Home Real Estate Salt Lake Metropolis staff chief Dustin Brohm makes the transfer to Actual

Salt Lake Metropolis staff chief Dustin Brohm makes the transfer to Actual

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Salt Lake Metropolis staff chief Dustin Brohm makes the transfer to Actual

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The fast-growing actual property agency The Actual Brokerage simply added to its agent depend. Salt Lake Metropolis-based agent and staff chief Dustin Brohm introduced Monday that he and his teamerage, the Large Agent Crew, are leaving eXp Realty to affix Actual.

Brohm and his staff have been with eXp since 2018. The Large Agent staff has roughly 340 brokers in 36 states and three international locations, and Brohm stated he expects roughly half of the staff members to make the transfer with him to Actual over the following few months.

“eXp is a superb firm, but it surely has gotten a bit bloated and there may be a lot crimson tape that issues have gotten tough for myself and a few of my brokers,” Brohm stated of his determination to go away the agency. “We simply not felt that it was the very best brokerage for what we’re constructing.”

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Dustin Brohm

In line with Brohm, the transfer to Actual was partially impressed by his mentor Clayton Gits, a former eXp staff chief who additionally selected to maneuver to Actual earlier this yr.

“For years I discounted Actual, however as soon as I took my eXp jersey off and checked out issues objectively, and requested what the very best place for our individuals and our brokers is, the reply was overwhelmingly Actual,” Brohm stated.

Brohm additionally famous a few of the reputational challenges eXp is at present dealing with with the three sexual assault lawsuits the agency has been named in.

“When The New York Occasions is writing about it, it’s not good,” Brohm stated. “A few of my brokers have instructed me that their shoppers wish to record their property with us, however they didn’t wish to put an eXp enroll of their entrance yard due to the repute.”

At Actual, Brohm is trying ahead to extra alternatives for himself and his brokers to develop their enterprise.

“Actual operates as one huge firm,” Brohm stated. “At eXp we function in silos, and it’s collaborative inside every silo, but it surely signifies that not all assets can be found to all brokers. That openness is simply unbelievable. Brokers develop into collaborators versus rivals.”

As of mid-February 2024, Actual had greater than 15,000 brokers nationwide, up from 8,200 brokers firstly of 2023. In 2023, the agency recorded income of $689.2 million, up 81% yearly, and a web lack of $27.5 million, which is barely bigger than the $20.6 million web loss it reported in 2022.

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