Item: Brokermint
Rating: 10
Author: Arcoma L. Lambert

Overall Satisfaction with Brokermint

Use Cases and Deployment Scope

Brokermint is used to do transaction management mostly, but we prepare reports from it also. We probably used 10 percent of its capacity over time. We always planned to do more, but with real estate being what it is, all of the 'rainmakers' and producers are usually not detail-oriented people or number crunchers.
We didn't use the commission part because we do not hold escrow, so the title company always does the commission from a Commission Authorization.

Pros and Cons

Pros

Transaction Management
Accounting
Reports

Cons

Checklists
Pulling in transaction templates
Make accounting functions easier to use

Return on Investment

Brokermint was super easy to learn or teach to a new agent
Brokermint is inexpensive compared to other softwares, so it can handle a lot of information
It was great to use the report functions, to see how we were growing

Alternatives Considered

SkySlope

Brokermint is best for smaller brokerages which are growing their full-time staff. It is simple, easy to use, less frustrating than most, and will please agents because the interface is logical and well thought out.
SkySlope is more for very large brokerages, which need algorithmic multi-phasic functions. Great for large teams, with multiple types of agents, support staff, and administrators.

Support Rating

Brokermint is awesome. I would recommend it to any broker who is below 200 agents, who has a need for a transaction management and commission management software. The staff does not have to be large to have a great ROI and be able to teach and require agents to do what they are required to be compliant with FREC and government agencies.

Key Insights

Do you think Brokermint delivers good value for the price?

Yes

Are you happy with Brokermint's feature set?

Yes

Did Brokermint live up to sales and marketing promises?

Yes

Did implementation of Brokermint go as expected?

Yes

Would you buy Brokermint again?

Yes

Other Software Used

SkySlope, Dotloop, Okta Identity Cloud

Likelihood to Recommend

Brokermint is suited for a small brokerage or a franchise, maybe 200 agents or less because it has great functionality and simple agent screens, i.e. dashboard. Especially simple teams or solo agents will benefit from it, because they are able to navigate smoothly and you can pick up the functions very quickly, without much tech knowledge.
Over 200 agents, it would need to be more robust and integrate transaction management, accounting, commission tracking, agent team tracking, percentage of cap, etc. The more detailed software, the less likely agents are going to use it correctly, i.e. more employee support and troubleshooting. Agents are not very patient and they don't like to have any obstacles when they learn how to do anything. Brokers have to consider the caliber of agents they attract.

Comments

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Brokermint, the Friendly Brokerage Management System