| Why should you
consider Carriage Realty? by Dave Higgins
In many way an agent will use the same criteria to choose a company that a
seller uses. So from time to time the information below applies to both.
Choosing a company to work with can be the biggest, most critical decision an agent can
make.
Myths
There are several myths believed by new and seasoned agents, sellers and buyers.
Myth #1
The right company will get business for me!
The fact of the matter is that business generated by the office may go to a preferred
agent; someone so called schooled in the art of dealing with relocation people, etc. Most
of the time the office or manager get a percentage of the commission and the agent is left
with whatever is left.
Myth #2
I need a company with a big name!
Television is a powerful tool. The nationwide company spend millions to convince the
public and their agents that a big name is important. The fact is that all the TV
advertising never sold a single house. People do business with people. Houses are bought
and sold by agents working with clients. Clients want an honest and diligent agent to work
for them.
Myth #3
The bigger the office the better!
Some agents get listing by touting that because they are a part of a big office the
sellers house will sell faster. One agent claimed to sell 90% of the homes in a certain
subdivision and he was a part of a large office. When a study was made, it was found that
of all the homes he listed, 20% canceled, all that sold where sold through other agents
and only one of the other agents was in his office. The truth of the matter is that when a
house is listed and put on the Multiple Listing Serves (MLS), it becomes available to
thousands of agents and it is no surprise that an agent in another office would have the
buyer .
Myth #4
The bigger companies have better ad programs Because they are large and may
have many listing, they can't advertise all there listings through the news paper and
other printed media. Many times, if the company publishes a magazine of homes, the
magazine is not seen by the general public because competitive office will not make it
available. Carriage Realty advertises in the two magazines that can be found in all the
supermarkets and in most real estate offices. One is Harmon Homes and the other Select
Homes.
The truth is that Mr. & Mrs. Seller, who have lived in there house for 30 years,
couldn't care less about all of the above. They simply want and honest agent who will work
hard with the best tools to market their home.
In todays changing real estate market, agents (and clients) should find the company
equipped with the best tool and latest technology to get the job done. So lets take a look
at the tools
What are the tools you need?
There are essential tool and then there are expert tool. The essential tool are available
at any office and all Realtors use them. Carriage Realty is an office that equips the
agent with expert tools so as to set the company and agent apart from other real estate
companies.
Basic (essential) Tools
License
It goes without saying that an agent must have a license; that's the law.
Training
The training given to prepare an agent to take the state exam to get a license in no way
covers the many skills that are needed to sell real estate. Several of the big companies
have training programs to develop the art of selling. Several agents attend together and
there is little or no one-on-one tutoring. At Carriage Realty agents are coached and
trained on a daily basis.
Multiple Listing Services
The next most essential tool is the MLS. In the Chicago land area there are two MLS that
cover an area from the southern suburbs to Rockford, to the state line. In other words all
of Northeastern Illinois. There are also real estate boards. If the office is a member of
a given board, it is usually required that all agents in that office be members also. Only
members of a board can be members of the larger MLS which is called Multiple Listing
Service of Northern Illinois (MLSNI). However, the other service is called MAP MLS. It is
the original MLS and many agents in some areas prefer to use it.
All the offices that are members of the Lake County Association of Realtors® or the
Northshore Board of Realtors® are also members of MLSNI. However, very few are members of
MAP. Because we feel the seller will get better exposure Carriage Realty is a member of
both. We find that the added membership helps us get listings. Furthermore, MAP publishes
the "Select Homes" magazine and only members can advertise in it.
Advertising Program
Agents and sellers both want to be sure the there homes are presented to the general
public. While the MLS is the most powerful tool, it is passive and can only be accessed by
agents. An agent must present a criteria to it and it will in-turn give the agent all the
properties that match the criteria. Advertising on the other hand takes the property to
the public and in doing so may interest a buyer for that home or another. The seller,
company and agent benefit from advertising. More??
Expert Tools
Few companies have attempted to tap the power of the Internet, Radio and Television. None
have take them to the level of sophistication as has Carriage Realty. These are the Expert
Tools.
Internet
The Internet is becoming a very important part for all commerce and
especially real estate. The following is a list of some of the benefits.
Exposure of a listing to a greater
audience.
When a property is listed with Carriage Realty, people surfing the Internet can get
information from all of the following eight (8) website:
www.Realtor.com
(The site for The National Association of Realtors) with a link
to www.carriagerealty.com
www.homeadvisor.com (A Microsoft site.)
www.cyberhomes.com
www.homeseekers.com
www.chicagotribune.com
(with a direct link to www.carrriarerealty.com
www.dailyharold.com
www.harmonhomes.com
www.carriagerealty.com
At the Carriage sight viewers can see several views, here a narration of the
property, get a dossier on the listing agent and make direct e-mail contact. |
Greater
exposure for agents.
At Carriage Realty an agent has his own web page which is linked to his
e-mail. The webpage promotes the training, expertise and skills of the agents. From the
home page of carriagerealty.com, viewers can select "Agent Profiles" get a list
of all our agents with a thumb nail photo. Clicking on an agents photo brings up the
agents webpage with a dossier and other information about the agent. The viewer can send
an e-mail message to the agent which is sent directly to the agents pager. People want
prompt service and this makes it possible.
Pagers
Each agent is provided with an alpha/numeric pager. This helps the agent keep in touch
with the office, their clients and the Internet. The office can send a type written
message to the pager. The client can call the pager and leave a voice mail message or key
in their phone number for immediate response. The e-mail messages from the Internet are
sent directly to the page
Voice Mail
Calls taken at the office can be sent to voice mail when agents are not in the office. We
will show you how to have your home phone and/or your cell phone switch callers to your
voice mail when your phones are busy or unanswered. The best part is that within minutes
of a caller leaving a message, you are paged to let you know that you have a message
waiting.
We have found that buyers and sellers want to be in close contact with their agent
and the Carriage Realty programs make that possible.
Best Listing Programs
If there is one thing our competition doesn't like about Carriage Realty is that we do
more for the client and charge them less.
The one thing sellers dislike the most is the high commission costs. We believe that if
General Motors and IBM found ways to give a better product or service at a lower price, we
have to do the same. However, lower cost to the seller does not mean lower commissions to
other co- operating offices that would show our listings. The seller make the decision but
we always recommend a fair compensation. Also, we do not expect our agents to earn less
than they would working with another office. We can demonstrate that working with Carriage
Realty you would earn from 15% to 27% more.
Best Commission Program
It is worth pointing out that some of the large companies charge you an initiation fee.
This could be as much as $500 for the privilege of them bring them sales The typical
office pays 50% of a commission earned after first subtracting franchise fees, legal fees,
signs, and etc. This could reduce the percentage to as little as 45%. That means if you
sell a house for $200,000 that pays 3% to the selling office which is $6,000, you would
get about $2,760 and the office would keep $3,300. At Carriage Realty you would get $3,600
and Carriage would get $2,400. After you have some experience and certain equipment your
commission on the same sale would be $4,800 or more. Last year an agent that started with
us just after receiving his license made $84,000. You can do it too.
The Cost to Get Started
Real Estate sales people are independent contractors who work for the broker who manages
an office. So in many ways the agent has his own business within the office of the
company. There are several startup costs new agents must pay before they can get started.
Prelicensing School
Courses are available through the local junior college and through several real estate
offices. If you looking for a location near you, let us help. Call 847-367-4200 and ask
for Dave. The state requires 30 hours and the cost varies from $150-$200.
State Exam and Licensing
After you have finished the prelicensing school and successfully past the exam, you are
entitled to take the state exam. A passing grade is 75%. The cost of the state exam is
$100.00. After you pass the state exam you must be sponsored by an office and work under
the supervision of the broker managing that office. We hope this is where we fit in. The
broker will prepare a 45 day sponsor card and will mail your state test results to
Springfield and your ready to go to work. Within the 45 days, the state will mail your
official license and pocket card. The license is displayed on the wall of the office and
you keep you pocket card with you at all times.
Board and MLS Membership
Most offices in Lake County are members of The Lake County Association of Realtors (LCAR).
The cost for a new member to join is $350 for initial training on contracts and etc. plus
$264 annual dues. There is also a monthly charge after you've joined.
Office Costs
Some companies require several hundred dollars to join their office. The cost is for some
basic supplies like business cards and open house signs. Carriage Realty does not charge
agents to join the office. We know the startup costs for new agents is high and we try
help as much as possible. Lets talk about how you joining Carriage Realty can be
beneficial for you with the lowest outlay. Maybe the answer is to start as an assistant
and be paid by the hour while you learn the business.
Summary
Carriage Realty has the best marketing program for homes.
Carriage Realty has the best commission program for agents
Carriage Realty equips agents with expert tools like pager, voice mail, e-mail, personal
website.
Carriage Realty offers personal tutoring for the fastest and best results.
Call today and as for Dave Higgins for personal interview. 847-367-4200 |