RE Agts’ Commissions in Paper (JPiper?) - Posted by raelynn mitchell
Posted by raelynn mitchell on January 19, 1999 at 10:26:51:
I have toyed with the idea of obtaining a real estate license lately, what with the access to the MLS system, especially in the way that John Behle used and/or uses his access as a principal instead of on behalf of clients (most of the time, if I understand him correctly).
Here’s what I was thinking and wanted feedback on:
What if an agent in Southern California were to do everything the opposite of most of the Realtors out there do? What I mean is, what if I were to introduce myself in the future (provided I actually do get the license) as, “Hi, my name is Raelynn Mitchell, and I often take paper for my part of the commission.” The theory would be that I would get way more deals than most other agents, sometimes with less work due to word of mouth from investors. My understanding of how most agents operate is, they work with the average homebuyer. That homebuyer may buy a home once every 4-7 years, whereas an investor may be able to buy 6-12 or more homes every year, depending on the deals and how creative he is. The concept is, it is easier to keep a customer you already have than it is to seek out new ones.
Is this a possibility, or would my broker/office manager flood water on my fire?
I think it’s a great idea in theory, but what I am looking for here is the negative side of the coin, the down side, the “Whatever can go wrong, Mr. Murphy?”–side of the story.