Brokerage hierarchy

Titles for agents mean not much, with a couple of exceptions.

Most brokers you meet are properly called agents. Some agents have associate broker licenses but they work for a Broker of Record, or Supervising Broker, or just Broker, and they have no more authority, power, or respect than a salesperson licensee. What associate brokers have is perhaps more experience and perhaps more classroom training, but many salespersons choose not to pay extra for an associate broker license.

Under NY law, an agent who is simply an agent of the Broker, one who is not actually an executive with the corporation, cannot advertise a corporate title, such as vice president or SVP.

But this is violated all the time by a lot of firms. Firms that are more conscientious instead use terms that are not corporate titles. One such title is director.

Don't worry about the titles. Better to focus instead on the self-written description - very helpful.

Slightly off topic, I was told that agents who get corporate titles such as VP or SVP when they hit a certain amount in cumulative commissions over their career, eg: once someone earned a lifetime cumulative commissions of $500K, he or she gets the title VP, and SVP if it breaks $1M.

There are tons of salespeople who are VP or SVP at corcoran or some of the larger firms. Almost every other sales person has the VP or SVP title.

I think that's true, superwoman, and on topic, but granting the title to a mere agent is a minor violation of licensing law. Unless of course the agent is made partner. I don't think this happens too often.

Because it misrepresents the role of the agent, suggesting that they are partners in the business, equity owners, major firm decision makers, when in reality they are simply independent contractors, not much different than any other kind of freelance employee.

I know one firm that just lets agents choose whatever title they prefer, so all titles there are meaningless.

"Slightly off topic, I was told that agents who get corporate titles such as VP or SVP when they hit a certain amount in cumulative commissions over their career, eg: once someone earned a lifetime cumulative commissions of $500K, he or she gets the title VP, and SVP if it breaks $1M. There are tons of salespeople who are VP or SVP at corcoran or some of the larger firms. Almost every other sales person has the VP or SVP title."

Which is what really makes the titles so meaningless and ridiculous.

In NYC, it's not hard to break million dollar mileposts.

And in every other corporate organization, "vice president" usually really means something; those people usually have entire departments (or divisions) of people working under them, and they're handling budgets, creating policy, and helping guide the organization.

It's almost as silly as McDonald's calling everyone, right down to the dishwasher, an "assistant manager".

>It's almost as silly as McDonald's calling everyone, right down to the dishwasher, an "assistant manager".

I don't think there is anything wrong with large corporations trying to give their employees a little pride in their workplace.
Being called associate instead of stock boy at Walmart actually goes a long way.
Who does it hurt?

VP is beaten to death.Everything has a cycle.
Remember, retarded went to handicapped, went to special. I believe exceptional is next.

When did we stop saying "retarded"?

And I don't have a problem with employers instilling a sense of pride in their employees. But not to the extent that it becomes a misrepresentation to those of us outside the organization.

brokers... sense of pride...

Haha, this is a funny thread, thanks for that.

>When did we stop saying "retarded"?

I didn't.
Have you met Jason10006?