Real Estate, Energy Drinks That Cure Cancer & A 10 Day All-Inclusive European Vacation For Two For $999.

By
Real Estate Agent with Keller Williams Fort Myers & The Islands

I got into Real Estate after a successful run owning a "Good Hands" insurance agency in the Midwest. The agency was sold and we moved to Florida because I was sick and tired of the cold snowy winters.

Silly me, I entered Real Estate thinking I would...of all things sell REAL ESTATE! Maybe I took a nap during my 60 hour pre-license class, but I seriously missed the ENTIRE chapter on "alternate income streams".  I went as far as to dust off the old pre-license manual looking for that elusive chapter. It was no where to be found.

Am I the only one who missed that informational meeting about "side" incomes? I got into real estate to help people buy and sell homes. To help people either moving into my community, or those wanting to move up, move down or perhaps acquire a 2nd home.

Never did I think I would be bombarded with fellow agents wanting to sign me up for "alternate income streams". I want to say to those that are happy doing it, God bless you. I am happy that you like having a good time with your new endeavor.

I write this to say I am saddened that an industry I deem to be a professional industry, to be now full of "other" stuff. Real Estate has many intricacies, laws, guidelines, professional designations, andawesome opportunities to network and mastermind  knowledge, such as ActiveRain.

If I am going to invest in any business, it will be Real Estate. If I wanted to sell bottled juices that have the derivative of the "mona-mona-berry" then I would leave my brokerage and go do that.

If I wanted to sell clients tickets to far away exotic destinations than I would earn the designation of Travel Agent, but I don't. Even more importantly, I feel the reputation of Realtors can be seen as compromised when the Realtor showing homes takes the time to whip out more business cards extolling wonderful opportunities in other businesses.

Even more troubling to me is the stories I hear of Realtors RECRUITING their clients to join these organizations. They explain the multi-level marketing aspect to their organization & tell them that for a $495 joining fee & $49 per month, they could  get to the 5th or 6th or EVEN the 7th level and make a gazillion dollars a year.

I am sure this post will get many angry replies from people doing such endeavors. My challenge to all of you is this: How would you feel if your Doctor, Attorney, or Child's Teacher took the time to recruit you? Would you loose respect for your Doctor? Would you question whether your child's teacher was putting his/her time to educating your child or would you question their focus? Would you want that Attorney representing you in that lawsuit or would you go looking for another Lawyer?

Am I the only one who thinks this could be considered questionable?

I know the market is a challenge for most everyone.  Mortgage applications were down 24% last month. Foreclosures are up, sales prices are down.  Sellers are wanting you to reduce your commission rates and buyers are harder & harder to come by.

I am not standing on my soapbox saying we are not up against real challenges. having to leave the Real Estate industry to find other employment because you need to pay the bills is a fact in today's world.

I just wonder....Are those who choose to participate in these side businesses inadvertently making it harder for themselves to actually make it in Real Estate because these "other jobs" lessen the credibility of the public's view of Realtors?

 

 

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Rainmaker
251,250
Joel Weihe
Realty World Alliance - Wichita, KS
Helping you to use your VA home loan benefits

I do know an agent who also sells insurance, and agents who are also mortgage people.  I think it muddies the waters too much for me personally.  I want to focus on real estate and being the best I can at it, not splitting my energy 10 ways.  My alternate income streams tend to stay real estate'ish.  I do BPO's when they're convenient, offer some a la carte options for stubborn FSBO's, help other agents setup a basic website/blog or shoot their listing photos for a fee, that sorta thing. If I had another alternate income, I don't think I'd be pushing it at my clients, that is for sure, seems very unprofessional!

Oct 03, 2008 06:07 AM #1
Rainer
17,489
Kimberly Lang
Keller Williams Fort Myers & The Islands - Fort Myers, FL

Sheree,

Thanks for the feedback. The activities you mentioned all relate to the RE industry and the BPO need to be done by people like us, how would we feel if hair dresser starting doing BPO"S? Websites & blogging also are woven into the RE industry and helping FSBO's can be considered priming the pump for future listings and referrals for yourself!

Kimberly

Oct 03, 2008 06:14 AM #2
Rainmaker
251,250
Joel Weihe
Realty World Alliance - Wichita, KS
Helping you to use your VA home loan benefits

That's my thoughts! As long as it's all RE related, I don't have a problem with agents doing outside activities.  But it does get me when they are out there pimping Avon or Mango juice.

Oct 03, 2008 06:24 AM #3
Rainmaker
219,799
Nick Good
The Good Home Team with Keller Williams Realty - Plano, TX
www.TheGoodHomeTeam.com

I actually tried the other source of income business but I noticed that I was not focusing on selling real estate like I should.... Even though looking back I could have been the 4th person in this MLM business and be earning $100k a month... Oh Well life goes on!

Oct 03, 2008 10:43 AM #4
Rainer
13,204
Trish Schmidt
Real Estate Masters Group - Redlands, CA

As long as they don't try to recruit me,,,, I'm ok with them doing their thing.... it just allows them less time spent on real estate and hopefully that will be more for me....teeeheeee

Oct 03, 2008 11:28 AM #5
Rainer
17,489
Kimberly Lang
Keller Williams Fort Myers & The Islands - Fort Myers, FL

Dave,

Sorry, but I deleted  your last post because you tried to use the space to direct people to your MLM site and as you know I am not into that.

Please feel welcome to post that on your own site.

Thanks,

Kimberly

Oct 04, 2008 06:56 AM #8
Rainer
97,944
Lara O'Keefe
North Texas Home Finders - McKinney, TX

Kimberly, you handled the situation with Dave in a very firm and professional manner. I wish more women would stand up to bullies like him.

Maybe his spell check and his caps lock got mixed up?

Oct 04, 2008 11:25 AM #9
Rainmaker
802,436
Chris Griffith
Downing-Frye Realty, Bonita Springs, FL - Bonita Springs, FL
Bonita Springs Listing Agent

Kimberly, that Dave guy mass emailed a whole bunch of agents some sort of diatribe regarding this post.  If you'd like a copy of it to file an ethics complain just email me.

Oct 05, 2008 02:02 AM #10
Anonymous
UpYourAntioxidants.com

Kim,

I just wanted to say that yes there are companies out there that are less than desireable and we need to be leary of them however there are things happening today in the marketplace that are extremely credible. I for one beleive in the free enterprise system however have always been leary of some if not most networking companies mainly because all they are interested in is your money and their bottom line. I have been in real estate for over 22 years when Monavie was introduced to me by a friend. I did extensive research into not only the product but also the company. My decision was to try it for my health but not the opportunity. Little did I know that it would be responsible for the biggest improvement in my health.

It was 9 months later before I ever talked to anyone about it. The only reason I did was I was asked about it. The rest is history as we have changed peoples lives physically and financially. My clients get the gift of health at every closing. Why?, Because I care about them and their health. They appreciate the gift rather than a bottle of wine or a refrigerator magnet. Now here's the twist, most have come back to me and asked how they can get their family and friends to access Monavie because of their expieriences. That was my start and my thoughts were that even if I didn't by a ticket to the game that the game was still being played. We have been a blessing to thousands of people and will continue to bless people with this. Am I still in real estate? Heck Yes! Do I think people should have better health? Heck Yes! Do I think deversifying is a good idea? Well all you fellow real estate agents can answer that for yourselves, Because of the decision we've made not only do we now make more money that any good year we have ever had in real estate (22 years) we have helped dozens of people from losing their homes through this opportunity.

Rick

Oct 07, 2008 03:20 AM #13
Rainer
17,489
Kimberly Lang
Keller Williams Fort Myers & The Islands - Fort Myers, FL

Rick,

Thank you for your well said counter point to my blog.

Your post to my blog makes it appear as though you have a high degree of professionalism in your real estate career.  You present them a gift at closing and IF they are so inclined, they have the opportunity to contact you on their own free will and ask more about the product.

I still disagree with the tactics of so many Realtors as I stated in the previous posting.

Best success to you in all your endeavors!

 

Oct 07, 2008 03:44 AM #15
Anonymous
Jackie Nary

Most successful agents I know don't go tooting their own horn.  He must be very insecure to continue to defend his position.  Once again,  if we want to be treated as professionals we have to act as professionals.  This means focusing on one career at a time. 

Funny thing,  my team leader does not even know the name Dave Huff, and she knows all the TOP agents.  Must be he is top in his own mind...........

Oct 07, 2008 01:25 PM #19
Anonymous
Looking For a Place to Park My Quad Runners

It might have not occurred to Mr. JuicePlus that consumers of both MLM products and real estate would read his less than mannerly posts.   Consider me one of the 85% plus of the buyers who are looking for and finding a way to weed out the less professional in the marketplace before I make my choice of whom to work.

What is that saying? It is better to keep silent and be thought a fool than to speak and remove all doubt. 

 

 

Oct 08, 2008 04:46 AM #21
Anonymous
Anonymous

Quad  Runners

You  should  have  kept  silent  and  remembered  the  other  saying.    If  you  dont  have  anything  nice  to  say,  then  dont  say  anything

   

Oct 09, 2008 02:08 AM #22
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Rainer
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Kimberly Lang

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