Young brokerages have explosive growth, but franchisers remain on top
Briefly

Judge Fite's brokerage, led by Conlon, emphasizes its independence and culture, resisting the lure of selling to national firms. This independence allows for local decision-making, benefiting agents and maintaining a successful track record. As part of Century 21, the brokerage gains access to extensive resources, essential for navigating recent changes in real estate regulations, notably from the NAR settlement. While competitors like Keller Williams and RE/MAX show limited growth, Judge Fite highlights the durability and relevance of established brands amidst evolving market dynamics.
Jim Fite’s commitment to maintaining the company’s culture, emphasizing local decision-making and agent success, sets Judge Fite apart from national brokerages.
Conlon articulated that by staying a franchise, Judge Fite retains its independent identity while leveraging a vast network of resources.
He underscored the challenges posed by new regulations, particularly those arising from the NAR settlement, which demands adaptation in how agents communicate offers.
Chris Kelly noted that established brokerage brands bring value that new models struggle to offer, stressing the importance of relevance in a shifting market.
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