by CRESTICO | Feb 11, 2009 | CRESTICO
Real Estate is an industry thought by many to be highly lucrative and high-paying. But have you ever wondered HOW exactly your agent will be paid? You are often approached by agents trying to convince you to list your home with them, or allow them to show you some nice homes to buy. Read more to find out how your agent will be compensated and from where. As a prospective homebuyer, it would be in your best interest to understand this compensation process.
The standard compensation structure for Real Estate Agents is that he/she will be paid commission, based on the selling price of the property you are interested in. While commission rates are not standardized, the process in which they are disbursed is consistent. When a seller signs a listing agreement, that contract is with a brokerage firm. All fees must pass through that brokerage firm. Typically, the seller’s and the buyer’s agent will be paid by the listing broker after the transaction closes. When a property is listed for sale, the seller’s contract spells out the commission rate that will be awarded to a buyer’s agent.
Often, many people often try to avoid using real estate professionals so that they may avoid paying commission fees. However, I would warn against this because of some of the potential pitfalls. Unrepresented sellers (for-sale-by-owner properties) often do not have enough information about how to price the home, and sometimes try to raise the price instead of paying a real estate commission. Also, as an unrepresented buyer, it will be much more challenging and difficult for you to determine if the asking price is reasonable and whether or not you are overpaying. Real estate agents have developed insights that go well beyond simply evaluating data through the Multiple Listing Service (MLS). And if you are overpaying, it will create further complications in securing financing, because of potential lender requirements.
Real estate professionals play a vital role in helping you achieve the dream of owning your own home. Beginning with helping you tour and select properties and then guiding you during the negotiation phase and finally seeing it through inspections, financing and closing, the services your Agent will provide you are priceless. This is especially true in today’s market, where alternative buying opportunities, including short sales and REOs make it even more difficult to navigate the choppy waters of the home buying market alone.
by CRESTICO | Jan 31, 2009 | CRESTICO
Real Estate Agents: Choosing a Broker That’s Right For You!
In an industry like real estate, where being an agent is an unsalaried position and the business experiences so much turnover, which broker you choose to hang your license with becomes an important consideration for your career.
A vital part of your success will depend on your broker and at Crestico we believe, as your broker, we have a responsibility to support your growth and profitability, so that you will do well. Choosing the right broker involves more than supplying leads, or offering the best commission splits and lowest desk fees!
We encourage you to speak to our agents and see that our environment enables you to make real money! Realizing you made the best decision gives you peace of mind. We at Crestico Realty understand that it’s comforting to know you’ll have support when you need it, in addition to technology, and a market presence with a broker that the public wants to do business with!
For new agents, the industry poses many challenges. Almost 85 percent of new real estate agents “drop out” after less than one year in the business, and 15 percent of the remaining don’t renew their licenses. We want to make sure you’re not one of these statistics. Successful real estate agents are self-starters and go-getters. The beginning of a real estate career often involves lots of rejection. But it’s only temporary. As a real estate agent, you are more than a person who shows properties, you become a trusted advisor and your clients look to you for your knowledge and expertise. Buying a home is the most expensive (for most people) transaction of their lives.
by CRESTICO | Jan 31, 2009 | CRESTICO
Real Estate Career?
TREAT YOURSELF to the best new year’s resolution ever by moving your practice to a young energetic brokerage where you are still your own boss but get all the benefits of being associated with a nationally recognized brand! Crestico Realty is looking for licensed Real Estate Agents like you to come down and interview!
Crestico Realty is a boutique Real Estate firm that focuses on handling all forms of real estate transactions. We offer *NO DESK FEES* and have great relationships with our business partners who work with us on a day to day business. If you are an independent visionary and get excited by the limitless possibilities of today’s market, then give us a call. At Crestico, we treat our agents like family, offering unprecedented support, generous commissions, the best training and mentorship for new agents, additional incentives & bonuses, and further opportunities to grow and expand your career.
We are looking for agents who are more than just agents – we want real estate specialists, who love their work and see income potential in every conversation they have!
Please send your resume, along with cover letter to careers@crestico.com.
For more information please visit www.crestico.com or call (818) 784-2929
by CRESTICO | Jan 23, 2009 | CRESTICO
In an industry like Real Estate, where being an agent is an unsalaried position and the business experiences so much turnover, which broker you choose to hang your license with becomes an important consideration for your career.
A vital part of your success will depend on your broker and at Crestico we believe, as your broker, we have a responsibility to support your growth and profitability, so that you will do well. Choosing the right broker involves more than supplying leads, or offering the best commission splits and lowest desk fees!
We encourage you to speak to our agents and see that our environment enables you to make real money! Realizing you made the best decision gives you peace of mind. We at Crestico understand that it’s comforting to know you’ll have support when you need it, in addition to technology, and a market presence with a broker that the public wants to do business with!
For new agents, the industry poses many challenges. Almost 85 percent of new real estate agents “drop out” after less than one year in the business, and 15 percent of the remaining don’t renew their licenses. We want to make sure you’re not one of these statistics. Successful real estate agents are self-starters and go-getters. The beginning of a real estate career often involves lots of rejection. But it’s only temporary. As a real estate agent, you are more than a person who shows properties, you become a trusted advisor and your clients look to you for your knowledge and expertise. Buying a home is the most expensive (for most people) transaction of their lives.
For more information please visit www.crestico.com or call (818) 784-2929
