{"id":17857,"date":"2021-02-18T07:23:07","date_gmt":"2021-02-18T14:23:07","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=17857"},"modified":"2021-02-18T07:26:10","modified_gmt":"2021-02-18T14:26:10","slug":"overnight-news-without-in-person-real-estate-training-academies-who-will-milk-the-new-licensees","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/17857\/overnight-news-without-in-person-real-estate-training-academies-who-will-milk-the-new-licensees\/","title":{"rendered":"Overnight News: Without in-person real estate training academies, who will milk the new\u00a0licensees?"},"content":{"rendered":"

\"Ya

\u201cThe new Zoom Dog Park is really not working\u00a0out…\u201d<\/p><\/div>Here’s a thought that occurred to me this morning: Who’s going to milk the new licensees?<\/p>\n

Eighty-five percent of all new licensees in Arizona fail within the first two years: They fail to renew their licenses and drift back into the shadows. Cynical brokers opine that everyone has at least three transactions in him, and those brokers will milk non-salesmaniacal non-entrepreneurs for whatever deals they can cough up, before kicking them to the curb.<\/p>\n

The funniest thing about iBuying is that the iBuyers don’t know what business the brokers are in. They think the real estate business is about real estate, when for most brokers the business is milking new licensees into bankruptcy. For a new agent to hit the glide path \u2013 more money coming in than going out, consistently \u2013 is the rarest of outcomes.<\/p>\n

There is much to hate in the agent-milking racket \u2013 but quite a bit less at the moment. Without in-person real estate schools, I wonder if there are<\/em> any new licensees…<\/p>\n

In other news:<\/p>\n

KOMO News:<\/strong> Amid protests and unrest, demand for security jobs in Washington has jumped.<\/a> Irony is the hardest of mettles.<\/p>\n

CNBC:<\/strong> Homebuilder confidence improves, despite record high lumber prices.<\/a><\/p>\n

Housing Wire:<\/strong> New mortgage originations totaled $1.2T in the fourth quarter, New York Fed says.<\/a><\/p>\n

John Daniel Davidson:<\/strong> The Failure Of The Texas Power Grid Is Worse Than You Think.<\/a><\/p>\n

City Journal:<\/strong> Chicago\u2019s Big Education, Inc: The teachers\u2019 union\u2019s outsize power comes at the expense of students, parents, and taxpayers.<\/a><\/p>\n

Don Feder:<\/strong> Our Enemy: The Boardroom.<\/a><\/p>\n

Mark Steyn:<\/strong> The Indispensable Man: Rush Limbaugh, 1951-2021.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u201cThe new Zoom Dog Park is really not working\u00a0out…\u201dHere’s a thought that occurred to me this morning: Who’s going to milk the new licensees? Eighty-five percent of all new licensees in Arizona fail within the first two years: They fail to renew their licenses and drift back into the shadows. Cynical brokers opine that everyone […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[29,26,6,5],"tags":[],"class_list":{"0":"post-17857","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-group-therapy","7":"category-lending","8":"category-marketing","9":"category-real-estate","11":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":651,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/651\/the-headline-buried-in-the-news-real-estate-agents-are-as-safe-as-houses\/","url_meta":{"origin":17857,"position":0},"title":"The headline buried in the “news”: Real estate agents are as safe as houses!","author":"Greg Swann","date":"November 18, 2006","format":false,"excerpt":"It's Saturday, and you know what that means. If the Arizona Republic doesn't piss all over the real estate business, someone might accidentally go out and buy a house. Here's the scoop:Complaints against real estate agents are on the rise, with consumers accusing them of everything from selling property without\u2026","rel":"","context":"In "Marketing"","block_context":{"text":"Marketing","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/marketing\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":7867,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/7867\/california-proposes-to-regulate-realtors-alongside-pawn-shops-and-lenders-and-banksoh-my\/","url_meta":{"origin":17857,"position":1},"title":"California Proposes to Regulate REALTORS Alongside Pawn Shops, and Lenders, and Banks…Oh MY!","author":"Brian Brady","date":"April 14, 2009","format":false,"excerpt":"Assemblyman Pedro Nava sponsored a bill (CA-AB33) to reorganize our state's financial services' regulators to be under one umbrella, the newly created Department of Financial Services.\u00a0 The idea is to save a bunch of money for the State. Of course, CAR is going nuts.\u00a0 Amy Steele reports via ActiveRain.com: AB\u2026","rel":"","context":"In "Big Mother"","block_context":{"text":"Big Mother","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/big-mother\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":19138,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/19138\/redfin-runs-out-of-other-brokers-agents-to-milk-resolves-to-milk-its-own-instead\/","url_meta":{"origin":17857,"position":2},"title":"Redfin runs out of other brokers’ agents to milk, resolves to milk its own, instead.","author":"Greg Swann","date":"October 26, 2023","format":false,"excerpt":"\u201cThere are two real estate brokerage business models: Selling houses or milking agents. Redfin yearns to discover that it can't do either.\u201d \u2013Greg\u00a0Swann I've spent much of this month documenting how ineptly Redfin.com lists homes for sale. It wasn't something I set out to do. I've been dour about them\u2026","rel":"","context":"In "Marketing"","block_context":{"text":"Marketing","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/marketing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2023\/10\/Screen-Shot-2023-10-23-at-8.16.39-AM.png?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":1924,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1924\/supplanting-the-nar-can-we-get-to-a-better-quality-of-real-estate-representation-by-way-of-the-licensing-laws\/","url_meta":{"origin":17857,"position":3},"title":"Supplanting the NAR: Can we get to a better quality of real estate representation by way of the licensing laws?","author":"Greg Swann","date":"September 13, 2007","format":false,"excerpt":"Coming back to this, with my apologies for the delay. I realized I was never going to have time for the whole feast at one sitting, so I resolved to take it on one bite at a time. I want to examine some of the ideas and objections people have\u2026","rel":"","context":"In "Marketing"","block_context":{"text":"Marketing","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/marketing\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":69,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/69\/lets-go-get-sued\/","url_meta":{"origin":17857,"position":4},"title":"Let’s go get sued . . .","author":"Greg Swann","date":"June 30, 2006","format":false,"excerpt":"In a comment below, Jon offers this:What are you talking about? Lawsuits against emongoo, zillow and refin? None of them are doing anything wrong...sorry to say. I looked at emongoo, zillow and redfins sites and I don't see anywhere where they say they give legal advice.First, I only cited legal\u2026","rel":"","context":"In "Disintermediation"","block_context":{"text":"Disintermediation","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/disintermediation\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1546,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1546\/questions-answer-why-real-estate-license-laws-should-be-repealed\/","url_meta":{"origin":17857,"position":5},"title":"Questions answer why real estate license laws should be repealed","author":"Greg Swann","date":"June 15, 2007","format":false,"excerpt":"This is me in today's Arizona Republic (permanent link). This is familiar turf to readers here, but I'm wondering if consumers might invest more effort in contemplating the issue. \u00a0Questions answer why real estate license laws should be repealed The idea of repealing real estate licensing laws continues to percolate\u2026","rel":"","context":"In "Disintermediation"","block_context":{"text":"Disintermediation","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/disintermediation\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/17857","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/comments?post=17857"}],"version-history":[{"count":3,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/17857\/revisions"}],"predecessor-version":[{"id":17860,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/17857\/revisions\/17860"}],"wp:attachment":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/media?parent=17857"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/categories?post=17857"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/tags?post=17857"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}