Dave Ramsey is an internationally-recognized personality and financial expert with a loyal fan base. His advice focuses on building a solid financial foundation, investing smartly, avoiding debt, and advocating for average people in ways that relate directly to their personal situations. Many of his followers look up to him for recommendations of service providers including real estate agents; to highlight reputable agents he created an endorsement network called Ramsey Trusted Agents.
To become a Ramsey Trusted Agent, an agent must meet a high standard of performance. This includes having at least four years of full-time experience in the industry and closing at least three times more homes than the average Realtor. Furthermore, agents must agree to adhere to Ramsey’s principles and values in their work – no easy feat that shows they possess both knowledge and expertise necessary to assist buyers or sellers through the home buying or selling process.
One of the greatest advantages of becoming a Ramsey Trusted Agent is opening up new marketing opportunities for real estate agents. Receiving celebrity support opens up numerous marketing avenues; its endorsement can attract potential clients with its badge displayed prominently on listings; agents also can provide financial coaching and education that may assist in their homebuying or selling process.
One disadvantage of being a Ramsey Trusted Agent, however, lies with the fees charged by the company. These include referral and signup fees when deals close as well as coaching costs that may be hard for agents with substantial commission payments to justify.
One drawback of becoming a Ramsey Trusted Agent lies with its approach to agent matching. Customers must fill out an online form and answer several questions regarding their real estate needs before being connected with a Realtor who shares these preferences. Unfortunately, this approach doesn’t give agents enough opportunity to vet leads, potentially sending leads who are uninterested in buying or selling homes to agents instead.
Some customers have voiced displeasure with the Ramsey Trusted Agents they were assigned, not saving any money on realtor commissions when buying or selling a home. As such, it’s wise to evaluate all available agents in order to select one with optimal value proposition.
Clever Real Estate, UpNest and Real Estate Investar are great alternatives to Ramsey Trusted Agents that can connect you with top-rated agents at reduced commission rates. Explore them to determine what works for you!