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This is the place to view the past and present contests put on by ActiveRain and its members. Everyone can join the
group and help encourage each other. Current contest will be highlighted posts so it's easy for you all to see. Let it
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AR's community takes the time to leave honest and transparent reviews of their experiences
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Each month AR runs numerous contests as a way for our members to engage in activities
that will boost their business and increase their visibility in the community and beyond.
Earn points by partaking in these contest and climb the leaderboard
Do what's good for you and your business by participating
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Ask a Real Estate Question
Here's another avenue for you to build relationships with others. Share your expertise with someone searching for answers.
Play the teacher role and help someone out today
Your Homepage will alert you of new questions in your state
A wonderful way to open a door to a possible new client
Ask a question yourself to get help
These state pages or hyper-local pages provide content directly related to a specific geographical location.
State, County, City and Neighborhood pages make it easy for consumers to find what they're looking for.
Post your listings, school information, local events, market reports and more
Consumers peruse these pages for information
Farm your niche market and cover all the happenings in your neighborhood
It kills me to see real estate agents or anyone else for that matter getting beat up about their compensation plan. All this talk about the commission structure being antiquated and in need of revision is insulting. All this talk about how the Internet has changed the game and given the consumer more control over the process, hence agents should be charging less is intriguing but definitely requires closer review, rather than a quick flapping of the lips.
To say that ALL agents are worth the full commission would be a lie, but it is also a lie to say that every doctor, lawyer, or mortgage professional is worth their industries average fees. I don't see this as an industry issue but more of an agent issue. The question isn't whether or not real estate commission rate are too high, the question should be, "Where can I find an agent who is worth the money and how will I know?"
Listing agents Good listing agents are worth their weight in Gold! I think it is far more difficult to be a great listing agent than a great buyers agent because, at least in today's market, it is easier to find a home than to find a buyer. Above average listing agents need to be; 1. A marketing geniuses, both online and offline, 2. An expert in staging, 3. An expert in negotiating and 4. They need to be experts in the markets they serve so they can price the home correctly in order to balance the sellers financial and timeline needs.
The best testimonial a listing agent can get is, "They sold our house fast and at full price!"
Buyer's agents It costs money to deliver the best home search technology to their buyers. A good buyer's agent, someone who is definitely worth the commission, must provide a buyer with at least these three components; 1. Access to technology to help the buyer find the right home, (idx broker reciprocity mls site) 2. Superior negotiating skills and 3. Superior knowledge of marketplace. (i.e. city, neighborhood, schools, etc)
The best testimonial a buyers agent can get is, "The found exactly the home we were looking for and got the sellers to drop the price!"
It is critical that every agent be able to answer the question, "What is my competitive advantage in the marketplace?" or "What do I do as a listing agent or buyer's agent for my clients that totally justifies my compensation?" When you can answer this question in a way that is relevant to a home buyer or seller, compensation will never be an issue.
At the end of the day one of the best ways for any agent to prove their value in their market place is with agent recommendations/testimonials. I'll be the first to admit that I hate asking for testimonials, even when I know I have exceeded expectations, so before anyone goes off on me about how this is an unfair measure of value because not every agent is comfortable asking for them, let it be known that I am not saying it is easy. Agentopolis tries to help address this concern by being online and making it easy for agents to simply email their past clients with a link and a simple request, versus having to call each one and ask. (Although the top agents tell me that this call for a testimonial is where they generate a number of their referrals)
Threats by Refin, Zillow and others to change the Realtor profession into that of a hourly wage factory worker makes great news stories but I for one don't think it will create a wholesale change in the industry. The bottom line is that the Internet is changing the way people buy and sell homes but the fact is that the Human Side of Real Estate is not going away anytime soon. People will continue to do business face to face with people they like and trust so my advice to consumers is find a great agent to help you buy or sell your next home and be glad you are only paying 6 or 7%.
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.