Realtors: Should I become a realtor ? |
- Should I become a realtor ?
- Another agent using your photos
- The bathroom vent incident
- The eSports Realtor: Looking for Input & Advice!
- 3 weeks into the business
- Americans Are Paying $34 Billion Too Much for Houses in Flood Plains
- HELP
- Would you buy a house right now?
- When do you expect a lender to give you business?
- Crash Courses For Real Estate License
- Question for RE Agents?
- Brokerage Comparison spreadsheet
- Another "Does My Brokerage Suck?" Post
- Tell the new-to-you LO before you refer them to someone
- Old Leads
| Posted: 03 Mar 2020 08:02 AM PST I'm 19 years old and I live around Cincinnati Ohio. I have really been considering becoming a realtor because I like sales and real estate . I also am very interested in entrepreneurship. I currently make about 40k a year and I'm wondering if it would be a mistake to become a realtor ? I hear a lot of stories of people being super broke and failing, or not making any money for like a year. I don't have the luxury of other recent high school graduates of being financially supported by my family , so it's a scary thought to me to be completely broke . Do you think I should stay away? Or maybe do part time first ? Any response is appreciated ! [link] [comments] |
| Another agent using your photos Posted: 03 Mar 2020 07:58 AM PST I'm sure it's happened to most of us, you get that listing and take the time to take decent photos and maybe edit them yourself or pay a professional, then after months of work on that listing, the list period ends. Days later the owner signs with a different agent who uses some or all of your photos. Do you contact that agent using your photos from a previous listing or just let it slide? [link] [comments] |
| Posted: 03 Mar 2020 10:48 AM PST This just happened and I need to vent (pun intended). Was just in process of negotiating repairs with my buyers. Both sides agreed on several small repairs, but in the end it was a non functioning bathroom vent and fan that broke the camels back. My clients wanted it fixed. The sellers were dead set on not doing it. My clients threatened to walk. The sellers figured my clients were bluffing. They were not. I just finished processing the termination. Now my clients are out the $500 they payed for the inspection, and I'm over here just shaking my head. All for something that might have cost $100-200 to replace. What's the pettiest thing you have ever had a client walk over? [link] [comments] |
| The eSports Realtor: Looking for Input & Advice! Posted: 03 Mar 2020 11:25 AM PST Hello all! My name is Ryan, and I am a 23 year old real estate agent working in San Francisco, CA. I have been in the real estate industry for about four years (since I was 19) and I very much expect to stay in this industry for many years to come, as I feel fortunate that I have found something I truly love doing for work so early in my life. That being said, I am also an avid gamer. My first videogame console was the Gameboy Color, and soon after the Nintendo Gamecube. I built my first gaming PC back in 2010 when I was around 12 or 13, and still find video games, eSports, and the industry as a whole so exciting and interesting. I always tell those around me that if you can't find at least one part of your profession that you love doing, you're working in the wrong industry. I am fortunate to have found my love for investment real estate, but over the past few months I have begun to ponder whether or not I could tie my two passions together, video games and real estate, so that my line of work would be that much more enjoyable. At this point, my ideas are very bare-bones. I would love to become a realtor that specializes in representing the real estate interests of those in the gaming industry, whether that be individual content creators looking to buy their first home, eSports organizations looking to invest in real property, or professional players looking to move to California for videogame-industry related reasons. One of the hurdles that comes with being a content creator, streamer, or even an eSports competitor is that your income varies immensely in comparison to your typical American trying to qualify for a home. Their revenue streams are much different though, through ads, paid promotions, and sponsorships, it can be difficult to qualify for loans, but not impossible. I have worked with day-traders in the past and have secured relationships with lenders who specialize in working with clients that have abnormal financial situations. My questions to you, the community:
Overall I just want to hear your thoughts on my idea! Thanks for taking the time to read this, and I hope you all have a wonderful rest of your day! - Ryan /itsGoggles [link] [comments] |
| Posted: 02 Mar 2020 03:09 PM PST And I am absolutely loving it. The grind is real. I door knocked, did cold calling, attended open houses. Haven't closed any deals yet but I got 2 hot leads and 100 cold/warm leads. My number of leads are still increasing on daily basis, but now I am so disorganized. Don't even know how to keep all the leads together and nurture them. Personally been texting everyone and working on every single lead. I got everyone on CRM but trying to figure out how to create a system. Any tips from you guys? [link] [comments] |
| Americans Are Paying $34 Billion Too Much for Houses in Flood Plains Posted: 02 Mar 2020 04:28 PM PST |
| Posted: 02 Mar 2020 09:49 PM PST I am working my second deal and miscalculated my inspection window. We submitted our PICRA 3 days late. The other side pointed out this fact (to my horror!!) Any advice from some seasoned agents who have made this mistake as a newbie? There are some significant repairs that need to be taken care of. [link] [comments] |
| Would you buy a house right now? Posted: 02 Mar 2020 05:21 PM PST Asking for a friend. He's almost 30, first house, decent job and he's single in NW Montana. I told him I'd wait and see if the market might turn down. With the election coming up and the corona virus getting serious, why not wait? He has other friends telling him to go for it and not to be scared. Thanks for your input. [link] [comments] |
| When do you expect a lender to give you business? Posted: 02 Mar 2020 07:11 PM PST So I have been working with a lender for the last 6 months and I'm fresh in the game of real estate. I have been fortunate enough to have already had 4 buyers go with the lender that I have selected as my "lender on my team" and I was wondering what other agents feel about getting clients through them? [link] [comments] |
| Crash Courses For Real Estate License Posted: 02 Mar 2020 07:11 PM PST Currently taking the real estate course in Vancouver through UBC Sauder. They give you this insanely thick textbook along with 20 assignments that need to be completed before you can write the exam. There are options of taking classes at private institutions that condense the course material into 6 weeks or so. I'm aware the course is a little different than what it is in the US but I'm generally curious on how successful these fast track courses have been for agents that have taken them in the past. [link] [comments] |
| Posted: 02 Mar 2020 06:44 PM PST We are selling our home. We met with 2 Listing Agents. I like one and my husband likes the other. How do we decide which one to use? Please help, any advice would be appreciated, thanks!!! [link] [comments] |
| Brokerage Comparison spreadsheet Posted: 02 Mar 2020 06:37 PM PST Hi everyone, I'm working on a spreadsheet to help compare brokerages. I'll give it away to whoever wants it when I'm done with it. Before I go through put in all the formulas and graphs I'd like some feedback - either here or on the document directly. DM me for a link if you want to comment on the spreadsheet directly. Tried to link directly in this post but it was deleted. The idea is to include everything (or least as much as is reasonable) to consider when comparing brokerages. The articles and spreadsheets I have seen so far are too simplistic, IMO. They miss important considerations like how productive are the existing agents, can the broker really help you learn and get sales or are they just looking to collect desk fees. etc. This is still a work in progress, none of the calculations or formulas are in place - at this point I'm looking to make sure I gather all of the right information - please let me know if anything is wrong, missing, confusing, misleading, or otherwise needs improvement. Any comments, good or critical, are appreciated. Below are the descriptions of information to include: **General Information:** Brokerage Name Address Mile from home/office Franchise REALTOR®? Years of experience as a managing broker Total agent count (this location only) 12 month total transaction amount 12 month transaction count 12 month Listing count 12 month buyer representation count 12 month smallest single transaction 12 month largest single transaction Average time between transactions (days) Shortest time between transactions (days) Longest time between transactions (days) Least productive agent number of transactions per year Most productive agent number of transactions per year Initial Split % (Agent side only) Initial Split Cap Secondary Split % (Agent side only) Secondary Split Cap Tertiary Split Franchise Fee Cap **Annual Income - leads and closing rates:** Mailing/Postcard leads Mailing/Postcard average closing rate Networking leads Networking average closing rate Floor/Phone leads Floor/Phone average closing rate Website leads Website average closing rate Unpaid referral leads Unpaid referral average closing rate Repeat client leads Repeat client average closing rate Other leads Other leads average closing rate **Annual income - non-commission:** Revenue/Profit share Company stock Other **Annual Fixed Expenses:** License renewal fee Required continuing education Elective continuing education Mentoring program Training - in person Training - online REALTOR® association dues & Application Fee Supra Key Lock Boxes Signs Desk fee CRM fee Marketing fee Technology fee E&O Insurance Health Insurance (not usually from brokerage) Office supplies Business Cards Internet Service Cell Phone Service Agent website hosting Agent website maintenance Other annual expense **Variable Expenses (per side):** Admin fee Transaction fee Franchise fee - Fixed Franchise fee - Percentage Other per-side fee **Subjective Information:** Office amenities Training and support Mentorship suport Administrative support Culture and vibe Recognition programs Additional benefits Niche Geographic areas served [link] [comments] |
| Another "Does My Brokerage Suck?" Post Posted: 02 Mar 2020 05:05 PM PST Hi everybody. I've been noticing that when people describe their sucky brokerage arrangements, I feel like a lot of those things apply to me and my brokerage. Now I'm wondering, does my brokerage suck? There aren't any teams but we do get a managing broker that answers any questions for us and reviews our forms, so we're not completely on our own. The brokerage provides newspaper advertising, but no agent spotlight ads or anything, so that doesn't really benefit me much. There is no other lead generation. My only leads or sales have come from working the floor, which is essentially volunteer and we just have to hope a good lead walks through the door. So far in the last 7 months I have had two sales from working floor and a handful of quality leads. The branch owner also gave me a co-listing for a 10% referral fee. The split is 60/40 until the brokerage grosses $28,000, then I get 80/20. I think monthly desk fees are about $140/month. I'm kind of frustrated because I don't know how to get leads and feel like no one is showing me the ropes. The inventory is also really low, so I feel like I'm not getting enough volume to learn as much as I'd like to. So all in all... Does my brokerage really serve me? Or does my brokerage suck? [link] [comments] |
| Tell the new-to-you LO before you refer them to someone Posted: 02 Mar 2020 04:03 PM PST This is on behalf of loan officers everywhere. So this isn't me directed at you specifically, this is on behalf of that LO you found on google and put on your "top 3" based on online reviews. Cool, I evidently did something right when it comes to SEO, now I'm on that list of 3 when you feel compelled to hand out a list of 3 loan officers instead of just the one that you work with all the time. Odd that you're putting a list together that includes 2 randos found on google (you REALLY have only EVER found one loan officer you like to work with? mmmk), but sure I'll take it. You might send 5 people to your go-to, and hand the list of 3 out to another 7, but you probably have a good idea which 1 or 2 of that 7 people are actually going to go down that list, rather than sticking to the gal or guy you like. Please give me a call first and let me know that Jimmy or Sally might call me. The more I know ahead of time, the more seamless it will be. I'll know how you do things, what you like, what you don't like, etc. My longer term goal is of course to deliver a level of service that'll have me replacing your #1 go-to, but in the short term what YOU want is for THIS transaction to go smoothly, which in the short term is also my goal (since it can lead to my long term goal). And the best way for that to happen, is for us to AT LEAST touch base for 20 or 30 minutes BEFORE I talk to the client (who btw does NOT know your name or how it is spelled or what your phone number is). I like to think I'm smooth as silk, but at some point ("hey what's your Realtors name again? [nothing obviously matching that comes up on google] Can you spell that for me?") it'll become evident that you and I had not worked together, and that makes you look bad. So, please, call me first! Signed, that rando LO you found on google and referred to someone, on a list of 3, without introducing yourself first. [link] [comments] |
| Posted: 02 Mar 2020 03:42 PM PST |
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