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Agent2Agent : Nationwide Real Estate Advice

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Activity 11,518
A few minutes ago
April Y. Chang answered:
A very old discussion, 10 years ago! Like this question so much that I'd like to give my 2 cents.

My take is to go with your instinct. You are right on, if after all the effort you try to paint a realistic picture for the seller in the listing presentation, still not listening, then the seller doesn't want to sell regardless what he/she said. That's disingenuous. Yes, it's not worth the effort and you won't be able to help eventually, because it's almost impossible to get a buyer to pay for an overpriced property, the chance is slim. We are not talking about a little overpriced, I believe we are talking about WAY overpriced. It's like gambling, and the odds are not on seller's side. How many gambler wins overall, right? Do we want to be a part of it when we can find something more productive to work at?

Good point to have it in writing to get price reduced, set expectation in writing. However, I doubt that he may agree if he's 'hard-headed', you may not get his listing at all. He may just move on to another realtor who may agree to gamble with him, at the realtor's expenses. The bright side is, at least, you know from the the get-go, and you choose not to play his game.

Be honest, if it's yours, it will come back to you; call a spade a spade. There's no way, if he/she is 'hard-headed', from my experience, to 'persuade' him/her. Motivated sellers don't argue with agents given the right data/facts, it's an argument you may never win.

Sellers with this mindset don't need realtors, they can sell it on their own and eventually sell for less. FSBO sells 10% less than properties listed with realtors, in average, and this national data is trending up as we speak. Guess what, some sellers don't realize the value to have a good realtor on their side, and some may even think they know better, no, they don't, but in denial. Hey, if that makes them happy to not realize it, so be it. It's some sellers' choice, no offense. We as realtors have mission to go out to help those who sincerely would like to work with us and make sales happen.

Patti, you've given all you can, kudos to you trying to help him! We've all been there or run into one occasionally, we learn and we move on for good.

My short answer is to 'try' our best to present the market price, be prepared to walk away if we can't agreed on a realistic strategy, may as well put a clause to get reimbursement on marketing expenses spent. A motivated seller would agree to sign, if not, he/she knows it's not going to sell, why bother to get that listing that will expire?
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Yesterday at 9:16pm
Alan May answered:
You can "interview" with any agency you want, while you are working at a different brokerage. You are not working "for" anyone, since you are an independent contractor... but be aware... if your current agency catches wind that you're looking to leave... they may decide to force your hand.

I don't know the details of Keller William's model... but I doubt they pay a salary. Call your local KW office (or an agent at the office, if you're friendly with one) and ask them. Don't jump ship until you have a lifeboat to land in.

Good luck.
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Yesterday at 7:50pm
Kathy Burgreen answered:
Typically when you're hired by your brokerage and first sign the independent contractor agreement, at that time you either give your brokerage the routing number for your bank account (where your commission checks are to be deposited) OR you tell your brokerage who to make the check payable to.

At the closing of a real estate transaction, ALL commission checks are payable to the brokerage itself - NEVER the individual agent / realtors. The brokerage deposits the check into their account, then cuts a check payable to you depending on the split between you and your brokerage. Because of the split between the realtor and the brokerage, this is why commission checks at a closing are payable to the brokerage. Your brokerage takes their split upfront.
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Yesterday at 4:42pm
Derek Jones answered:
I ran a search in a couple of my re groups on facebook and the feedback wasn't good. And their guarantee is worthless if you ask me. It's something along the lines of if an appointment flakes or cancels or isn't a real appt. then they'll get you another one instead of giving your money back. I tried to bargain with the rep but they didn't even want to give me 1 free listing appt. to test them out. I ended up joining their free network and even those "appointments" that they have sent haven't been real appts. ... more
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Yesterday at 1:15pm
Scott Godzyk answered:
Your states Real estate commission will have a list or google your town.city and real estate broker. You will need to pass your states test to be licensed. Make sure you ask what different companies offer, what they pay and what they charge for. Then promote yourself on sites like Active Rain, I put a link to join for free below ... more
0 votes 2 answers Share Flag
Sun Oct 15, 2017
Heather Haynes asked:
Sat Oct 14, 2017
Scott Godzyk answered:
The 2 best options i like are hiring a licensed assistant to do those tasks or teaming up with someone that can do them. Asking another licensed agent to do the tasks can lead you to lose clients. They hire you to see you not another agent. ... more
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Sat Oct 14, 2017
Johncampbellmac asked:
I'm an agent considering using this service
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Fri Oct 13, 2017
Paul answered:
Fri Oct 13, 2017
Bhavesh Koladiya answered:
Some companies get stuck with complex sales tools that are tough to use and leave much to be desired. Then sales managers have to chase their salespeople to actually use the tools. I found many CRM software at SoftwareSuggest. They listed of top CRM software with comparison, features and many more. - https://www.softwaresuggest.com/crm-software ... more
0 votes 6 answers Share Flag
Fri Oct 13, 2017
Rick asked:
Fri Oct 13, 2017
Rick asked:
studying markets, developing social media/on-line presence, doing Open Houses, networking, etc. Was highly successful in another career. QUESTION: What is a wise investment of marketing…
0 votes 0 Answers Share Flag
Thu Oct 12, 2017
Kathy Burgreen answered:
As a retired realtor, you need a reality check so allow me to educate you:

Your job as a pharmacist meant a weekly or bi monthly paycheck - correct? As a realtor, you are self employed. NO PAYCHECKS!!! Your income will be 100% dependent on sales. You only get paid when you close a transaction. Therefore, you need to expect the first 6 months - 1 year with NO INCOME!! Do you have savings to pay all your bills?

Your comment "...I'm looking more for happiness and freedom then money because with happiness, money will come later." I disagree with you 100%. If you have NO INCOME, how will you pay your bills? You won't be happy with no hone to sleep at night, no food, no electricity and no cell phone. Happiness is when you have an income to survive.

You need to learn that as a realtor, it is up to you to find leads (buyers and sellers) and have them work with you to make a sale. Brokers are not required to provide you leads or tell you "here is a seller / buyer. Call them and make a sale." Brokers are only responsible for your behavior / actions if it violates any state or Federal laws or the brokerage policies. Further, the brokers only interest is getting their agents to close deals so they can collect their portion of the commission checks.

You also need to learn that for every commission check you collect, a portion goes to your broker. You do not collect the entire amount. You will need to reserve a portion of your check to pay Federal income taxes, health insurance and save some for retirement. Unlike your pharmacy paycheck, your employer would deduct the required amount. As a realtor, you are responsible for this.
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Thu Oct 12, 2017
Kathy Burgreen answered:
Thu Oct 12, 2017
Gpasamples answered:
If you would like to have a real estate cartoon logo for your business, you should check this out.

http://www.ebay.com/itm/263258838196?ssPageName=STRK:MESELX:IT&_trksid=p3984.m1558.l2649 ... more
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Wed Oct 11, 2017
Anita jones answered:
If anyone of you are looking for a good, reliable, upfront, fast closing mortgage broker, please contact us at www.leanmeanmortgage.com. We are licensed in NY state.
2 votes 7 answers Share Flag
Wed Oct 11, 2017
Sally Scrimgeour answered:
I've used Listing Grabber for 3 years now- one of the best pillars I have used. Last year I sold 24 homes from this. It is a great product - check it out!

http://bafgjcd.homeinfo.us/refer ... more
0 votes 36 answers Share Flag
Tue Oct 10, 2017
Kc8heg answered:
I am taking it now. Most materials are good, but in some cases interchangable terms are switched up, making things confusing. In addition, the clock showing imber of hours spent in the course is weird. It says I have 5 minutes left of the 40 hours of study, but I am only halfway through the material. I thought it was based on the amount of material covered rather than actual time, but I know I haven't been in the course for 40 hours.

I have found at least one contradiction between the material and a quiz question, so I wrote the instructor, who is supposed to respond in 24 hours. It has been 27 hours.
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0 votes 16 answers Share Flag
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