Brenda McCann, An Agent That Cares in NE Florida (Coldwell Banker Premier Properties)

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Rainmaker
1,817,531
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

It's something that should be considered  ! You don't stiff the babysitter !

Jul 14, 2017 04:36 PM
Ambassador
2,801,674
Anna Banana Kruchten CRB, CRS 602-380-4886
Phoenix Property Shoppe - Phoenix, AZ
Arizona's Top Banana!

When I was a brand new agent I was thrilled that the top agents asked me to handle their open houses. I got a lot of buyers over the course of time for helping other agents out!

Jul 14, 2017 09:49 AM
Rainmaker
1,505,347
Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg IL Real Estate

Yes, it is done. There are people in my office that offer $50 for each sitting as an example.

Start picking better houses! Look for the most selling price range in the most popular town. Don't just do a house because someone wants you to. Do what's possibly more prosperous for you also.

Jul 14, 2017 09:26 AM
Rainmaker
823,093
Jennifer Mackay
Counts Real Estate Group, Inc. - Panama City, FL
Your Bay County Florida Realtor 850.774.6582

Haven't heard of this myself - but hey who knows

Jul 14, 2017 09:43 AM
Rainmaker
3,168,569
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

I have never paid an agent to sit an open on one of my listings. I have been asked if they can do one for free. 

Jul 14, 2017 09:41 AM
Ambassador
3,185,986
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

I pay my assistants to do them for me. I guess if agents are paying for other agents in their office to do the open houses, the buyer leads that come through would be given to the LA?

Jul 14, 2017 10:42 PM
Ambassador
4,056,502
Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

If they are willing to pay then go for it.

Jul 14, 2017 08:53 PM
Rainmaker
382,677
Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

Typically new agents just hold the listings open, hoping to get a non-represented buyer. This happens often. I have never heard of the listing agent paying for the agent to sit the home.

Jul 14, 2017 04:10 PM
Ambassador
3,914,865
Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude

I have never done that nor heard about it being done. Doesn't mean it isn't.

Jul 14, 2017 09:39 AM
Rainmaker
2,896,224
Richard Weeks
Dallas, TX
REALTOR®, Broker

In life you don’t get what you deserve you get what you negotiate.  If you can get an agent to pay you to host an open house then why not.

Jul 14, 2017 09:22 AM
Rainmaker
733,341
Doug Dawes
Keller Williams Realty - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

That's a whole little side business people get into. I'm ok with it

Jul 14, 2017 08:52 PM
Rainmaker
3,764,059
Dorie Dillard CRS GRI ABR
Coldwell Banker United Realtors® ~ 512.750.6899 - Austin, TX
Serving Buyers & Sellers in NW Austin Real Estate

Wow..haven't heard of this one..usually agents are thrilled to get the opportunity to hold an open house for the opportunity to be in front of an audience without going through the process of obtaining the listing! In-fact grateful for the opportunity!!

Jul 14, 2017 07:08 PM
Rainmaker
1,024,297
Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

That does not happen in our area.

Jul 14, 2017 06:04 PM
Rainmaker
1,206,672
Mary Yonkers
Alan Kells School of Real Estate/Howard Hanna Real Estate - Erie, PA
Erie/PA Real Estate Instructor

 Not in my area. Ditto Anna Banana Kruchten, CRS Like Anna, 30+ years ago doing open houses for top agents is how I got my start in real estate.

Jul 14, 2017 04:25 PM
Ambassador
2,344,489
Fred Griffin presently on Leave of Absence
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

   All monies earned by Agents (here in Florida) must come from their Broker.  Be sure to comply.

  

Jul 14, 2017 03:11 PM
Rainmaker
999,045
Corinne Guest
Corinne Guest, REALTOR® | Barrington Realty Company - Barrington, IL
Barrington Lifestyles

All I can say is be careful about who is paying who!

Jul 14, 2017 01:03 PM
Rainmaker
3,066,884
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

I heard of that in some areas

Jul 14, 2017 12:21 PM
Rainmaker
725,330
Pete Xavier
Investments to Luxury - Pacific Palisades, CA
Outstanding Agent Referrals-Nationwide

Is it done? Yes, but not usually, it was actually kind of rare in my real estate life experience. If you can get paid to host, than more power to you. Not being paid to host wouldn't be a concern for me personally, I'm thinking of the main course.

Jul 14, 2017 11:27 AM
Rainmaker
1,564,737
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co. Notary Services, retired Realtor

A new agent would be DAMN lucky to be able to hold a open house at one of my sites, in fact they should PAY ME if they get a viable client out of it Brenda McCann 

Jul 14, 2017 11:07 AM
Rainmaker
4,314,379
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Brenda,

Pretty cheeky!  Like Anna Banana Kruchten, CRS said, it is a way to get known and to get to kow buyers.  A

Jul 14, 2017 10:15 AM
Rainmaker
1,366,927
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Brenda McCann This is the first I've heard about this. It used to be new agents wanted to voluntarily do Open Houses for the potential leads.

Jul 14, 2017 09:26 AM
Rainmaker
911,232
Thomas J. Nelson, Realtor, ePRO, CRS, RCS-D
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

That's a taker not a giver; #LAME.

Jul 15, 2017 06:58 AM
Rainmaker
3,241,346
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

There are all kinds of business models.  This wouldn't be something I would recommend unless you can bring something of value that no one else can.

There are usually agents in an office who want to hold open house events for FREE. I would wonder about the house, the location and the list price if there was pay involved.  

Jul 15, 2017 06:10 AM
Rainmaker
522,918
Peter Testa
Nationwide Homes - Danbury, CT
PETER TESTA

Never heard of it but it might be the case someplace. Usually if an agent wants to work our Open House then they are seeking extra work. Giving them the potential to make future business is the reward, not a monetary compensation; atleast with me. 

Jul 15, 2017 06:06 AM
Rainmaker
4,870,261
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

no one should be charging anyone.... the new agent must be trained and shadow the listing agent once through an open house event... then the agent, if he/she feels comfortable with it, could host an open house.... have a sign in sheet and work the visitors who do not have an agent ..... that's their paycheck!!

Jul 15, 2017 05:04 AM
Rainmaker
1,477,956
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • Green • GRI • HAFA • PSC Calabasas CA

In my hood you can get plenty of agents who would do it for free. Newer agents who just joined your broker are desperate for new leads, but do train them. 

Jul 14, 2017 08:35 PM
Ambassador
1,612,049
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

I would not pay for it.

Jul 14, 2017 07:48 PM
Rainmaker
3,977,611
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

When I was new I begged agents to let me do open's.  If anagent says they will do an open onone of my listings, they get the new walk-ins and that is it.  If they ask to be paid, they won't be sitting in my listing.

Jul 14, 2017 07:32 PM
Ambassador
3,981,962
Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

I have not seen anyone pay a new agent to work an open house. It is an opportunity for the newbie to get prospects and build a book of business.

Jul 14, 2017 06:14 PM
Ambassador
1,620,579
Alan May
Coldwell Banker Residential - Evanston, IL
Helping you find your way home.

I see it done all the time, and the agents (both listing and newbies) doing so are typically breaking the rules, as any money an agent receives from any real-estate-related activities need to be run through their agency.... and paid by their agency.

I seriously doubt they've done this... and agent/agencies turn a blind eye.

Jul 14, 2017 04:34 PM
Ambassador
2,849,870
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

doesn't seem to be a thing in my market.

Jul 14, 2017 02:13 PM
Rainmaker
1,211,164
Ryan Huggins - Thousand Oaks, CA
www.HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Charging to hold a house open?  I'd hang up on them very quickly!  Out here it is done because the requesting agents want to get buyer business.  Always offered for free.

Jul 14, 2017 01:46 PM
Rainer
113,395
Christine Kankowski North SD and Temecula
House Match Inc - Poway, CA
Excellent Sales and Property Management

There are enough agents who see the value in finding clients through open houses, that I dont think any would offer payment for someone to do it, unelss the sitting agent would refer all the potential buyers to the litsing agent, etc.  

I ahve not heard of this in my area.

Although, I did see someone , who was not an agent, just sitting in a chair reading a book and said... feel free to walk around. I just open the door. Thanks, 

I ahve a feeling this person was paid..

Jul 14, 2017 12:09 PM
Rainmaker
984,759
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

$50 an OH.  Many agents have trouble getting agents or newer agents to do open house esp in not good area. You meet home less people. People say they want to buy gave you their 555-1212 as their contact.   It is another way to thank the agent for the trouble to free you up.  

Jul 14, 2017 11:52 AM
Rainmaker
525,189
Dave Halpern
Keller Williams Realty Louisville East (502) 664-7827 - Louisville, KY
Louisville Short Sale Expert

Brenda McCann you state you "have held approx 3 a month over 6 months with negative results."

By now you should have picked up many buyers and closed at least 3 or 4 transactions resulting from open houses.  You also should have added 20 to 30 people to your database who should be on drip campaigns.

Does your company or your broker have training on how to generate leads from open houses? There is a right way to do open houses.

Jul 14, 2017 09:19 AM
Rainmaker
729,900
Jeff Pearl
RE/MAX Distinctive / LIC in VA - Lovettsville, VA
Full Service Full Time Realtor

Sometimes listing agents offer to pay new agents for holding open houses for them. I've never seen a new agent ask to be paid.

Jul 14, 2017 09:03 AM
Rainmaker
4,796,551
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Not by me.

Jul 15, 2017 05:49 AM
Rainmaker
2,424,404
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

There is plenty of money and opportunity to go around. Why not?

Jul 15, 2017 05:31 AM
Rainmaker
2,975,373
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Did the listing agent ask you to hold the open house in the first place or did you volunteer to rustle up some leads? If you hold an open house are the leads yours? Is that not sufficient compensation? I wouldn't pay anyone to hold an open house for me... why should I when there are plent of agents who would do it for free to generate leads. 

 

Jul 15, 2017 04:43 AM
Ambassador
4,298,246
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Brenda McCann - it's the value/price of their time.

And I'd pay new agents something to host my open houses.

Why not?

Jul 14, 2017 11:08 PM
Rainmaker
1,523,566
Sybil Campbell
Long and Foster REALTORS® 5234 Monticello Ave Williamsburg, Virginia - Williamsburg, VA
REALTOR® ABR, SFR, SRES Williamsburg, Virginia

It is done quite frequently here.

Jul 14, 2017 10:14 PM
Rainmaker
743,757
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

Good luck with that.

The most likely outcome is the 'LISTING AGENT' will charge the newbie for this opportunity to build the newbies list. 

I can not ever foresee the listing agent paying the newbie unless driven by conflicting obligations. THEN the split will make that more palpable.

Jul 14, 2017 11:47 AM
Rainmaker
5,264,594
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Why not? Much depends on the rules in your state.

Jul 14, 2017 10:59 AM
Ambassador
1,613,518
Harry F. D'Elia
RentVest - Phoenix, AZ
Investor , Mentor, GRI, Radio, CIPS, REOs, ABR

real estate is negotiable

Jul 19, 2017 06:56 AM
Rainmaker
534,200
Tony Lewis
RE/MAX of Valencia (Hall of Fame) 30 year Valencia Resident - Valencia, CA
RE/MAX Valencia, Stevenson Ranch, Santa Clarita

The new agent will be a statistic soon.

Jul 18, 2017 04:42 PM
Rainmaker
2,763,845
Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale-Probate & Trust Specialist

I would not pay an agent for that service.  Most new agents are tickled for the opportunity to host an open ... and may offer to pay the listing agent for the privilege of doing so.  This comment might change in a different market ... it applies to my maket. 

Jul 15, 2017 09:33 AM
Rainmaker
1,278,487
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Property Manager

Most new agents are happy to do it for free in order to get prospects.  If they can get paid, more power to them.  That said, if I had been inclined to pay someone to do an Open, I would want to know they are good at it... not just a couch potato filling up space.

Jul 15, 2017 07:50 AM
Rainmaker
1,521,561
Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West & Geneva Financial, Llc. - Carlsbad, CA
Presence, Persistence & Perseverance

And if the showing agent gets a buyer, does the listing agent get the full commission? Seems the Open House agent can't have it both ways. Kind of similar to Redfin paying associates $160 to hold an open house.

Jul 15, 2017 07:28 AM
Rainmaker
642,040
Paul Antonelli
Antonelli Realty - Saint Cloud, FL
Broker Owner; Antonelli Realty

Ive heard of paying an unlicensed person to sit an open house but not an agent. 

Jul 15, 2017 06:30 AM
Rainmaker
3,049,971
Tony and Suzanne Marriott, Associate Brokers
BVO Luxury Group @ Keller Williams Arizona Realty - Scottsdale, AZ
Serving Scottsdale, Phoenix and Maricopa County AZ

Jennifer Mackay nailed this one!

Jul 15, 2017 04:54 AM