Real Estate Broker

LINK

real estate broker = glorified tour guides

Realtors want you to think they are an expert about every part of the process.

In reality, they take you to houses you are interested in, & then they just begin to get in the way while people who are actually vital to the process of you purchasing your home are busy trying to tell them what's really going on.

Seriously, deprogramming potential homebuyers after realtors have spent a week and sometimes more filling their head with all sorts of bullsh!t is the biggest thing I dealt with.

"No, there's no such thing as buying a house without an appraisal. Unless you can pay in cash, in which case, why am I here again?"

"No...You do NOT have to choose the title company, appraisal service, home inspection and home/hazard insurance provider your realtor mentions. She's breaking the law saying anything different."

quote:

---

In reality, they take you to houses you are interested in, & then they just begin to get in the way while people who are actually vital to the process of you purchasing your home are busy trying to tell them what's really going on.

---

As with anything in business/investment, if you don't do your homework, you are a fool. If you do your homework, there is no excuse outside of fraud for you to purchase/fund a poor product. Realtors providing little service while sapping off a 6% transaction fee would categorically rate as a poor product.

If a realtor gives a buyer that kind of miserable service during a major investment, why in hell would the buyer not walk?


Anyway FWIW, the realtors I've dealt with don't fit your script at all, but they also weren't in the afore mentioned $30K/yr income category either.

Tigah: you did a good job of screening your realtors then. There are good realtors and they make a good living doing it. The flip side is its a time consuming 100% commision job that can take 6months-1year to start earning a good income

If you are flexible with agents you can pluck some top performers. Most brokers have too many in house rules about office hours, answering the phone etc.
If you will grant flexibility to a performer - you can interest them- share the wealth,

Someone very close to me owns a real estate company and I have a feeling they would sell it to me when they are ready to retire. He does pretty well with this business. Real Estate seems to interest me and I have a tolerance for dealing with women and their petty bs.

I appreciate the feedback

Lemme tell you one thing about the realty business.

Most realtors HATE taking duty calls at the Agency on a Saturday. Ab. Sa. Loute. Ly. HATE. IT.

Those are the realtors that you don't want to EVER consider hiring or working with.

Realtors that hate taking duty calls that don't possess a book of consistent business or the ability to pay for enough advertising that they aren't required to take those duty calls on Saturday's are the types that will cut & run in order to find the best deal & a mortgage broker whose most willing to take the least amount of money for their deals. I don't really like those either, though I'm personal friends with a few & those benefitted me.

Mostly, I want someone who will BEAT THE PHONES UP RELENTLESSLY. I learned very, very early on that the key to any commission based job was to find your profit partners.

Profit partners are people that are going to treat EVERY SINGLE CALL like its a Jumbo/Alt-A/I'm-looking-for-a-million-dollar-home-in-CCLA type of person.

They are rare. VERY rare. But you find them when they are new, & you cultivate that relationship as well as their thought process, and it'll pay off like a tithe to the Church.

Seriously...Find the ones that treat their job seriously and are relentless. The ones that WANT the Saturday mornings taking calls from people calling off ads or out of the phonebook.

I would go and sit with them & bring my laptop with my program sheets & plug into their internet so I could run their scenarios with them in real time as they took the calls. They had an idea about loan amounts and potential listings to show those folks before they ever left (they also had a full belly as I usually brought breakfast).

Those are people who are motivated by success and who have an ethic to match from a work-standpoint.

Those are people YOU want to hook up with and work with. From a personal standpoint, they kept me motivated to work hard and I have always wanted to surround myself with success in a professional environment.

If you are NOT that same type of person, finding one of those people will probably end up profitable for you in the short-run, & then you'll get ditched when they go out and seek people that can keep up with them who are motivated to work hard and smart.

Just my $0.02 on the matter...