For the uninitiated, a real estate broker is one (or a firm) who acts as mediator between sellers and buyers of real estate. They also market and put together deals. Hmm… If you are a good RE Broker, then chances are you are very affleunt and handle very exclusive accounts.
Or, you are a newbie who is trying to break into the real estate market by not actually purchasing any real estate.
It sounds to me that brokers do nothing outside of what an experienced RE investor can do on their own. So, why do we have brokers? When real estate companies wish to capitalize on fees and “add-ons”, they come up with things like brokerage, handling services and negotiation representation. All things that you will be charged for. And all things you can do yourself for nothing.
In this particular real estate market, we have a large supply and a lower demand, which is causing prices to drop. This also means brokers are out of work. Some brokers are trying to move devalued real estate. And some are trying to convince buyers to buy. Bottom line is without buyers and sellers and enough cash to support both, you have no real estate brokerage business.
Save some money and handle real estate yourself. Keep as many transactions in-house as possible. This includes locating properties, negotiating deals and representing yourself and/or company.
Let the brokers move their businesses to insurance.
-Richard – www.TheFlipBoard.com
|
|
|
[...] unknown wrote an interesting post today onReal Estate Brokers are â??brokerâ?? than you! | The Flip BoardHere’s a quick excerptSave some money and handle real estate yourself. Keep as many transactions in-house as possible. This includes locating properties, negotiating deals and representing yourself and/or company. Let the brokers move their businesses to … [...]
[...] Richard wrote an interesting post today onReal Estate Brokers are â??brokerâ?? than you! | The Flip BoardHere’s a quick excerptThe Flip Board – From Web Mogul to Real Estate Millionaire. [...]