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I became an agent for this reason. As you get into it, you will realize it is not as simple as it appears on the surface. Not that hard, but at some point you may wonder if it is worth the time.
I ended up buying a short sale for me, and using what I learned, have offers in for co-workers and friends.
To get into the properties, MLS access is not enough. You will also need a Supra key and as far as I know, you will need to join the NAR for that (sucks).
The idea I have for you to cut commissions is go for short sales and have the listing agent write it up. Most banks will make the agent cut the commissions to about 4%. You should be able to get about 10% under market on a SS.
Is it true that the RE agents will know the future properties going to come to the market in the next 10 to 20 days?
I was talking with one agent yesterday about a property which went onto sale pending and she told me that one more property is going to come in the same street, she did not tell me the address but said it is going to come soon.
Can some one tell me is it true that they have access for future listings too?
@crazydesi
I can imagine that an experienced agent would have established a network circle with other agents. At the very least, there should be an open communication with his/her colleagues from the same office/company. In your scenario, the seller's agent is part of your agent's network, and thus received a pre-alert prior to MLS posting.
Can some one tell me is it true that they have access for future listings too?
A) They are likely using public records that you'd have access to along with the MLS to see foreclosures.
B) Also, there are what they call broker tours. They advertise to other brokerages to make them all aware of it first before putting it on the MLS. There probably is a little bit of collusion and backscratching there.
But since your agent didn't have a clue as to when it will come, I want to say A.
In CA, there are agents and brokers. For both you have to take a series of online classes and a test to be licensed. An agent must work for a broker and from what I understand, doesn't have access to the MLS in the same way without it. I would qualify to be a broker (because you only need a 4 year degree or 2 years agent experience) but I don't feel like investing 18 weeks as they make you stagger the classes.
So long story short, does anybody have any ideas on how to either get agent access to the MLS- I'm willing to become an agent- or how to bypass a buyer's agent but NOT have the selling agent take the commission? My goal is to lower the sales price by 3% since I do all the work already, I just can't get into the houses on my own.