When I first got my real estate license several years ago, I set out to interview lots of brokerages. The first one that I went to was one of the BIG companies (who shall remain nameless) said they would allow me to start part-time (which back then, many brokerages did not want part-time Realtors) and progress into full-time once I got my feet under me. I asked about the split, and it was pretty high and had no "cap" - but they assured me that they would train me and that their value and brand was worth the high dollar amount I would be giving up. They assured me they would send me leads, too, I just had to pay $100 to be on their company website. Then they showed me the shiny flat screen TVs on the walls, brand new computers, the fancy conference room, the high tech features of the office - and not only that, I would have my very own cubicle with a phone, and they would buy my first set of business cards for me. They even said they would send out Just Listed and Just Sold postcards for me, for free. I was sold, and did not proceed to interview anywhere else.
A few weeks into my real estate career, my cell phone rang and it was a local newspaper, wanting some stats for a piece they were doing on the market. Omigosh, I thought! I will be in the paper! This would be huge for my budding career. I told the reporter I would gather some stats and call her back. I quickly phoned my broker and asked her for some office sales stats (since I didn't have my own yet) and told her excitedly that we were going to be in the paper. Surely, she would be thrilled too, to have the brokerage highlighted. Instead she said, give me that reporters name and number and I'll call her back. Reluctantly, I gave it to her, and she apparently called the reporter and told her to call the board of Realtors if she wanted stats. What?! First red flag.
As a newbie, I was full of questions - I didn't want to do something wrong and end up getting sued. I'd ask the broker, and she'd give me an answer, almost in an angry way, as if I was a bother to have asked. And half the time I really didn't have a clear understanding of what I needed to do after speaking with her, she was so vague. I don't think she really knew what to tell me. Huh?! Second red flag.
Not wanting to tick off my broker any further, I'd ask other agents in my office questions but they would give me either two word answers or no answers at all, not wanting to give away their success secrets. It felt very dog-eat-dog. Meanwhile, as the young "kid" in the office, all the seasoned agents would come to me with tech questions, expecting answers but none would help me in return. One lone Realtor took me under her wing and helped me out and even went on my first listing appointment with me. She was a top producer and quit the business soon after that when the market started to decline. Apparently she wasn't getting enough training either on how to move with the market. Oh no! Third red flag.
Not long after that, I had my first listing. The market was starting to decline and my Sellers home was no longer worth what he owed on it, and he had to move up north to be with a sick relative. He asked me to short sale his home. At that time, short sales were starting to become a lot more common, and I had no idea how to do one, but I said sure, I will figure it out. I went back to my broker, and she said, "Sorry, we don't do short sales here. You will have to cancel the listing and charge the Seller a $500 cancellation fee." Excuse me?! Fourth red flag.
Finally, I decided I could take it no more. I had 4 listings by that point, and I knew my broker would not let me take them with me to a new brokerage, but I felt I had to do what I had to do. I called Keller Williams Realty - I had seen their big red sign on a major road nearby and always wondered about the company. They didn't do TV advertising, and they hadn't been around as long as Re/Max or Century 21, but yet I saw red Keller Williams signs in front of a lot of homes. So I made the call and met the Team Leader for lunch at Chili's. She explained to me that Keller Williams was different - and I would know it as soon as I stepped into the building. After she explained to me how the KW commission structure was different, that KW has a profit sharing program, and best of all, how the KW culture was like a family, I decided to check it out. Still skeptical, I went back to the KW office and immediately felt a different vibe. All the Realtors were either working in offices with their doors OPEN, or busily working in the office and chatting with one another, rather than behind a closed office door. I could hear them trading stories and questions about their business with other Realtors, some getting advice about a listing, or helping another use the scanner. They welcomed me with smiles and words of encouragement and told me I would love it there. And I do.
What about my 4 listings? Well my new Team Leader said she would see what she could do. She phoned my old broker to tell her I was coming to Keller Williams and asked if they could work something out with the listings - after all 1 of them was going to be a short sale and 2 of them were overpriced, only 1 other one had any possibility of selling in the near future. So the old broker agreed to a referral fee if the listings sold during the original listing period. I was very happy to be able to keep the listings so I had something to advertise and hopefully at least get some buyers, although at that point, I would have come to Keller Williams with or without my listings.
Though the KW office was high tech also and had a beautiful lobby and nice conference rooms, they didn't give me a free cubicle (although there was an Agent Resource Room with open desks, computers, phones, etc.), and they gave me only temporary business cards - the shiny nice ones I would have to order myself. No free signs or lockboxes - they told me it was my business and I would have the expense of these items. But this time I didn't mind that I wasn't getting a lot of "little" items for free. I could handle a lockbox here and sign there if I had listings. The value of being at KW went beyond those little business expenses that I could really handle on my own. They weren't going to hold my hand and baby me, they were going to help me build my business in a proven way.
If I asked the KW broker a question, she answered me pleasantly and clearly, and thanked me for asking. WOW. And KW didn't promise me leads - but told me they would teach me how to find leads myself. We've all heard the expression - Give a man a fish, he'll eat for a day. Teach a man to fish, and he'll eat for a lifetime... Well its true. And that they did. There were even "Realtor Panels" where the top producing agents would share with the rookies how they did it. Wait - you mean they aren't scared to tell me their secrets? Wow. After all, KW is a profit sharing company, so it benefits us all when our agents succeed. I started attending the many classes offered at KW, and learned quickly how to lead generate. As my career progressed at KW, I rented an office because I loved being able to walk out of my office if I had an issue come up or a question, and I could poke my head into another agent's office down the hall and ask them. No one minded, in fact, they were happy to help. How cool. I really do love this place, I've been here 3 years now.
Most recently, I've become a Training Director at the Keller Williams Realty in Tampa, and I still sell real estate as well. Now I'm helping teach Realtors, newbies and top producers alike - because your education never stops. And the agents teach me new things everyday too! I learned an expression at a recent KW seminar called BOLD - "Do what you've always done, and you'll get what you've always gotten". How true. I love that Keller Williams continues to push and encourage me in my business to take it to the next level - they've helped me adjust my mindset. From using the techniques I learned at that seminar, I got $1.57 Million in new listings in 2 weeks. Tell me KW isn't different?!
Come attend a class at KW and observe the difference here for yourself. Don't live in Florida? Let me know, and I'll put you in touch with your local Keller Williams so you can check out a class or two. Check out our Tampa Realtor Class Schedule and drop me an email if you want to attend - I'll even give you a tour. You're going to love it here too.
Mark Willis, CEO, announced today during his state of the company address that Keller Williams is ranked highest by J.D. Powers and Associates for highest overall satisfaction among home buyers for two years in a row! This is proof positive that Keller Williams continues to outperform the industry.
“Keller Williams is rising to No.1! The longer the downturn lasts, the stronger Keller Williams emerges. Year to date, NAR’s membership has dropped by about 10 percent, while Keller Williams agent count has incresed by 2 percent,” said Willis.
Why is it Keller Williams continues to power ahead in gaining its “unfair share of the market?” States Willis, “Unified training, unified leaders, a unified culture, and a unified economic model.”
Contact me today and work with an experienced Keller Williams Realtor in Tampa Bay!
This scam is REAL. It's happened to me with a couple of my former rental listings that already have tenants. Please do not refer to Craigslist and other real estate websites for rental homes. Call a licensed Tampa Realtor - most will not charge you any fees to help you find a home.
We have recently received a number of complaints regarding an internet rental scam that has been taking place across the country and is now affecting our area as well. Scammers are copying information from legitimate online rental ads and then posting that information on Craig's List for a reduced price with their contact information in place of the property managers. The scammers are often operating outside the country but many cases have also involved local scammers who are able to meet potential tenants in person. In international cases, the potential tenants are usually required to send the deposit and first month's rent through Western Union and are promised that the keys will then be over-nighted to them. In one situation the unsuspecting tenant was actually able to move into an apartment without the knowledge of the legitimate rental company. The legitimate rental company was only alerted to the problem when the new tenant called to request that the "For Rent" sign be removed from their front yard.
The FBI has received numerous complaints about this type of scam but the local Norfolk office explained that this type of crime is low on their list of investigative priorities. The best thing you can do if one of your properties gets caught in this scam is to visit www.IC3.gov and report the crime. The Internet Crime Complaint Center (IC3) is a partnership between the Federal Bureau of Investigation (FBI), the National White Collar Crime Center (NW3C), and the Bureau of Justice Assistance (BJA). IC3's mission is to serve as a vehicle to receive, develop, and refer criminal complaints regarding the rapidly expanding arena of cyber crime. If you encounter a potential tenant who has been scammed and made the mistake of providing sensitive personal information such as their social security number, it is highly recommended that they go ahead and put a freeze on their credit. Virginia recently passed a law which helps to make the credit freeze process even easier.
Keller Williams Realty has just teamed up with ListHub, an asset management network. What does this mean to you, the Tampa Bay homeowner who needs to sell? The ListHub network gives Keller Williams agents the ability to enter a listing into the MLS, and then it syndicates automatically through ListHubs network to over 125 home search websites on the internet. Put simply, additional exposure usually results in additional showings, which can bring additional offers on your home. Keller Williams agents also have a Realtor.com premium package, which means we can put up to 25 photos of your home on Realtor.com, as well as enhancements on your listing. Statistics show that enhanced Realtor.com listings get more clicks than non-enhanced.
So why list your home with any other real estate company? It's also important to choose a Realtor who has a working knowledge of the internet, social networking, and some decent photography skills to bring your home top exposure on the web. Contact me today for a free market analysis to find out what your Tampa home is worth!
I cannot tell you how many times I hear from tenants who call me looking for a new home because they are tired of renting and I hear this story, "I was renting a home and got served with a foreclosure notice! Now what? Do I have to move? Can I stop paying rent if the landlord isn't paying the mortgage?"
First and foremost, don't stop paying your rent if you are in a lease, as this could backfire on you and cause a failure to pay rent notice to hit, and damage your credit, causing you to be unable to purchase a home. If you find yourself in this situation, it is best to consult a real estate attorney. Fortunately there are some new tenant rights that have just come into play which may help protect tenants who've just been served, and give them at least a little more time to find another suitable place to live.
On May 20, 2009, the "Helping Families Save Their Homes Act of 2009," P.L. 111-22, was signed into law. Included in this act are provisions to protect to tenants faced with eviction if their rented property goes through foreclosure. The tenant protection provisions apply for any foreclosure on a "federally-related mortgage loan," or on any dwelling or residential real property.
Under this law, tenants must receive notice at least 90 days before eviction. Additionally, tenants must be able to stay in the residence until the end of their lease, with two exceptions: (1) where the property is sold after foreclosure to a purchaser who will occupy the property as their primary residence, and, (2) where there is no lease (or where the lease is terminable at will under state law). However, even when these exceptions apply, tenants must still receive 90 days' notice before they may be evicted. Read more here about these new provisions.
Today, a non-real estate blog post. It's that time of year again. The Light The Night Walk is The Leukemia & Lymphoma Society's evening walk and fundraising event. It is the nation's night to pay tribute and bring hope to thousands of people battling blood cancers and to commemorate loved ones lost.
The picture you see here is me in 2001, when I was undergoing Chemotherapy for Stage 3 Hodgkin's Lymphoma, surrounded by my family. After chemo, I did 5 weeks of intense radiation as well before the doctors told me I had gone into remission. 8 years later, here I am, happy and healthy and celebrating being considered "cured" by my doctors.
About 3 years ago, I was mentoring a Hodgkins Lymphoma patient named Megan. We talked about life after cancer, about how we would adopt children if we couldn't have our own due to our treatments, and about how cancer changes your outlook on life. She was a mere 20 years old and had exactly the type that I had, in exactly the same place, and we really related to each other because of that. We nearly had the exact same course of treatments too. She past away after her cancer returned and her body could not fight it anymore. I was dumbfounded that our illnesses were virtually the same, our treatments virtually the same, but I survived and she did not. So I'm dedicating my walk this year to Megan, and to those still battling cancer.
Everyone knows someone who has battled cancer, regardless of the outcome, and we all know how badly research and new treatments are still needed. Please join me in supporting this cause. I would love it if you could help me by donating any small amount - even $5 helps, or you can sign up to walk on our Team! All you have to do as a walker is raise a minimum of $25. This is an evening walk that takes place in downtown Tampa on November 7th, its about 2-3 miles and walkers carry baloons with lights inside them - white for patients and survivors, and red for supporters.
The Leukemia & Lymphoma Society (LLS) funds lifesaving research that has contributed to major advances in the treatment of blood cancers and treatments for other types of cancer, such as chemotherapy and stem cell transplants. These treatments have helped patients live better, longer lives. New targeted therapies that kill cancer cells without harming normal tissue are providing drugs and procedures that are improving quality of life.
A donation of $25 provides patients and their loved ones with FREE booklets that contain up-to-date information on their disease and help them make informed decisions about their treatment options.
A donation of $50 makes possible a Family Support group with a trained facilitator where comfort can be found and experiences can be shared among patients and family members.
A donation of $100 helps supply laboratory researchers with supplies and materials critical to carrying out their search for cures.
A donation of $1,000 makes possible one- on-one conversations with health care specialists who provide patients with information about their disease, treatment options, and helps prepare them with questions for their health care team.
Please make a donation to support my participation in the Light The Night Walk and help save lives. Be sure to check my Web site frequently to see my progress, and thanks for your support!
In reading this blog, I have to agree! There are a lot of people out there that think they can do this, and I have a few words for you - if everyone could do this, wouldn't they? You are part of the problem, not the solution!
Recently I received a telephone call from a Realtor from another state. He introduced himself, told me he had found me through Active Rain, and knew so and so, and so and so - yada, yada......
After we had finished with our introductions, he told me he had a client that had a home in Mesa, Arizona, and they wanted to find someone to list it for them. As I began to question him on the circumstances of the sale, he said that the sellers just “needed” it listed. I prodded him further asking if they had taken out a second and if they were upside down. He said, "yes," and basically needed it listed in order to complete their purchase of a home through him.
He further went on to tell me that they didn’t really care whether they sold it or not, and he didn’t need a referral fee. Sound fishy? Yep, to me it did – and it was.
I told him this: “they are buying another home and bailing on this one,” aren't they? He hemmed and hawed, and pretty much acknowledged this to be true - actually he "thought" it "might" be the case, but “he didn’t know for sure.”
I told him that it is mortgage fraud knowing when you purchase one home that you are walking away from the other one!! You see, I have very strong feelings about this type of mind set. (See my previous post written in June 2008 on the Buy and Bail phenomena.) NO WONDER we are in such dire straits in America!! Guess who picks up the tab? US!!! People don’t think twice about their obligations to keep their promises – AND – this agent had never heard of the Buy and Bail scheme. Maybe yes, maybe no!! Hopefully all Realtors are aware of this egregious behavior and DO not assist buyers/sellers with transactions of this type.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.