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Updated about 8 years ago on . Most recent reply

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Jamie Wooley
  • Investor
  • Dallas, TX
44
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142
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Hiring a team of door knockers. Feedback PLS!

Jamie Wooley
  • Investor
  • Dallas, TX
Posted

My husband has many many teams of door knockers selling Energy in multiple states, so I know it works and I know it can be done with tremendous success.

What I do not know is, what would be the best compensation.  If I am trying to get them to schedule an appointment with a MOTIVATED seller, what would be the best compensation?

Should I try and train them in the acquisition, or just how to get the appointment?

If anyone has done this, knows someone doing it or is doing it.  I would love to hear from you and what you have to say!

  • Jamie Wooley
  • Most Popular Reply

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    Bill Gulley#3 Guru, Book, & Course Reviews Contributor
    • Investor, Entrepreneur, Educator
    • Springfield, MO
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    Bill Gulley#3 Guru, Book, & Course Reviews Contributor
    • Investor, Entrepreneur, Educator
    • Springfield, MO
    Replied

    @Eric F.

    As I pointed out a year ago, the same issue still applies, if B is then an employee, paid in some manner and you have withholding, workman's comp, then B represents the company, if they are on a commission  and not an employee, they become an independent contractor, B needs a license,  and you said to make offers, that is talking price, talking about purchase terms or attempting to facilitate any sale requires a license!

    A paid employee may act on behalf of the company and most likely will not need a license, you'll need to how all the requirements for a paid employee, commission only  might cut it f you're meeting all the other requirements for an employee.

    Again,  anytime someone on here mentions "Agent" or "Broker" or "license" the assumption goes straight to real  estate agency........that is not correct entirely, the formation of agency relationships is formed by law,  has little to do with a real estate agent, you can be an agent to buy a car,  truck load of shoes, trees or lumber, just about anything and the "Laws of Agency" apply to these relationships.

    If you have a formal written partnership with A and B then you may skate  past the license matter as both are buying, they must close together,  then B may sell their interest to A and walk off. However, doing this  over and over again  will then show most likely that your partnership  is a sham for the purpose of circumventing agency and licensing laws, once or twice, okay, as a business model, no.

    Folks need to learn about business before trying to go into the real estate business! If you don't fully understand Laws of Agency then you can't conduct yourself properly to  avoid such relationships. Pay close attention to "consent" "implied and specific" as well as the legal aspects of the duties owing to a principal by any agent. If you're not the guy actually buying, most likely you're an agent! :)     

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