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clarenceworley

4232 Posts

Posted - 08/12/2008 :  08:55:40 AM
I posted a posted a potential referral on the AR site to establish a relationship with an out of town real estate agent. 28 agents contacted looking for the lead- 1st time buyer, 250k purchase.

At least we can do refi's and don't have to deal with listing appointments with folks who think their home is worth 150% of the actual current market value.
quest

260 Posts

Posted - 08/12/2008 :  08:57:21 AM
what is the ar board
brandie

3260 Posts

Posted - 08/12/2008 :  09:00:51 AM
AR = Active Rain.
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rtrefflich

3414 Posts

Posted - 08/12/2008 :  09:12:41 AM
The worst part is when you submit an offer for a home at "market value" which the owner or agent says is way too low because their asking price is a lot more.
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clarenceworley

4232 Posts

Posted - 08/12/2008 :  09:52:20 AM
I know we gripe alot about real estate agents, but at least they pass licensing requirements and they have to drive clients all over with high gas prices...
WorldWideWayne

2444 Posts

Posted - 08/12/2008 :  09:56:21 AM
quote:
Originally posted by clarenceworley

I know we gripe alot about real estate agents, but at least they pass licensing requirements.



I passed licensing requirements...can I gripe about them now?

Seriously, why are they not out driving renters around to look at all the homes on the market right now? With all the homes to sell to FTHB's some Realtors should be busier than ever...
VVance

2489 Posts

Posted - 08/12/2008 :  09:59:40 AM
quote:
Originally posted by clarenceworley

I know we gripe alot about real estate agents, but at least they pass licensing requirements and they have to drive clients all over with high gas prices...



As do all licenced Mortgage Brokers in CA...The Same Exam!
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clarenceworley

4232 Posts

Posted - 08/12/2008 :  10:05:33 AM
I passed licensing requirements as well, and used to teach a Continuing Education Real Estate Course. The point is many of the people in the mortgage business previously did not, yet all real estate agents do.(Not that it is a hard test)

I gripe about realwhores as well, just trying to make the point that life isn't so rosey from their perspective either, and it opened my eyes to see 28 agents jump on 1 lead posting like a ravenous dog on a bone.
VVance

2489 Posts

Posted - 08/12/2008 :  10:26:08 AM
I'm really surprised at how many of the Real Estate Offices have survived so far. Some of these offices have huge overhead and I know they're not doing enough business to even pay the bills.
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clarenceworley

4232 Posts

Posted - 08/12/2008 :  10:43:33 AM
quote:
Originally posted by VVance

I'm really surprised at how many of the Real Estate Offices have survived so far. Some of these offices have huge overhead and I know they're not doing enough business to even pay the bills.


True- I worked for a major independent real estate org that did Real estate, Mtg, Title, and Insurance. RE was the least profitable(~$75 profit per unit after all said and done) and basically was a lead supplier for the other services.
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