Realtors: When they don't list with you/I need to rant |
- When they don't list with you/I need to rant
- Agent from another state advising my client
- Any NYC Realtors on here? I'm considering a career change.
- What was your most expensive listing and how did you get it ?
- School exams using ProctorU - anyone have experience with these proctored exams?
- Google Ads VS Facebook Ads
- New, Top Producing Agent Facing Burnout
- cold calling accountabiity partner
- Prep Agent or Night Before the Exam?
- How common is it for Realtors to receive a salary?
- I need some serious help!
- Who works in ABQ, NM?
| When they don't list with you/I need to rant Posted: 08 Sep 2020 04:36 AM PDT okay, this just happened this morning. I left a small broker last year to join a national name. I have past clients who I talked to 17 days ago about listing their house because it's value jumped way up. They were excited and they were most definitely loyal to me. We spent about 3 hours together talking about the house, our families, and just life in general. The last text I got from them says "we are definitely going to use you, but we need to do a couple of things to get our credit above a 660." I said great, I'll reach out in about 30 days and check in and he responded "Awesome man, I know with you I'm in good hands. I look forward to it". This morning, it came up in the mls listed with my old brokerage at the price we talked about. To top it off, they listed it with an agent there who is their top agent and they brought up her name when we were together as an example of someone they wouldn't want to bring a buyer if possible because of how "annoying" her marketing is. What. The. Actual. Fuck. I'm pissed but I can't say anything to anyone about it because I'll look bad. Please help me calm down internet strangers I'm about to ruin a relationship with a "What the hell?" phone call. *edited for update* They responded by saying that I didn't personally let them down. They asked for a second opinion from the other agent, and she gave them the same numbers I did. However, her lender was able to give them a preapproval for 100k more than mine was, and was able to do it right away while my lender said they needed to dispute some credit stuff and they should be good to go in 30 days. He was very apologetic and asked that it not effect our friendship. (we drink beer together sometimes) He even sent me a copy of his preapproval and asked me how the two lenders could be so different. Turns out, the other agents lender gave them a pre qual, not preapproval, and it requires 3% seller concessions and the repayment of debt prior to closing. In an effort to be professional I let it go and told them that they are in good hands with the other agent and set an appointment to grab beer after work this week. Obviously, they don't understand how the loan process got changed and frankly I don't feel comfortable advising them on it because of how aggressive the other is known to be about people talking to her clients. I just wished them well, but knowing what I know now it's my opinion that they got conned by a salesman and will figure that out on their own when they start writing offers with that prequalification in this market. essentially, my take away is this. The deal was in my lap but myself and my referral partners didn't do a good enough job. We were out hustled by better salespeople and in this economy the smoke and mirrors approach is working well. I can't bring myself to ask my partners to do that as I am not willing to do it either. It just is what it is. Next lead, next deal. [link] [comments] |
| Agent from another state advising my client Posted: 08 Sep 2020 11:29 AM PDT I am frustrated right now. I have a buyer who I just got under contract on a house. And all of the sudden he is asking me all kinds of weird questions because he is talking to his agent friend from back in Los Angeles. Inspection is tomorrow, walkthrough is at 12:00. He is insisting that he should be there starting at 9:00 for the entire 4 hour inspection, which is not common practice. In MN, we go for the last hour to have the inspector show us his findings. I am afraid that he is going to slow down the inspector and be upset when the inspector isn't answering his questions the whole time. He said in LA buyers are always invited to go the whole time. Then he tells me that he heard it is common for agents to pay their buyer clients money as a reward for buying a house. It is illegal for agents here to pay non licensed people. Then he asks "when do we go into ESCROW". That is not a term we use here unless referring to funds being held in escrow by the title company. After looking it up, escrow just means to be under contract on a property. But I am afraid that this agent is going to mess up the transaction by giving advice CA advice for a MN transaction. [link] [comments] |
| Any NYC Realtors on here? I'm considering a career change. Posted: 08 Sep 2020 07:33 AM PDT Hey /r/realtors I'm a 30M living in NYC, and I've been floating the idea of making a career change. I've worked in sales and as a bartender for most of my adult life, and while it's always been able to pay my bills this year has definitely shown how fragile the restaurant industry is. Fortunately, I live within my means and I have savings, but this year might be my wakeup call to change careers. I think real-estate could/would be a good move for me. I know NYC very well, and while I didn't get to finish college (financial reasons), I'm definitely no dummy. Furthermore, while I know that it'll take a few months to get study and get my certification, I'm mostly concerned with 'breaking in' to the business. I can only imagine that the market in NYC is super unstable right now, but even in the best of times I imagine that it's highly competitive. Maybe this is a great idea, or maybe it's the equivalent of somebody saying "I guess I'll just go to Harvard." and is totally naive to how difficult this can be. Any advice would be great. [link] [comments] |
| What was your most expensive listing and how did you get it ? Posted: 07 Sep 2020 07:56 PM PDT |
| School exams using ProctorU - anyone have experience with these proctored exams? Posted: 08 Sep 2020 07:01 AM PDT I've never taken a school exam this way so I'm curious to know how it works. Can you have notes to help you? A calculator? Paper? [link] [comments] |
| Posted: 08 Sep 2020 08:18 AM PDT Pretty much title! I am wondering if anyone has had more success using one over the other. I personally have not gone fully into Google ads but have success using FB. What kind of ads are you running? [link] [comments] |
| New, Top Producing Agent Facing Burnout Posted: 07 Sep 2020 07:41 PM PDT I recently moved to a new state and got licensed in late January. Year to date I am right at $2.7 million in volume and 16 transactions in sales. In my market, that is top 10% of agents. When I first moved and got licensed, I hit the phones and started prospecting. Since I didn't have any connections or much experience, I didn't expect much business so quickly - and I ended up taking on around 12 listings in my first month and a half in the business. Maybe I bit off more than I could chew... Covid hit which slowed things down for a while but for the most part since the beginning of the year I have been working 24/7. At the beginning this was my choice, but now it is more outside of my control because I am servicing my clients, putting out fires on transactions, etc. I am in the works of potentially getting an assistant and have been doing a lot better job of setting boundaries with my clients, but the challenge is feeling like I am not able to turn it off and be done with work when I say I am done. I could be relaxing on a Sunday night but any given minute I could get a call from an agent/client that is in crisis mode and expects me to fix it. I have no issue servicing my clients and find joy in helping them. I have always worked in customer service/"helping" fields which I believe has played a big part in my early success thus far. But I have seen a very different side of people since I have been in this business. People act very different when money is involved - I recently worked with several clients that were very belittling and felt that because I was getting compensated they could act, say, and treat me however they wanted. I fired one of them and closed on a property with the other and now understand that working with these type of people is not worth it, but it still stings. Another big thing I see is during transactions the ego that comes up (especially on the seller side) - I just had one inspection on a contract where the electrical system has been noted as an extreme safety hazard and could potentially burn the house down. The seller is at a mindset of "fuck the buyers" and that it's their problem. This is just an example but has come up many times in my transactions from sellers. I know a home is bought "as is", but what happened to the golden rule? It seems like each party in a transaction forgets that there is a human being on the other side going through there own shit. The last thing with clients is it seems that with the general public (at least where I am) we as agents and as industry are not truly respected. It feels like there is an initial lack of trust right off the bat which creates an initial lack of respect as well... I get that trust is earned - but it's not a very good feeling of people being on guard because you are a "salesman" until you show them your one of the good ones. But this general lack of initial trust seems to create an environment of it always being the agents fault if something unexpected happens. With a lot of people, it seems that there is that general aloofness towards you or lack of respect, but when shit hits the fan then they need me, and assume that I am available 24/7. When it's over, back to the aloofness. The second biggest problem I am facing and has discouraged me is the industry as a whole. There is so much lack of organization in brokerages and individual agents. I deal with many agents in my transactions that become so stressed out with the transaction that they start making decisions and acting based off their emotions. I get calls from agents 24/7 that say "I am outside your listing, can I show it?" Of an owner occupied house and no heads up. I recently switched from one brokerage that was doing some shady things to a new one where I was promised the world. It's a lot better than my previous one, but I was pretty much thrown to the wolves when I switched, which bothered me a bit with how much I was promised. It seems like brokers really try to nickel and dime the agent in one way or another, and then when you bring up the concern you get "objection handled". Especially when comparing two companies with 2 splits and the same tools... I get the "value" in our brokerage, but it's wrong for me to want to get paid more for effectively the same support and tools to better support my family? Or if I decide to start my own brokerage I will immediately fail? On top of these things I see a lot of agents/managers/brokers caught in this behavior of "its not the whole truth, but it's technically not a lie" in what they say to their clients, agents, etc that really bother me... an example of this is the "I have a buyer" script to a homeowner to get a listing among others. Just a lot of corner cutting and lack of transparency. I really feels Luke this snowballs... a new agent could come in with all the best intentions of not falling into the stigma, but get caught in the bullshit as they make their way to the top. This stuff isn't a conscious decision that just happens overnight... it is an adaptation to environment. I don't want to get out of the business, but just wanted to vent and see fellow Redditors thoughts/suggestions. Did I bite off more than I can chew in year 1 and am I just a little in shock after going down the "real estate rabbits hole" and still having a "fresh pair of glasses" because I am still pretty new? Do the clients you work with become higher quality after your reputation builds? How do you handle some of the pitfalls of working with others in the industry? [link] [comments] |
| cold calling accountabiity partner Posted: 08 Sep 2020 07:34 AM PDT I know realtors do a lot of calling and some of you might need a bit of extra accountability so posting here. I'm starting a digital marketing agency and would like to do 2-3hrs of cold-calling/day (maybe more if you're down) Would like to do a 'focus-mate' like arrangement where we have a chat then start our calls while sharing screen and camera to keep each other accountability - no stopping until 2 hours is done. Will be calling EST 9-11am Drop me a line [link] [comments] |
| Prep Agent or Night Before the Exam? Posted: 08 Sep 2020 07:08 AM PDT Which one do you recommend before taking the exam? Pros and Cons of each would be appreciated. [link] [comments] |
| How common is it for Realtors to receive a salary? Posted: 07 Sep 2020 12:47 PM PDT Hi there. I'm 24, finishing the classes for my RE license soon, in Los Angeles, CA. I know there's a lot of startup expenses associated with becoming a RE agent. I want to jump in head first and do it full time, but I don't realistically have 6 months of living expenses saved up. The reason that I started pursuing the classes was because I received the education for free through a local community college. I already have a degree in marketing and had previously worked in sales for two startups before the company I was working for shut down. My question is: how common is it to find an entry level RE agent position where I would be given a small salary to live on to at least get by while I wait for my first sale? Do these even exist? Would they pay for me to get licensed? Also, since I don't have the funds saved, would you recommend starting off as a RE assistant first? Would this experience be valuable in any way? Thanks so much in advance! [link] [comments] |
| Posted: 07 Sep 2020 04:21 PM PDT Hey, former agent here (15 years ago), retaking classes and exams for a different state. I've finished my classes and am studying for the test. I've been using compucram and the RE school final exam review. The problem I'm having is that the compucram is SO MUCH HARDER than the school exam. I'm failing every practice test I take, and finally getting the hang of the unit reviews. I find it almost impossible to sit through a practice test with 160+ questions and can barely focus at the end to review it. Am I just going about this the wrong way? I have my state test in a week, and honestly with everything going on pandemic wise, and schooling at home with kids, I really just want to get this all over with to have one less thing hanging over my head (work would be a fun break right now). Any advice? Doing another compucram practice test makes me want to just bawl like a baby. Also in CO if that makes a difference. [link] [comments] |
| Posted: 07 Sep 2020 07:14 PM PDT I'm in Central TX. My mom recently got licensed in NM. I'm 6 years in. She's too proud to ask for help but she needs guidance. Things are done a little differently everywhere, and she needs help with lead gen., systems, etc. Just general "how to realtor" guidance. She's currently at a C21 branch but I'm not sure how much they're really doing to teach her. Are there local offices that offer mentors/teams for new agents, etc.? [link] [comments] |
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