Go with the one showing the most RESULTS!
Anyone can promise you the moon but not everyone can show you the the evidence that their process works by simply allowing you to see the RESULTS.
Most brokerages operate on the business model that "IF you pay the fee you are ok with me." They will take anyone on board. One brokerage here in the Tampa area has 3,000+ agents and the brokerage does a whopping number of transactions....untill you ask the right question, one would think this mega broker is at the pinnacle of the real estate industry. Not so.
The right question for those who intend to make money, to be in business beyond two years is, "What is the average annual agent transaction for this office?"
Those brokerages who practice 'accidental' real estate will average around 9 transactions annually. Productive offices, the one you want to be a part of, average 17, 21, 35 transactions annually per agent. These results ARE the validation the system, compensation, training, infrastrucure and support actually WORK and produce RESULTS!
When you have identified the productive offices, beg, borrow, steal...do what you must to join a team or be assigned a mentor. Share your businesss vision/plan with your mentor then simply follow the directions provided. You will learn by doing and earn by completing and all done under the supervison of your mentor.
Be aware, you neither learn or earn warming a seat in a classroom. If you are ready to "hit the ground running" your choice should not be too difficult.
Best of success,
Annette Lawrence, Broker/Associate
Remax Realtec Group
Palm Harbor, FL
Serena, i am with The Lion Real Estate Group. We are a small brokerage located in the Meseum District. We provide lease and sales leads to our agents and we have a regular 70/30 split. That's what you would get with big brokerage with no leads or support. Current agents are getting in excess of 100 leads per month. Call me or email me 713-927-9336 Quenton@lionrealestate.com... more
If you are going to be working in the southwest area (Sugar Land), check out Realty Executives. That was the company I started with over 10 years ago and they had an outstanding training program for new agents. Polly Farrar is the broker.... more
i you're serious about real estate, even part time, please contact Stephanie McClimon, team leader at my office. She will be more than happy to help you. We are the no. 1 company in the country and are looking to grow with more agents. Make sure to let her know Lucie Ogdee gave you her number: 713-621-8001... more
While it's a numbers game, handing out cards "to everyone I meet" is virtually worthless.
Most people aren't in the market to buy or sell a house. They just aren't. What's the figure--that the average person sells/buys every 7 years? What are the odds you're going to hit someone at the precise moment he/she is looking? Or that the person is going to hang onto your card for months or years?
As Willie Sutton didn't say (but is often quoted as saying), he robbed banks because that's where the money was. You've got to find people who are thinking about buying or selling. So: Open houses are OK. Most folks are tire-kickers and curious neighbors, but some are real prospects.
You say you're running into people with credit issues or who can't buy at the moment. That's great, actually. Those people are serious about buying. If they're only 6-12 months or so away from qualifying (cleaning up slight to moderate credit glitches), refer them to a lender or mortgage broker who's willing to work with people needing better credit. Stay in touch with the lender or broker, and with the potential client. Once their credit is acceptable, you're likely to be near the top of their list of agents. And/or do some homework and find some lenders who will lend to people with weaker credit. They're out there.
And focus on finding properties with seller financing. Even if your potential clients can't qualify with a bank, it's possible that an owner will be willing to do seller financing.
As Willie Sutton didn't say, go where the money is. And if the money is with people with weak credit, go there. (Besides, you will have far less competition from other agents who simply write those folks off.)
Hope that helps.... more
If in doubt walk away. There are a number of companies that will give you great rates but are you sacraficing your privacy for that extra .250% to someone working out of their home who when the process is over will disposed of your personal information in the trash as they will not have room to store that information. These are some of the things that make me say personally say NOOOOO.
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No all around ... you need to be certified as a Property Manager (or at least you should be) irrespective of other designations. A real estate salesperson's license does not give you authority to manage property.... more
Typically, The first-time homebuyer must take a pre-purchase homebuyer education class (minimum of 8 hours) from a HUD certified counseling agency. However, there are several different programs out there. I would suggest researching them on the internet. A great one I have dealt with in the past is the American Dream Downpayment Initiative. With this program, the property being purchased must be within Houston city limits. A pro is you will receive a grant of $10,000 which does not have to be paid back. The maximum home price for a single-family dwelling unit, townhouse or condominium can only be $135,000, so if you had a more expensive home in mind, this probably would also be a con. The homes must pass HUD inspection requirements and the homebuyer must not have owned a residential structure during the three-year period prior to purchase of a home with ADDI assistance. Also, your total annual household income must not exceed eighty percent (80%) of the median income. Again, there are several programs, it just depends on what works best for you. If you need any additional information, feel free to contact me @ 832-207-2157 I'd be delighted to assist you in finding the right program for you!... more
You are supposed to disclose relatives here in PA, when representing them. If you list a property and it's your ex-es, then I would recommend doing that to be safe. But as a BUYER? Not sure what to say. And commercial is a whole different ballgame than residential.... more
Hey Jessica: Congrats on your entry into the biz. Those on line courses can be extremely boring so I understand why you want to take the course in person. However, if the courses offered in your area are anywhere close to ours, the course will merely get you to pass your state's real estate test; not train you on how to list and sell actual properties. That's where your brokerage comes in. I've been with Keller Williams just under a year and I've learned more in that one year than 10 years in Century 21. Please feel free to contact me if you'd like more information on Keller. Good luck!... more