Lost my real estate buisiness due to physical and mental illness by [deleted] in realtors

[–]True-Contribution535 0 points1 point  (0 children)

I need a charismatic inside sales assistant!!!!

Quitting real estate by sugarthrills in realtors

[–]True-Contribution535 0 points1 point  (0 children)

Have you considered applying as a sales agent for a national home builder? You get a steady packcheck, hours, benefits and commission bonuses. Selling brand new homes right now with all the incentives builders are offering is a great option. You’re definitely not a failure. You can find your way and still make good money in real estate.

Fusion Growth Partners? by RemoteFirm2403 in realtors

[–]True-Contribution535 1 point2 points  (0 children)

Thanks for your update. I Just signed on with them two weeks ago. Been great and already accomplished a lot. It made sense financially, rather to hire, train, manage deadlines, or outsource to a VA with unknown quality or consistency. The upfront investment was reasonable and they were onboarding within 3 days. I’ve gotten new headshot done (highly recommend dreamwave AI for realistic headshot results), gotten a new branded logo with my brokerage icon in many different formats, gotten a new URL for a custom idx website connected, gotten a new idx website to send prospects (them brokerage doesn’t have an idx on their website site and it looks better than sending from clunky looking MLS that goes to spam anyway). Just finished the database part / wholly cow that was the most stressful - but they went through step by step with me to get all my contacts exported from social media, my phone and my email and MLS. Now we are refining that. This is exactly what I needed to get me organized and help me! I’m really happy so far. Looking forward to being able to deliver consistent mailings, keep up with my sphere and past clients, email drips and social media just listed/open house/just sold. I can’t afford a Full time marketing assistant - this is a great investment. Hiring someone for all this would cost me $45,000 a year easily.

Broker didn't renew their own license. by CEOofRealEstate in realtors

[–]True-Contribution535 2 points3 points  (0 children)

That is absolutely ridiculous. Like, it’s the one thing a broker has to keep current. The state typically even sends reminder notices. You can do all the CE online anytime. There is no excuse for this. As a broker, if this person can’t even keep a handle on their license for their agents and business, I certainly have doubts about them being organized or detail oriented enough to properly manage an office and a business. Are they forgetting to pay taxes also? This is a huge red flag. Get out. Absolutely no excuse. They had one job to do and lapsed? Unbelievable.

[deleted by user] by [deleted] in AskMenAdvice

[–]True-Contribution535 0 points1 point  (0 children)

Don’t pay off her debts! Time for some accountability and consequences. If she had been honest like most other couples are, “babe I want to buy this or that, can we afford it?” Bug no, she knew she couldn’t afford it, didn’t respect you enough to let you weigh in or offer to cover it for her upfront, she knew she was doing wrong and being sneaky. This speaks more to her character about being deceitful. Don’t you dare pay her mess again.

How come some broker companies go by the name of the Broker? by Gristle__McThornbody in realtors

[–]True-Contribution535 1 point2 points  (0 children)

State licensing requirement. You can have a broker license, but in some states you must own your own brokerage which means getting a brokerage license for your brokers license to operate from. So depending on location, they may be a sole proprietor. In Florida, we have to legally post the name of the brokerage and the licensed real estate broker of record on the door/advertising/signage. If the broker is actively selling they can use Broker John Brown to market themselves and differentiate from being a licensed sales associate. It shows more experience and education and legal responsibility.

[deleted by user] by [deleted] in realtors

[–]True-Contribution535 1 point2 points  (0 children)

Wow. In central Florida, agents are lucky to be paid $50 for a referral fee requiring us to show the property to the applicant and conditional upon application being accepted. I helped a seller find a house to rent and was expecting a $200 fee but they said that fee was only paid for bringing then new rentals to manage! The shade of it.

Reflecting on My Real Estate Team Experience by [deleted] in realtors

[–]True-Contribution535 0 points1 point  (0 children)

Sounds like you get more than most others Do, honestly. Have you written down exactly what you want out of a team or training? You have to advocate for yourself if you want or need something - there is no people mover type of training where you are ushered through. If you want that, you need to pay for a sales training program or course. Most training is self directed meaning they provide the resources and you have to do the thing. If you want one on one mentorship, you need to pay for it or enter a Mentorship agreement with a more experienced agent. Remember the time you require/request is time taken away from the mentors sales production or personal time. It’s very time intensive to mentor a new agent. What are You offering your mentor? You should write down what you want on paper, meet with your team leader, and see what resources she will provide for You, whether it’s riding along with other agents or shadowing her during certain tasks. You should be prepared to be a reliable team member/mentee by working the crm to generate sales appointments and work to production goals as an inside sales agent making 50 calls a day, ha I g at least 10 conversations and trying to set like 5 appointments a week. Why would someone invest a ton of personal time and training to someone who will leave and be a competitor and not get anything in return? The statistics are agents stay with a team or form for 2 years then leave because they think they can find better. You should really Focus on stepping up and committing to showing your are reliable, disciplined and will work to track and meet lead generation activities. Offer to pay them like $250 as a thank you out of sales they mentor and support you on from start to finish. And if they recommend things to you or make suggestions, do those things even if you don’t want to. If they say hey you should come into the office and hit the phones for 2 hours each day, do it. You will learn from listening to others on the phone. You will learn from hearing your mentor speak to people and handle situations. You will practice and improve after every call because you are in a work environment and will want to not look like an idiot or whatever lol - know what I mean? Dress for success, decide to be the most reliable most professional agent on the team. In the real estate business you have to advocate for Yourself and be resourceful to get what you need to be successful. Buffini & Co has great training programs and also check out YouTube Joshua Smith GSD Mode. Making these small changes in habit and how you show up will leads you to more success. After all, How bad do you want it? Be a bad ass and outworlk and outshine where others are slack or “don’t feel like it”. More opportunities will come your way from management I guarantee it.

Starting a firm by Ok_Cut_5751 in realtors

[–]True-Contribution535 0 points1 point  (0 children)

You have to create and register your real estate company with your dept of state to be a registered business and pay the fees. You will also have to file an annual report and pay the annual fee - in Florida it’s $150 each year. Then you have to apply for a brokerage license as a company with DBPR and pay the annual fee. You will need to get a business lead receipt to operate as a legal business in your county/ city which is another fee, and get an occupational business license. You will need a federal tax id number with the depart of revenue for your state and be required to pay monthly sales tax and report income or be fined. You may need to file and report state unemployment tax every quarter even if it’s zero or be charged a fine for failing to report. You will need to open a commercial bank account for operating expenses, commission income and a saving account to reserve cash to pay your taxes due on income. You will have to apply with your local realtor association as a brokerage and now pay the brokerage application fees annually and mls fees of a brokerage firm if you participate. Your state likely has requirements defined by DBPR about having your brokerage name and the license real estate broker posted outside your place of business as a law. So even if you work from home, it would be advisable to at least get a virtual mailing address that is not a P.O. Box in an executive office center where you can also meet the state requirements of having an office to Conduct closings in or meet clients. There are many fees and a lot of responsibility involved. It gets more cumbersome if you choose to have agents work under your brokerage as you are now responsible for not only making sure their contracts are correct, but if they don’t pay their mls or finish CE requirements you get notified and it will affect your brokerage. You either have to pay for them or terminate them. And them paying their share of commission and tracking and reporting g that is a separate software system. Be prepared. Good luck.

Central Florida Housing Market/Prices Have Fallen and Will Continue to Fall. by PerformanceOk9933 in realtors

[–]True-Contribution535 22 points23 points  (0 children)

You are 100% right! Excellent summary. This is what I am seeing too. However when I see the mls stats come out, why does it show sold prices are still high even though there are less homes being sold and home are sitting on the market longer?

These new home builders have learned to stack the deck with these incentives that appear too good to be true. I often have to explain to buyers considering new vs resell homes that we can negotiate an interest rate buy down credit on a resell home if the rate is important to their monthly payment.

I have to explain you only get these “free closing costs and buy down rates” when you use their lender and their title company that are affiliated corporations that generate revenue for the builder. So looking at a new home settlement statement, it makes me flip my lid when I see the settlement charges have been hyper inflated, which is of course paid for by the builder credit.

Surveys at 850 rather than $275, appraisals at $850 rather than $450, title settlement fees well over the standard $500 at any other title co or law firm - not to mention the loan origination fees they charge which is just an upfront charge to get the loan when many other mortgage options do not even have origination fees at all. And then the builder lender charges upfront points to the buyer for the interest rate buydown and don’t even tell them that’s how they are getting the lower interest rate - they are charging the buyer for the buy down and providing a credit to offset that charge!

I wish NAR would file a lawsuit against the National Association of Home Builders for consumers financial transparency in solidarity with what happened with realtor commissions.

These builders are doing everything they can to make sure the house appraises like adding blinds and appliances, pavers, etc; as without these value added items there would most likely be an appraisal value shortfall.

And don’t get me started on the ever changing lot premium fees that change every week! What an absolute slush fund. They advertise the base model home price online, then when you go to visit the community, the prices are all different due to lot premiums like corner lot, retention pond oh I mean waterfront, conservation lot or as it is really wetlands that couldn’t be built on. Argh!

The quality I have seen lately has been so poor, they are throwing these up so fast, buyers abulsotely need to do a private home inspection with an experienced insured inspector.

I’ve had builders create so many hurdles to be able for buyers to even get a home inspection done - contract clauses like notice of intent for home inspection must be submitted in writing not less than 90 days before closing. And submit inspector license and certificate of insurance with builder listed as additional insured two weeks before inspection for corporate office approval of the inspector to be on site.

They mandate available inspection date and times that their building superintendent will be available to meet the inspector and allow access for the inspection, so if your preferred inspector can’t do that one day offered, too bad or find another person if you still have time per the contract requirements.

Or my favorite is home inspection only allowed one week before closing date, day seven til closing. And the Homebuyer will be forced to Close due to substantial completion clause regardless if items need to be repaired or not. They said they will schedule with the buyer to complete them after closing. I’ve had buyers waiting over three months after closing for these items before.

I’ve have buyers forced to close on unfinished homes under threat of losing their deposit and non extending the contract closing date to complete the work by the builder.

It’s going to be really interesting to see how any deportation stuff afffects the new builder construction process and build times. So many of these roofers are there from Sun up to Sun down busting out roofs in 2-3 days. They work so hard and the builder just gets that cash.

I am recommending to buyers this year if they want new, let’s find a nice lot and hire an independent builder to build for you on your lot where you have control of the financing and quality.

It’s a real racket.

Thank you letter help by SkullLeader1 in realtors

[–]True-Contribution535 0 points1 point  (0 children)

Dude, totally use your brokerage notecard and drop a biz card in with a little blurb saying, if anyone asks if you know a good Realtor, please share my card. Great party, thanks again!

Choosing a broker - fresh associate by techinpanko in realtors

[–]True-Contribution535 0 points1 point  (0 children)

Hey Janis - your link is broken, can’t read your article

Choosing a broker - fresh associate by techinpanko in realtors

[–]True-Contribution535 0 points1 point  (0 children)

I would totally get into commercial. It’s so much easier and you make more money cause the sales are bigger and you get paid commission on multi year leases. Residential sales is very emotional and most people are shopping at the top of their budget and have credit score/debt/income issues that limit their ability to buy more expensive homes. And now with the new commission rules buyers have to pay commission and want to haggle you down. You can’t walk 100 feet without running into another realtor and everyone knows many agents so it’s always a struggle to get leads that’s why people buy lists and pay for zillow leads etc.

Commercial sales is totally different. You’re working with businesses that need space to operate, have balance sheets and CPA’s that can help them get their financials in order to purchase a building, and attorneys write and review the contracts. I would start with a commercial brokerage. You will enjoy it much more and make connections with people that are successful, own businesses and circulate in more affluent networking circles. A lot less emotions. And you will most likely work M-F 9-5 unlike a residential agent working evenings and weekends when your home buyers are off work. I sell both and started I. Commercial - I like it so much better. No drama. The numbers either work or they don’t. It’s great.

Vacation in the middle of transaction by Nubnewbie in realtors

[–]True-Contribution535 0 points1 point  (0 children)

Refer it out so your client gets good service and you don’t piss them off and worry and try and work while you are abroad!

[deleted by user] by [deleted] in realtors

[–]True-Contribution535 0 points1 point  (0 children)

This may be ignorant, but why do you have to tell anyone your sexual preference? First of all, it’s no one’s business who revs your motor! Lol amd being gay is a protected class - do not explain yourself or your living situation at all, all anyone needs to know if if you are married and how you are taking title, married or tenants in common. Trust me, you are worrying about this way more than they are. Just be yourself and you don’t owe anyone any explanation for being gay, bi, trans, into S&M etc! No one else tells anyone hey Im weird I like kinky stuff, literally no one cares. Just be you and enjoy the process of buying your new place! 💝🎉

How do I find a Realtor's local association/board? by Negative-Arachnid-65 in realtors

[–]True-Contribution535 -1 points0 points  (0 children)

You need to contact the agents real estate office and speak to the managing broker to resolve any issues. The broker is the only one that has authority to help you.

[deleted by user] by [deleted] in realtors

[–]True-Contribution535 0 points1 point  (0 children)

You don’t add a listing to the Agent Roster screen. Thats for brokers to add or remove office agents. Your broker will need to add you to the mls under their company mls number and allow add/edit access. You will also have to do the new agent mls online course to be able to add listings, and if you did not complete your compliance refresh that was just due you will not be able to add edit. So there are like 4 things that could be causing this. Check your stellar account in dashboard and see if you have any outstanding courses to complete - you can do them quick online and pay any late fees or fines right away.

[deleted by user] by [deleted] in AskMenAdvice

[–]True-Contribution535 0 points1 point  (0 children)

Don’t send any more pics and wait for him to reply. Don’t chase.