Join Summit Realty Group for free LinkedIn training
Free LinkedIn for real estate agents this Thursday April 26th!
With over 150 million users and 2 new users coming on every second, Linkedin has positioned itself as the #1 Social Media site for Professional Networking and Business Development. In this engaging 60 Minute talk, Doug Taber with LinkedAid will discuss Linkedin concepts that will improve your Business Development results and help you to build your network.
• 3 Steps to STAND OUT with your profile
• How to MAKE IT RAIN with Linkedin
• Live Linkedin Sessions
• Interactive Q&A
Space is limited.
Reserve your Webinar seat now at:
https://www4.gotomeeting.com/register/623442831
Date:Thursday, April 26th, 2012
Time:10:00 AM – 11:00 AM PDT
After registering you will receive a confirmation email containing information about joining the Webinar.
System Requirements
PC-based attendees
Required: Windows® 7, Vista, XP or 2003 Server
Macintosh®-based attendees
Required: Mac OS® X 10.5 or newer
Summit Realty Group CO hires Steve Hanson as Colorado state manager
John F. Manno, Summit Realty Group, Colorado Broker/Managing Partner, has announced the appointment of Mr. Steve Hanson as their Colorado State Manager. Most recently with Keller Williams Realty Downtown with previous experience as a builder and developer in Colorado he has been active in the industry for over 30 years. Steve’s main focus will be leading Summit Realty Group’s expansion of the Colorado agent base. Based in the Denver area, Steve Hanson will be available for special events, speaking engagements, networking, and the development of vendor relationships across the state.
Powered by four industry leading 100% commission programs and cutting edged web-base virtual office technology, Summit Realty Group’s agent command center offers today’s progressive real estate agent a seamless, efficient, and cost effective platform to call home. With the appointment of Mr. Hanson, Summit Realty Group Colorado continues their commitment and vision of being the cutting edge of “the future of real estate” one agent at a time.
If you are a Colorado real estate agent, or know of an agent, interested in Summit Realty Group’s turn-key web base real estate brokerage platform, allowing an agent to retain 100% of your hard earned commission, please visit their website today at www.summitrealtygrp.com.
For additional information, contact Steve Hanson, 720-226-4397 or [email protected]
The 4 Best 100% Commission Programs in the Industry
Top Markets for Real Estate Agents
By Andrea V. Brambila
No matter the state of the housing market, there are real estate professionals doing business. Despite gloomy housing and economic news at the national level, real estate agents and brokers in some markets are seeing a high dollar volume in home sales due to rising prices and relatively vibrant local economies.
Inman News examined total sales, median sales price, real estate licensee data and Realtor membership counts in dozens of metro areas across the country to develop a list of 10 metros where real estate professionals are doing comparatively well in terms of sales and average total dollar volume in sales per Realtor.
The average total dollar volume in sales per Realtor was calculated by multiplying the average number of sales per Realtor by the median sales price in a given metro in the 12 months between June 2010 and May 2011.
Half of the markets on the resulting list are in the South (four are in Texas), three are in the West, one is in the Midwest, and one is in the Northeast. The 10 markets are, in order: Seattle-Bellevue-Everett, Wash.; Fort Worth-Arlington, Texas; Denver-Aurora-Broomfield, Colo.; Salt Lake City; San Antonio-New Braunfels, Texas; Pittsburgh; Dallas-Plano-Irving, Texas; Kansas City Mo.-Kan.; Austin-Round Rock-San Marcos, Texas; and Nashville-Davidson–Murfreesboro–Franklin, Tenn.
Total average sales volume per Realtor in the year ending in May 2011 ranged from $599,171 in the Nashville metro to $1.54 million in the Seattle metro. Sales per Realtor ranged from 3.2 in the Austin metro to 8.3 in the Fort Worth metro. For some metros, a high median sales price offset a relatively low sales rate to result in a higher than usual average total dollar volume in sales.
While all Realtors are real estate licensees, it’s important to note that in a given market there are some real estate licensees who are not Realtors. And the sales rate per Realtor statistic does not account for sales by non-Realtors — including sales by real estate licensees and for-sale-by-owner transactions — in a given market.
It’s also important to note that two real estate sales associates can profit in every sales transaction, as the typical sale features a real estate agent working on the “sell” side (or listing side) of the deal and another agent working on the “buy” side of the deal. And it is typical for sales associates on both sides of the deal to share a portion of their commission income with their broker.
Seven out of the 10 markets saw their median sales price rise year-over-year in May, and none of the remaining three saw double-digit price drops. On a month-to-month basis, all 10 either saw the sales price remain roughly flat or rise in May. That same month, the U.S. median sales price fell 3.2 percent on a year-over-year basis, to $152,000, according CoreLogic data.
Seven out of 10 markets had a median sales price higher than the national median ($150,500) in the 12 months between June 2010 and May 2011. Median prices ranged from $107,250 in the Pittsburgh metro to $302,000 in the Seattle metro.
Not surprisingly, the 10 metros, chosen for their total sales and total dollar volume in sales per real estate professional, turned out to have better-than-average local economies. None of the 10 markets had unemployment rates higher than the national rate in June, according to data from the Bureau of Labor Statistics.
Only the Seattle market had a rate equal to the nonseasonally adjusted national rate of 9.3 percent, while the rest had lower jobless rates. Nine out of 10 markets had lower foreclosure rates than the national rate in the second quarter, when 1 in 111 housing units nationwide received a foreclosure filing, according to data from foreclosure data site RealtyTrac. Only Salt Lake City had a somewhat higher rate, with 1 in 108 units in the area receiving a foreclosure filing.
According to the National Association of Realtors’ state existing-home sales data, there was an average of five sales per Realtor in the second quarter of this year. Among the top 10 states with a high rate of sales per Realtor, most were in the Midwest or the South.
|
|
Q2 2011 sales |
Membership as of June 30, 2011 |
Sales per Realtor |
| United States |
4,860,000 |
1,022,413 |
5 |
|
|
|
|
|
| ALASKA |
24,800 |
1,318 |
19 |
| OKLAHOMA |
78,000 |
8,494 |
9 |
| SOUTH DAKOTA |
14,400 |
1,586 |
9 |
| WEST VIRGINIA |
25,200 |
2,823 |
9 |
| IOWA |
55,600 |
6,315 |
9 |
| ARKANSAS |
58,000 |
6,637 |
9 |
| OHIO |
231,600 |
27,237 |
9 |
| NORTH DAKOTA |
12,000 |
1,446 |
8 |
| MISSISSIPPI |
41,600 |
5,089 |
8 |
| NEBRASKA |
32,400 |
4,039 |
8 |
Source: National Association of Realtors.
For data-quality purposes, only markets with at least 1,500 sales posted in May 2011 were considered for this report. While most of the 10 states above also posted high sales rates for real estate licensees (not just Realtors), most metros in these states did not meet the 1,500-sales-count threshold and were therefore not included in this report.
Another consequence of this threshold is that the populations of each of the 10 markets exceeded 1 million, and ranged from 1.1 million to 4.2 million.
Nine out of the 10 markets are projected to see double-digit population growth by 2020, according to data from data analysis firm ProximityOne. While the national population is expected to rise 8.9 percent between 2010 and 2020, each of the 10 markets except Pittsburgh is expected to see double-digit increases, from 10.6 percent in the Kansas City metro to 33.1 percent in the Austin metro.
The Pittsburgh area’s population is expected to stay virtually flat at 2.4 million.
Notice to Public about a malicious real estate company
It has been brought to our attention that the company, The Virtual Realtors Group, has been sending emails and posting Internet videos from accounts owned by Summit Realty Group attempting to show affiliation with Summit Realty Group and/or cause damage to the Summit Realty Group brand and reputation. Virtual Realtors Group has also posed as Summit Realty Group in at least one instance in order to attempt, which failed, to recruit brokers in another state to join their company. In more than one instance, The Virtual Realtors Group has attempted to hack into and monitor and/or cause damage to the Summit Realty Group office systems. Summit Realty Group has stopped each attempt thanks to the help and support of Real Estate Tomato and GoDaddy. Summit Realty Group has concrete evidence of these fraudulent actions and has turned over this evidence to the proper authorities. Summit Realty Group would like to make it public knowledge that it is in NO WAY affiliated with The Virtual Realtors Group.
The real estate company, The Virtual Realtors Group, has based their real estate commission programs off of Summit Realty Group’s commission structure in an attempt to benefit from and reach the same level of success as Summit Realty Group. The Virtual Realtors Group has also attempted to offer similar benefits, resources, and marketing tools as Summit Realty Group. These so called resources, marketing tools and The Virtual Realtors Group benefits they state they offer are no comparison to what Summit Realty Group offers their clients and agents and should not be construed as being “similar” or on the same level.
Summit Realty Group prides itself on being the leader in virtual real estate brokerages. The level personal support Summit Realty Group offers is unmatched by any other virtual real estate company in the business. The interactive state of the art Summit Realty Group back office system is constantly evolving with the changing real estate market, helping real estate agents to work more efficiently while increasing their sales production. No other back office system compares!
Summit Realty Group is the future of real estate today and the original brokerage with 4 industry leading 100% commission programs. Other brokerages may follow or imitate but Summit Realty Group will always lead.
Summit Realty WA and Another Happy Client in Kirkland
Congratulations to Christina Goddard of Summit Realty WA on another successfully closed transaction and rave client recommendation. Christina Goddard joined Summit Realty Group last year and has been a important piece to our expansion into the Washington real estate market.
“Christina Goddard was our agent when we moved to Kirkland in 1998. We knew nothing of the area or the housing market. Christina found us the perfect home and saw to all the details while we went through the transition. She has also assisted us with another real estate transaction. She has been available over the years to answer our questions and also to help generously when our grown up kids have called her for advice. She goes far beyond the call of the job in so many ways. Christina not only knows the area and the process of buying and selling, but she knows people, and knows and understands the human side of real estate transactions. We recommend her to friends who are always as pleased as we are.”
Summit Realty in Washington, a part of Summit Realty Group, currently has real estate agents in King county, Skagit county, and real estate agents in Clark county. Summit Realty WA is expanding to nearby counties this year. Summit Realty WA has 4 industry leading 100% commission programs to choose from and is part of the fastest growing 100% commission brokerage, Summit Realty Group. Come see why so many agents are moving their license to Summit Realty WA.
Realtors Applaud Bill to Speed Lender Response to Short Sales
A new bill to improve the process for approving short sales may soon bring relief to distressed home owners who are unable to keep their homes and hope to avoid foreclosure. The bill, introduced in the U.S. House yesterday and strongly supported by the National Association of Realtors®, would impose a deadline of 45 days on lenders to respond to short sale requests.
The legislation, the “Prompt Decision for Qualification for Short Sale Act of 2011,” was offered in Congress by U.S. Reps. Tom Rooney (R-Fla.) and Robert Andrews (D-N.J.).
“The current short sale process can be time-consuming and inefficient, and many would-be buyers end up walking away from a sale that could have saved a home owner from foreclosure,” said NAR President Ron Phipps, broker-president of Phipps Realty in Warwick, R.I.
“Realtors® and consumers continue to raise issues about delays in the short sale process, because lenders are unable to decide whether to approve a short sale. After many months of delays, and with no response from lenders, potential buyers are losing patience and cancelling their contracts, often resulting in the property entering foreclosure. A short sale minimizes the negative impact on sellers and generally costs the lender less than a foreclosure,” said Phipps.
NAR has been actively pushing the lending industry to improve the process for approving short sales, which represent about 13 percent of recent home sales according to NAR data. Phipps praised Reps. Rooney and Andrews for their efforts on the bill and urged Congress to pass the bill quickly.
“As the leading advocate for home ownership and housing issues, Realtors® want to help more home owners avoid foreclosure by facilitating a short sale when a family is absolutely unable to keep their home; however, that can only happen if lenders and servicers approve short sale offers in a reasonable amount of time,” said Phipps. “Streamlining short sales transactions will reduce the amount of time it takes to sell the property, improve the likelihood that the transaction will close and reduce the overall number of foreclosures. This benefits sellers, lenders, buyers and the entire community.”
The National Association of Realtors®, “The Voice for Real Estate,” is America’s largest trade association, representing 1.1 million members involved in all aspects of the residential and commercial real estate industries.
Washington, April 13, 2011
Information about NAR is available at www.realtor.org. This and other news releases are posted in the News Media section.
The Best Month Ever!
What was the buzz around the Summit Realty Group virtual water cooler in April? Breaking sales records! April was a month to remember as Summit Realty Group broke year over year sales volume and closed transactions. Not only were they broke, but CRUSHED!
With over 60 new agents already for the 2011 year, this 100% commission brokerage is poised to quadruple all previous years statistics before the end of the year. Why are so many agents moving their licenses to Summit Realty Group? High paying commission programs, full broker support, and free training and marketing tools all wrapped up in a simple to use, online office.
Summit Realty Group knows the real estate industry is still, and always will be, a people business. Being a virtual real estate brokerage isn’t just about having the 4 best 100% commission plans in the industry, but also about being able to support our real estate agents 24 hours and day, 7 days a week. Our virtual office platform allows our real estate agents to access documents, transaction files, marketing materials, and training materials when convenient for them, not just during “office hours”. On top of 24 hour access to the online office, Summit Realty Group agents also have easy access to broker and marketing support without added charges or fines that other brokerages charge.
This 100% commission brokerages commitment to being the future of real estate today continues to exceed expectations for real estate agents and their clients. Come see why so many agents are moving their real estate license to Summit Realty Group.
Who is Summit Realty Group?
Summit Realty Group is a Full-Service 100% commission Brokerage specializing in residential real estate throughout the U.S. Inspired by technological advancements and innovative marketing strategies; Summit Realty Group was founded on the principals of developing an eco-friendly, paperless virtual platform for conducting business. We have evolved into an extremely efficient brokerage for real estate agents to consider hanging their license and to achieve their goals during these economic times. We are the future of real estate today!
We Have Developed a System that gives our “mobile agents” all the necessary tools without the hassle and very high cost of the traditional office giving them the ability to focus and prioritize what is important and what isn’t! Our streamlined platform and comprehensive system is giving our agents the much needed education, training, tools and broker support to be successful in this very competitive industry. Our platform is very simple, yet powerful, offering our real estate agents the the best tools, resources, technology, training, education, world class support and commission options available to grow their business. Our in-house marketing department is another valuable asset available to our agents. Summit Realty Group has developed an online community replacing the old traditional office allowing our real estate agents to communicate with one another creating a positive and conducive culture. It truly has replaced the old brick and mortar office. We are extremely excited about our system and growth potential even during these uncertain times. Our streamlined system is cost effective for both us and our real estate agents and is the foundation to sustainable long-term growth. The icing on the cake is our 4 industry leading 100% commission programs. Our business model is creating exciting opportunities for real estate agents, real estate brokers and recruiters.
Our Mission is to be at the forefront of the ever-changing real estate market by implementing new and resourceful ways to buy and sell real estate. Summit Realty Group is leading the way in virtual real estate and our “mobile agents” are held to a higher company standard of facilitating every transaction with professionalism and compassion for their clients’. We strive for excellence and our goal is to provide our vendors, partners and clients the best possible solutions.
Real Estate Agents interested in joining Summit Realty Group San Diego can contact Travis Breton direct at (760)470-2752 or by email at [email protected]
Strategic Partnership – Sprint (the now network)
Summit Realty Group has developed a strategic partnership with Sprint (the now network) to further enhance and strengthen our abilities to supply our agents with the most advanced and cutting edge tools available in the industry today. Having the capacity of being a “Mobile Agent” in today’s ever changing and technologically advanced marketplace, is paramount to competing as a real estate agent. It is our commitment to continue to support and meet these challenges, so our agents have the ability to exceed their clients needs and expectations. If you would more information about these exciting opportunities please click here
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