Dave Ramsey is an internationally acclaimed financial guru renowned for providing practical and straightforward money management advice to everyday consumers. His no-nonsense approach to saving, investing and paying off debt has garnered him significant popularity and inspired products and services designed to assist with managing finances; one area in particular being real estate where his endorsed local providers (ELPs) network helps consumers locate agents they can enlist for guidance during home purchasing or selling processes.
The ELP realtor program is offered through Lampo Group, the media company founded by Ramsey in 1992. Its purpose is to connect Ramsey’s followers with professionals (insurance providers and real estate agents) that align with his values. ELP realtors must undergo stringent vetting for professional expertise and customer-focus attitude as part of this service; reviews from past clients or interviews with prospective new ones are part of this vetting process; additionally Ramsey himself offers financial principles training courses as part of this service.
ELP realtors pay an ELP fee ranging from $400 to $900 each month in addition to any referral commissions they earn when home sales or purchases close, which often serves as a deterrent against prospective homebuyers and sellers.
Though the ELP Realtor Program provides many buyers and sellers with an attractive option, there are a few key drawbacks of using it. One major issue is that its customer vetting system falls short. Customers fill out an online form that matches them with two or three real estate agents instantly; then interview these agents individually before selecting which best fits their needs.
Another problem with the ELP realtor program is its inability to offer homebuyers and sellers any discounts on commission rates, since other agent-finding services such as UpNest and Clever Real Estate provide reduced commission rates that could save them thousands in broker fees.
If you’re in search of a qualified and experienced real estate agent, consider alternatives to ELP realtor program such as Clever Real Estate and UpNest. Both platforms can save thousands in broker fees by pairing you with top performing agents who charge only 1.5% commission to list your property; or find full service agents that will represent both buy-side transactions as well. Using one or both these programs ensures the best outcome when selling or purchasing homes – helping save on realtor commission! Don’t wait any longer; start saving today!