Just a thought - Possible to get paid to host an open house ...?

[Marc Roberson]

New agent here and I thought..... I wonder if it's possible for an open-house agent to provide a level of service such that listing agent, then, would consider compensating that agent in other ways than potential leads during the open house. 

In short, can a new agent ever be the one to "go-to" when listing agents want an open house but cannot do it themselves for whatever reason, and can they be paid for that ($50-75-100-125 etc)

What are everyone's thoughts on this way to potentially establish yourself within the office and also make a buck or two while doing it 

[Brad Bellstedt]

I'm not sure how much of a market there is for that in CO but in NV I've been hosting open houses roughly 45 weeks a year for the past 5 years. We're known as having one of the biggest most blowout open houses in the valley. Even with that reputation, we have found it very difficult to monetize the open house. The arrangement you're most likely to be offered is a $/hour amount to sit the open house but you have to give the leads to the listing agent. (Or the team leader who is paying you) Unless someone is going to pay you $20/hour to sit at an open house, you're probably wasting your time. We tried to get away from the open houses last year by having 2 people sit the open house for $10/hour each but that's not really a livable wage so we've found it hard to keep people in that position. (2 people are far more effective at capturing leads than 1 person)

Otherwise, as you mentioned, the leads from the open house are considered your payment. You may find a few agents that are willing to pay you for an open house but it's likely going to be less than you want and not very consistent unless you find a mega agent to borrow listings from. I wouldn't put too much effort into it. (I have already and I'll save you the time/effort.) Instead, get REALLY good at converting leads from the open house. Compensation won't matter anymore if you can pull 1+ solid leads a week from the open houses. 

Hope that helps!