The Association of Real Estate License Law Officials (ARELLO) estimates that there are 2 million active real estate licensees in the United States. However, only 22% hold broker licenses.
Meet Cameron Ward and Mike Goodpasture, two Manhattan entrepreneurs who have created a new real estate model and brokerage named, the Alms Group.
You may be thinking.. new real estate model?
The Alms Group will give away 100% of its brokerage profits.
Creating a new model
Mike Goodpasture graduated from K-State in 2000 and went to work for Accenture, a technology and strategy consulting firm. After starting a family and moving to Manhattan in 2013, Goodpasture earned a masters degree in Prediction Analytics from Northwestern University.
Mike said "while I was getting my masters degree, I started thinking about how I could apply my degree to my experience in strategic and analytic planning, from an entrepreneurial perspective."
Goodpasture said that he began to do research and strategy formulation around a new kind of model for a brokerage.
"The philanthropy component is something that is important to me. I knew that I wanted to create a business with philanthropy and charitable intent as a key part of the business model. To me, that was just as important as the business itself."
Mike became aware of Cameron through a giving back initiative Ward was doing through social media for local police officers called, Coffee For Cops in June of 2016.
Goodpasture thought Coffee For Cops was an interesting idea and concept, so he reached out to Ward to discuss ideas about how brokerages work, new models that could be implemented, how a philanthropy idea might be integrated, and just how far it could be taken.
After the two discussed these topics over time, the Alms Group was born.
The Alms Group will give away 100% of the brokerage profits, after paying agents and operating costs.
Ward said "the majority of the alms will be designated with the help of our clients to local educational initiatives. It can be wherever their preference is, something they are passionate about, or that their family is involved in."
Cameron Ward has been a background in real estate and brings 7 years of experience in the Manhattan market, to the Alms Group.
"I really enjoy the work, the day to day lifestyle, and I don't know that anything was missing in my career. But, when Mike and I started talking about this philanthropic idea being such a central core value to a company, I knew it was something that I wanted to be a part of," Cameron said.
Ward also said that he wanted to take something that was going well and make it better. "The Alms Group was the best formula for that. We are combining our skills, our expertise and our shared passion for philanthropy."
Alms represents a piece of everything that you earn, being given back.
"It's based on the thought that a little bit of everything we do doesn't belong to us, but belongs to the community that supports our business. We wanted it to be in the name, to be very clear of what we're about and why we do it," said Ward.
In early 2018, the Alms Group plans to debut The Alms Grant, a grant writing application process for local non profits and entrepreneurs who have a philanthropic element to their business.
The grant funds given will support a specific project or initiative going on in the Manhattan community.
Ward said, "another important element to the business will also be taking care of our agents as best we can. We are centering a brokerage model around what helps agents to succeed to sell home better. In return, that is what puts more money into the alms."
"We're excited to have like minded agents who care about philanthropic mission be a part of our team and we are really excited to take care of them well and make sure that they have the resources to take care of their clients in the community well. We both believe it will have a profound affect on how business is done within the real estate market and for me it was about to be being na part of something that will have a lasting impact on the community."