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Now, the one thing that stands out to me, in these ads, is the fact that they don't say "experience required" or "only full time professional Realtors need apply" or how about this one "not for the faint of heart". I'm sure they don't mention these things because experience is NOT required. I'm sure they don't care if you fail or if you succeed. The deal is, hire as many REALTORS as you can, from all over the State, and if they close some deals we'll get our $395, if not, so what. Now, from a strictly monetary point of view, I guess this is a pretty good strategy. The fee is very enticing and you could probably get 100s of REALTORS to hang their license with you. Hey, if they can close 100 deals a month, the broker would "magically" make $40,000 a month, just for making their license available. Pretty good plan.
But of course, the one that suffers is the consumer. All these NOs, they advertise, also mean NO training and NO supervision. You are on your own. It's strictly a numbers game and its very scary. I have a Florida's Broker's licenseand could very well do this. But you know I take my job as a REALTOR very serious and couldn't even imagine sending untrained and unsupervised REALTORS out on the public. Plus, my license is very valuable to me. If I want to make $40,000 a month, personally, I prefer to work for it.
The State of Florida placed this little law into effect on July 1, 2006.
(1) The commission may deny an application for licensure, registration, or permit, or renewal thereof; may place a licensee, registrant, or permittee on probation; may suspend a license, registration, or permit for a period not exceeding 10 years; may revoke a license, registration, or permit; may impose an administrative fine not to exceed $5,000 for each count or separate offense; and may issue a reprimand, and any or all of the foregoing, if it finds that the licensee, registrant, permittee, or applicant:
u) Has failed, if a broker, to direct, control, or manage a broker associate or sales associate employed by such broker. A rebuttable presumption exists that a broker associate or sales associate is employed by a broker if the records of the department establish that the broker associate or sales associate is registered with that broker. A record of licensure which is certified or authenticated in such form as to be admissible in evidence under the laws of the state is admissible as prima facie evidence of such registration.
So, with that in mind, I think I'll keep working for my money. This is definitely a case where a short term reward could cause you to be put out of business, permanently. If I'm doing my math correctly, I can hire a handful of associates and train them properly, hoping they close about 10 deals a month between them and make quite a bit more than hiring a massive quantity of untrained REALTORS and hope they close 100 deals. Much less risk and the possibility of a higher reward. Oh that's right, I forgot, my plan would require work. Wouldn't want to have to do that, now would we? What say you?
DISCLAIMER: These are not ads for major franchises. These are ads for mom and pop "rent a broker" agencies.
Do NOT be foreclosed on! Avoid foreclosure. Short Sales DO close.
Tutas Towne Realty, Inc handles Florida real estate sales, Florida short sales, Florida strategic short sales, Florida pre-foreclosure sales, Florida foreclosures in Kissimmee Florida Short Sales, Davenport Florida Short Sales, Haines City Florida Short Sales, Poinciana Florida Short Sales, Solivita Florida Short Sales, Orlando Florida Short Sales, Celebration Florida Short Sales, Winderemere Florida Short Sales. Serving all of Polk, Osceola and Orange Counties Florida. Florida Short Sale Broker. Short Sale Florida.
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.