u/Best-Beyond1746

Tip for people new..

Rant....

I get a call about 6 months ago from this guy who just started at my company (I'm a broker). He says he looked up my numbers and I'm one of the top producers at said company in our area so he wanted to hear about what works for me. I tell him I'm by no means a top producer but I have started to have some moderate success this year and I would be happy to tell him whats worked for me. Over the next several months I help the guy out with tips and many phone calls and you could say mentoring him. I even meet up with him in person a few times for coffee.

Shortly after I start seeing signs that this guy is doing the opposite of everything I tell him to do. Literally the opposite. Trying to chase the most niche/ unique deals and products we have, not connecting with realtors or making daily calls, not going to enough open houses, going down the reverse mortgage path, talking about how AI is the answer to all his problems....just on and on and on. Guy literally doesn't do one deal in over 6 months but every time we talk he acts like an expert on every topic, so embarrassing.

I finally heard the most un-surprising news that he left the company for greener pastures at a new broker where I am sure all his problems will be solved lol. Anyway just venting. I love helping new people and collaborating, this is such a hard business, but I will be cutting people off much quicker next time when I see signs like this early on.

A note to new people, its really simple. If you want help just ask and be humble and try to follow the advice people are giving you. I dont think the basic fundamentals of prospecting have changed for 100 years, its not some huge secret, most people crushing it are willing to talk, but why even bother reaching out if you want to do your own thing anyway!

reddit.com
u/Best-Beyond1746 — 16 hours ago

Question Regarding Rocket Local "Executive Loan Officer" position

Hey guys and gals! Broker going on my 3rd year. Talked to a recruiter at Rocket about there ELO position that opened up in my area. Sounds like minimum wage salary plus 110bps on self generated and 75bps on compass/ redfin deals. Don't quote me on exact BPS, this is just what I gathered from brief call.

I don't really understand why the compass and redfin deals you get a lower comp on because it sounds like these are not "provided leads", so how is this still not self gen? Maybe they are steered to you somehow, it was pretty unclear by the recruiter I talked talked with.

I spoke with a local rocket guy in my area to get a price check on a file not long ago, pricing was honestly pretty shit compared to what I am as a broker. 1 point where I was at not points and higher rate.

I'm sure theres some benifits with working for rocket. I obviously like the idea of benifits and a salary. Would love to here from others on this if you work there, what you think etc.

reddit.com
u/Best-Beyond1746 — 16 days ago