Struggling Real Estate Agents and Brokers Are Looking for Money Making Alternatives

Released on = July 8, 2005, 3:22 pm

Press Release Author = kimclass.com/Kim

Industry = Real Estate

Press Release Summary = Realtors find new ways of making money after industry trends look grim.

Press Release Body = Scottsdale, AZ – July 8, 2005 --Struggling realtors are gaining in popularity. The U.S. Department of Labor says, “The use of technology may eliminate some marginal agents, such as those practicing real estate part-time or temporarily between jobs. Such workers generally are not able to compete with full-time agents who have invested in the technology.” Recently the attractiveness of becoming an agent and making money on the side has declined as increasingly complex legal and technological requirements are raising startup costs
associated with becoming an agent. “

“At least 10 realtors within the last month have told me they have been in the industry for six months to a year and have made less than one sale!” says, Kim, with www.kimclass.com. Kim teaches Realtors how to do Broker Price Opinions for banks as an alternative income source. “Yahoo and MSN Realtor support groups are being flooded with new realtors “trying to make it” in the business.”

Broker Price Opinions are an alternative income resource for Realtors who would like to supplement their income or make a full-time living. A BPO is ordered from banks like Wells Fargo and Citibank who would like to know what properties are worth for
homeowners getting home equity loans. There are only a few good BPO companies that hire Realtors on a contract basis to fulfill orders for banks. Realtors who become vendors for these companies pull comparable sales and tax data, upload the photos
and submit the information required back to the BPO companies all online virtually. This enables the Realtor to create his or her own schedule, work from home and have a solid and reliable income source coming in. More and more realtors are choosing
to make money lucrative corner of the real estate industry so they do not have to deal with the unpredictability of “having to make the next sale.”

According the the U.S. Department of Labor employment of real estate brokers and sales agents is expected to grow more slowly than average for all occupations through the year 2012. Increasing use of information technology will continue to raise the productivity of agents and brokers, limiting the potential for job growth to a certain extent. Prospective customers often can conduct their own searches for properties that meet their criteria by accessing real estate information on the Internet.

Real estate agents and brokers will continue to experience some employment growth due to the increasing housing needs of a growing population, as well as the idea that real estate is a good investment. Low interest rates should continue to
stimulate sales of real estate, resulting in the need for more agents and brokers.

The median annual earnings of salaried real estate agents, including commissions, were $30,930 in 2002. The middle 50 percent earned between $21,010 and $52,860 a year. The lowest 10 percent earned less than $15,480 and the highest 10 percent earned more than $83,780.

“This means that there are thousands realtors in the U.S. that are not producing the amount of sales they want to,” says Kim. “In some markets realtors are taking buyers out to look for houses and are not able to close one single sale because there are twelve other offers written on the first day of a listing!”

Although gaining a job as a real estate agent or broker may be relatively easy, beginning agents and brokers may face competition from well-established agents in obtaining listings and in closing a sufficient number of real estate sales. Well-trained, ambitious people, who enjoy selling, especially those with extensive social and business connections in their communities should have the best chance for
success.

For information: http://www.kimclass.com or
Contact: azattractivehomes@hotmail.com
Phone: 602-230-4185

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Web Site = http://www.kimclass.com

Contact Details = Contact:Kim
kimclass.com
Scottsdale, AZ 85254
Phone: 602-230-4185
http://www.kimclass.com
azattractivehomes@hotmail.com