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This month's August 13th New Agent Orientation included over 60% of the of the new members transferring from Re/Max into the Metro Brokers system. According to Membership director Barb Figal, many of the longtime former Re/max agents feel abandoned by their former brand. The success of the company at the expense of the brokers seems to be the theme. Says Figal, the increasing costs and franchise fees at Re/Max are not what a lot of these true 100% brokers signed up for.

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The powerful pen of the Executive Office has been wielded, endorsing housing legislation that gives broad authority to the Treasury Department for safeguarding Fannie Mae and Freddie Mac and saving thousands from foreclosure. But at what price? It increases the national debt by 800 Billion, and the liabilities for taxpayers are impossible to calculate. The Congressional Budget Office estimates that 35 percent of refinanced loans will default again. But for the moment, Fannie Mae and Freddie Mac are safe.

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Metro Brokers Real Estate news

With the success of Metro Brokers' robust iPhone real estate search interface, Metro Brokers Technology Committee is moving towards the development for other handheld smart-phones. MetroBrokersOnline internet partner, Terabitz, is currently working on Blackberry® and Microsoft Mobile®, Pocket PC platform enabled devices. Metro Brokers Technology committee's Mike Bradley states that "This is the kind of impulsive, on the spot feature that can help consumers and brokers alike, work with current and future mobile solutions." Look for it soon.

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MetroBrokersTV:  Welcome to Metro Brokers TV and we are here today with Jesse Sehlmeyer of Vintage Homes of Denver and welcome Jesse.

Jesse Sehlmeyer:  Thanks Mark.

MetroBrokersTV:  Hey, part of the reason we are interviewing you today is you are one of the more successful agents in the southeast Denver area.  Why don't you tell us a little bit about your business and where you practice your business?

Jesse Sehlmeyer:  Vintage Homes of Denver was really created to specialize in the old Denver markets around Wash Park, Platt Park, Congress Park, really the enclaves of Denver, being a Denver native and growing up learning the history of Denver.  I really want to focus my business on one very specific area of town and that has been the focus of our business over the last several years.

MetroBrokersTV:  Your office is on Pearl Street, right?

Jesse Sehlmeyer:  Yeah, right on 1601 S Pearl Street, right in the heart of the shopping district.

MetroBrokersTV:  So, tell me do you do mostly work with investors, developers right now.

Jesse Sehlmeyer:  Doing a lot of investment development including scrape offs and pop tops, major renovation project properties.  That is definitely core of our business, but we also do quite a bit of resale in old Denver since that has been an area we have marketed to since day one as well.

MetroBrokersTV:  So, tell me, we are in the second half year 2008, how has that business being going?  How is your market doing with the economic conditions today?

Jesse Sehlmeyer:  At this point, we are actually still about 97% of planned projections for sales and volume this year and most of the properties that we put out are still selling within a very reasonable timeframe for the market, even considering what people are considering a slow down in the market as a whole, we have had great success in areas that we do business in.  Markets are very localized and I think you just have to really show the consumer that these local areas of Denver are still doing quite well and you really have to also prove these markets are doing well also.

MetroBrokersTV:  So, average agent last year metro Denver doing less than three transactions.  What are you doing as far as marketing program?  Do you have a sphere of influence?  Are you using paper marketing, electronic mediums?

Jesse Sehlmeyer:  At this point, we always market heavily to our sphere of influence, our database and really looking for that long term referral business, that has been a big anchor and we are also doing electronic mailings to them at this point and we are also getting into the video segment, like Obeo somewhat or Vid2rl looking at going forward as a part of our overall marketing.

MetroBrokersTV:  So, you are working with snail mail and newsletter to clients, electronic newsletters to clients, upgrading things as far as video on your properties and so forth and anything else you are doing out there to stay successful?

Jesse Sehlmeyer:  I think really it seems kind of like a funny way doing things by just getting out there and meeting people in public.  I try to at least I would say one to three lunches a week meeting a new investor or builder and just really getting out there and trying to see what they are doing in the market and how we might be able to work with them in the market.

MetroBrokersTV:  Real estate is a contact sport.

Jesse Sehlmeyer:  Yeah, just getting out there and meeting people and nuturing those relationships for the long term.

MetroBrokersTV:  Well, we appreciate you coming in today Jesse and appreciate your input.

Jesse Sehlmeyer:  Thanks.

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MetroBrokersTV: Welcome to Metro Brokers TV and I am here today with

Amy Chase of Metro Brokers Cherry Tree Properties and welcome Amy.

Amy Chase: Thanks.

MetroBrokersTV: So, why don't you tell me what you did prior to getting into real estate.

Amy Chase: I actually have a masters degree in social work and Spanish and worked in the hospital industry for many, many years and then I had my first child almost 10 years ago and after I had Connor my oldest I decided to stay home for a few years and a few years after that, I had another child and when he was a toddler, I decided I was ready to go back into the work place, but I did not want to go back to a Monday through Friday 8 to 5 type situation. So, I was looking for something with a little more flexibility for our family.

MetroBrokersTV: Real estate.

Amy Chase: Real estate, natural choice, exact thing.

MetroBrokersTV: So, I am sure the social work degree comes in real helpful work with agents.

Amy Chase: Definitely.

MetroBrokersTV: And maybe some of your clients.

Amy Chase: Yeah that counseling background and interpersonal relationships really comes in handy.

MetroBrokersTV: So, tell me who did you work for before you worked with Metro Brokers.

Amy Chase: I started with Metro Brokers. When I was finishing up school, I interviewed with several agencies, two Coldwell Bankers, two Metro Brokers, and a smaller boutique firm and I just decided that Metro Brokers would probably be the best fit for me.

MetroBrokersTV: So, what was one of the big factors then, you talked to Coldwell Banker, a lot of people, newer people go to Coldwell Banker, I mean what was the... why didn't you go there? The new agent training... what was different about that versus Metro Brokers?

Amy Chase: Well, I liked the managing brokers that I met with at Coldwell and I liked their new agent training programs, but their agents commission split was something that I wasn't willing to part with. The proposed New Agent Training is not worth the cost, you need to do the math.

MetroBrokersTV: Well, so you didn't think it was worth the trade...

Amy Chase: No.

MetroBrokersTV: For the "training" for what they were trying to take from you.

Amy Chase: I did not. I thought that Metro had the brand and the sign recognition that I was looking for when I interviewed with Coldwell, but on a much more individual kind of tailor made mentorship type program.

MetroBrokersTV: So, tell me about that. What do you mean mentorship versus say a Coldwell Banker.

Amy Chase: Well, my managing broker is fantastic and I get a lot of one on one individual attention from him. So, I learned real estate not only from watching him directly, listening to him, being with him on transactions, but then I also branched out and went to some of the agent training programs at corporate Metro Brokers and then my real estate board .

MetroBrokersTV: So, you like maybe working with a company that has five, six, seven brokers in the company versus three hundred.

Amy Chase: Yes, very much so. That was important to me.

MetroBrokersTV: Well, super. I appreciate your time Amy. Thank you.

Amy Chase: Hey, my pleasure

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