Agents Online Real Estate Forums, Discussion, Realtors Marketing Tips

Follow AgentsOnline on TwitterFollow AgentsOnline on Facebook

Click Here to display our logo on your site and link to us!
AgentsOnline Real Estate Discussion Forums Logo

Realtor CommunityA popular online real estate community since 1998!


Advertisements


Sponsored Links
Advertisements
How To Advertise Here
How To Advertise Here

Sponsored Links
(Views)Popular Topics
I MAKE 100 COLD CALLS EVERY DAY & LOVE IT! 28710661
No new orders today 13167597
Stupid MLS comments. 3407674
What do you know about Froy Candelario, top agent in USA 1258053
Stupid QC comments and BPO requirements. 1127271
New HUD Listing Brokers---Any Update? 1074956
Is there religious content in Buffini class? 862714
Let's talk about our cars 715475
Most common items found at an REO 653427
Name that Flick. Great movie Lines. 638513
Pay it Forward - BPO/REO Tips & Tricks I & II 634208
REOTRANS 483636
Main Street 460161
EML 459238
asset val seminar in colorado 431100
assist 2 sell or 1 percent realty? 362365
HOMONYMS - There, Their, and They're 345191
Evalonline 300212
Land America 285053
Mainstreet 261860
Matched Content
Topic Options
Rate This Topic
#435357 - 04/18/14 01:42 PM Who is the Best Realtor Company to work for, for new Realtors
RealSteve Offline
Junior Member

Registered: 02/01/14
Posts: 8
Loc: Florida
I worked for a broker for one year and I feel so lost. I have closed deals, but.... it was very uncomfortable. I lost money in my commission because little mistakes. My broker told me, "You have to learn from your mistakes and move on." I felt cheated.

I need training! Can anyone can suggest a company for me to look into?

Top
Advertisements
#435359 - 04/18/14 02:18 PM Re: Who is the Best Realtor Company to work for, for new Realtors [Re: RealSteve]
Vermont Offline
Major Contributor

Registered: 04/12/08
Posts: 7949
Loc: Vermont's North-East Kingdom
Originally Posted By: RealSteve
". . . I lost money in my commission because little mistakes . . ."

Are you at liberty to briefly describe some of those "little" mistakes ?
_________________________
Dale C. Hittle of GOLDEN RULE PROPERTIES in Glover, Vermont
Where We're Always Striving To Put Together "THE FAIR DEAL"

Top
#435374 - 04/18/14 10:11 PM Re: Who is the Best Realtor Company to work for, for new Realtors [Re: RealSteve]
RealSteve Offline
Junior Member

Registered: 02/01/14
Posts: 8
Loc: Florida
On closing, I didn't go over with the title company to make sure my desk fee was added. My broker ask me to add $499 on every contract. At closing the title company forgot to add the desk fee and now I had to pay it out of my pocket. I did not know how to read the closing paper line by line. I have no clue what each line means. My broker told me, just ask the title company to go over the closing papers with you. I feel uncomfortable to ask those question in front of my client. My broker should of train me how to read closing documents. I learned a lesson!

Top
#435390 - 04/19/14 10:46 AM Re: Who is the Best Realtor Company to work for, for new Realtors [Re: RealSteve]
DueDiligence Offline
Major Contributor

Registered: 12/05/06
Posts: 1635
Loc: Wild Wild West
Originally Posted By: RealSteve
On closing, I didn't go over with the title company to make sure my desk fee was added. My broker ask me to add $499 on every contract. At closing the title company forgot to add the desk fee and now I had to pay it out of my pocket. I did not know how to read the closing paper line by line. I have no clue what each line means. My broker told me, just ask the title company to go over the closing papers with you. I feel uncomfortable to ask those question in front of my client. My broker should of train me how to read closing documents. I learned a lesson!


Florida-- gotta love it. Broker "processing fee"... Can't do that here.

Apparently in Florida, if you didn't add the "processing fee" to the contract, it won't appear on the closing papers.

Since apparently this "processing fee" is allowable in Florida (any FL agents clarify), and you failed to include it, it would come out of your pocket.

Top
#435403 - 04/19/14 08:41 PM Re: Who is the Best Realtor Company to work for, for new Realtors [Re: RealSteve]
75Corvette Offline
Veteran Member

Registered: 09/16/05
Posts: 1209
Loc: Ohio
Originally Posted By: RealSteve
I need training! Can anyone can suggest a company for me to look into?


Wow, I feel so lucky because my original broker (who is now semi-retired but still a close colleague and friend) trained me from Day 1 by using different scenarios and having me solve the problem. We worked on listings and offers for several days in the office. At the time, we were a Century 21 office, but that's not an endorsement of them. I asked a couple agents I knew and my broker was recommended to me as someone who would train you. I think if that's what you're looking for, you need to seek it out. Even franchises that tout their "training" will not necessarily be a good fit--it all comes down to the effectiveness of the broker or person who does the training.

Top
#435407 - 04/20/14 06:06 AM Re: Who is the Best Realtor Company to work for, for new Realtors [Re: RealSteve]
PA Roadkill Offline
Major Contributor

Registered: 11/15/06
Posts: 2179
Loc: The Middle of the Interstate
Due Diligence - I've worked in both Florida and Pennsylvania, and the so called "processing fee" is alive and well in both states. As long as it's disclosed in the listing agreement or the sales contract (or in some kind of rider or addendum to the sales contract) it's okay. Usually charged by the big box franchisees (R/M,C21,C-B,HH,PRU, etc) but some independent firms have adopted it also.

They should call it what is really is: Extra Profit Supposedly they justify it by giving some "extra" services, but I really never figured out what that service amounted to. And of course, statewide Realtor associations supported it at the lobby level.
_________________________
Broker-Owner Thirteen Years REO Experience
GRI,CRS,CRB,e-Pro

Some days I feel like the bug, other days I feel like the windshield



Top
#435409 - 04/20/14 07:06 AM Re: Who is the Best Realtor Company to work for, for new Realtors [Re: RealSteve]
Vermont Offline
Major Contributor

Registered: 04/12/08
Posts: 7949
Loc: Vermont's North-East Kingdom
Who usually pays the "Processing Fee" ?

I'd imagine it's usually the Sellers, seeing as they are the ones with the excess money at Closing.

If it were the Buyers, wouldn't that have to come out way in advance and appear on the Lender's Good Faith Estimate of Closing Costs . . . . and not breeze in at the last minute ?

This thing seems to have been conceived to take advantage of the hectic confusion that can exist at a Closing with First-Time Buyers who can be stampeded into signing almost anything just to get this event over with and get out of there.

Weeks later, after Buyer's Remorse has set in, they'll look at the paperwork and wonder "What happened to us in there ?"

But I don't know what I'm talking about here . . . . I've never had to introduce a "Processing Fee" to either a Buyer or a Seller; and I've certainly never paid one myself !

It does sound somewhat parasitic; I thought that our Commissions covered that ?
_________________________
Dale C. Hittle of GOLDEN RULE PROPERTIES in Glover, Vermont
Where We're Always Striving To Put Together "THE FAIR DEAL"

Top
#435411 - 04/20/14 07:53 AM Re: Who is the Best Realtor Company to work for, for new Realtors [Re: RealSteve]
Tex Offline
Member

Registered: 02/11/14
Posts: 219
Loc: TX
I don't think I have ever seen that one in TX. A comparison to that, but even worse, is new car dealers charging a "Document Fee". That is what they charge YOU---to prepare the paperwork to sell---YOU---THEIR---car.

I was buying a late model used truck from a new car dealer last year and was pulling the plug on the purchase until they deleted that scam fee.

_________________________

Top
#435427 - 04/21/14 05:18 AM Re: Who is the Best Realtor Company to work for, for new Realtors [Re: RealSteve]
PA Roadkill Offline
Major Contributor

Registered: 11/15/06
Posts: 2179
Loc: The Middle of the Interstate
Actually, it is possible that both buyer and seller pay this processing fee. I actually left a "balloon" office because the broker insisted it be paid on every transaction. Since 90% of what I was doing at the time was REO, I chose to leave rather than pay it out of my income since I know that REO sellers will not pay it.
_________________________
Broker-Owner Thirteen Years REO Experience
GRI,CRS,CRB,e-Pro

Some days I feel like the bug, other days I feel like the windshield



Top
#435428 - 04/21/14 05:54 AM Re: Who is the Best Realtor Company to work for, for new Realtors [Re: PA Roadkill]
Vermont Offline
Major Contributor

Registered: 04/12/08
Posts: 7949
Loc: Vermont's North-East Kingdom
Originally Posted By: PA Roadkill
". . Actually, it is possible that both buyer and seller pay this processing fee . ."

You mean like on the same Transaction, one $499.00 Debit for the Buyers and another $499.00 Debit for the Sellers, and a nice Credit for $998.00 for the Broker ?

Why that's wonderful, like Free Money !

I feel like I've been cheated for 25 years . . . . foolishly doing all this Document Processing for FREE when I cudda been a contender.
_________________________
Dale C. Hittle of GOLDEN RULE PROPERTIES in Glover, Vermont
Where We're Always Striving To Put Together "THE FAIR DEAL"

Top
#435468 - 04/22/14 04:44 AM Re: Who is the Best Realtor Company to work for, for new Realtors [Re: RealSteve]
PA Roadkill Offline
Major Contributor

Registered: 11/15/06
Posts: 2179
Loc: The Middle of the Interstate
Actually. it's usually something like $295, and is paid to the brokerage that's representing that client (or in Florida, which is 95% transaction brokerage, that customer). Like I said earlier just call it Extra Profit
_________________________
Broker-Owner Thirteen Years REO Experience
GRI,CRS,CRB,e-Pro

Some days I feel like the bug, other days I feel like the windshield



Top
#435469 - 04/22/14 06:20 AM Re: Who is the Best Realtor Company to work for, for new Realtors [Re: RealSteve]
Bigtoe Offline
Major Contributor

Registered: 10/14/07
Posts: 2288
Loc: Outer Banks
There have been sucessful class action lawsuits against brokerages who charges extra fees fot doing nothing extra. Be careful.
_________________________
Your Outer Banks real estate agent. Helping people buy and sell OBX real estate since 1989.

Top
#461378 - 05/05/18 03:47 AM Re: Who is the Best Realtor Company to work for, for new Realtors [Re: RealSteve]
RealSteve Offline
Junior Member

Registered: 02/01/14
Posts: 8
Loc: Florida
Hi,

I learned the hard way, but it comes down to ask other realtors. When I moved to Orlando, fl it was hard. I told my Broker from Ft Lauderdale, If you come to Orlando, I go back to you. MY broker is a great coach, mentor and friend. Check out PRA & Company Realtors. Ask for Paul the Broker and tell him, Steve told me to call you.

Paul Broker
1150 E. Atlantic Blvd
Suite C
Pompano Beach, Florida 33060
C 954-461-1786
O 754-444-0853

Top






Google Custom Forum Search

This Google Custom search may do a better job of searching the forums for some keywords than the old forum search does. The results do not include threads from the Asset Managers Forum however. To search that forum you will need to be actually in the Asset Managers Forum and you will need to use the old forum search below.
Search

Newest Members
all, ZLandZ, Long Beach, big bison, tnhsaesop
30476 Registered Users
Who's Online
1 registered (TheTexasGal), 34 Guests and 5 Spiders online.
Key: Admin, Global Mod, Mod
Shout Box

Top Posters (30 Days)
Vermont 21
DangerRanger 18
T.T. 18
Trouble 13
TheMotorCityDon 13
Z06Fanatic 13
Daniel1234 9
Granta Omega 7
Bigtoe 7
gitmonee 6
leaf fan 6
ALSTIEL 6
TheGodson 4
Suburban Gal 4
sualk54 4
Facebook

How To Advertise Here


This site presented by RNC Internet Services