Exit realty has a great compensation program! You should visit their website and watch a video, where they show all calculation of commision. There is opportunity to earn 75% and more! Wish you luck!... more
MS Lane, you are not a licensed lender so stay away from asking any question related to QUALIFYING for a financial product.
DO NOT DUMP YOUR CLIENT INTO THE LAP OF A LENDER WITHOUT SCREENING!
That is really BAD advise.
Be aware, you are not wanting to send them to a lender, you want to send them to THE resource that will deliver the buyers solution, on time under budget and without the hysteria. Asking 'Have you been approved?" then dumping should be considered agent malpractice.
Consider the following questions:
Working with another agent?
When must you make a purchase decision?
Special qualifications? (VA, 61+, waterfront, golf, universal design, USDA, ect)
Type of housing excepted?
Type of purchase? vacation home, investment, residence.
Source of income? W-2 YIPPIE, investment income- don't send to lender who has Wells Fargo in there contact list.
Available savings, gift money, 401K?
Surprises? Recent divorce, career change, law suit, felon, a estranged spouse who will not cooperate, foreclosure, short sale, eviction, credit score.
Now select the lender in your data base who has a historic record of success with buyers of this type purchasing property of this type, can be held accountable for the outcome who delivers on time, under budget and without the hysteria.
Best of success,
Annette Lawrence, Broker/Associate
Remax Realtec Group
Palm Harbor, FL
Palm Harbor University High School distirct
RE/MAX encourages agents to create their brand within the great structure it provides. Who wouldn't want to take advantage of the RE/MAX balloon which is as recognizable as many of the top world brands like Nike? While some of the big box brands give you "free signs" that have their logo and their office number--RE/MAX wants to put your name and your number on the sign so the calls go to YOU. In my book, free is not free if it doesn't advance you and your brand. There are guidelines in how you market yourself that are imposed by your State's Department of Real Estates which usually includes making sure your agency's name is clearly identified on all marketing materials so keep that in mind as well.... more
Dorene gave excellent advice! Her scenario is a basic outline for my first two years. As a (now retired) police officer, real estate was sooooo out of understanding. I saved 1 1/2 yrs salary while working full time at the cop shop and part timing real estate. Took me about 6 months for my first sale. After I had ample money saved, I jumped in full time and love every minute of it. Talk to everyone you see, ask lots of questions, hand out cards everywhere. You can do it! Good luck!... more
There are lots of great companies to choose from. However, if you don't know what to look for the real choice you make is where you will go broke the fastest.
I'm confident, that you, like ALL new businesses owners, completed an analysis of the existing market and identified the critical issues. Briefly, let me summarize what you already know:
1. What segment of the real estate market is most active in Oak Ridge NJ
2. The average price point of the real estate sold in this market
3. Your survival income needs (+15%, your taxes)
4. Your businesses income goals
5. The number of transactions you must complete to get to #3 and #4.
With this information you need to ask the brokers you talk to share the average number of transactions per agent of the office, not the franchise. The national average per agent transaction is around 6.
The best real estate company to work for is the one that gets you doing transactions the quickest. You learn by doing, you earn by completing. You do neither warming a seat in a class room.
The average transactions per agent in an office is VALIDATION their process and systems work. Wishful thinking is beneficial to the broker, solid data is beneficial to you. The evidence is clear, if the agents are not doing an exceptional number a transactions, something is amiss.. Now, if you have to good fortune to be welcomed aboard a highly productive organization, you simply need to follow instructions offered by your mentor. It's surprising how THAT is the essential failure of most real estate newbies. They are fatally infected with IDWDT and don't know it.
Now it is benefical to chat with a few agents. Just pick and bus bench and call the number. You MUST ask if the agent receives any benefit or compensation from recruiting new agents. If the response is yes, you should be able to add 2 + 2 and understand the responses they must give.
Best of success to you,
Annette Lawrence, Broker/Associate
Remax Realtec Group, Palm Harbor, FL
Common practice and best practice aren't necessarily the same thing. Many agents door knock or send letters. Door drops or door hangers are also pretty popular. Calling is almost impossible these days.Whatever method you choose, be sure to give them a website with information so they can research. The will almost never call you.
Residential and commercial are two different worlds - the skill set shared between the two is very small and the customer base has almost no cross-over. I highly recommend picking just one. As Rocky accurately states, commercial deals take longer even though the pay days are larger, so you may want to consider that. On the other hand, residential deals close faster but are so emotional it can drive you nuts.
If you consider yourself a real estate salesman, you may want to follow the sage advice that all salesmen should follow regardless of industry:
1) sell what the people are buying
2) sell only the best product in each category
Look at current market conditions for residential and commercial real estate in your geographical area and determine which one is the best BUSINESS OPPORTUNITY for you - apply the classic SWOT* analysis. The answer to your question may be the product that provides the best return on your investment of time, capital and effort.
SWOT = Strengths, Weaknesses, Opportunities, Threats... more
John - I agree! I moved to San Diego from Berlin, Germany and noticed immediately the weather was slightly better.
When it comes to real estate markets, San Diego has a wide range of them just as any other big city. I started my career at a Century 21 office in Mission Valley and was surprised that very few agents actually worked the area - most of them focused on downtown, Mission Hills Kensington, or Hillcrest. But I think the good money is where you are in the north county coastal area. And the traffic is better.... more
Hi Susan. For those contacting me on a property listing without a broker, I do my own type of qualifying since the initial contact is by phone or e-mail. All standard questions apply but I usually try to get them in my office since a voice on the phone is easy to dismiss and someone in person is less able to do that. Right off the bat, many drop off. I look at income, assets and debt. Since I also don't pull a credit report, I will ask if they know their FICO and if not and before we meet, I ask them to go to freecreditreport.com to get a their score. I look for roughly a 28% DTI ratio.
I also get calls where people ask, "Do I have to do all that just to see the place?" My response is absolutely you do if you want a private appointment to view. If they have a broker, no problem since the local board association requires I give other Realtors access. If someone is going it alone and won't do anything, I politely refuse the appointment and suggest they are free to come to an open house and I would be glad to call to inform them when one has been scheduled.
There have been times when I've broken my own rule but the situation has to be compelling. I consider it a "one for free" kind of thing but I haven't done that lately.... more
If you're talking about a RE license I'd contact Allied. Their one of the best online RE schools in the biz. I've received my agent and brokers license from them and passed both tests on the first try. They stay with you all the way and guarantee that you will pass the test.... more