Our office has an Office Fund to which every agent is expected to contribute a small amount of dues. The dues pay for coffee, tea and paper supplies for clients, the office microwave and small refrigerator and their maintenance, balloons and helium for open houses and events, folding machine for flyers, binder for CMAs, color ink cartridges for the color copier, bulk mail permit, special advertising, special local events and expos, seasonal drawings, Chamber of Commerce membership, greeting cards and flowers for sympathy and special occasions and other miscellaneous items the broker will not pay for.
The Office Fund helps new agents that do not have the equipment or resources to get started as well as benefits seasoned agents with broker name recognition and marketing.
Is this a common thing? Do agents in other brokerages have an office fund such as this?