Real estate agent Dave Ramsey options can be difficult to narrow down, making selecting one a difficult process. Consider an agent’s experience, customer ratings and service areas before considering commission rates they charge; using UpNest as an agent matching service could save money while offering access to an extensive list of real estate agents that meet your criteria.
Dave Ramsey’s ELP (Employee-Local Partners) realtor program provides homeowners and buyers a service to locate local real estate agents. Their website allows potential homebuyers and sellers to fill out a form detailing their property and real estate needs before being connected with several realtors in their area.
applicants to the Ramsey ELP realtor program must possess four years of full-time real estate experience and closed at least 25 transactions during this time. Furthermore, applicants must agree to pay an upfront fee of $3,000 as well as monthly fees between $400 and $900; furthermore they must adhere to Ramsey’s business model by following his Baby Steps and attending Financial Peace University courses.
People using the Ramsey ELP realtor program have expressed dissatisfaction with the agents matched to them through this program, sometimes alleging they did not meet expectations or weren’t familiar with their local market; some even accused these agents of being dishonest or misleading.
People have also reported being mismatched with agents who did not meet their needs, leading them to pay higher realtor commissions than otherwise, while some agents charged high referral fees that added hundreds of dollars of extra cost for homebuyers or sellers.
Concerns have also been expressed regarding the thoroughness of the screening process for prospective Ramsey Trusted agents. Some believe that the company will accept anyone into its program before dismissing them based on negative reviews, a practice known as consumer allocation that violates Sherman Act regulations.
The Dave Ramsey ELP realtor program is free for consumers, yet not as effective as other agent matching services. Other services offer more agents, lower commission rates and are more transparent about their vetting processes compared with those provided by Dave Ramsey’s ELP program. Interviewing multiple Realtors before making your selection can make or break your homebuying/selling experience; no matter which agent finding service you select. UpNest may help save you money on fees while helping find qualified, ethical agents.