homes to new homes. There are also other types of property that you might be interested in, such as income property, commercial properties, and land. In addition, you can also take advantage of their facilitated services and one-stop-shopping for clients.
The Berkshire Hathaway real estate agents have a good reputation for providing high-quality service to their clients. Many agents specialize in a certain type of property. Make sure you choose a Realtor who has a solid reputation and who can work well with your needs and personality. Make sure to interview several agents before settling on one.
Commission structure
The commission structure for Berkshire Hathaway realty agents is fairly standard. The company typically starts agents at a 60/40 split. The agents also agree to pay various fees, including brokerage fees for technology, marketing, and office space. Most agents are 1099 contractors who live off their commissions.
Berkshire Hathaway real estate agents make a commission based on the amount of money that they make from selling real estate. However, this commission structure can vary from person to person. Some agents keep 60% of the commission while others pass 40% to their broker. The commission split can change as an agent gains experience.
Offices across U.S.
The Berkshire Hathaway name is a familiar one on Wall Street, but it is also fast becoming a familiar presence on Main Street. Last year, the company ranked second among residential real estate brokerages in the country, and its presence is evident on neighborhood yard signs from New York to Los Angeles. The company owns 1,330 offices and has more than 45,000 agents.
The company’s corporate headquarters are located in Omaha, Nebraska. However, it also maintains management teams in New York City, Washington, D.C., and other locations across the country. The company’s offices are conveniently located in areas that are friendly to business and are home to many prestigious corporations.
Growth
Several recent moves by Berkshire Hathaway have bolstered its real estate business. It has hired two industry leaders, including former Douglas Elliman CEO Steven James, to lead its New York properties division. The company has expanded its network to include nearly 1,800 agents in New York City, Connecticut, and Westchester County.
HomeServices has 570 offices in 28 states and nearly 29,500 employees. Founded in Minneapolis in 1998, HomeServices has gradually expanded to the Westchester market in recent years. Berkshire, which has been run by Warren Buffett since 1965, has nine other businesses. Among them are insurance companies, chemical companies, food and apparel companies, and a railroad.
