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#76044 - 10/06/05 03:50 PM Re: broker afraid of bubble
RealDealer Offline
Veteran Member

Registered: 10/29/04
Posts: 794
It's been touched on but I'll expand on it... in a buyer's market, learn how to invest. Long-term and creative investors make their fortunes in what everyone else calls "bad markets".

I know several investors personally who have made millions of dollars in the last few years in Michigan, just from the listings agents couldn't sell.

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#76045 - 10/06/05 07:23 PM Re: broker afraid of bubble
JABER-return Offline
Member

Registered: 10/01/05
Posts: 583
Loc: Internet
 Quote:
Only about 35-40% of the houses sell. Most expire! It is a nightmare scenario. It can only get better. I tell myself that daily! Luckily we also do mortgages so that has provided some cushion
Michiganrookie, if I recalled you said the right price can sell any house. Help me understand this please... Are you saying that 60-65% of the houses on the market are incorrectly priced? What would you have to price it to get them sold?


 Quote:
he was the top producing broker in the country for quite some time and never hired a single sales agent (he hired licensed assistants to do specialized tasks such as telemarketing, placing advertisments, office mgmt, etc, so he could focus on selling).
Xeno, the brokers that I know that earn 250+ a year are independents doing their own investment with listing on the side.

There's more money when you can control the future of your business.

OTOH, if you goal is to list as many houses as possible stick to a brand like REMAX, RE EXECS or KW. Some of the top producers in the country are agents for REMAX.
_________________________
Gilbert Real Estate

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#76046 - 10/07/05 09:59 PM Re: broker afraid of bubble
Xenogenetic Offline
Member

Registered: 09/24/04
Posts: 255
Loc: Hartford, Connecticut area.
 Quote:
Xeno, the brokers that I know that earn 250+ a year are independents doing their own investment with listing on the side.

There's more money when you can control the future of your business.

OTOH, if you goal is to list as many houses as possible stick to a brand like REMAX, RE EXECS or KW. Some of the top producers in the country are agents for REMAX. [/QB]
Oh, yes, I agree wholeheartedly. Placing emphasis on learning how to invest as the number one priority when in brokerage and listing property, 2nd, is definitely the way to go. If you invest and stop acquiring property, you still enjoy residual income. If you're a sales superstar listing agent and stop doing sale, your income stops as well. Easy decision.

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#76047 - 10/09/05 11:44 PM Re: broker afraid of bubble
NYTOM Offline
Member

Registered: 10/02/05
Posts: 29
Loc: Queens and nassau County NY
Think of it as a challenge and not a bad thing.Just makes the game mopre interesting.
_________________________
It always a great day at EXIT

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