Evergreen Referral Services: How Much Are You Paying to Stay in Real Estate?

If you add up ALL the costs of running your real estate business, it’s little wonder so many are simply not making it in today’s market. How would it look if you stopped paying to stay in Real Estate and start getting paid…without all the expenses?!

CASE IN POINT

I was talking with a good friend (a Top Producing Broker too) the other day about what we are doing at Evergreen Referral Services and she remarked how she and many of our colleagues currently have (OR HAD) homes on the market that are either Short Sale or have already been Foreclosed on. I knew she was trying to sell her home last year but I didn’t know it was a Short Sale? By the way…it didn’t sell!

Then our conversation went on to talk about her current book of business. She confessed to me that 3 out of 4 of her Sellers who are Short Sales themselves don’t actually close! I asked her how much she usually spends per listing and she told me a miminum of $1,000.00 with carry costs, staging and other marketing expenses! That’s an average of $3,000.00 out of her pocket before (and if) she ever see’s a commission. And with her average price of around $250,000.00 and market times around 6-9 months…well, you can do the math!!! In fact, let’s do the math right now!

Say she lists 4 Short Sales every month and only 1 closes at an average sales price of $250,000.00…here we go.

Monthly Expenses…$3,000.00

Monthly Income…$4,800.00 ($250,000.00 sale at 3%=$7,500.00 minus her Brokers Fee of 36%…This is without even factoring taxes and other standard fees Brokers also pay). That’s an average monthly income of $1,800.00 or $450.00 a week or just over $11.00 an hour!

Now, let me just say…this is by no means a slam on her Broker or am I calling out any Brokerages for trying to earn an honest buck! We know Brokerages are having an even tougher time and we want nothing but the very best for every single Real Estate Business out there including Brokerages…and since they do a ton for their agents and Brokers, I whole heartedly agree they deserve every penny they get!

The reality of today’s market is some are simply not going to make it at their current rate. Stop paying to Stay in Real Estate and talk to me about Evergreen Referral Services. I’m sure we can help you find a solution!

Evergreen Referral Services: Introducing A Totally Different Kind of Real Estate Brokerage.

This real estate market is experiencing a paradigm shift of unparalleled proportions.  Many hard-working men and women in the real estate industry built up profitable businesses only to see that business collapse under them.  As we watched the effect this market has taken on these professionals we developed an idea that has ultimately become a new Real Estate Brokerage…Evergreen Referral Services, LLC.

When this market correction began some 4 years ago, we all watched as many of those who got into Real Estate for the ease of a fast commission…just as quickly get out!  As the correction deepened, so did the resolve of so many sturdy Real Estate Professionals!  However, it’s becoming ever more evident this correction was taking a toll on even the most intrepid of Real Estate Professionals who are looking for every possible way to stay in business…even if they are no longer actively listing or selling Real Estate. We think we have the solution!

At Evergreen Referral Services, LLC., we’ve come up with a Business Plan that reaches out to those specific Real Estate Professionals that are interested in keeping their License active for the sole purpose of referring out business from their database of past as well as current and future contacts.

We offer a super low Annual Fee of just $75 to hang your license with us. We do not have membership in either NAR or any MLS saving you around $600- $900 a year, depending on your location.  There are no Office Fees or E&O costs.  All we charge is a small Transaction Fee from $100-$400 depending on the referral amount received…that’s it, YOU KEEP THE REST!

We don’t dictate what referral fee you can charge; we don’t tell you who you have to send your referral to – you are free to send your referral to any licensed agent in the United States or Canada.  And!!! You get $50 of your annual fee rebated on your first referral closing each year.  And if you wish to re-activate your license we will wish you well and not try to ‘encourage’ you to move to any specific company  -  in other words, we are a totally independent referral company! 

If this is a system that you’ve been looking for, give Designated Broker, Patrick Flynn, a call at 206-228-1900 and let him help you keep you license active and truly work by referral only!