Feeling Pain of Cooling Market, Good Real Estate Agents Create New Company #Entar
Downtown Los Angeles — Readers of the L.A. Loft Blog are privy to the behind-the-scenes creation of a new kind of real estate company coming to the area. As the Los Angeles real estate market cools, homeowners are snug and holding tight to their current residences. While few would ever shed tears for struggling real estate agents, the reality is that there are only about 1/3 as many transactions in Downtown L.A. compared to a few years ago. This results in nearly all real estate agents seeing a serious reduction in their overall finances, with many finding that they need to change their careers.
Real estate professionals also face a longer term issue of increasing technology and less need to use a real estate agent to purchase a property, thanks to iBuyer services that provide innovative ways for home buyers to see properties without the help of a buyer’s agent. Also, services that offer to buy the seller’s home quickly for cash, without the need to take months to market it on the agents’ MLS and elsewhere.
From 1960 to around 1990, the average commission was about 7%. Today, it’s falling toward 5%. Buyer’s agent commissions are about 2.5%, and appear to be headed to 2% or less, while listing agents often get a bit larger percentage of the commission pie at around 3%.
More and more listing agents are keeping all of the commission, offering to share nothing with the buyer’s agent.
This is all ok news for home sellers, but deadly for the careers of traditional real estate agents. | VIDEO
Entar Real Estate
The solution for the industry calls for real estate agents to provide more value using the latest technologies along with improved customer service to guarantee home sellers that their home will be sold at a price acceptable to them or the agent will buy it. This proposal has proven to be the most cost-effective for Downtown Los Angeles condo sellers, getting the urban home sellers more money ($16,760 more on average), a faster sale (44% faster), and a successful sale. The listing agent has a proven system that accomplishes these objectives, reason being that the broker has more than 4,365 buyers in their database looking for a home.
About 100 of the best local real estate agents are coming together, combining their best resources to create a new company, called Entar Real Estate. Downtown LA home sellers can take advantage of the newer, more powerful real estate company that guarantees home sellers better results while also guaranteeing to help the real estate agent earn $100,000 more than they made last year.
The new Entar Real Estate official launch date of October 2020 is a while off, but the good news is that the pre-launch is October 2019, and home buyers, sellers, landlords and agents can already get access to many of Entar’s features today from the Corey Chambers Team. Get free help by getting on the Entar radar — the new Entar Real Estate company interest list. Click the selection that best describes you or your goal:
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Copyright © This free information provided courtesy L.A. Loft Blog and Entar.com with information provided by Corey Chambers, Realty Source Inc, BRE#01889449 We are not associated with the homeowner’s association or developer. For more information, contact (213) 880-9910 or visit LAcondoInfo.com Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.