Realtors: Am I too greedy? |
- Am I too greedy?
- What to do when you're ghosted by a listing agent?
- A Minnesota man is the first plaintiff in a class-action, antitrust lawsuit that some experts say could change the way residential homes are bought and sold in the U.S.
- Sole Prop PPP Accounting
- Sign post in Grayson, Ga
- Is now a good time to start being a realtor?
- How do I approach a prospective team about wanting to join them?
- How to explain to seller's that their price is too high?
- Open Houses?
- Want to know how I prevent from losing my NJ real estate license
- Co-signer post poning signing of lease agreement
- What’s your experience like as a Bilingual Agent? How’s business?
- Are you guys absolutely passionate about real estate? What are you guys in it for?
- What you should avoid when purchasing online leads.
| Posted: 21 May 2020 08:27 AM PDT Hello, first time poster—I'm a realtor in Michigan, at a big box brokerage, on a team. I was brought into the team as the buyer's agent, the first one, with the option to have listings as they come up. This will be my second year as a realtor. When I joined, I was told I'd be getting ALL the buyer leads. I'm noticing that's not exactly happening. I haven't been given a lead at all this year, and my team is on track for over 100 deals...when I ask about the sellers who need to buy their new house, I'm told they just wanted to use the same agent who sold their house (my team lead). Which I would be fine with, if it were only a deal here and there, not ALL of them. I've closed 4 deals this year, at a volume of 459K. I have to give 60% of my commission back to the team lead, and then split 30% of the remainder with my brokerage. I cap after $9,000 paid into the brokerage, and I'd have to do 2.5 mil in volume before I cap. After all these splits I'm left with like 0.5%, and that's if they're not a referral I have to pay out on. It just doesn't seem like enough to me. I'd have to close 25 deals at 100K each to cap with my brokerage, and I feel like I'm never going to get there. I don't want to make pennies on the dollar forever. I want more for the work I do. Am I just being greedy and unreasonable? [link] [comments] |
| What to do when you're ghosted by a listing agent? Posted: 21 May 2020 07:25 AM PDT The listing agent and I talked about the terms of an offer I sent over. She told me what the seller would accept, I relayed it to my buyer and it was accepted. I called the LA back and told her that everything was good and that I would revise the offer, get it signed and send it back for the seller's acceptance. She didn't acknowledge that she received it and stopped responding to my texts and didn't take my call this morning. The offer just now expired and still nothing. I'm thinking to leave it alone for another few hours then follow up again. Any advice? [link] [comments] |
| Posted: 20 May 2020 10:10 PM PDT |
| Posted: 21 May 2020 11:11 AM PDT This is my first year in business for myself (great timing huh?), but I had a number of settlements right out of the gate so I was able to qualify for some PPP money. I don't know how to treat this money from an accounting perspective. Here is where I am stuck – Should I be running the 8 weeks of PPP payments through my business account as business income? I know that the money is tax exempt from a federal perspective. Does that mean the loan / grant is tax exempt? I don't think we have guidance yet on how the state and counties are planning to treat this money. It's a potentially forgivable loan. A business wouldn't normally claim a loan as income, but for it to be forgivable I have to use it to pay myself and "protect my paycheck". Is the portion I pay myself then taxable as income? If I wasn't a sole-prop and I was using this money to pay an employee, that employee would have to count the money received as income and pay taxes on it right? I don't have a CPA to bounce this off of. Am I overthinking this? [link] [comments] |
| Posted: 21 May 2020 08:39 AM PDT Anyone interested in some white, vinyl sign post? I have a bunch. We are selling for about $25. [link] [comments] |
| Is now a good time to start being a realtor? Posted: 21 May 2020 07:02 AM PDT Currently 28 year old male unemployment living in northern Illinois near Wisconsin border. Very social and outgoing always thought about doing it, just a little unsure how it works. [link] [comments] |
| How do I approach a prospective team about wanting to join them? Posted: 20 May 2020 04:32 PM PDT Hello! I am almost done with my real estate license prep work and will be taking my exam within the next month. I've been scouting the top agents and teams in my area to get a feel for their vibe and what they do/how they market themselves. I found a team that I would love to work with but I'm unsure how to approach them in a professional yet earnest way. They are all women which I love (although they are all white which I am not--not an issue on my part but hopefully they would love some diversity on their team!) Is there any suggestions on how to approach them about joining their team? TYIA. [link] [comments] |
| How to explain to seller's that their price is too high? Posted: 20 May 2020 01:30 PM PDT New Realtor. Guilty of taking a listing from a FSBO that I probably can't sell. They "need" to come away with 35k and is priced about 25k too high. I don't want them to be upset with me if the home doesn't sell, but I showed them the comps and they wouldn't budge. I told them it's likely that we'll sit on the market for awhile most likely and that was about it. [link] [comments] |
| Posted: 20 May 2020 07:45 PM PDT I know, this may be a little too soon but hear me out. Here in AZ the Arizona Department of Real Estate announced that open houses can be held again under your broker's consent. I am looking to possibly hold opens again towards mid to late June depending on the Covid numbers. I will only conduct them on vacant properties and sanitize before, during (every 30 minutes), and post open house. Hand sanitizer administered before and after entering the property. As well as enforce a 6 foot minimum between me and the attendees and only 1 group of people inside the property at once. Do you think this is an efficient want to generate leads? Or has everything shifted towards the online space. Let me know! [link] [comments] |
| Want to know how I prevent from losing my NJ real estate license Posted: 20 May 2020 03:10 PM PDT So I passed my NJ real estate written exam and got my finger prints but I am busy at the moment with other things and I want to know is there a way for me to have an active real estate license with a broker but not working closing deals. This way I can come back to real estate if I chose but don't lose my license since I have 4 more months left to sign up with a broker? Thanks [link] [comments] |
| Co-signer post poning signing of lease agreement Posted: 20 May 2020 02:47 PM PDT Pertinent and short question, what would happen to me if my cosigner never shows up to sign the lease agreement. Would I still be able to get the apartment without the cosigner? I was told by the leasing office that I and my application were completely cleared to move in after putting down my 3 months rent and deposit after signing lease. Real worried I'm going to be homeless again... [link] [comments] |
| What’s your experience like as a Bilingual Agent? How’s business? Posted: 20 May 2020 01:46 PM PDT Hey guys, I'm a 22 year old Hispanic man living in Dallas, I'm fluent in Spanish and I'm currently working on getting my license. I plan on spending my first year or two mainly as an Apartment Locator, so I can get my feet wet and make connections before going into helping people buy, sell and rent their homes. Just out of curiosity I thought I'd ask any of you guys or gals in this sub about your experience as a Bilingual Agent. I'm sure every city and state is different in terms of the number of Spanish speaking residents living there so I'm interested in hearing different points of view. Dallas has a big Hispanic, Spanish speaking population so I'd imagine being bilingual can give me an advantage over many of my peers in being able to connect with that population. But what's it really like? Thanks guys [link] [comments] |
| Are you guys absolutely passionate about real estate? What are you guys in it for? Posted: 20 May 2020 01:37 PM PDT |
| What you should avoid when purchasing online leads. Posted: 20 May 2020 04:47 PM PDT I do lead generation in the Real Estate / Mortgage industry and I'm frustrated with the amount of people getting burned by bum leads. Here's a 5 minutes video on what to avoid when purchasing leads, very beginner level. [link] [comments] |
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