Residential Real Estate Broker Launches Hybrid Virtual Business Model

A hybrid company combines tradition with a virtual office approach.
Nov. 16, 2012 - PRLog -- Virtual brokerages have sprung up in many markets, but Florida broker Jeff Beggins sees an opportunity for a new type of virtual company, one that combines a creative approach with an old name.

Beggins, head of 250-agent Century 21 Beggins Enterprises in Apollo Beach, FL, calls his approach "global brand, virtual platform."

Beggins operates five brick-and-mortar offices in the Tampa area, but tells Real Estate Broker's Insider that he's expanding to other parts of Florida with a high-split offering modeled in part on the growing popularity of virtual companies.

For each transaction, agents pay a transaction fee of $295, plus an 8 percent franchise fee. Beyond that, the only expense is a $149-a-month desk fee.

Details on Beggins' approach and what's next for Century 21 Beggins Enterprises appears in the November issue of Real Estate Broker's Insider.

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