All Forum Posts by: Richard Recuset

Not to get off the subject but there is a difference between someone with only two years experience in selling real estate (2 years X 2 years work experience) and one with 20 years in the business with one year selling experience. (20 years X 1 year work experience - A 20 year card carrying member).

It's not how long one has been wearing the hat, but what work (acquired knowledge, experience) has been attained while wearing the hat. As in any field...

Jorge, I stand corrected. Yes, sorry, failed to mention check your state laws. 

Bill has good points but in spite of hypothetical's...

The written agreement could have had a start date upon approval. In other words, the lease starts on the starting date once approved. If approved after the written starting date for whatever reason, the lease starts upon approval but either party can cancel the contract because the approval was after the agreed upon starting date.

Digital signature works-Try google's Hello sign (Free), or numerous others.

I hope this helps!

All the best,

Commissions are negotiable, and it's not against the law to give cash back/credit to "parties to the contract" as long as there's full disclosure.

In my opinion, unless an agent is a party to the transaction (meaning buyer or seller), an agent should never give up pay for their services, unless it was never agreed upon from the get go. 

What other service professional negotiates their fees? One that does not value their work or not very professional. 

In my 20+ years as a realtor I think I've taken less than agreed upon originally maybe once or twice, and that's because I either was getting commission from both sides and I volunteered to reduce my commission, or I knew one of the parties was at a loss and I offered to help. 

But behold, to those that want to put their hands in my pockets. I expect to get paid for services rendered. My commission is not negotiable. It's agreed upon before I start working. 

If I have the listing, my client (seller) knows (in writing) what my compensation is regardless. If I represent the buyer, either the buyer has the money or not. If I'm to contribute money is because I also have some interest in the deal as principle. 

It's funny, issues like this are more common in lower priced areas. not so much in middle to higher. Probably due to parties involved being more professional themselves.

@Soisnely Botiel Welcome!

You found a great place to learn about real estate. In fact, you will learn more here than any other Realtor industry course would ever offer you. And best of all, for free! So congrats!

Since we're practically neighbors, feel free to reach out to me. I'll be happy to help if need be!

All the best in your real estate endeavors.

Wow! Interesting opinions here on approaching a Real Estate sales career. 

Here's my two cents from a broker's point of view with over 20 years in the industry, the last two as a Broker/Owner. 

The Broker brand doesn't make a successful Realtor, it's "you" incorporated.

• Try to find a broker (company) that's close to home. 
• If you really want to learn and make money go the commercial route, not residential. FYI- Don't plan on making money the first couple of years in the commercial field. But if you learn and work hard you will be handsomely rewarded in due time.

Beware of those promising you the rose garden:

• We have training-Consist of sending you to the training prepared by the local board of realtors, which is not bad, but you need someone to break things down for you on a personal level. If they do have in house training you will only find out the true value once you attend class. Offer to attend a training class before you sign up.
• We have leads- No broker is going to give you anything, unless you prove yourself first, and you're highly favored. If there are family members of the broker in the company, who do you think has first dibs on leads? If the broker is also a selling broker, well, you know the deal. Anyway, you will find out you have to earn your keep to make it in this business. Those looking for handouts from the broker will be broke and gone from the business sooner or later.
• Superior Branding name- So what's this going to do for you? Nothing!
• One on one coaching- Ask how and with who?
• Marketing- What's this going to do for you? Nothing!
• Latest technology- Like what? What's it going to do for you?
• We have all kinds of meetings and have a good time eating and drinking and spending time together. (Don't walk, run)

Bottom line- People are going to do business with you because of you, not the brand or anything else. It's all about you!

You can join a big brand office and it won't mean a thing. It all depends on the people running the company. The owner of a franchise might be a good leader with industry experience and might not be. Find out! 

I suppose nothing much has changed since I started. I've been with big brands and not so big. I learned by making mistakes, getting rejections, working hard, and learning how to get better. I learned who are the good people and who are not.

No elevators to get to the top, you must take the stairs.

Oh! I read in the above comments about offering a discount because you're a rookie. In my opinion, you will be starting off with bad habits. A good broker should be able to explain why. I hope this helps!

All the best,

Judging by the above comments, I believe this case is closed. 

Agreed! A conventional sale gets the job done. 

Not everyone needs a Realtor. In this scenario I don't think you need Realtor involvement. You have the buyer and the buyer already lives in the house he wants to buy. And you already have a lawyer. Done deal! 

Not in this case, but If you hire an agent, the fact that you already have a relationship, have done most of the work, and basically are putting a deal in her lap I think 1.5% to 2% is fare. Depends on the price sold and complexity, but definitely a minimum of about $1,200k is in order.  Time, effort, and piece of mind-what's it worth to you?

All being said, ask the realtor what she would charge. If it's less than $1,200 I would venture to say this not an experienced agent or she must really like you too, or both.

I hope this helps!

All the best,

Lucas,

Have anything in Dade County under 150K? Preferably multi-family.

Let me know.

Thank you,

Andrea,

Welcome to BP. Feel free to reach out to me, I'm in Miami, more specifically in Doral, Fl. All the best!