Archive for February, 2012

25 Million Dollar Commission

February 15th, 2012

In 2011 in the Albuquerque area, Bernalillo, Sandoval, and Valencia Counties there were 1431 real estate transactions closed using seller financing.  The average sales price was about $150,000.  If you assume every sale involved a realtor with an average commission of 6%, then there was about $12,879,000 in commissions paid in the Albuquerque area on seller financed transactions.  If the other 30 counties combined had as many transactions as Albuquerque, then the total number of transactions in New Mexico would be around 2862 and total commissions would be about $25,758,000.

Are you telling your buyer or seller about owner financing?  Send them to  Do you want to learn more about real estate contracts or refresh your memory?  I instruct a 4 hour CE course called Practical Application of Real Estate Contracts.  Please check the class schedule.

$1,000 Security Escrow Scholarship

February 2nd, 2012

Has someone in your family expressed the desire to be in the Real Estate profession?

If yes, please encourage them to apply fo rthe $1,000 GAAR / Security Escrow Real Estate Scholarship! This scholarship is awarded each year to help pay for required classes and the state exam to become a Real Estate Licensee.

To be eligible, the applicant must be 20 to 24 years old and a relative of a REALTOR® member of GAAR.  Along with a simple application form, the applicant must submit a short essay (2 – 3  paragraphs) that answers just one question – Why would a career in real estate be a good fit for you?

The deadline for submitting the application and short essay is February 8, and the recipient of the scholarship will be recognized at the GAAR Awards Gala, February 17, 2012.
This is the perfect opportunity for someone in your family to get started in a great profession.
Don’t delay! Mail, email, fax, or hand deliver your application to GAAR by February 8.