Dave Ramsey is an esteemed financial advisor known for providing guidance to families looking to purchase or sell homes, as well as offering an agent referral program which produces high-quality leads for local realtors enrolled in it. Participating agents pay hefty referral fees every time their transaction closes successfully.
While this model may be common among real estate agents, its cost may deter many from taking advantage of it. Here, we take a closer look at Dave Ramsey Real Estate Agent Referral Service to assess whether it is worth your while.
The Dave Ramsey ELP Realtor Program is a real estate agent matching service provided by Ramsey Solutions since 1992 and led by radio host and financial advisor Dave Ramsey. The program provides cost-effective access to quality real estate leads.
How it Works: Buyers and sellers fill out an online form and are instantly connected with real estate agents based on information provided by consumers, such as home price range or whether or not they’re interested in buying/selling their home. However, this website doesn’t verify accuracy of information given nor communicate with leads to gauge whether they are serious in buying/selling.
Ramsey Trusted agents must complete several training courses to be approved for the program, be familiar with Ramsey’s financial principles, and demonstrate a dedication to following his advice. Due to these requirements, it may be more challenging for local real estate agents to join than other referral services, although qualifying may still be possible if you are an exceptional agent in your market who follows his teachings.
Ramsey Trusted real estate agents pay not only a referral fee on every deal they complete through this program but also an upfront signup fee and monthly coaching fees – fees which may eat into profits of some agents participating and make it less desirable for buyers and sellers to participate. Furthermore, quality may differ between agents available through this platform for matching purposes.
Dave Ramsey took an aggressive stance against eXp Realty for unknown reasons. Some have speculated a disagreement with Grant Cardone, an associate sales trainer associated with eXp. Others suggest it could be part of Ramsey Solutions’ strategic efforts to differentiate its services and differentiate its offerings.
The Dave Ramsey ELP realtor service is an ideal option for fans of his radio show and financial advice, matching buyers and sellers with local agents familiar with his teachings. Free to use, it matches homebuyers with agents familiar with Ramsey’s teachings for quick home purchases at reduced commission rates – ideal if homeowners wish to move quickly without incurring too many costs in commission rates; however there are better alternatives such as UpNest or Clever Real Estate that provide access to more agents while saving up to 50% in commission rates!