The REO Niche has Been a Blessing; or...Help Wanted - Buyer's Agent

By
Real Estate Agent with Mason Real Estate CA BRE 01444168

As an REO Listing Agent and REALTOR inn the Hemet San Jacinto Valley, who got in early I can say that my life has been blessed.  Not only have I sold more houses than I ever thought possible but I have gotten to know some really spectacular people.

The business has been so good to me that I have outgrown the traditional business model of a traditional real estate office and forced to re-invent myself and the way I look at this business. 

I found a Virtual Broker that truly does pay 100% commission after a small annual fee of approximately $3,000 a year - which includes E&O Insurance.  Allison James Estates & Homes is much more than a rent-a-broker; they are a virtual broker - still providing me with access to the same tools I would expect from a traditional broker - only I don't have to pay for expensive overhead.

This concept has allowed me to take the traditional broker fee, the franchise fee and all of the other garbage nickel and dimes I was forced to pay and re-invest these monies directly into my business - which has really allowed me to do so much more.

For one thing, instead of struggling with a desk top all-in-one printer that I seemed to chew up with the volume of copies and scans I was performing on a daily basis and move up to a really hot Kyocera floor model that is the envy of most professional offices I have ever worked in.

I have also been able to allocate funds to hire professionals to take care of some of my basic and time consuming internet tasks - like my totally revamped website at www.JohnOcchi.com.  Not that the job is done, but it sure looks a lot sweeter than the former versions.  Already my visitors are staying more than 3 times longer and visiting more than twice as many pages (even though I only have about a third of the pages I had before).

The biggest bonus of working independently is propelling my business to open a bona-fide branch office in a very new retail center - right next to Starbucks! (and yes I am a certified coffeeaholic as well as my other weakness in life - chocolate.)  The real sweetness to this location is that I am the ONLY REAL ESTATE OFFICE IN THE ENTIRE ZIP CODE!  On top of that, about 80% of the new homes in San Jacinto are all in this zip code and this where my team and I have been selling most of our real estate.

This brings me to the point where I am now looking for experienced real estate agents to join the Excellence in Real Estate Team as Buyers agents with lots of leads coming in from the Internet, my call capture system as well as the new walk-in potential for being in the hottest location in the valley for a real estate office.

The Excellent in Real Estate Team generates quality leads every day and perhaps the best opportunity in the valley to write new business.  Since our agents are all 100% commission with the broker, all the team asks for is a reasonable referral fee for the business the team generates.  Any personal business is between the agent and the broker - having nothing to do with team.

Did I mention that I have re-invented myself and the way real estate business is done?

John Occhi
The Excellence in Real Estate Team
Allison James Estate & Homes
2281 W. Esplanade Ave., #102-B
San Jacinto, CA 92582
92582

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Until Next Time, Have a Blessed Day,

John Occhi, ePRO, REALTOR®
DRE Lic No: 01444168


ePro,John Occhi,www.johnocchi.com,realtor      Certified Probate Real Estate Specialist Logo Awarded to John OcchiFive Star Logo,Certification,REO,Five Star Institute     

Excellence in Real Estate,Team Log,John Occhi,www.johnocchi.com,hemet,san jacinto,CA  

This blog and the contents written here is the intellectual property of John Occhi, Temecula - Murrieta, CA REALTOR® in the South West Riverside County region of the Inland Empire of Southern California.  The views and opinions expressed are just that - views and opinions of John Occhi and those who comment.  Please note that I am not an attorney or a tax professional and any time I discuss either topic, I suggest you consult with the proper professional for relevant assistance. 


I am proud to be a full time REALTOR® who is proud to be a contributing member of the ActiveRain community.

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Comments (7)

Konnie Mac McCarthy
MacNificent Properties, LLC - Cobb Island, MD
Broker/Owner - VA & MD "Time To Get A Move On!"

Hi John..oh how I wished I lived in CA... :) :)  I am doing REO listings...of course not at the volume that you are...but I feel blessed also..I follow your posts here and on Facebook..they say if you want to learn......watch someone that is doing what you want to do :) :)  Good for you... :) Glad to hear you are doing well. 

May 25, 2009 07:17 AM
Edith Schreiber
Luxury Homes, Move Up Buyers, 1st Time Homebuyers, New Construction - Frisco, TX
Dallas Area Real Estate

Hi John!

Loved your post - sounds like everything is falling into place for you!

I do wish I lived in California - your business model sounds like a dream come true, and I LOVE working with Buyers!

Keep up the great work - I will be watching your posts to see how things progress for you!

Keep me in mind if any of your CA folks decide to make a move to the Lone Star State! :0)

Edith Schreiber -Dallas, Texas 

 

May 25, 2009 07:43 AM
John Occhi
Mason Real Estate - Temecula, CA
SRES,CPRES.ePRO - Temecula-Murrieta CA Real Estate

Konnie,

Thaks for the kind words.  For me sharing what I know is all about reaffirming that I know what I know and that I'm not BS'ing myself or anyone else. You know what they say, the proof is in the pudding.

John 

May 25, 2009 07:47 AM
John Occhi
Mason Real Estate - Temecula, CA
SRES,CPRES.ePRO - Temecula-Murrieta CA Real Estate

Edith,

Thank you also for the kind words - and yes, for the most part it does seem as if everything has fallen in place - but it has been a lot of hard work and surrounding myself with some incredible people to help us get where we are - the emphasis in my model is the Team.

Thanks again,

John

May 25, 2009 07:49 AM
Missy Caulk
Missy Caulk TEAM - Ann Arbor, MI
Savvy Realtor - Ann Arbor Real Estate

John, good to see you here and know that your business is growing. Ah growing pains but I know you will find the right Buyer Agent. God Bless!

May 26, 2009 12:42 AM
John Occhi
Mason Real Estate - Temecula, CA
SRES,CPRES.ePRO - Temecula-Murrieta CA Real Estate

Missy,

Thanks for the kind words and nice of you to stop by.  I have missed my time here in the Rain - and always want to get back into it.  I just started a series of articles on the mistakes that investors make - so I am hoping this will bull me back in.

John

May 29, 2009 03:42 AM
Jay-Paul Lowry
Riverside, CA

John - Are you interested in attracting your own buyers? If you are maybe we should talk about it.

 

JP Lowry--President--Preferred Financial Funding, Inc

Aug 04, 2009 07:02 AM

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