An Endorsed Local Provider (ELP) of Dave Ramsey Real Estate Agents is defined as any professional who adheres to Ramsey’s financial principles while excelling in their fields. ELPs can assist consumers with home buying and selling transactions as well as mortgage processing, investment opportunities and debt elimination strategies – not only does their affiliation strengthen credibility with buyers and sellers who share his beliefs but it can help create new targeted clientele groups for these agents.
Becoming an Endorsed Local Provider (ELP) requires extensive and time-consuming procedures. A Realtor must meet certain qualifications in order to qualify, such as years of experience, closing four homes within 12 months, effective communication skills, financial integrity evaluation by Ramsey’s team as well as maintaining these requirements in order to remain part of ELP network. Those accepted into the program must continue fulfilling them to remain part of it.
Real estate agents participating in Ramsey Solutions’ ELP program receive a monthly participation fee paid for by customers using the service to find an agent. While these fees could cut into their bottom line if their company fails to produce enough leads in their area, Ramsey Solutions makes money through upselling additional services, such as home loans via Churchill Mortgage or financial experts.
Although these costs can be high, many real estate agents in the Ramsey ELP network report receiving leads of higher quality than those from other referral engines. Unfortunately, some agents find the program expensive and difficult to navigate while others feel that it does not sufficiently verify lead quality or match them with potential clients.
The Dave Ramsey ELP Realtor Program is an easy and free way to locate an agent in your area, but may not be ideal if you require top-quality representation or reduced commission rates. After answering some questions about your home ownership goals and an instant match is made with 2-3 real estate agents via their website; once this has occurred a customer service representative sends out emails or even calls you directly in order to arrange phone consultations or schedule phone appointments with agents based on what was found online – however this website doesn’t allow users to view customer ratings or past sales information nor can it verify if this person knows if this person qualifies as first time home buyers.
Some real estate agents have reported that this service does not properly vet leads and therefore leads to lower conversion rates. Furthermore, it has numerous hidden fees that add up quickly – such as sign-up and monthly fees as well as the extra charge made by them to promote listings on their website. Because of these drawbacks, we advise using more reputable agent matching services instead.