When times are fat,'' says Kirby Smith, Metro Brokers 2009 president elect, ''anybody can make it. But we are back to the basics, back to being fundamental business people and Metro Brokers makes as much sense today as it did 33 years ago.
Denver, CO (Vocus) January 30, 2009
Some 33 years ago, Jimmy Carter was president of the United States. Interest rates were as high as 20%, inflation as high as 16% and unemployment hovered around 10% with the DOW at 800. Add to that the energy crisis, the Iran Hostage ordeal and the cold war, which had reached epic heights with Russia. The more things change, the more things stay the same. The good news was the first "Star Wars" movie was released. Disco and "Saturday Night Live" was a hit. At that same time in Colorado, six innovative commercial real estate brokers started up a new kind of real estate company. They were simply tired of surrendering all their hard-earned commissions to large, management-run real estate organizations. They wanted to be independent, yet unified under a single brand, sharing marketing and business expenses. Metro Brokers was born.
Like coal turning to diamonds, during times of great pressure, beautiful products are the end result. Metro Brokers was started during what many may recall as some of the worst times ever in American history. One of the remaining six founding members, Larry Carr, describes what it was like back then. ''The Denver market was just terrible,'' says Carr. Yet, 33 years later Metro Brokers membership is close to 1700 brokers and associates strong, a long way from its humble beginning of six commercial real estate brokers. And once again, Metro Brokers is growing.
Even given the enormity of issues facing the real estate industry, Metro Brokers finds itself on a growth pattern. The year 2008 found Metro Brokers approving and opening 12 new locations throughout the state of Colorado. "2008 was one of the fastest office growth patterns in recent years," says Barb Figal, Membership Coordinator for Metro Brokers. These locations included Boulder County, Breckenridge, Brighton Professionals, Denver Core, Dillon, Fort Collins, Littleton Town Centre, Longmont, Longmont Downtown, Loveland, Stapleton Plaza, and Sterling. There is no question that at Metro Brokers, history is repeating itself and the growth spurt continues with approved applications for January of 2009 in Conifer, Brighton, Westminster, Boulder and Colorado Springs.
"Metro Brokers continues to be an unsung Real Estate success story in the state of Colorado," says Maria Cook, Executive Director for Metro Brokers. "Our combined brokerages have held the number two market share position in Denver against larger franchises with far more brokers in their organizations." As it was then and is now, it is one of the largest 100% broker-owned organizations in the entire country. Although classified as a franchise, Metro Brokers has really operated as a marketing and trademark association for its brokers. Instead of a percentage-based franchise fee off the top of all commissions, each Metro Broker pays only a flat monthly fee of $80.00. These fees pay for television and internet marketing as well as a myriad of technology tools. But don't take my word for it - I personally invite you to visit MetroBrokersOnline.com, MetroBrokersTV.com, MetroBrokersMobile.com and JoinMetroBrokers.com.
"When times are fat,'' says Kirby Smith, Metro Brokers 2009 president elect, ''anybody can make it. But we are back to the basics, back to being fundamental business people and Metro Brokers makes as much sense today as it did 33 years ago."
About Metro Brokers Real Estate
Metro Brokers Real Estate, Inc. is an association of independent real estate brokers who specialize in Colorado residential, commercial and investment properties. Metro Brokers' 90 office location network of 1,700 highly caring, experienced real estate professionals have been helping buyers and sellers make the most of their real estate transactions since 1976. Unlike most other real estate companies, Metro Brokers, Inc. is wholly owned and controlled by its brokers. For more information please visit http://www.MetroBrokersTV.com .