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SUBSCRIBE FOR MORE In this episode of Unscripted with Jake, I sit down with George Barrett for a deep dive into what it actually takes to start a real estate brokerage. Real estate is still how I provide for my family — but if you’ve ever thought about opening your own brokerage, this conversation might completely change your perspective. George doesn’t sugarcoat it. We break down: Why most successful agents should NOT start a brokerage The real cost (financial and mental) of becoming a broker Why you’ll likely lose money for 2+ years The legal and structural requirements for starting a brokerage in 2026 Escrow accounts, E&O insurance, LLC setup, and compliance The difference between being a top agent and being a true business owner Why “you eat last” is the only way to lead My Launchpad Team model — and why I plan to push agents out after 2 years If you're a new agent, thinking about becoming a broker, or building a team, this is required listening. George lays out the realities most people don’t talk about — especially the difference between selling homes and running a company. ⏱️ Timestamps 00:00 – Intro: Why Real Estate Still Pays My Bills 02:10 – Why George Became an Agent (Not for Sales) 05:45 – The Truth About Starting a Brokerage 09:30 – Legal Requirements in 2026 (Broker License, LLC, Escrow) 15:20 – Why Super Successful Agents Should NOT Open Brokerages 20:10 – You Will Lose Money for 2+ Years 24:30 – The Business Owner Mindset (Spreadsheets & People Management) 29:45 – My “Launchpad Team” Model Explained 34:10 – Why Agents Should Have an Exit Date 38:20 – “You Eat Last” Leadership Philosophy 42:00 – The 40 Open House Rule (Non-Negotiable) 46:30 – Zillow, Homes.com & The Long Game Strategy 50:40 – Why Most New Agents Fail in the First 60 Days 54:10 – Why George Doesn’t Believe in Traditional Goal Setting If you're serious about building something long-term in real estate, this episode will sharpen your thinking immediately. 👤 Guest Information George Barrett Real estate broker & entrepreneur focused on brokerage structure, systems, and long-term scalability.