Most brokers think recruiting more agents is the path to profitability — it's not. In this episode, Wayne Einhorn sits down with Larry Schottenstein, President of RE/MAX Realty and Inner Circle Broker Coach, who built his brokerage from 6 agents to nearly 150 by focusing on margin, not just headcount. Larry shares the real profit margin brokers should be aiming for, why "5% is good" is a myth the industry sells you, and how he bounced back from near-bankruptcy in 2008 to build a business designed around freedom, not survival.

Inside This Episode:

· Why the profit margin your franchise rep tells you is "good" might actually be putting you at risk.

· What recruiting really takes and why real estate experience doesn't prepare you for it.

· How Larry went from almost losing everything to building a business that gives him his life back.

Key Takeaway:

Brokers who win are relentless about hitting a real profit margin and treat every expense as an investment that must drive revenue. More agents won't save a broken business model. Without the right margins, growth just multiplies your losses. Build your business with clear systems, so it runs (and profits) without you having to touch every deal.

Next Steps:

Get clear on whether your brokerage is built to give you income, lifestyle, and sellable equity. Run your numbers and create a focused action plan:

→ https://innercirclebrokercoaching.com/recruiting-calculator

Book a 30-minute complimentary call with us to build a custom strategy for your brokerage:

→ https://bit.ly/3XIB7fV

Connect & Learn More:

Learn more about how Wayne helps brokers recruit, retain, and grow profitable, sellable brokerages:

→ https://innercirclebrokercoaching.com

CONNECT WITH WAYNE ON SOCIAL MEDIA:

→ LinkedIn: https://www.linkedin.com/in/wayne-einhorn-8236428/

→ Facebook: https://www.facebook.com/innercirclebrokercoaching

→ Instagram: https://www.instagram.com/wayne_einhorn/