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The majority of real estate firms are typically small businesses, with some only consisting of a single agent. Conversely, larger real estate firms can house hundreds of agents across various branches. In many cases, brokers will have franchise agreements with national or regional real estate organizations. This type of agreement allows brokers to leverage the name recognition of the parent organization in exchange for a fee.
While franchised brokers generally receive support for training their staff and overseeing their operations, they're ultimately responsible for the success or failure of their firms.
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