Is that what they are charging you for a listing or paying. It depends, if you went to a larger office, you would surely get more than that. 25% of $495 and $995? Wow, you like to work for nothing?... more
Pick up the book "Up and Running in 30 days" and follow it. It's a great guideline. As a Coldwell Banker agent, I have to say that my experience has been great. Their sales training, mentoring and overall support are really strong. Plus having a company with an international reputation in business for over 100 years sets some pretty strong groundwork for new agents. Good luck... more
First, welcome to Trulia. Trulia is one of the few â€œqualityâ€ real estate website bringing value to buyers, sellers and real estate professionals alike.
Valorie mentioned Active Rain and rightly so. You will find there dozen of specialized groups of real estate professional exchanging ideas. You can learn a lot from it.
I am going to give you only one advice: start building your internet presence as soon as possible. I wish I would have started sooner myself. You mentioned that you are willing to work 70 hours a week. Allocate 20 hours a week developing your online presence. If you play your cards right in this regard, within a year you will be able to generate more business that you can handle. A lot of it is free or low cost, it just takes a lot of timeâ€¦However time is what you have when you just start, isnâ€™t it? Where to start to reach that goal? First make yourself knowledgeable. As mentioned previously, join Active Rain and a few groups (Online advertising, SEO, social marketingâ€¦). Focus on working with Google. Use all free tools your broker and MLS provide (websites, syndicationâ€¦). Post free online ads, blog on Trulia, Zillow, AR, Bloggerâ€¦etcâ€¦
Many of the Bank Owned listings will mention that if the buyer is an agent representing themselves the sellers will not pay commission to that agent. I personally don't think that that is appropriate as often times the selling agent ends up doing more work on the transaction then the listing agent does. At least that has been my experience thus far with REO transactions.
You can use the RPA-CA for a transaction such as this but you will need to disclose that you are representing yourself.
If you decide to have someone in your office represent you, which is what some brokerages require when buying or selling for yourself, I would write up a referral agreement between you and the agent that you have represent you. I would offer that agent some sort of compensation for doing it as it is their name associated with the transaction as the sellers agent.
If the listing doesn't specifically state that the seller will not pay commission to selling agent if they represent themselves I would ask the listing agent specifically how their seller would handle such a situation prior to writing any offer on the property.