When buying or selling a home, it’s essential that you work with an agent who has your best interests at heart. If you are an admirer of financial expert Dave Ramsey, finding an endorsed Ramsey ELP realtor could be appealing; but be wary before signing on; many who have used the service have reported not saving any money on commission, while their chosen agents weren’t helpful or efficient enough; additionally, there are only limited realtors to choose from on this platform making it more difficult to locate top-rated agents nearby.
What Is a Ramsey Trusted Agent? A Ramsey Trusted Agent is a local realtor approved and recommended by Dave Ramsey’s organization for real estate sales and purchases. This program provides homeowners and buyers with various advantages, including reduced realtor commissions. In addition, financing options may also be provided through this program as well as free educational materials and webinars provided through this platform.
The Ramsey Trusted Agent program is part of Ramsey Solutions. Formerly known as the Lampo Group LLC, Ramsey Solutions is a Tennessee real estate firm which openly allocates consumers among various Realtors through broker-to-broker collusion despite federal law that mandates open competition among Realtors.
Current owner Ramsey Solutions owns a brokerage company called eXp Realty. Since 2010, these two entities had worked closely together, and both profited from their partnership. Unfortunately, in late 2021 eXp Realty informed its agents that they would no longer receive lead referrals from Ramsey Solutions – this decision caused financial strain among agents who had made significant income through Ramsey ELP referrals.
Uncertain reasons exist for Ramsey’s dismissive response to eXp Realty, but one theory suggests a potential conflict with Grant Cardone – a prominent sales training expert recently affiliated with eXp Realty. Furthermore, Ramsey may have wanted to set himself apart from other real estate coaches who employ different approaches than those associated with eXp Realty referrals and produce better conversion rates than they can.
Overall, the Ramsey Trusted Agent program is not worth it for most homebuyers and sellers. With an upfront fee of $3,000 and monthly fees ranging from $400-$900 – far higher than most realtor referral services – and only connecting you with one agent at a time without giving you enough opportunity to interview multiple candidates before choosing one, its likely not worth your while unless there are special circumstances involved; plus there are numerous reputable brokerages with lower commission rates but high quality leads available elsewhere than just eXp Realty.