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    Wednesday, December 23, 2020

    Realtors: r/Realtors Weekly Common Topics Discussion (New or Part-Time Agent, Lead Generation/Marketing, CRM/Websites)

    Realtors: r/Realtors Weekly Common Topics Discussion (New or Part-Time Agent, Lead Generation/Marketing, CRM/Websites)


    r/Realtors Weekly Common Topics Discussion (New or Part-Time Agent, Lead Generation/Marketing, CRM/Websites)

    Posted: 23 Dec 2020 05:00 AM PST

    Please use this thread to discuss the three most common topics in r/realtors.

    1. Becoming a new or part-time agent, taking the exams, or requesting general business growth advice.
    2. Lead generation and internet/offline marketing.
    3. Agent or office websites and CRM Software (Customer Relationship Management).

    Remember it is not permitted to promote your own brand, service, or company by any means, but you may comment on other services you've used; good or bad.

    Join our community discord for live chat and more: https://discord.gg/bsmc2UD

    Since this thread is likely to fill up quickly, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts.

    submitted by /u/joeyda3rd
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    How long have you been in the business and how much do you make?

    Posted: 23 Dec 2020 11:16 AM PST

    If you're comfortable sharing, how long have you been a realtor and how much do you make?

    I'm new to this sub and keep seeing how 50% of new realtors quit within 6 months and ~92% quit within two years.

    This is obviously not a get rich quick scheme, but I want to be realistic with my expectations and numbers. There's only so many Ryan Serhants in the world. Lol

    submitted by /u/johndoe5643567
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    Do Pocket Listings even exist in this hot market ?

    Posted: 23 Dec 2020 07:16 AM PST

    I have buyer clients who ask me to look out for any pocket listings I might have or my office might have. I tell them those really don't exist anymore. Sellers want to place their homes on the open market to get the highest bid possible. Am I correct in telling them this?

    submitted by /u/mercc72
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    Mccissock real estate courses are bum rushed for profit

    Posted: 23 Dec 2020 10:32 AM PST

    Finished Course 1 (MN) exam with a 97%, and proceeded to take their practice Minnesota state and national tests. I completed all tests with 100% by the second try.

    The national exam was a breeze due to a real estate license exams for dummies book I got, but on the state test there were concepts / specifics I had never even heard of, I failed with a 65%, ouch.

    I then decided to purchase another real estate course targeted specifically for state exams, 10 practice tests / 1000 questions. I got over 90% on all of them first try, and got 100% by second try. I go back in today for my second state exam, and I fail once again, this time with a 63%.

    Anybody have a similar experience? I am not super happy with my courses.

    submitted by /u/boatnotinwater
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    Questions About VA Loan Closings

    Posted: 23 Dec 2020 07:13 AM PST

    I'm selling a friend's house in a seller's market which has received an offer from a buyer with a VA loan. I'm unfamiliar with these type of closings and so is my broker. Been making a round of calls with VA loan officers and what-not to see how this may impact my seller with closing costs.

    So far, it sounds like it'll be the cost of the termite inspection and maybe give or take up to ~$1000 in lender-related fees. There's added verbiage in their rider about covering recording fees for assigning the buyer's mortgage which I'd like excluded from the agreement. Not sure if this is something that's going to be lender required for the seller to pay.

    Is this what we should expect in terms of rough costs or am I way off? Are there any other stipulations that the buyer's lender is going to ask the seller to cover because the VA buyer can't pay these? The house is relatively in great shape and we shouldn't have any issues with the inspection or repairs required for the VA loan.

    submitted by /u/foxthoughts
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    Switching Brokerage (Turn around time)

    Posted: 23 Dec 2020 09:58 AM PST

    Does anyone have input on how long the process is to switch brokerages? I'm considering working as a part time associate agent with Redfin. (associate agents are independent contractors but don't represent the client, they just get paid to show properties)

    But I'm curious if I find a client who was ready to buy or sell and wanted me to represent them, I could switch to a traditional brokerage to earn the commission on the sale.

    Any thoughts?

    submitted by /u/MacMan1214
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    Is it too late to get a buyer's agent? Florida

    Posted: 23 Dec 2020 10:10 AM PST

    This may be the wrong place for this question, if so I apologize. Just let me know and I will remove it

    Quick background -

    • Was working with an agent who represented us as a buyer's agent in a few failed offers.
    • Made an offer on a house assuming the agent was representing us
    • The agent was the listing agent and is now acting as a transactional broker
    • Offer was accepted, contract signed, seller's agreed to repairs and the addendum has been signed
    • Now it is like a switch was flipped, the agent is no longer helpful, agrees verbally to items, and then acts differently

    Question - if I wanted to bring in an agent to represent me as a buyer's agent, can I still do that? or would it require backing out of the contract and starting over? No mention in the signed contract

    submitted by /u/2Sea4Escape
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    Is it wrong to ask to do a photoshoot in someone's listing?

    Posted: 23 Dec 2020 09:08 AM PST

    Is it wrong to ask to do a photoshoot in someone's listing?

    We have some high-end new construction condos being built and I want to do a branding photoshoot there. Problem is, It's not my listings. Is it wrong to ask the Realtor?

    We are willing to pay. We are looking to do anything crazy. The shoot would probably take less than 30 minutes.

    Is it wrong to ask?

    submitted by /u/MattEdwardGriffin
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    Is it required / really necessary to earn a bachelor's degree in real estate before getting your own license?

    Posted: 23 Dec 2020 03:01 AM PST

    How many of you have college degrees?

    Posted: 22 Dec 2020 06:48 PM PST

    And in what subject? Was it helpful or a waste of money?

    submitted by /u/socalgirllvn
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    Starting agent

    Posted: 22 Dec 2020 11:14 PM PST

    Hi I had some questions if anyone would be able to answer them. I'm currently working on getting my license and deciding which brokers to work for. The main 2 I've been looking at are Keller Williams and Redfin. One issue I have is that I don't have money saved up to be able to market myself etc. which puts a big issue if I chose to work for Keller Williams. But it seems that with Redfin they take bigger percentages than KW but they do marketing and etc for you. I feel like since I don't have money I'm forced to go with Redfin almost, but was wondering if there are any other brokers that would be able to market for me or a way to work around my issue thanks.

    submitted by /u/Rin_ow
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    Is this business plan enough to net 100k in 2021?

    Posted: 22 Dec 2020 10:10 PM PST

    Median Price Point in Area = 280k. On a 80/20 split that caps at $21,000.

    Hey there. Just did a business plan for the upcoming year, and want to run it by for ideas, and to see if I'm doing too little, too much etc. These are the 4 lead gen methods I will be doing weekly.

    Led Gen Method 1/4 - Circle Prospecting

    • From this, I am aiming to hit 4,000 contacts over the course of 2021, and hit 50,000 total calls. An 8% Call-to-Contact ratio. This would be 250 Calls/Day, 4 times a week. 1,000 Calls/Week.

    I would be doing the Ricky Carruth method. Mentioning a Just Listed/Just Sold, ask if I can help in any way. If uninterested but I can grab their email, add them to my weekly email and call them every 6 months deepening the relationship and asking for referrals.

    Lead Gen Method 2/4 - Open Houses

    • I average around 7 Groups of people per Open House. A total of 560 Contacts from Open Houses over the course of 2021, however I'm guessing 60% would already have an agent. So let's say 220 Non-Represented Open House Visitors.
    • I would do an Open House every Saturday & Sunday with 1 weekend off per month. Ends up being 80 Open Houses total over the year.

    During the Open House I would have local comps, local listings similar to the one I'm holding, etc.

    I would follow up day of the Open House with an email, and call them the immediate Monday to see how else I can provide value. If no response, put on automated drip campaign for 8-10 touches over 45 days until a response, then a monthly call for 3 months, then a Quarterly Call until a response.

    Lead Gen Method 3/4 - Facebook Ads

    • From this, I am aiming to do $50/week. I average around $1.50 CPL from Single Listing FB Ads, so in total, I would receive around 1,650 Names, Numbers, & Emails from those visiting a Single Listing Lead Page

    The way I do it is call ASAP when the lead comes in and try my best to find the motivation, timeline, qualify etc. to find how long until the lead is ready to take action. If no response, they are put on a 14 touch over 45 day automatic Drip Campaign. Then 3 Monthly Calls, then Quarterly Calls until they answer me.

    Lead Gen Method 4/4 - FSBO's

    • From this, there are currently 725 FSBO's in the 3 counties I focus in on Zillow. Just to give an idea of how many FSBO's are available in my market.

    This lead source method I'm not sure about as I've never done. I want more listings, and I know FSBO's would be a great point of attack for that. My ideal way of doing FSBO's would be calling and simply seeing how long til they will consider listing, and in the mean time provide value, tips, and help any way I can in the mean time. Follow up weekly until they've sold/list with me!

    So all in all. Are these 3, possibly 4 methods of prospecting going to allow me to hit my goal of netting $100,000? I know money is in follow up, which is why I presented my follow up plans for each lead source. Please let me know what you think!

    submitted by /u/DaWhiteDwight
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    Clients own a cannabis dispensary

    Posted: 22 Dec 2020 12:57 PM PST

    We've been under contract for 66 days, we were supposed to close 6 days ago & now the lender is having trouble locking in the financing because cannabis isn't federally legal, They file taxes just as a normal business. Pretty much don't know what to do at this point, we already knew that Fannie/Freddie wouldn't be an option but is there no other options for my buyers? How can we get this deal closed?

    They are putting 20% down as well.

    submitted by /u/Jasmin-Jasmin
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    Easier States to quickly buy a house in?

    Posted: 22 Dec 2020 03:22 PM PST

    I'm interested in moving to Charlotte, North Carolina because thats where all my family is and I would like to purchase a home. After talking to a realtor, I was told my quickest option would be to apply for a full time job (W2 not 1099) and work it for a full month to qualify as a resident as opposed to simply living there for a year. Afterwards I would be able to apply as a first time home buyer and get a loan.

    2 questions- 1. Anyone know if there's a faster way around it? maybe applying with a relative resident? And 2. Are there any states you know of that one can move to and immediately start the home buying process?

    additional info: I've been running my own business for 3 years and have taxes filed for the past 2 years and plan on continuing the business in the new state. Currently made around $60,000 a year and have about $20,000 in my savings. Any info is appreciated.

    submitted by /u/yellowbellee
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    What are your favorite real estate TV shows?

    Posted: 22 Dec 2020 12:29 PM PST

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