/r/realtors

Photograph via snooOG

For discussion about what it means to be a Realtor or Real Estate Agent.

Industry-specific news, ideas, questions, stories and anything related to the business of selling real estate.

The term REALTOR™ is a registered trademark of the National Association of Realtors. This subreddit is not affiliated with the National Association of Realtors (NAR) but many of the subscribers are members of NAR. We are a professional forum and professionals should adhere to the NAR Code of Ethics.

For discussion about what it means to be a Realtor.

Industry specific news, ideas, questions, stories and anything related to the job.
Please post in /r/realestate for general discussion about real estate.

/r/RealEstate
/r/CommercialRealEstate
/r/RealEstatePhotography
/r/RealEstateForSale
r/RealEstateExam
r/Sales
r/Marketing
r/Business
/r/Mortgages
/r/PropertyManagement
/r/Landlord
/r/TenantRep
/r/Architecture


NEW Discord Server https://discord.gg/wpXRRpXW


SUBREDDIT RULES > READ BEFORE POSTING

  1. Posts and links to articles should foster relevant discussion, or involve some sort of relevant question.
  • If your post would be more relevant to general real estate please post to /r/RealEstate.
  • If you are a new Realtor or looking to start a real estate sales business and have questions, please try and search the subreddit for your questions before posting or start with our "New Agent Megathread" here.
  • NO bullying, hate speech, racism/sexism/discrimination, abusive language, or Realtor Bashing.
    • Absolutely no racism, sexism, or any other type of discrimination talk of any kind about any group. => Immediate permanent ban without warning.
    • No bullying and abusive language includes insulting, mocking or just being plain rude to other redditors. => Grounds for a permanent or temporary ban with a minimum of one warning.
      -- Yes, some people ask seemingly dumb questions sometimes, but that's no reason to be mean.
    • No bashing Realtors specifically or the Realtor profession in general. => Immediate permanent ban without warning.
      -- Sure, there are some bad practitioners out there just like every other profession, this is not the place for you to take out your rage and include all of them in your bias.
  • Post your real estate listing for sale at /r/RealEstateForSale.
  • Do not make any conversation that would violate federal antitrust laws. This includes discussions about commissions you are charging or broker splits. All commissions and splits are negotiable between the parties.
  • Links to websites with paywalls are not permitted.
  • It is not acceptable, by any means, to link or post promotion of a brand, business, product, service, brokerage, Realtor, or listing. This includes blog spam or links for SEO.
    • There is NO place for your product on this subreddit.
    • Don't post "we buy homes" or other offers to buy real estate.
    • Don't give free accounts, ask to test, or ask for opinions on your new software or service.
    • Don't ask our subscribers to take a survey or for ideas/feedback for new products.
    • No soliciting for referrals or recruiting. It's ok to post a referral you have.
    • Linking to a business in the comments is acceptable provided you are not promoting your self or business.
    • Learn why we don't allow you to sell your wares here.
  • Adhere to the NAR's Code of Ethics - Members of NAR posting and commenting here should not violate or give advice that would violate the code of ethics. If you are not a NAR member and give advice in relation to ethical concerns, please refer to the code of ethics and let the public know of your non-membership. Any content disparaging NAR will be removed.
    • If you are unsure if your post will violate these rules, discuss with the moderators before posting.
    • Understand Reddiquette before posting.
    • Spam will be removed.
    • If you see spam, report it.

    We are not affiliated with the National Association of Realtors and "Realtor" is a registered trademark.

    /r/realtors

    130,751 Subscribers

    0

    Election

    What do y’all think Trump winning will do for the market? I personally think it’s huge and awesome for business just curious on your thoughts

    4 Comments
    2024/11/10
    05:16 UTC

    0

    Buyer's Agent

    If I buy a property without an agent, does the entire sales commission go to the seller's agent? I ask because I have a friend who helped me look at properties before but I never purchased and I would love to just include him so he could get commission - but I don't really need him in this transaction. I'm sure if I hired him he would go the extra mile for anything that I ended up needing. Thanks in advance. Purchase is in Pennsylvania if that matters.

    9 Comments
    2024/11/10
    04:29 UTC

    3

    ADHD Marketing Help

    Hello! I've been a Realtor since mid-2022 and while it hasn't exactly been gangbusters, it hasn't been terrible either. Definitely can't quit my day job yet, though. Anyway, I'm good at my job but I struggle with getting new clients. I just can't get my marketing game down. I have ADHD (medicated with Adderall) but I still struggle with just remembering to do it with everything else I have going on (full-time job, community college trustee, toddler, husband's business that I technically co-own with him, podcaster). My brokerage provides us with CINC which I try to have some auto tracks set up on, although I find the auto track system to be rather convoluted and not user-friendly at all. I have it set to do holidays and birthdays currently, in addition to their monthly market updates. I'd like to do more social media stuff, but I literally just can't remember to do it.

    I'm assuming there are others ADHD Realtors here. How do you handle it?

    6 Comments
    2024/11/10
    04:23 UTC

    0

    Lead Gen Platforms vs. DIY Why Do You Choose One Over the Other?

    I’m curious to hear from other agents on why you choose your lead gen platforms over building a DIY lead system. Is it mainly about time constraints, or do you find other benefits like cost-effectiveness or ease of use? For those who’ve considered setting up their own system, what were the main challenges you faced?

    5 Comments
    2024/11/10
    02:41 UTC

    2

    Shadow another broker?

    I got my real estate license in CO this year and have done 4 transaction on the buyer side with my mentor who moved to a different state. I am wondering if other agents would let me shadow their transaction process, and I can even help if they need assistant. I want to get my foot out there, get more experience and industrial knowledge even if it is for free. What would be the best approach?

    2 Comments
    2024/11/10
    02:34 UTC

    1

    The Connor Group

    Does anyone work for or has experience with the Connor Group? I’m considering taking my real estate license corporate for the consistent income that I need and if they work with what I’m looking for I might make the leap. My biggest question is if I’ll still be able to operate as a realtor since my current broker would send my license back to the state or how that situation would look.

    1 Comment
    2024/11/10
    01:58 UTC

    1

    Brokerage license expired

    My brokerage license expired on the 31st of October, will this affect me in any way ?

    2 Comments
    2024/11/09
    20:54 UTC

    6

    What kind of marketing / outreach initiatives are most successful with your sphere and past clients?

    Things I’m considering doing:

    • Client appreciation events
    • Calls to each client on a recurring basis
    • Handwritten notes at the holidays
    • An email newsletter about events happening in town next week

    What else works well for you to stay top of mind with your clients, leads, and sphere of influence?

    6 Comments
    2024/11/10
    01:01 UTC

    7

    What are some things you wish you had done differently starting out?

    what are some things you guys think you could’ve done differently starting out with your real estate career? i’m just starting out. I don’t even have my license yet but have a broker lined up to take me in as soon as i do. So i just wanted to post this not only to learn from other people’s mistakes or bad habits, but to allow you guys to help each other out if you are engaging in any of the activities discussed under this post. I want to know what was being done wrong and what you did to fix it.

    23 Comments
    2024/11/09
    22:50 UTC

    3

    How well do ads work for you? What ads do you run? What’s your cost and ROI?

    2 Comments
    2024/11/09
    21:41 UTC

    4

    How to handle people at open houses who are looking on someone else's behalf?

    Hi All! I'm sitting an open house today for another realtor in my brokerage. I just had a very nice lady through the home who was looking on behalf of her son. I wasn't quite sure what I should try to ask for, in regards to contact information, so I just provided my contact info and invited her to return with her son to the next open house tomorrow.

    Just wondering what everyone thinks the best practices are in this situation?

    14 Comments
    2024/11/09
    21:08 UTC

    27

    100 Open Houses in 100 Days / Week 8

    Hi All back again for another yap fest of this challenge.

    Days - 55

    Open Houses Completed - 52 (as of this evening!)

    Transactions completed - 1 (Signed this Tuesday! Yay!!!!!)

    Under contract - 1

    I've been licensed since September 9th, 2024.

    NO OPEN HOUSES NEXT WEEK AS I WILL BE ATTENDING NINJA TRAINING. Would you guys want a recap of what I learned? lol. Let me know!

    Wow what a crazy week! Sunday I had a few repeats come see the same Open House I hosted 5 times last week and both are speaking to my lender! They are both Mexican (I am as well) so being able to speak in Spanish with them really meant a lot. Both parties have some things to iron out before we get moving, but we are planting the seed!!

    Monday and Tuesday were prep the week days, so no open houses completed!!!

    Wed, Thur, Fri and Sat all 2 a day! I've opted in for a new strat, doing the same 2 homes all week (and maybe 1 or 2 thrown in there) as it gets my name around the neighborhood more, or so I hope!)

    I got my first Facebook lead today! While it is an old teacher, my mentor put it in a good way "She reached out because you successfully rebranded as a realtor online!" What a great perspective to have.

    As I am now past the halfway point, I start to wonder "What's next?" On Tuesday when I closed, I was so excited all day that I'll be honest, I didn't work much haha! Then the days after, I kinda felt sad. I remember telling myself that closing a transaction was the final hurdle, that if I could do just one, I've proven all the hard work was worth it! But now I kind of feel like, "well, what do I do now?" Is this is a normal feeling? I'm not sad, but since this was my goal for so long, I think maybe I was tunnel visioned, if that makes sense! Regardless, I know my next goal is to ;

    - Earn Rookie of the Year

    - Earn an office

    - Be ready to train someone by EOY 2025. I want to pay it forward the way my mentor did with me.

    Thanks all for coming to my ted talk!

    FAQ ;

    Q - How do you get so many Open Houses?

    A - I have a search set up in MLS, and call the listing broker. They usually always say yes. I'm now at the point where people reach out to me and ask I hold their listings open.

    Q - When was the last time you smiled?

    A - The day before this challenge

    Q - How many signs do you use?

    A - 5 now. 2 got stolen 1 ran over

    Q - How do you advertise?

    A - Mainly social media and signs. Sometimes I plan a big OH or a long day and I'll put out anywhere from 50 - 100 door hangers a few days prior.

    60 Comments
    2024/11/09
    19:51 UTC

    2

    Which Brokerage To Look At?

    Which Brokerages are comparable to eXp? I LOVE KVCore, the 80/20 split with a low cap, and the fact that the management usually leaves everyone alone to do their thing.

    I really dislike being associated with their agents. They have really grown lately and I really prefer small brokerages without a lot of competition or drama within the company.

    Any other brokerages use KVCore and have a good split?

    37 Comments
    2024/11/09
    19:03 UTC

    1

    Brokerages I Should Sign With

    I'm looking at some brokerages and my top two choices are compass and coldwell banker. Is anyone with them? If so, what are your experiences with them and what do they have to offer?

    7 Comments
    2024/11/09
    17:53 UTC

    0

    LPT Realty

    Anyone in this group work as an agent for LPT? Specifically anyone in southern Illinois? Thinking about relocating to that area for family reasons and I have some people I know from other areas telling me LPT is a great company to work for.

    2 Comments
    2024/11/09
    15:01 UTC

    1

    Newly licensed agent in Sacramento

    I just got licensed in Sacramento (11/8) and am looking for a decent broker. I just moves from Texas where I was a realtor as well ans prefer brokers with good mentorship especially on things such as building contracts.

    Any brokers someone in the Sac area recommends?

    4 Comments
    2024/11/09
    11:48 UTC

    0

    Option fees

    What happens if the option fee has been paid, but the termination period was mistakenly left blank and the contract has been executed.

    1. Is the option period still enforceable?
    2. If yes, Is there a default number of days?
    3 Comments
    2024/11/09
    10:25 UTC

    1

    Should I stay or should I go

    Hey yall 4th year Florida realtor here and my business has come to almost a complete halt. Hurricanes Helene and Milton have torn up a good bit of my farm area and I’m struggling to find new business. Any recommendations?

    2 Comments
    2024/11/08
    21:06 UTC

    1

    New Agents Beware

    If you’re a new agent, be careful of all the gurus out there trying to sell you a course for thousands of dollars. Even if they have “testimonials”. I personally spent thousands on a course that made a lot of guarantees, had good testimonials on the site, but didn’t deliver results. Some of the other students weren’t able to get their money back. Thankfully I did. Just beware of these scams.

    3 Comments
    2024/11/09
    00:12 UTC

    1

    Mentorship Guidance: pros/cons, fair split, how to figure out a good match?

    I'm a new agent and am really trying to understand the real value of mentorship. I joined a brokerage where mentorship is optional, and there are a lot of good training classes and whatnot, and the managing broker isn't a working agent (focused on managing).

    I'm not worried about lead generation/general marketing (it's very relevant to my past career), but I know it'll take time and I've set myself up to have some runway to build a database and generate leads while I take in all the training that's available.

    The biggest pros to mentorship that I see is having someone dedicated to working with me/walking me through the process once I actually get any sort of agreement in place. I'm not the type that needs a lot of hand-holding, but especially since I live in an expensive, HCOL area, I'd love to have additional guidance as to not blow an expensive transaction, nor have a client outcome be less favorable due to my lack of experience.

    So my questions:

    • What's a fair split? My brokerage has recommendations of between 25%-45% for a mentor and the agreement is negotiable between agents for how many transactions, etc.
    • How many transactions did you have with a mentor (if you had one) before you felt confident going on your own?
    • What should I be asking a potential mentor (aside from the general time commitment, etc.)? I'm trying to not pick solely on vibes, although I know that's important, too.
      • What is a typical meeting cadence, etc.?
    • Is there a good reason I shouldn't consider this? For those who didn't have mentors, how do you feel about it in retrospect?

    Any and all advice is welcome. Thank you in advance!

    4 Comments
    2024/11/09
    04:12 UTC

    1

    How to get leads on rental listing.

    Is the Houston rental market going through a slump or what. I have 7 properties listed on HAR, and I am not getting any hits. How do u guys make properties stand out and move?

    3 Comments
    2024/11/09
    03:53 UTC

    1

    3D Tours

    Do Real Estate agents make their own 3D tours for clients or is this a service they normally outsource? If outsourcing, do you usually just go to one person for all your video and photography needs

    8 Comments
    2024/11/09
    00:24 UTC

    3

    Should I stay with KW?

    Hi all, I joined KW last year around this time. Since then, I’ve built up some clientele and made a decent amount of transactions. The only thing that always bothered me was the 36% they take out of your commission. And as a new agent, they also do 50/50 the first 3 transactions. Is there better options out there? Or is KW worth it for the first few years when I’m still getting experienced in the industry with their resources?

    EDIT: Thank y’all.. as I was reading your comments every single thing I don’t like about this brokerage came flooding and I will start talking to a few other brokerages. I have a family friend who is a broker, I’d like to sit down with him and see what we can do together. I have repeated business, and tools for lead gen. I just don’t want to stay where I have to worry about lead gen, dealing with clients, making sure everybody is taken care of, AND worry about the commission that’s coming out of my paycheck as well as the unsupportive nature. I’m sure every KW branch is different but I will explore my options. I appreciate the feedback

    50 Comments
    2024/11/09
    00:22 UTC

    102

    Interesting new Real Estate Statistics

    I'm currently at a conference and the Chief Economist of the National Assoc. of Realtors shared some interesting statistics.

    1. The average age of today's first time home buyer is currently at 38 Years old
    2. The average age of todays "Move up Buyer is 61 years old.

    20 years ago the average age of first time home buyer was 26 years old and the average move up buyer was 36 years old.

    Things have definately changed..... the other interesting statistic is that 36% of all home purchases are all cash, vs less than 15% 20 years ago.

    Just thought I'd share ;)

    48 Comments
    2024/11/08
    22:20 UTC

    3

    Bait and Switch in Real Estate Hiring: Is This Common? If so, why?

    I’m currently freelancing in marketing and lead generation for local businesses, but I came across a job posting for an “Executive Assistant” position at a nearby real estate group.

    The job description focused heavily on marketing and lead gen, with some general admin tasks. I genuinely thought I’d be a perfect fit, since I recently got some pretty good results for a past client who's an agent...so I went ahead and applied.

    During the interview, the woman mentioned that one of the requirements was to get my real estate license within 90 days of being hired. I figured, “Okay, sure, I can do that,” assuming it was for some legal compliance reason. But as the interview went on, it started to feel more like a bait-and-switch. It seemed like they were actually trying to recruit someone to train as an agent under them, possibly so they could profit off bringing in new agents...?

    When I asked more questions, the agent was pretty vague and didn’t clearly answer whether the role was actually for a full real estate agent position.

    Is this a common tactic in the real estate industry? I really don’t want to become an agent and made that clear during the interview. Honestly, I’d much rather continue freelancing or doing contract work, which I even mentioned.

    It just feels a bit off. Like, why not just be upfront about wanting to hire agents? Is this shady, or is it just how the industry works to find better recruits or something? I can't figure out why they'd do this.

    She had me take an assessment and now I'm scheduled for a second interview. So I'm trying to figure out if I should even continue with this.

    30 Comments
    2024/11/08
    20:36 UTC

    1

    Seller Credit post inspection

    In Maryland, buyer can request repairs or seller credit. Do you usually request a specific number when first asking for seller credit? If too high, seller may balk, but there are over $20,000 of repairs. Should we ask for 25k and settle on $15,000? If seller rejects outright buyer probably walks. I have tried to prep the buyer for multiple scenarios. If you have examples I would be very grateful.

    7 Comments
    2024/11/08
    20:13 UTC

    4

    Is the market really this bad?

    25M looking to rent an apartment on the South Shore in Mass. Minimal expenses since I'm full time WFH, pocketed 70-80% of my paycheck for the past 3 years. I decide I want to move out of my house, and go online to see that literally everything is just completely unattainable even with all of the money I've saved up. Is there really no other option except pray for a raise or wait 5 years? Looking for any advice, tips, etc.

    16 Comments
    2024/11/08
    19:23 UTC

    13

    2024 Rookie Agents - How’s Your Year Been? Let’s Share!

    I’m a 2024 rookie real estate agent in Ontario, and we all know it’s been a tough year in the market. I thought it’d be cool to start a thread for first-year agents to share our experiences—good or bad.

    Here’s my story:

    • Location: Ontario, Canada joined eXp
    • Licensed: April 2024, started part-time
    • Full-Time: Went full-time in September after - losing my other job

    Deals so far:

    • 4 closed leases (3 tenant, 1 listing)
    • 1 listing cancelled and fell through (seller’s issues)
    • Business for sale (active since Oct )
    • Commercial sale going live this week

    Strategy:

    • Focused on leases early on for experience
    • Pivoted to buy/sell in late summer
    • Tried open houses and door knocking (not much luck)
    • Almost all leads came from online marketing
    • Collaborated with other agents to post their listings

    Looking ahead:

    • Taking November to plan for 2025 and hoping to hit the ground running!

    Would love to hear how other new agents are doing. Let’s share tips, wins, and struggles!

    ————-

    TL;DR: Rookie Ontario agent licensed in April 2024. Started part-time, went full-time in September. Closed 4 leases, 1 sale fell through, and working on a commercial deal. Found most leads online. Taking time to plan for 2025—let’s share our journeys!

    24 Comments
    2024/11/08
    17:22 UTC

    1

    GA Real Estate Database?

    Does anyone have an uptodate Georgia Real Estate Database on Grec? I am wanting to get the word out about CE class that we're offering

    1 Comment
    2024/11/08
    16:25 UTC

    Back To Top