Why the Truth Works (LA 826)

Transcript:

Steven Butala:                   Steve and Jill here.

Jill DeWit:                            Hello.

Steven Butala:                   Welcome to The Land Academy Show: Entertaining Land Investment Talk. I'm Steven Jack Butala.

Jill DeWit:                            And I'm Jill DeWit, broadcasting from sunny southern California.

Steven Butala:                   Today Jill and I talk about why the truth works. But before we get into it let's take a question posted by one of our members on the LandInvestors.com online community. It's free. And as you're listening to us please drop your questions into the comment section below.

Jill DeWit:                            Ted asks: “I'm a recently licensed agent, and I was wondering if there were other licensees here and what kind of disclosures you add to your offer letters? Thanks, Ted.”

Jill DeWit:                            Let me first, I would like to interject by saying-

Steven Butala:                   Jill's saving me.

Jill DeWit:                            We are not licensed realtors, nor do I care to be a licensed realtor. And this, Ted, is one of the reasons why, I don't have to do any extra work, I don't have to input anything extra, and I don't need to be a licensed realtor.

Jill DeWit:                            Now, having said that, do I totally agree with going through the training and learning all about that, and getting all that knowledge, and experience, and information? Heck, yeah! We both sat through and did those classes start-to-finish. All the way up to pushing the button and getting a license. Did not do that, because it's great, slash, and you really want to know what goes on in that environment, what realtors are taught and told, and that, because you'll come across them and then also it's a wealth of information. The other thing is though, remember you're an investor. Everyone coming into this-

Steven Butala:                   No, he's not. He's a real estate agent right now.

Jill DeWit:                            Well, that's true-

Steven Butala:                   Trying to be an investor-

Jill DeWit:                            But I'm just saying-

Steven Butala:                   Instead of the other way around.

Jill DeWit:                            Exactly. We're investors-

Steven Butala:                   The name of the show is Why the Truth Works, so here's the truth. You made a mistake, so you're either gonna go get commissions and get in the way of other people's real estate deals, and in the process probably make an ass out of yourself before you really truly realize that-

Jill DeWit:                            They're two different things.

Steven Butala:                   The people who make any real money in real estate don't have a license and don't want a license like us.

Jill DeWit:                            That's true.

Steven Butala:                   We just sold a house to a woman who said, "I think the way you guys have this thing structured is maybe the greatest thing ever. You put it on the MLS, I don't have to pay a real estate agent. In fact, I have a real estate agent whose helping me find a house, and I found out you're not gonna pay real estate fees. God bless you."

Jill DeWit:                            Mm-hmm.

Steven Butala:                   "You just saved me $15,000." And she told her real estate agent to take a hike.

Jill DeWit:                            Right.

Steven Butala:                   I wish this would happen more often.

Jill DeWit:                            It's true.