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Sign into your accountBroker's Corner: When to Grow Your Business Through Acquisition
December 28 2017
There are tons of milestones a broker will experience when trying to grow a real estate business. They'll hire their first employees, land their first big clients, and maybe even attract investors. One of the biggest — yet least discussed — landmark events a real estate exec may experience as they grow is making their first acquisition: either by acquiring another brokerage or by purchasing another real estate related company.
The start of any acquisition process is recognizing that an opportunity for acquisition exists. From there, it can be a long and complicated process, involving many moving parts (especially if there are many companies involved). However, one of the keys to succeeding at an acquisition is ensuring that it's done at the right time. Here are some keys to ensuring your brokerage is ready to acquire another company.